Reviewing OTC Gains
We have been focusing a bit more on OTC stocks than we have in years in the middle of the global health crisis. When big board stocks get in trouble, many opportunistic short term traders will turn to the lower exchanges to seek out chances.
So that’s why our readers have seen an uptick in OTC mentions here in our daily newsletter offerings, and already we’ve seen multiple significant payoff opportunities. In our morning report from last Wednesday, we tagged NBDR, and the stock has produced a multi-bag run in just a short period. It has traded in a range from .0112-.0489, which represents a gain of 337%
In addition to our premarket newsletters, any of our followers are welcome to participate in our daily traders chats on Skype (Contact request “stocksumo” to gain entry) to discover or share other opportunities throughout the course of each trading day. Here are a couple of coronavirus related chatroom plays from yesterday which fared very well:
Premier Biomedical, Inc. BIEI
Range: .0011-.0055 | Gain: 400%
American Biomedical Corp. ABMC
Range: .175-.43 | Gain: 146%
Fresh Options Ideas:
Direxion Daily Junior Gold Miners Index Bull 3X (ETF) JNUG Weekly $4-5 Calls
Virgin Galactic Holdings, Inc. SPCE $13.50-16.50 Calls
BWMG, WINT, NEXCF,
Friday’s Big Winners
We enjoyed a spectacular session on Friday, with quite a few of the stocks we flagged in our premarket report posting impressive intraday gains.
Cabo Verde Capital, Inc. CAPV
Chief among the big movers we were tracking was CAPV, which made an epic run from subpenny territory well into pennyland on more than 25-times its average monthly volume.
The stock broke out from an early low of .006 to touch .028, a hearty 324% swing. CAPV also managed to maintain more than 50% of its daily advance, and coupled with the level of volume we’ve witnessed, we’ll need to keep a spot on our radar screens reserved for this play for the possibility of a momentum carryover.
Cardinal Resources, Inc. CDNL
Speaking of momentum movers, we began tracking CDNL closely starting with our morning report on Tuesday, after which time we observed a low of .0057. Subsequent to that, the stock has pressed higher in each of the ensuing four sessions leading up to a massive new high on Friday.
From a daily low of .015 it surged to a high of .0245, marking a 63% intraday rip, and an overall swing of 330% above our observed low on Tuesday. CDNL also closed with strength at .023 and thus will remain on our watchlist for the time being.
Brownie’s Marine Group, Inc. BWMG
Additionally, we included BWMG on Friday’s Extended Watchlist, and were rewarded with a heck of a daily swing from this subpenny stock.
It traded in a range from .0034, and ran into the close to end the session at its high-of-day of .0075. That presented traders with the chance to bag up to 120% profit.
Home Depot, Inc. HD – Options Recap
Now, we’ll take an opportunity to review Friday’s action in a couple of options ideas that we identified on Wednesday as being high-potential, provided HD could continue its bullish push. The Weekly $127 and $128 Calls were our proposed targets, and the nice move HD itself made on Friday facilitated some huge chances for gain in our targeted contracts.
The $127 Calls ran from .65-2.88 for a nice 343% jump, which actually paled in comparison to the $128’s. Those exploded from .08 to 1.99- good for a mind-numbing 2387% single-session run!
We’ve actually had higher one-day percentage gains from a few other options ideas we’ve formulated this year, but this will certainly go down in the books as one of the biggest.
TerraForm Power, Inc. TERP
We also took notice of TERP after it had a big late-day run on Friday, followed by some after-hours Form-4 filings. We’re going to signal this one as a potential extended-term recovery play. We’ll need to see it continue to establish higher levels of support off of the new 52-week lows it registered on Thursday.
BTFL, ELED, SCIE, VAPE