We targeted a range of options calls in both FedEx and Adobe yesterday, as both stocks were showing good premarket activity on the heels of their earnings reports. It illustrated perfectly why we’re always formulating post-earnings options ideas.
FDX Weekly $165-170 Calls
$165 – Range: 5.35-9.00 – Max Gain: 68%
$167.50 – Range: 3.16-6.71 – Max Gain: 112%
$170 – Range: 1.42-4.18 – Max Gain: 194%
ADBE 10/21 $100-110 Calls
$100 – Range: 6.55-8.58 – Max Gain: 31%
$105 – Range: 2.80-4.21 – Max Gain: 50%
$110 – Range: .83-1.41 – Max Gain: 70%
Both stocks are gapping up again this morning, so we expect to see extended gains on these contracts today.
Recovery Play Updates
Yesterday’s session confirmed validation of all three of the bottom-bouncers that we highlighted in Tuesday’s premarket report.
MGT Capital Investments, Inc. MGT and ACRE Realty AIII – These were both new for us on Tuesday, getting our attention as stocks that were heavily oversold after reaching new lows. As it turns out, we timed those bottoms perfectly, as you can see in the side-by-side chart snapshot below.
So far the range we’ve observed on MGT is from 1.77-2.58, a 46% rise, and in AIII, a move up from .90-1.20 (+33%). We’ll stay on their trails to watch for a continuation of these rebounds.
NovaVax, Inc. NVAX - While it did appear on our Bottom-Bounce Watchlist on Tuesday, NVAX began its own recovery when we initially brought it to the table in Monday’s report. We’ve included a snap of this chart as well so you can see the excellent progress it’s made since then.
To this point we’ve witnessed a three day swing of 43% from 1.36-1.94. The stock closed at that high, so it too will be granted a reserved slot on our radars in coming sessions.
Jammin’ Java Corp. JAMN
We alerted JAMN as a potential bottom-play last Tuesday and it too has made a solid move to the upside since then.
We saw the low come in at .0011 following that mention, and yesterday the stock reached a new high of .0025. That represents a 127% rip off of its lows in just over a week’s time.
StrikeForce Technologies, Inc. SFOR
This is a stock that we’ve been familiar with in both the distant and recent past, and we included it once again in yesterday’s report. The stock kept piling on the excellent momentum we’ve observed over the past few sessions, and ultimately set a new high for us, falling just short of breaking the penny barrier.
SFOR traded in a modest intraday range from .008 up to .0095, a 19% increase, closing strong once again at .0094. From the low we observed following our next most recent mention of the stock (.0036) the new high represented an overall swing of 164%
We’ll be interested to see if SFOR can maintain momentum and breach into Pennyland. The last time it came close was nearly a year ago.
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