Tag: DNDN

GRNH, Options Trading Ideas & Extended Watchlist

Aeropostale, Inc. ARO

The 10/19 $9 Calls that we mentioned yesterday morning opened up significantly as we expected they would. After the subsequent consolidation which brought the price back to 1.05, we saw a spike to as much as 1.55 as you can see on the chart below. That was good for a possible intraday gain of 48%

With roughly a month left until the expiration of these contracts, there’s plenty of time for the stock to regain some of its recently lost ground and potentially fill the gap on the chart up to the $11-range. With the kind of drastic stride it made yesterday (jumping from the $8-range to the $10-range) we’ll also need to be wary of possible pullbacks filling that gap to the downside.

Facebook Inc. FB

As FB has recently been approaching its 52-week highs, we’re interested in weekly Calls, especially if the stock can break the $46 barrier. In that event, we’d be looking at in-the-money Calls like the 09/21 $45.50’s. On the flipside, if the stock fails to push past $46 we would be looking to flip the $46 Puts as a pullback would push them in-the-money.

GreenGro Technologies GRNH

This is another marijuana related stock that we’ve tracked for quite some time. GRNH has made some nice moves over the past several weeks, and is currently in consolidation mode as it has been coming off of its most recent spike. We are keeping a close eye on this one for a potential bottom play. If it can maintain support above the 50DMA of .042 we like its chances of seeing a nice rebound in the future.

Extended Watchlist:
NEWL, DNDN, ATOS, ZQK, IDRA, PCWT

ARO, RMTI, PHOT & Extended Watchlist

Aeropostale, Inc. ARO

At the beginning of August, ARO began to experience a substantial sell-off that would cause the stock to fall from the $15-range to less than $8 at the beginning of this month. We are standing at the ready this morning as we’ve observed some northward pre-market trading, with shares changing hands for as much as 10.13. The significant gaps on the chart being filled could provide not only opportunities on the stock side of things, but in the trading of options contracts as well.

The 10/19 $9.00 Calls are of particular interest to us; Closing at .35 yesterday, and with this morning’s gap-up activity, these calls could open up as much as 100%  In that event, we would be looking for a consolidation before getting our feet wet.

Rockwell Medical, Inc. RMTI

RMTI would make a nice intraday move for us after its appearance in yesterday’s morning report, running from a low of 8.75 and reaching its peak at 11.80, good enough for a 35% gain.

Following the high, the stock came back as low as 9.85. Moving we are looking for the stock to hold support at its previous swing low of 8.75. In the meantime the company released an encouraging PR today announcing the completion of an important step in getting a new kidney drug to market, that appears to be contributing to yet another gap-up situation today.

WIXOM, MI–(Marketwired – Sep 17, 2013) – Rockwell Medical (NASDAQ: RMTI), a fully-integrated biopharmaceutical company targeting end-stage renal disease (ESRD) and chronic kidney disease (CKD) with innovative products and services for the treatment of iron deficiency, secondary hyperparathyroidism and hemodialysis, today announced the U.S. Food & Drug Administration (FDA) accepted the proposed proprietary trade name Triferic™ for the Company’s investigational iron-delivery drug, previously known as Soluble Ferric Pyrophosphate (SFP), which is intended for treating iron deficiency in chronic kidney disease patients receiving hemodialysis. A request for proprietary name review for Triferic™ will be filed with the New Drug Application (NDA) submission.>>>FULL STORY

GroLife, Inc. PHOT

We had another gainer in PHOT yesterday, as the stock jumped from .046 to .061, affording us the opportunity at a 33% intraday rip. Since 08/30 when we re-mentioned PHOT, it has been as low as .0318, which makes yesterday’s high a move of 93%

For almost a year now, we’ve placed a strong focus on marijuana-related stocks, publishing several reports, and doing the most recent followup at the end of August. The industry has, and we believe, will continue to bring us profits in the future. It’s for that reason we suggest everyone keep a marijuana stock watchlist of their own. We have only just begun to realize the potential for this up-and-coming sector, which is certain to be a high-growth area for years to come.

Extended Watchlist:
AGEN, NBS, BCRX, RGDO, SUTR, DNDN, MATR, SD

CLNO, SPY Options & Extended Watchlist

Cleantech Transit, Inc. CLNO

This is the stuff that penny-traders’ dreams are made of- CLNO has been an absolute powerhouse ever since we first alerted it at .0055. A mind-boggling 4972% (@ yesterday’s high) later, and we are still talking about this stock on nearly a daily basis.

Even for those of you who didn’t catch this one from the very beginning of our coverage are faring extremely well. If you just showed up to the party, from this week’s low of .10, yesterday’s .279 high represented a 179% move.

We want to congratulate anyone who has been able to make gains in any amount off of CLNO. Lately doing so has seemed like shooting fish in a barrel. We are currently in uncharted territory- every uptick we see from here is a new all-time high. As with any stock in blue sky breakout mode, we want to remain open to taking advantage of a continuance of the trend, while at the same time being on a sharp lookout for any course-corrective pullbacks, which are obviously common in such a situation.

Options Trading – SPY Calls

We’ve hit the nail on the head with every selection of SPY Calls we’ve made this week. In every instance there have been opportunities to make significant profits. Take yesterday’s report for instance. We stated that: “We are going to look at moving our strike price to $159-160, and possibly even $161 should yesterday’s trend continue.”

The $160 Calls, in the first hour of trading, went from 1.28-2.00 (+56%), then dipped as low as 1.35 before surging back to 1.82 (+35%), bringing us total intraday gains of up to 91%.

The $161 Calls went from .69-1.17 (+70%), and another move from .68-1.03 (+51%). In total that gave us a chance at gains of up to 121% intraday.

Since we’ve had so much success with SPY Calls this week, and have seen such a significant uptrend, we want to remain on alert. We could see a decrease in buying pressure in the overall markets as we head into a holiday week, which could lead to a reversal in the SPY. We would of course then be turning our focus to the $161 Puts.

Extended Watchlist:
VSUL, TWER, RENN, DNDN, ACI, MCP