DURECT Corp. DRRX – Review
With one half session remaining before the midweek holiday hiatus, and the earnings calendar once again void of activity, we want to circle back to a recent mention of ours in DRRX. We placed the stock on our radar last month on the 12th, and in the roughly five weeks since, it had really begun to put up some solid performances.
Subsequent to its inclusion in our premarket report on 11/12, DRRX registered a low of 1.72, and yesterday the stock once again registered a new high of 3.00. That’s an overall increase of 74% The stock also closed just a few cents below its high of day, so we’ll continue to keep an eye on its activity.
FedEx Corp. FDX – Fresh Options Idea
FedEx recently reversed and bounced off of its lows, and now appears to be in position to begin filling a gap on the chart. In anticipation of this we are going to place a range of calls in the FDX chain on longer term watch.
We;re going to go out to the FDX 01/31 $157.50-160 Calls to continue to track through the holidays and into the new year.
EKSO, ZN, OGEN, PT, KOD, SLNO, VLRX, ITCI,
TriNet Group, Inc. TNET
In our premarket report on Halloween, we had identified a number of options ideas. One of the ones we put on a longer-term watch was TNET 12/20 $55 Calls, and it has been a really good idea so far.
TNET stock has been in a near-continual uptrend in the eight trading days since that report, and last week, we observed a number of Form-4’s (insider buying) being registered, which bodes well for the stock’s future performance.
In the meantime, we’ve seen a 113% move out of our highlighted contract set, from .80 to 1.70. That figure will continue to improve for as long as the stock maintains its impressive steady upward climb, with nearly six weeks until expiration.
ROK Weekly $195-200 Calls
DXC Weekly $30-32 Calls
IFMK, MTNB, MYOV, JASN, INFN, DRRX, AEIS, AMRN
DURRECT Corp. DRRX
We began tracking DRRX last month, with our initial alert coming on the morning of 08/07. Subsequent to that report, the stock recorded a low of 1.22, and yesterday, reached a new high of 2.46.
That works out to a clean double-bag move of 102% in a matter of six weeks. The stock has been on the rise for two months now, so we’ll be interested to see where it will ultimately find itself.
Avadel Pharma Inc. AVDL
We freshly tagged AVDL in yesterday morning’s premarket report, and while it didn’t make our heads spin, the stock did produce a solid intraday gain on our first day of tracking it.
From a low of 4.13, the stock reached a high of 5.37 on the day, which registers as a 30% upswing. We’ll continue to keep it on our watchlist as we head into midweek.
Fresh Options Ideas:
KMX Weekly $88.50-90 Calls
RH 10/25 $165-160 Puts
GHSI, JAG, OGEN, ALDX, OSTK