S&P 500 ETF Trust (SPY) – Recap
Our main winner from Friday morning’s premarket report was our idea for the SPY. The markets saw an early rip out of the gate before pulling back, running once again, and eventually tapering off into the close.
As a result of the activity we observed, our designated contract sets experienced two separate and significant surges on the day. Here are the total possible gains afforded by the moves that occurred:
SPY 07/02 $313-314 Calls
$313: 1.88-4.22 (+47%) | .67-1.55 (+47%)
$314: 1.28-2.10 (+49%) | .36-.77 (+47%)
Other Recent Winners:
Plug Power Inc. PLUG – We also want to begin this fresh trading week by re-highlighting PLUG, which we most recently talked about on June 24th. Subsequent to that report, the stock traded for as little as 6.91 a share, and on Friday the stock attained a new high of 9.65. This morning in the premarket we’ve seen shares change hands for 10.09.
That puts our total observed increase on PLUG in under two weeks at a respectable 46% and warrants further attention going forward.
Overstock.com Inc. OSTK – Another recent performer we’ve been hot on the trail of is OSTK, which we mentioned quite a bit back in May. Since then, OSTK has done little else other than climb its way to new highs week after week.
When we first alerted on OSTK it was trading at 15.45, and to close out the short week on Thursday, the stock had hit 39.38. That works out to a 2-month upswing of 155%
UBER, BA, UONEK, DUK, LMFA BLDP, FCEL, NIO, BLNK
Digital Locations Inc. DLOC
We tagged DLOC in yesterday morning’s report just in the nick of time to catch one of the top sessions in the stock’s history. On all time high daily volume, the stock cruised from a low of .07 all the way up to .35, marking a fantastic 400% ripper on the day.
We have been supplementing our options plays with some select OTC picks as well, and this is a fine example of why. The opportunities have been there for anyone with the wherewithal to look (or read our daily reports).
We also highlighted some options ideas that we thought might work out for yesterday’s session in AAPL and ADBE, as well as some SPY calls, and we were met with considerable success. All six of the designated sets in our target ranges produced double-bag gains or better.
AAPL Weekly $360-365 Calls
$360: 5.85-13.57 (+132%)
$362.50: 3.45-11.55 (+235%)
$365: 3.35-9.70 (+190%)
ADBE Weekly $435-445 Calls
$435: 6.00-12.43 (+107%)
$440: 3.20-8.95 (+180%)
$445: 1.80-5.66 (+214%)
Fresh Options Idea
AVAV 07/17 $75-80 Calls
SGMD, BRLL, BSTK, AITX, OZSC, BANT, HALB, FCCN, PLUG, FCEL
Zhuding International Ltd. ZHUD
Earlier this week, on Tuesday and Wednesday mornings, we drew attention to ZHUD via our extended watchlists. The stock started off at a low of .0615 on Tuesday, hitting a high of .09, and the run-up continued through ensuing two sessions.
Yesterday, ZHUD managed a new high of .1145, and that works out to an increase of 86% It marks yet another OTC play that’s produced solid gain opportunities for us recently.
Adobe, Inc. ADBE – Reminder
We wanted to point out that the idea we formulated yesterday morning in the Adobe chain is still very much alive. While the stock didn’t make headway yesterday, we are observing a gap-up this morning in the premarket, and those calls should open up with some very nice profit chances for anyone who snapped them up yesterday.
The targets were the ADBE $397.50-402.50 Calls, so we’ll be watching those as well as adding the $405′s to the equation to track into the close today as we wrap up another trading week.
BITA 06/19 $15-17.50 Calls
PLAY Weekly $15.50-16.50 Calls
ITOX, SSFT, BYRN, MLFB, XHUA, SEGN, FCEL