FedEx Corp. FDX
On Tuesday morning, we had a set FDX options ideas that were among our main focal points. Avid readers will recall that we signaled our interest in Weekly FDX $140-145 Calls, and over the course of the last three days, with the exception of the $140’s, each set of contracts put up noteworthy intraweek swings.
The following trading ranges represent the lows from the day of our initial calls to yesterday’s highs:
$141 Calls – Trading Range: 4.06-12.19 – Max Gain: 200%
$142 Calls – Trading Range: 3.39-14.40 – Max Gain: 325%
$143 Calls – Trading Range: 2.98-11.86 – Max Gain: 299%
$144 Calls – Trading Range: 2.55-10.65 – Max Gain: 318%
$145 Calls – Trading Range: 3.01-11.60 – Max Gain: 285%
RAIT Financial Trust RAS
We’d also like to update our readers on the progress of RAS since we tagged it as a possible bottom play on Tuesday after noticing it recording new 52-week lows on Monday. The stock has managed to post gains for each of the three sessions since then, meaning that our timing in catching the bottom was essentially flawless.
Our observed low on RAS was 2.30, and it gradually stair-stepped its way to a high of 2.84 yesterday. That marks a steady rise of 23% and a confirmed three-day uptrend, the continued signs of which we’ll be watching for in coming sessions.
Fresh Options Idea – Blackberry Ltd. BBRY
BBRY is gapping up on earnings beat this morning- Wall Street was expecting a fourteen-cent loss per share and the company only posted a three-cent loss per share. We’ll look to take advantage of the current conditions by looking for a dip-and-rip on BBRY. If things go as we suspect they might, we’ll want to watch Weekly 7.50-8.50 Calls for what could be significant intraday swings today.
Cardinal Resources, Inc. CDNL
We were tracking CDNL at the end of last month and the stock went on to make a nice move of 167% as it ran from .0225 to .06. After consolidating down to a low of .03 last Tuesday, it has made another nice move to yesterday’s high of .068, another swing of 147%
We’ll keep CDNL on our radars moving forward, watching for the setting of higher highs and higher lows. There still appears to be room for the chart to grow in the near-term.
MCIG, AXXE, VRSZ, CBIS, SRCO