The GEO Group, Inc. – Options Update
We caught GEO on the heels of a sell-off on Friday morning, and decided to go against the grain with some options calls, the success of which would be predicated upon a solid rebound.
We did in fact witness such a recovery, as GEO stock itself ran from a low of 21.30 up to 23.98. That meant that the target contracts we outlined in Friday’s report were due for some excellent intraday moves. The GEO 09/16 $20 and 22.50 Calls were our highlighted plays, and each of them provided the chance at multi-bag gains on the day.
The $20 Calls traded in a range from 1.61-4.21, for a healthy 161% rip, while the $22.50’s saw an increase from .87 to 2.78, for potential intraday profits as high as 220%
With plenty of time left until their expiration, we’ll have the opportunity to keep monitoring these plays in the event that GEO’s bounceback continues to persist.
Bulova Technologies Group, Inc. BTGI
Also appearing in Friday morning’s premarket report was BTGI, and it too provided us with a significant gain opportunity during the session.
BTGI traded up from its morning low of .0091, surged through the penny mark and ran all the way to .0179, which represented an intraday swing of 97% and occurred on roughly 3.5x its monthly average volume.
Patriot Scientific Corp. PTSC
We’d also like to take a minute to outline the significant intraday move recorded by PTSC after appearing in our report on Friday morning.
The stock ran from a low of .0056 up to .0099, marking a single-session rip of 77%
Extended Watchlist:
BNSO, ETRM (Momentum Plays)
FRP, WEB (Bottom-Plays)
AMD (Longer-Term Watch)