No Borders, Inc. NBDR
We opened up yesterday’s report by highlighting the 337% move from .0112-.0489 made by NBDR since we tagged it last Wednesday. It is one of a number of OTC stocks we’ve been tracking in relation to the COVID-19 pandemic response.
The stock absolutely blasted off once again during yesterday’s session, this time reaching a new high of .089. That works out to a total increase of 695% in a span of just 5 trading days! We’ve done our best to continue bringing our readers chances to make quick-strike trades for profit during this crisis, and have in fact done a fantastic job of doing so.
Speaking of success quick-strike trades, we also formulated an options idea in the Virgin Galactic Holdings, Inc. (SPCE) chain yesterday morning, and were met with instant results. The stock enjoyed a solid session, as did most stocks, and it produced very respectable gain opportunities in our target range, the SPCE Weekly $13.50-16.50 Calls:
$13.50: 2.25-4.45 (+98%)
$14: 1.80-4.20 (+133%)
$15: 1.35-3.35 (+148%)
$16.50: .60-2.48 (+313%)
Our other options idea fresh for yesterday’s report was the Direxion Daily Junior Gold Miners Index Bull 3X (ETF) JNUG Weekly $4-5 Calls. Those also produced some nice moves on the day for us:
$4.00: 1.38-2.10 (+52%)
$5.00: .89-1.47 (+65%)
Fresh Options Ideas:
SPY Weekly $240-245 Calls
WGO 04/17 $25-30 Calls
NKE Weekly $78-81 Calls
BSGM(>News), GALT, HAL,
Midweek Options Review
As we head into the Thanksgiving break with exactly one and a half trading sessions remaining for the whole week, we wanted to first update our readers on the excellent fresh options ideas we put forth in yesterday morning’s premarket report.
We went bearish on Dollar Tree and bullish on Nutanix, and big intraday gain opportunities presented themselves across the board, in every set of contracts in our designated tracking ranges.
Cheers to any of our readers who were able to take advantage of the alert and snag some of these solid gains on the day:
Dollar Tree, Inc. DLTR Weekly $99-96 Puts
$99 Puts – Range: 2.64-5.30 – Max Gain: 101%
$98.50 Puts – Range: 3.37-5.70 – Max Gain: 69%
$98 Puts – Range: 2.38-5.05 – Max Gain: 112%
$97 Puts – Range: 1.40-3.81 – Max Gain: 172%
$96 Puts – Range: .70-3.01 – Max Gain: 330%
Nutanix, Inc. NTNX $33.50-35 Calls
$33.50 Calls – Range: .40-.98 – Max Gain: 145%
$34 Calls – Range: .20-.65 – Max Gain: 225%
$34.50 Calls – Range: .15-.40 – Max Gain: 167%
$35 Calls – Range: .10-.30 – Max Gain: 200%
SPY Weekly $314-315 Calls
BOX Weekly $16-17 Calls
VMW Weekly $165-170 Calls
IBIO, LODE, GALT, OCGN, AVEO, OBSV
Turtle Beach Corp. HEAR
This morning to kick things off, we are going to take a look at HEAR, which has gained a bit of momentum over the past couple of sessions after bouncing off a bottom earlier this week. ‘
Technically speaking, the chart has everything we typically look for- a bullish cross of the MACD recently came to pass and we are now seeing clear upward divergence there, and the RSI just cracked the 50-line, indicating that it too is going bullish.
Couple those factors with the convincing surge off of the stock recent relative lows, and we are set up for a possible continuation of momentum, for which we want to be ready with an options idea. We’ll be tracking the HEAR Weekly 10/18 $12.50-15 Calls.
More Options Ideas
SPDR S&P500 ETF (SPY) Weekly $283-284 Calls
Stitch Fix, Inc. SFIX Weekly $31-30 Puts
Galectin Therapeutics, Inc. GALT – Form-4 Alert
We also want to make mention of GALT, which has been trading sideways near its 6-month lows recently. During this period, we’ve noticed a nearly $20M buy from a GALT insider at these lows.
When this happens we usually like to place a stock on bottom-bounce watch, as it generally tends to suggest that the company director has reason to believe that the stock has reached as low as it’s going to go for the time being.
AMPG, BOX, TWI, CIEN, ONVO, HIIQ, PBYI, WMGR