Tag: GS

Heading Into a Crowded Earnings Period

SPDR S&P 500 ETF Trust (SPY) Update
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We are continuing to track the SPY options we signaled on Monday morning, which brought solid gains, as we reported yesterday. Our targets, the SPY Weekly $319-320 Calls registered 93% and 110% moves, respectively.

Yesterday, they underwent a dip-and-rip, creating another opportunity for those who may have missed the first. Here are the daily ranges on our tracked contracts, which should also be setting new highs once again today, if the premarket activity we’re seeing is any indicator:

SPY Weekly $319-320 Calls 
$319: 1.08-3.23 (+199%)
$320: .75-2.68 (+257%)

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Fresh Ideas:

We’re just getting through a period of extremely thin options reporting, but we have finally reached the point where it will all begin to turn around. We have just a couple interesting reporters today, but starting tomorrow we should have plenty more targets to choose from. Several big names are slated to drop earnings over the next week.

GS Weekly $217.50-222.50 Calls
INFY Weekly $11-12 Calls

Extended Watchlist:
PAOG, MEDH, CORG, ENZC, NXTC, DMAN, QSEP, YAYO

Blue Horseshoe Stocks: CANN Recap & More

General Cannabis Corp. CANN

To kick off this week, we sent out a reminder going over the extensive list of cannabis plays we published on April 4th in anticipation of Friday’s 04/20 Holiday celebrations and connected stock activity.

We expect a rising tide of interest and activity in the cannabis space for the remainder of this week and beyond, during what is one of the busiest times of year for marijuana-related businesses/stocks.

We are already impressed with the move made by CANN since our initial alert and through to this week. On the 4th, following our report, CANN established its base at 2.25 and hasn’t looked back. Yesterday the stock hit 5.75, marking a two week bull run of 156% As we said, we expect to see more moves like this from the myriad cannabis plays we track on a regular basis. (Non-Exhaustive List Here)

vTv Therapeutics, Inc. VTVT

We also want to make note of VTVT this morning after noticing a number of attractive features on the chart. Pre-existing shareholders of VTVT are certainly not happy with the events of the past few months, but as opportunistic short-term traders, it has almost everything we look for a regular basis.

In addition to being monstrously oversold, the stock has seen a rise in average volume over the past week, after a massive gap-down which you can plainly view on the snapshot below. What makes the scenario so interesting, is that the company will need to reattain and hold the 1.00/share or risk involuntary delisting from the NASDAQ. With all these factors playing in, we’ll definitely want to put this one on extended watch in the event it attempts to fill even a portion of that gap.

Extended Watchlist:
NFLX, GS, UNH CNIT, CNET, VHC, RKDA, GWPH, KOOL

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