SharkReach, Inc. SHRK
Our Thursday morning we presented SHRK as a momentum play and were met with one heck of an opportunity as the stock managed to make an intraday swing of 120% from .30-.66 that afternoon on exceedingly heavy volume.
We reinforced our interest in continuing to track the stock on Friday morning, provided it maintained a higher base level of support, and for the second straight day, SHRK came through for us despite choppy market conditions.
We witnessed a run from .62-.85 for a solid 37% swing, and from Thursday’s observed low, it marked a two-day move of 183% Cheers are in order for anyone who has followed SHRK along with us. With another strong close Friday we’ll keep an eye on its activity as we kick off a new trading week.
Facebook, Inc. FB – Options Update
Thursday morning’s report also contained some stellar options ideas as we decided to go bearish on FB. The ranges we highlighted included the Weekly $113-110 Puts and the longer-term ideas of the Feb 19th $109-105 Puts all returned good chances for quick-strike profits.
On Friday we anticipated a second consecutive day of losses for the social media giant, and explicitly stated that “We can expect to see further moves out of these contracts”. Once again our expectations were met precisely as FB continued to tumble, and extended our possible gains to an astonishing level.
Weeklies:
$113 Puts – Trading Range: 1.85-9.60 – Max Gain: 419%
$112 Puts – Trading Range: 1.27-8.79 – Max Gain: 592%
$111 Puts – Trading Range: .93-7.70 – Max Gain: 728%
$110 Puts – Trading Range: .47-6.80 – Max Gain: 1346%
02/19 Expiration:
$109 Calls– Trading Range: 1.98-6.65 – Max Gain: 236%
$108 Calls – Trading Range: 1.67-6.00 – Max Gain: 259%
$107 Calls – Trading Range: 1.27-5.31 – Max Gain: 318%
$106 Calls – Trading Range: .99-4.70 – Max Gain: 375%
$105 Calls – Trading Range: .91-4.10 – Max Gain: 351%
In terms of the February 19th Puts we signaled, we are once again reiterating our interest as we expect the gains to continue piling up as FB looks to be in line for another rough outing. We explain our reasoning for this in the following chart snapshot.
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As a bonus idea on Friday we also included a wide range of Weekly LNKD Puts ($140-125’s) and every single contract offered up the shot at big single-session profits. They yielded gains running anywhere from 116% to a highly impressive 1671%
Extended Watchlist:
GTHP, AMBS, WOFA, GMUI, AGTK, FOLD