Tag: HALB

Reviewing Winning Ideas, Formulating New Ones

Johnson & Johnson JNJ

We were correct in assuming yesterday would be a good day to put some options trading ideas for Johnson & Johnson on the table. The company is now at the center of the frantic pursuit of a vaccine to eradicate the deadly COVID-19 virus. We expect we will be following its role in this endeavor to completion.

For now, while we have signaled some longer-term options as well, we’re mainly interested in the short term plays we’re tracking and the moves they began to make yesterday. We will include the modest moves made by our September calls, but would expect to have to wait for them to come into play in a more meaningful way.

JNJ Weekly $125-130 Calls
$125: 5.15-9.81 (+90%)
$126: 4.00-9.00 (+125%)
$127: 4.00-8.00 (+100%)
$128: 2.95-7.37 (+150%)
$129: 2.86-6.65 (+133%)
$130: 2.45-5.96 (+143%)

09/18 $150-155 Calls
$150: 3.50-5.00 (+43%)
$155: 2.80-3.50 (+25%)

Top Ships, Inc. TOPS 

Our chatroom call from Friday, which we highlighted in yesterday morning’s premarket report, tacked considerable gains onto our observed range after another huge bullish session. It saw a daily run from .36 to a new high of .62, which comes out to an intraday increase of 72%

From the low of .135 that TOPS saw on Friday morning when we offered it to our traders chat participants, yesterday’s new high mark represented a two-day upswing of 359% We’re seeing a significant pullback in the stock this morning, so this run has had it, but we’ll keep an eye skinned as it searches out a bottom, as a another swing to the upside may follow shortly thereafter.

Anyone who enjoys our premarket reports can also join our daily traders chats on Skype. It’s a place to get new ideas and even share some of your own in real-time throughout the course of each trading day. Send a Skype contact request to username “stocksumo” and we’ll see you there! 

Streaming Stocks 

More people are at home streaming content than ever before, and that is going to be true throughout the duration of the coronavirus crisis, which most experts agree will persist until a vaccine is successfully produced, sometime in 2021. Here are a couple of obvious players who stand to maintain solid business through this new dynamic, and some corresponding ideas.

ROKU Weekly $87.50-89 Calls
NFLX $365-372.50 Calls 

Extended Watchlist:
HALB, NSPX, ABCE, BIEI, CYDY, SPHS,

TCPS, FNMA, FMCC & Extended Watchlists

TechnoConcepts, Inc. TCPS

We called for caution on TCPS in yesterday’s report, indicating our belief that a pullback was likely to soon be upon us. Fridays are often profit-taking days, and after six straight sessions of gains (420% in total at yesterday’s high, from original alert at .0025) it’s difficult for us not to chalk this up as a win and take our hefty profits.

While there is a chance the momentum could carry over to next week, at the very least, we’ll be looking to sell half of our position to lock in our initial investment, and ride the rest of the way on the house’s money.

Fannie Mae and Freddie Mac – FNMA & FMCC

FNMA and FMCC appeared in the extended watchlist both May 15th and May 16th, and since that time, have each made sizable increases:

FNMA – Low (05/16):1.20 – Yesterday’s High: 2.20 – Gained: 83%

FMCC – Low (05/15): 1.11 – Yesterday’s High: 2.05 – Gained: 85%

Both of these have been trading copious volume, so we want to be on the lookout for a continuation of the recent uptrends. In the event of a pullback, we feel there would be significant bounce opportunity.

Solar Sector Watchlist:
It looks as if the solar plays we mentioned on Tuesday are beginning to heat up. We are going to be paying attention to this group of stocks as we head into the long weekend:

ASTI, RSOL, CSIQ, HSOL, FSLR, SCTY, JKS, LDK

Extended Watchlist:
HALB, TNP, FREE, EGLE