Solid Penny Runners
In yesterday morning’s premarket report, we generated an extended watchlist comprised solely of OTC-traded penny stocks. What happened was a really good example of why we don’t cover only the big boards and options plays. We keep our offerings as diverse as we can and simply follow where good opportunities lead.
Several of the stocks we tagged for observation produced very nice intraday moves and potential gains for us, which were as follows:
Ozop Energy Solutions, Inc. OZSC
Intraday Range: .0131-.03
Potential Gain: 129%
Defense Technologies International Corp. DTII
Intraday Range: .0176-.0312
Potential Gain: 77%
Sun Pacific Holding Corp. SNPW
Intraday Range: .0022-.003
Potential Gain: 36%
Hop-On Inc. HPNN
Intraday Range: .0017-.003
Potential Gain: 76%
Alternet Systems, Inc. ALYI (Initially Called on Thursday)
Intraday Range: .0152-.0375
Potential Gain: 147%
Fresh Options Ideas:
HHC 02/19 $80-90 Calls
FUBO 02/12 $33.54-35 Calls
ACI Weekly $17.50 Calls
VOXX Weekly $17.50-22.50 Calls
NXGB, ATVK, AABB, OPTI, ENZC, TSCRF, WNDW,
Yesterday morning, our primary order of business was to continue our commitment to bringing our readers as many solid quick-strike options ideas as we can. Not surprisingly, we were able to see some very nice opportunities in our designated targets.
Despite a mixed bag of bears and bulls, the volatile intraday swinging action of the markets made it possible to jump on big gains for each of them. Here were our top plays for the day and the total potential gains which could have been achieved.
SPY Weekly $244-242 Puts
$244: 1.30-2.89 (+122%)
$243: 1.08-2.49 (+131%)
$242.50: 1.04-2.37 (+128%)
$242: .97-2.19 (+126%)
KMX Weekly $50-55 Calls
$55: .50-3.90 (+680%)
$50: .30-2.03 (+577%)
Howard Hughes Corp. HHC – Fresh Options Idea
We want to place some options in the HHC chain on longer-term watch today after noticing some massive institutional insider buying that has come in near the stock’s recent lows, to the tune of $500M. You don’t sink those kind of funds into a stock unless you are supremely confident that its present level of support is rock solid. We are going to begin tracking the HHC 07/17 $50-60 Calls as a result.
BIEI, TPTW, MSTO, USRM, SPOM, AYTU
Kodiak Sciences, Inc. KOD
To kick off the trading week on Monday, we included a mention of KOD in Monday’s premarket extended watchlist. On Tuesday morning, we updated reader on the amazing run the stock made from 35.00 to a high of 72.97 (+108%).
Yesterday’s session saw a pullback from those highs followed by another highly impressive intraday swing. The stock traded in a range from a low of 53.00 to a subsequent new high of 74.50. That’s another huge daily upswing to the tune of 41% and a total increase over Monday’s low of 113%
Workday Inc. WDAY – Options Update
We had highlighted some WDAY Puts in yesterday’s premarket report, the WDAY Weekly $167.50-165 Puts, and despite the stock closing in the green, it had some trouble early on that led to some nice multi-bag gain opportunities.
The $167.50 Puts ran from a low of 2.25 and reached 5.93 for a gain of 164%, while the $165’s traded in a range from 1.50-4.10, an upswing of 173%
Fresh Options Ideas:
DG Weekly $155-160 Calls
FIVE Weekly $124-126 Calls
HHC 01/17 $120-125 Calls
ARDX, ACAD, IBIO, NVGT, VRNT, DLTH, BIMI, BNGO,