Options, OTC Updates

Options Reviews:

Despite a poor start to the day. the fresh options ideas we formulated for yesterday morning’s premarket report surged late in the session. The markets caught a momentary respite from the day’s losses leading up to the Fed meeting.

Here were the intraday gains posted by the targets we were tracking as the market spike occurred in the mid-afternoon:

SPY Weekly $321-323 Calls
$321: 1.41-3.50 (+148%)
$321.50: 1.85-3.47 (+88%)
$322: 1.69-2.93 (+73%)
$322.50: 1.51-2.65 (+75%)
$323: 1.33-2.40 (+80%)
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AMC Weekly $6-6.50 Calls
$6: .57-.93 (+63%)
$6.50: .35-.60 (+71%)
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Fresh Ideas:
ADBE $397.50-402.50 Calls
LULU Weekly $315-225 Calls 


OTC Recaps:

Bantek, Inc. BANT  – We had also recently signaled interest in BANT via our extended watchlist on June 1st. We’ve been including a lot more coverage of random OTC plays, and the success with those speculations has continued at a good pace.

Over the eight-session period that we’ve had it in our sights, BANT has traded up from a low of .0031, and went as high as .0085 yesterday. That’s an upswing amounting to 174%
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Ethema Health Corp. GRST – We tagged GRST in yesterday morning’s report, and saw a solid double-bag move there as well. The stock traded in a range from .0007-.0017, marking a 143% rip.


Extended Watchlist:
HYSR, PMCB, KBLB, DLCR, KGKG, OMID, HEXO

Back to Work! Fresh Options Ideas

Special Notice: 

Due to severe weather on the East coast earlier this week our chief editor was without power and we were unable to send out our newsletter yesterday. We apologize for that, and most of our readers know that it is very unlikely that we ever miss a beat. It was perhaps only the second trading day in our 10 year history where we were unable to publish a premarket report. We are now full operational once again, and back to business as usual!

In the meantime, we did put out some ideas in our live Skype traders chat yesterday with respect to ROKU calls and SPY calls that both worked out well. See below for instructions on how to access the live traders chatroom. Today it appears as though the markets are giving back some of the gains we saw yesterday and the week prior.


UnitedHealth Group, Inc.

UNH Is bucking the overall market trend gapping up on following an earnings release, we are going to want to pay close attention to the UNH Weekly $270-277.50 Calls  for the remainder of this week!
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Other Ideas:
SPY Weekly $280-276 Puts
C Weekly $45-43 Puts
BAC Weekly $24-22.50 Puts


 Added Note: 

We have been seeing a massive boost of new subscribers in recent weeks, with more people at home, and still more who are simply trying to maximize their trading opportunities during this difficult time. Regardless of your reasoning for joining our ranks, we would like to offer you a big ‘Welcome to the Family’, and encourage all newcomers to take advantage of our live daily traders chats on Skype (Send contact request to “stocksumo”) 


Extended  Watchlist:
NMHLY, CGOL, HYSR, PALAF, AGTK, GCEI, GLUC, EMMA

Blue Horseshoe Stocks: Bottom-Plays, NGBL Recap & More

Notis Global, Inc. NGBL

On an otherwise slow day, we were able to see a nice intraday move out of NGBL after including it in yesterday morning’s premarket watchlist.

This stock went from super-subpenny to subpenny territory, trading up in a daily range from .0009 to a high of .0015. That worked out to an intraday rip of 66% and it occurred on trading volume that exceeded the monthly average by roughly 75%

The stock tapered back to close at .0011, so it didn’t manage to hold at least half of its daily advance, but we’ll still remain interested in monitoring its activity provided it can hold support at or above yesterday’s swing-low on any pullbacks.


Oroplata Resources, Inc. ORRP

We also want to circle back to ORRP for an update this morning, following yet another solid intraday performance from the stock.

We  signaled this play for observation on both Monday and Tuesday, observing an overall low of .265. The stock has made higher highs and higher lows each day since, and yesterday it ran from a morning low of .355 to a new high of .50, a 41% pop.

From our initial low we witnessed at the beginning of the week, we’ve now seen ORRP make a total increase of 89% We’ll continue to have it on watch for the possibility of a sustained uptrend.


Enphase Energy, Inc. ENPH

We want to place ENPH on bottom-watch this morning after the events of the past few days have seen the stock coming off of a newly-recorded 52-week low.

There was a major selloff that resulted in a large gap on the chart, as you can see on the snapshot below, which was catalyzed by the company’s recent 13 million-share public offering. Since then the stock has been hovering around the level where the offering was transacted (1.20), but we’re going to want to keep it on watch for a recovery.

There has also been some recent insider buying in the stock, something for which we’re always on the lookout. All these factors, coupled with an oversold stock, make ENPH one that we’re going to be watching carefully in coming sessions.


OWC Pharmaceutical Research Corp. OWCP

We’ve got another possible subpenny bottom-play hitting the scanner this morning in OWCP. We’ve pointed out the various signals on the chart below, and will be monitoring the situation as we head into week’s end.

Regaining even half of its PPS levels of less than a month ago, would mean gains of at least 150% from the current share price.


Extended Watchlist:
CNAB, ELED, YIPI, HYSR, CHRO, TTCM