Intel Corp. INTC
On Friday morning, we saw serious potential in the INTC options chain following the company’s earning beat. They posted solid figures, but some were concerned over the possible security flaws prsent in the company’s new chips. Those fears were shrugged off with ease, as the stock took off for what ultimately turned out to be an exceptionally bullish session.
The move INTC made allowed for the chance at some really nice intraday profits in each of the three contracts we designated in Friday morning’s report, the INTC Weekly $47.50-48.50 Calls.
$47.50 Calls – Range: .75-2.50 – Max Gain: 233%
$48 Calls – Range: .43-1.99 – Max Gain: 362%
$48.50 Calls – Range: .25-1.50 – Max Gain: 500%
Ballard Power Systems, Inc. BLDP – Bottom-Watch
We’re always looking for a good bottom play, and one may be getting ready to present itself in the near future on BLDP. We want to place the stock on intensive bottom-watch in coming sessions, after it appears that BLDP has been the target of manipulative short-seller tactics, including a very likely erroneous class action ‘investigation’ and suit by multiple law firms. We see this type of thing all the time, and very seldom does anything come of such a situation.
What we do have is a stock that has been severely abused, beaten back to a previous multiple bottom of strong support. In a PR published today, the company has refuted the claims of its accusers, while adding that it expects to report record financials for fiscal 2017 presently. (>>View PR)
We’ll be sure to monitor BLDP for a bottom bounce which should be forthcoming at any time, and the subsequent rebound to follow, which could bring us a shot at considerable gains from current levels.
Side Note: We also want to radar Plug Power, Inc. PLUG, as it tends to trade very similarly to BLDP. We’ve traditionally looked at these plays in tandem, so we’ll keep watch over PLUG as well as it comes down to find its own bottom.
Extended Watchlist:
AVP, CHFS, IMNR, IGC, IOVA, MNKD, NCTY