Keeping an Eye on Solar
This week has brought some very interesting plays in the solar energy sector. We’ve already seen big gains from SPI Energy Inc. SPI, JinkoSolar Holdings. Inc. JKS, and SunWorks Inc. SUNW, and would like to keep our eyes peeled for other opportunities in the arena which may be boosted by the volatility in those moves.
Yesterday alone, SPI went parabolic as it popped off from a low of 3.30 and hit 46.67 for an intraday run of over 1300%, SUNW ran from .73-4.57 (+526%), and JKS continued a month long run with a solid jump from 28.30 to 33.74 (+19%).
What this all tells us, is that a lot of eyeballs are sure to be flooding the solar space in coming sessions, and we’d like to formulate an options idea in the Invesco Solar ETF (TAN), which is presently flirting with a double top, the breaking of which would put it into blue sky territory. To make things interesting, we are going to place the TAN 10/16 $54-56 Calls on watch.
Another Fresh Idea:
JEF 10/16 $17.50-20 Calls
JE, XTRM, CHNC, EVUS, BANT, DECN, BLLB, FSLR, CSIQ
Inpixon INPX – Review
On December 2nd, we included a mention of INPX in our premarket report, and after searching out its bottom for roughly week following that report, the stock reversed and has been soaring ever since.
In the exactly one month since our alert on this stock, we have now witnessed it trade in a range from a low of .037 up to yesterday’s incredible new high of .39, for an increase of 954%. Its performance was the single biggest daily gainer on the NASDAQ yesterday.
OWC Pharmaceutical Research Corp. OWCP – Update
We keeping having to come back, around to OWCP pretty much every day this week, because this bullish stock continues to set new high marks for us!
As we were just mentioning yesterday, our initial alert came in at .028 the day after Christmas, and after repeatedly setting new highs, yesterday the stock reached a very impressive .1539. That works out to an overall rise of 450% in just one week’s time.
Fresh Options Ideas:
Lamb Weston Holdings, Inc. LW 01/17 $85-90 Calls
Jefferies Financial Group, Inc. JEF 01/17 $20-22 Calls
ZN, CEI, CREG, VAL, NOG, HSDT, PDS, TRNX, ROYT