Ocean Power Technologies, Inc. OPTT
It was June 16th when OPTT started appearing on our scans, and subsequent to that, we’ve witnessed the stock trading as low as 2.33.
The stock has really been ramping up the intensity in recent sessions, causing us to tag it on Monday (low of 5.72), and then again in yesterday’s report. OPTT had a really nice intraday performance in yesterday’s session, wherein traders could have banked up to 97% in gains as it ran from 7.94 to a new high of 15.65.
From our alert on Monday, that high represents an upswing of 174%, and from our overall observed low from last month, a PPS increase of 572% For us to stay keen on OPTT moving forward, we’ll want to see it hold at Tuesday’s swing high of 9.87 on any forthcoming pullbacks.
Microsoft Corp. MSFT – Options Update
With MSFT’s recent aquisition of LNKD and an exciting earnings beat yesterday, MSFT was causing a buzz on the Street. We honed in on some corresponding options ideas for a potential daytrading opportunity, and it unsurprisingly turned out quite well in our favor.
The specific range we highlighted was the MSFT Weekly $54.50-56.50 Calls and the total possible gains on each were as follows:
$54.50 Calls – Range: 1.16-2.31 – Max Gain: 99%
$55 Calls – Range: .76-1.86 – Max Gain: 148%
$55.50 Calls – Range: .46-1.36 – Max Gain: 196%
$56 Calls – Range: .24-.95 – Max Gain: 296%
$56.50 Calls – Range: .10-57 – Max Gain: 470%
We’ll continue to trail these contracts for the remainder of the week, as further opportunities may be present.
Fresh Options Idea:
QUALCOMM, Inc. QCOM – We’ve got an earnings beat causing this stock to move in the premarket, so we’re going to be monitoring the QCOM Weekly $58-61 Calls.
SkyPeople Fruit Juice, Inc. SPU
We placed SPU on watch on Friday, and the stock has been gaining some excellent ground this week over our observed low of 4.00 from that morning. Yesterday it hit a high of 10.13, marking a move of 153%
ARPJ, BETS, KGNX, NWCI, KNDI, ZAGG, BLDP