Tuesday’s Runners, Four Fresh Ideas

Tuesday’s Solid Options Gainers:

We were fairly light on earnings reporters yesterday morning, and not much was jumping out to us during our morning scans. This resulting in our only setting forth potential ideas for two options chains. That being said, we did see the opportunity for some very nice intraday profits with both of those ideas.

The newly presented targets in our premarket report were the GFS 11/18 $60 Calls, and the DD Weekly $62-64 Calls. Despite the longer period prior to expiration, it was the GFS Calls for next week that blasted off and provided us with a huge multibag gain chance.

GFS 11/18 $60 Calls
$60:
 1.00-4.20 (+320%)
_____

DD Weekly $62-64 Calls
$62: 3.30-5.62 (+70%)
$63: 2.64-4.67 (+77%)
$64: 1.80-3.50 (+94%)


Fresh Options Ideas:

TTD Weekly $46.50-48 Calls
META Weekly $99-101 Calls
DIS Weekly $95-92 Puts
RBLX Weekly $35-33 Puts 


Extended Watchlist:
ATLX, MACK, FORZ, GMNI, BRLL, NRBO, MULN, KOLD, KALA, ARRY

Blue Horseshoe Stocks: GIGL Explodes & More

Giggles N’ Hugs, Inc. GIGL

We were exceptionally pleased with the performance of GIGL after including it in Friday’s premarket report, and our timing really couldn’t have been any better. The stock had been trading sideways for months, without so much as a spike, yet it still broke out for a monstrous single-session move.

GIGL traded up from an early low of .0053, smashed through the penny barrier, and hurtled its way to an impressive high of .024. That worked out to an intraday push of 353% and it came on record volume.

For those reasons, we’ll certainly be ready to continue monitoring the activity in this play. We’ll of course allow for the possibility of some course correction, but the odds of seeing either a continued increase, or a dip-and-rip scenario, seem reasonably high at this point.


LIG Assets, Inc. LIGA

We also got a pretty good performance out of LIGA, which was another inclusion from Friday’s report. The move didn’t quite rise to the magnitude of the aforementioned stock, it did attain double-bagger status with a significant gain opportunity.

From a low of .001, we watched as LIGA shot to a high of .0022 inside of the first two hours of trading. That was good for quick gains of up to 120%    Perhaps just as importantly, the stock maintained more than half of its daily advance, so we’ll be keeping an eye peeled in sessions to come.


Merrimack Pharmaceuticals, Inc. MACK

We also want to draw attention to MACK this morning, a stock that we haven’t visited in quite some time. Following the establishment of a new 52-week (and indeed, a three year) low on Friday, a bombshell development hit wires this morning and is really causing a stir.

PPS has increased considerably in premarket trading as the company announced that it has sold a pancreatic cancer drug, among other assets, for a cool billion dollars. (>>View PR)

Whenever a major catalytic event such as this transpires, we always like to monitor the situation on the tail end. Hypothetically, a return to its pricing from around this time last year, from this point, would carry a gain of around 100%


Extended Watchlist:
ACNV, GEVO, DRYS,TLOG, SINO, DCIX,

Blue Horseshoe Stocks: MACK, RITT, BIGG & More


Merrimack Pharmaceuticals, Inc. MACK

We’ve got MACK, a play that has been on our watchlist before, bringing itself to the forefront today as news about a licensing agreement has the stock gapping up to the tune of 20% in the premarket. We’re going to be interested to see how it comes out of the gate this morning in response to the announcement.

Baxter International Inc. (BAX) and Merrimack Pharmaceuticals, Inc. (MACK) today jointly announced an exclusive license and collaboration agreement for the development and commercialization of MM-398 >>> GO TO PR


RiT Technologies, Inc. RITT

Another gapper, RITT is also up significantly in premarket trading this morning. The stock had a strong session yesterday, trading in a range from 1.28 – 1.97 on exceedingly heavy volume; more than ten times the monthly average, so we are looking at it for potential momentum carryover into today.

Given the nature of the yesterday’s activity, we could also be looking at a possible dip-and-rip scenario as inevitable profit-taking pares back the share price.


Big Tree Group, Inc. BIGG

BIGG was actually passed along to us awhile back by one of our subscribers. (Readers should feel encouraged to share any ideas you might have with us!) Since then we’ve had the stock on the back burner, passively following along until it was ripe for the picking. We began to see some positive movement off of the bottom yesterday, so we think now could be a good time to flag this play for more intensive monitoring.


Added Note – Options Trading Idea

GTLS was the subject of a buyout rumor yesterday, which effected some upwad movement in the stock. As a result we just want to radar the October $65 Calls, which last traded at 1.50.


Extended Watchlist:
LPCN, ICLD, BBRY, BBBY, SINO