This is the stuff that penny-traders’ dreams are made of- CLNO has been an absolute powerhouse ever since we first alerted it at .0055. A mind-boggling 4972% (@ yesterday’s high) later, and we are still talking about this stock on nearly a daily basis.
Even for those of you who didn’t catch this one from the very beginning of our coverage are faring extremely well. If you just showed up to the party, from this week’s low of .10, yesterday’s .279 high represented a 179% move.
We want to congratulate anyone who has been able to make gains in any amount off of CLNO. Lately doing so has seemed like shooting fish in a barrel. We are currently in uncharted territory- every uptick we see from here is a new all-time high. As with any stock in blue sky breakout mode, we want to remain open to taking advantage of a continuance of the trend, while at the same time being on a sharp lookout for any course-corrective pullbacks, which are obviously common in such a situation.
Options Trading – SPY Calls
We’ve hit the nail on the head with every selection of SPY Calls we’ve made this week. In every instance there have been opportunities to make significant profits. Take yesterday’s report for instance. We stated that: “We are going to look at moving our strike price to $159-160, and possibly even $161 should yesterday’s trend continue.”
The $160 Calls, in the first hour of trading, went from 1.28-2.00 (+56%), then dipped as low as 1.35 before surging back to 1.82 (+35%), bringing us total intraday gains of up to 91%.
The $161 Calls went from .69-1.17 (+70%), and another move from .68-1.03 (+51%). In total that gave us a chance at gains of up to 121% intraday.
Since we’ve had so much success with SPY Calls this week, and have seen such a significant uptrend, we want to remain on alert. We could see a decrease in buying pressure in the overall markets as we head into a holiday week, which could lead to a reversal in the SPY. We would of course then be turning our focus to the $161 Puts.
Extended Watchlist:
VSUL, TWER, RENN, DNDN, ACI, MCP
