Petroleo Brasiliero, S.A. (Petrobras) PBR – Options
PBR continued to recover off its 52-week lows on Thursday, with the stock reaching as high as 6.79. As a result the contracts that we’ve had under observation since the Thursday prior to that, continued to see some action after being pushed further into the money.
The 05/01 PBR $6 Calls, in which we saw a low of .32, reached a closing price of .78; a 142% move. The $6.50 Calls’ run was even more impressive. Our observed low on those was .22, and on Thursday they closed at .60 (+172%). Anyone who had played the Weeklies could have been in for serious gains. The Weekly $6.50′s for example, traded in a range from .05-.28.
PBR is gapping up into the 6.90′s this morning, so we’ll be looking to roll our strike price up and begin monitoring the 05/01 and Weekly $7 Calls.
Pervasip Corp. PVSP
Despite the fact that PVSP registered a high of .0035 on Thursday, that was what we refer as a “fat-finger trade” right at the open. Not much volume really went off at that level so its inadequate to calculate the gains we have seen based off of that figure.
There was, however, good trading volume as high .0023-level. From Wednesday’s low of .0013, we were offered the chance at up to 77% in profits in a span of just 24 hours.
The gains in this play have been easy to come by thus far, and it’s going to be one that we keep a continual eye on just as long as it continues to perform well.
Northstar Global Business Services, Inc. MDIN
We initially alerted MDIN last Wednesday and on that day, the stock traded in a range from .0006 to .001, a 66% spike. On Thursday it achieved higher highs and higher lows as it ran from .0008 to .0012, offering 50% intraday gains and a 100% gain from our observed low the day before.
We want to give our readers advance notice that we will be delivering a premarket report on a new biotech stock tomorrow. It’s a sector that has been trending lately, so don’t miss out! Keep a close eye on those inboxes or schedule yourself a reminder to visit BlueHorseshoeStocks.com in the 20 minutes leading up to the open!
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