EGLE, AAPL Calls & Extended Watchlist

Eagle Bulk Shipping, Inc. EGLE

EGLE appeared in yesterday’s extended watchlist after the recent release of a positive quarterly report caused a surge in both volume (more than 20X the 3mo. average) and PPS. The stock had a daily range of $4.10-5.93, offering up the chance for up to 45% in gains.

We’re keeping this one on watch for a continuation of the current run, and because of the large amount already gained over such a short period, we also want to take advantage of any bounces resulting from a subsequent pullback.

NEW YORK, May 15, 2013 /PRNewswire via COMTEX/ — Eagle Bulk Shipping Inc. (NASDAQ: EGLE) today announced its results for the first quarter ended March 31, 2013.– Net reported income of $1.4 million or $0.08 per share (based on a weighted average of 16,966,070 diluted shares outstanding for the quarter), compared with net loss of $17.4 million, or $1.11 per share, for the comparable quarter of 2012.

— Net revenues of $72.2 million, compared to $52.6 million for the comparable quarter in 2012. Gross time charter and freight revenues of $73.6 million, compared with $54.8 million for the comparable quarter of 2012.

— EBITDA, as adjusted for exceptional items under the terms of the Company’s credit agreement, was $32.5 million for the first quarter of 2013, compared with $13.8 million for the first quarter of 2012.

Apple, Inc. AAPL Options

Apple appears to be gapping up this morning, and as usual we’re looking to leverage its activity to allow us to make sizable gains trading options. Currently, we are honing in on the $435, and $440 Calls. We may even have to move our strike price up to $445, should the stock continue to exhibit the incredible momentum we saw yesterday as it traded in a range from $418.90-437.85, yielding multi-bag gains for call contract holders.

The stock has already hit a high of $441.50 pre-market, and is currrently trading above $438.

Extended Watchlist: