Tag: MMMM

VYST Recap, Fresh Targets

Sintx Technologies, Inc. SINT

With the earnings calendar for today essentially empty, we have to switch tactics and search out some other type of opportunities to kick off this fresh trading week. Catching our eye early on this morning has been SINT.

The company recently reported success against the coronavirus in a controlled study of its special silicon nitride powder. This morning, the stock is gapping up in a big way, so we’re going to attempt to use this volatility to seek out swing trade opportunities with SINT.

SALT LAKE CITY, UT, June 20, 2020 (GLOBE NEWSWIRE) — SINTX Technologies, Inc. (“SINTX” or the “Company”), an original equipment manufacturer (OEM) ceramics company focused on silicon nitride and its applications, today announced that in a controlled laboratory study, the SARS-CoV-2 virus was inactivated when exposed to SINTX’s sintered silicon nitride powder. The Company expects to share additional data soon (>> View Full PR)

Varex Imaging Corp. VREX

We want to also put VREX on an extended term watch today. The stock has been beaten up severely in recent months, and is just coming off of new annual lows last week. Not only that, but there re a couple of topside gaps on the chart that need filling.

We’re going to use the options chain and signal a couple of sets of ideas. One that expires next month, and one that stretches the playing field out to November. We’re going to highlight the VREX 07/17 $15-17.50 Calls and the 11/20 $20 Calls for observation in the weeks and months ahead.

Vystar Corp. VYST

We had signaled VYST in Thursday and Friday’s premarket reports, and we are pleased to report that the stock produced a healthy two-day swing over that stretch. From Thursday’s low of .0134, VYST hit .0325 on Friday. That works out to a two session increase of 143% which occurred on volume of nearly 150 million shares!

Based off of the fact that the stock closed near its high on that increased volume, we’re going to look for a possible continuation of momentum into this week.

Extended Watchlist:
GFTX, MMMM, CXCQ, SKDI, BYFC, LCDX, BYZN, MRGE

Options Recaps, Bottom Bouncer & More

Novavax, Inc. NVAX – Recap

We would like to kick things off this morning by circling back around to an options idea we had submitted last week. We targeted the NVAX 05/22 $38-40 Calls which saw their lows on Thursday and ran into this week, posting some really nice moves.

We wanted to highlight those, potential gains, although it would appear the stock’s run is over, so we likely won’t be tracking these into expiration. The company announced a huge capital raise this morning which is not being looked upon favorably by the investment community.

At any rate, the ranges on our NVAX targets from last week into this week were as follows: 

NVAX 05/22 $38-40 Calls
$38: 3.08-20.86 (+122%)
$39: 2.67-20.00 (+246%)
$40: 2.10-20.00 (+293%)
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Fresh Ideas:
LOW Weekly $120-125 Calls
WMT 05/29 $129-130 Calls


Verastem, Inc. VSTM

This biotech isn’t coronavirus related, and we have not done a whole lot of technical trading since the crisis started, but we do like where this play is on the chart at the moment.

It had come down to hold support near a previous bottom, stringing together some higher lows and higher highs this week, and we’re going to put it on our running watchlist going forward.

Extended Watchlist:
SPOM, SBDS, DECN, MMMM,