Social Detention, Inc. SODE
Our first order of business this morning is to return to SODE, a stock we recently published a special report on a little under two weeks ago. Immediately following that, we would observe a low of .10 in the stock, which has given way to a very respectable move since then.
Yesterday in a surge of price action and volume, SODE achieved a new high of .153, marking a 53% move in just a shade over a week. We’re going to want to maintain our watch over this play and look for it to establish higher highs and higher lows, continuing this current uptrend.
The TJX Companies, Inc. TJX – Recap
Yesterday in the premarket we reported some excellent progress with the TJX options ideas we presented in our report from May 22nd, the TJX 06/15 $85-90 Calls.
Based on the big move the stock itself made thereafter during yesterday’s session, we have to revisit our ideas again to provide the impressive new highs that were attained, along with our total possible gains so far.
$85 Calls – Range: 2.14-7.86 – Max Gain: 267%
$87.50 Calls – Range: .90-5.56 – Max Gain: 517%
$90 Calls – Range: .35-3.14 – Max Gain: 797%
Advanced Micro Devices, Inc. AMD
Speaking of solid calls, we made one on AMD, tagging the stock for observation in our report from April 26th. The move it has made since then is awe-inspiring- after having traded for as little as 10.61 on that day, the stock hasn’t looked back during what has been a month-long bullish surge.
Yesterday, AMD reached a new 52-week high of 14.98, which registers as a highly respectable increase of 41% in just under five weeks.
The stock has been in blue sky breakout mode for the past two sessions now, so it’s going to be very interesting to see where its path takes it from here. There may even be a dip and rip opportunity at some point as profit takers enter the mix, so we’ll want to stay light on our feet.
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