Tag: NVCR

Big Options Gainers, New Earnings Plays

Huge SPY Gains & More: 

Yesterday’s trading session was one of extremes. The markets gapped up before dipping early, and running into the Fed meeting, after which there was another precipitous drop-off followed by a late day run into the close. It was a choppy and exciting session, and that late rally pushed the SPY Calls we highlighted in our premarket report to some major league moves.

Those potential plays were the SPY 01/04 $382-383 Calls, and we got some decent intraday push from our other set of targets, the SGH 01/20 $15-17.50 Calls as well. Here were the intraday ranges and total possible gains to be had for both ideas, as well as some new highs on the PLAY 01/20 $35-36 Calls we’ve been on since December 20th:

SPY 01/04 $382-383 Calls
$382: .17-2.24 (+1218%)
$383: .04-.99 (+2375%)
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SGH 01/20 $15-17.50 Calls
$15: 1.05-1.55 (+48%)
$17.50: .15-.30 (+100%)
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PLAY 01/20 $35-36 Calls
$35: 1.03-2.79 (+171%)
$36: .72-2.11 (+193%)

Fresh Options Ideas:
NEOG Weekly $15.50-16.50 Calls
CAG Weekly $39-40 Calls
STZ Weekly $227.50-222.50 Puts
WBA Weekly $36.50-35.50 Puts

Kala Pharmaceuticals, Inc. KALA – Recap:

We have been tracking KALA since first alerting the stock in our report from last Wednesday morning, subsequent to which time, we would observe a low of 6.00. It has been a constant flow of new highs since then, and yesterday, KALA reached an incredible 56.72, which works out to an increase of 845% over the lows from last week.

Extended Watchlist:
HKD, VYNT, NVCR, ORTX, RKLY, BLPH, CORZQ, NLST, ETCG, ICNM, SMME, REII

Blue Horseshoe Stocks: Multiple Updates

JB Hunt Transport Services, Inc. JBHT

The most interesting options trading candidate we are seeing from the pool of un-traded upon earnings reporters is JBHT, which dropped an extremely solid quarterly in the post-market yesterday. The company beat on earnings, year-over-year revenue, and bested expectations on guidance as well.

We are going to track a pair of contracts, the JBHT Weekly $95-100 Calls to try to take advantage of the resulting activity.
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CORRECTION: Reviewing Friday’s Winners:

Yesterday, through a small error, our newsletters went out without the proper figures for our options ideas on Friday. Here are the correct gain totals.

SPDR S&P500 (ETF) SPY Weekly $299-300 Calls
$299 Calls – Range: .67-1.75 – Max Gain: 161%
$299.50 Calls – Range: .34-1.20 – Max Gain: 252%
$300 Calls – Range: .13-.75 – Max Gain: 477%

Cigna Corp. CI Weekly $167.50-175 Calls
$172.50 Calls – Range: 1.26-4.30 – Max Gain: 241%
$175 Calls – Range: 3.70-6.55 – Max Gain: 77%

American Electric Technologies, Inc. AETI

We try to keep running tabs on everything we mention in our daily reports, and in AETI we have a stock that we tagged for observation at the end of May. In the seven ensuing weeks, the stock has more than doubled.

We observed a low of .60 in AETI subsequent to our initial alert and the stock managed to register a new high of 1.45. That works out to an overall rise of 142% and was good for the #2 spot on the NASDAQ gainers list for the day. If it can break previous resistance at 1.61, it will officially be in blue sky territory.

Tautachrome, Inc. TTCM

Our OTC play from yesterday morning was indeed a runner. The stock made an intraday move from a low of .0103-.0197, which marks a 91% gain on what amounted to more than five times the monthly average daily volume.

The extreme volatility here, like the options plays we select, is what makes this attractive to us as short-term traders. We’ll continue to keep an eye on TTCM for any other possible swing trade opportunities.

Taronis Technologies, Inc. TRNX

One we’ve been watching since Monday of last week is TRNX, which was trading for as little as .1832 following our most recent update.

It trended up to and closed at a high of .35 yesterday, and so far in the premarket this morning it has reached as high as .53. That’s an incredible swing of 189% inside of a week! We’ll want to see previous resistance at the 50DMA to hold as support on any pullbacks.

Extended Watchlist:
OSTK, OBLN, MARK, DSS, MLNT, BPTH, NVCR, CGIX

Blue Horseshoe Stocks: INMG Recap & More

Innovativ Media Group, Inc. INMG

On Wednesday, just a day following news that the company had acquired a property in the cannabis space, INMG impressed by running 195% from .0019 to .0056. Participants in our daily live trader’s chat had a chance to get in on those gains, as we were mentioning in Thursday’s premarket report.*

But the party was only just getting started, and Thursday’s session proved to be every bit as exhilarating. INMG traded up from its morning low of .005, and managed to crack through the penny barrier to reach a high of .012 on the day. That was good for another multi-bag intraday move of 140% and extended our total two-session observed range on INMG to a walloping 532%

The move came on more than nine times the 30-day average volume, and the stock held a penny into the close, maintaining well over half of its daily advance, so we’ll be very interested to see how that head of steam transfers to this new trading week after a three-day weekend.

*We encourage all of our readers to join in on our daily in-session live chats. To participate, simply create/sign into your Skype account and send a contact request to ‘stocksumo’.

4/20 Cannabis Watchlist

We’re heading into 4/20 week, with the holiday coming up on Thursday. For the uninitiated, 4/20 (“Four-Twenty”) has been a marijuana counter-culture holiday for decades, and in recent years as the legal cannabis space has really taken off, it has been taken to a new level through viral marketing events, festivals, celebrations, and targeted ad campaigns.

We would expect the frequency of press releases (and with them, increased visibility) from companies operating in or around the space to rise over the course of this week. We would also expect subsequent heightened activity in many cannabis stocks. 

In accordance with these expectations, we’ll put the many cannabis stocks we track on a routine basis on even closer watch. Stocks like CBIS, OWCP, RMHB, SGDH, TRTC, and more, will be high on our watchlist this week.

Extended Watchlist:
GIGL, GSAT, HTGM, BLPH, ADPT, NVCR, SPU