Fresh Options Idea:
Speaking of the market sell-off, it appears as if we may experience a dead-cat bounce today, and we will will have some SPY ideas ready for that possibility. We’ll track the
SPY Weekly $287-288.50 Calls to kick things off this week.
PaperFree Medical Solutions, Inc. PFMSWe also want to provide a brief recap of a solid OTC call we had from earlier last week. We placed PFMS on watch in our premarket report on Tuesday, and the stock has posted quite a move over the ensuing four sessions.
From a low of .0029 on Tuesday, PFMS shot up to a new high of .0071 on Friday, marking an impressive intraweek swing of 145% With that kind of momentum, we’ll be sure to keep its slot on our watchlists reserved as we kick off another trading week.
We have been hot on the trail of PCTL for nearly a month now, and the progress this OTC play has made in that time span has been extraordinarily impressive. Shortly following our original alert from 07/22, we would observe a low of .0085 in PCTL. It didn’t take long for the stock to break out of subpenny territory, and the gains it has piled on following that have been huge.
Yesterday, the stock continued to streak into blue skies as it registered a new high of .0416, which represents an overall increase of 389% over our observed low!
SPDR S&P500 (ETF) SPY – Recap
We offered up some SPY calls for observation to kick off the week in yesterday morning’s premarket report, and those got off to a solid start. Our targets were the SPY Weekly $290.50-291.50 Calls
and we’re happy to report that intraday multi-bag gains were there for the the taking.
This was as the rebound from last Wednesday’s bloodbath continued, and the markets persisted in their recovery.
The total single-session moves and total possible profits were as follows:
$38.50 Calls – Range: 1.20-2.50 – Max Gain: 108% $39 Calls – Range: .94-2.14 – Max Gain: 128% $39.50 Calls – Range: .64-1.61 – Max Gain: 152%