FRESH OPTIONS IDEAS
Seagate Technologies plc. STX -We’re interested in the situation with STX this morning after the company impressed with its post-market earnings report yesterday. Expectations were exceeded for revenues and earnings-per-share, while a bullish outlook for the remainder of 2017 was provided.
Our first inclination here would be to place the STX Weekly $41-43.50 Calls on watch for the rest of the week in an attempt to ride the wave of enthusiasm for the company’s impressive quarterly figures.
General Electric Co. GE – GE showed signed of a possible reversal yesterday as it began to rebound off of the precipitous decline effected by Friday’s underwhelming earnings report.
The stock perhaps over-corrected with its PPS loss of more than a dollar between Friday and Monday, and we’re interested in potentially hitching a ride with some extended-term options calls. Provided the stock doesn’t fall further than the $30-mark on any pullbacks, we’ll be tracking the GE 03/03 $30-31.50 Calls.
Heron Therapeutics, Inc. HRTX – Form-4 Alert
We always glance at the chart of a play for which there are insider buys of a significant nature, and that’s just how we’d classify the Form-4 that came in on HRTX late last week.
Director Kevin Tang executed an order for nearly $30M worth of HRTX stock at the stock’s 52-week low of 12.20, per the filing (>>View Here).
We’ll be very interested to see if that indeed was the bottom on this play, which has a relatively recent track record of making volatile swings to more than $20.
Added Note: Puration, Inc. PURA
We also want to provide a quick update as to the progress of PURA, which we initially signaled on Thursday the 12th, subsequently witnessing a low of .03.
Yesterday, despite tapering back slightly into the close, the stock did achieve new highs for us, reaching as much as .094 during the session, a new 52-week high. It extended our observed range on the play in just a few week’s time to an impressive 213%
AGTK, PPCH, SHOM, ALKM