Petroleo Brasiliero SA (Petrobras) PBR – Options
After quite some time away from the stock, we revisited PBR in yesterday’s premarket report, and the timing was certainly fortuitous. In the past we had grown quite accustomed to the PBR options chain providing us with chances for quick-strike profits, and it appears some things don’t change.
We made our primary focus the PBR Weekly $5.00 and $5.50 Calls with attention also going the $6 Calls if PBR broke above 5.75, which it did for a brief time. In every case, the opportunity for sizable gains in the first hour of trading was present.
The $5 Calls ran 42% from .55-.78. The $5.50′s went from .20-.36, marking an 80% pop, and the $6′s made the most notable move, running 175% from .04-.11.
We’re going to keep a continuous eye on these contracts leading right up to their expiration tomorrow afternoon.
Propanc Health Group Corp. PPCH
As we were just mentioning in yesterday’s report, PPCH has been on quite a tear since we tagged the stock in Friday’s extended watchlist. Our observed low from that afternoon was .0276.
The stock has set higher highs and higher lows every single day this week, and yesterday would go on to break a nickel. At its PPS high of .052, it marked an 88% swing from Friday’s low. We’ll keep PPCH on our radars as long as it maintains support above a previous area of resistance around .04.
Compugen Ltd. PUGE
We also want to take a brief moment to point out the nice move made by another recent mention of ours. PUGE appeared in our extended watchlist on Tuesday, and has turned in a respectable two-session performance since that time.
The stock recorded a low of .006 on Tuesday, and yesterday it cracked the penny barrier, registering a high of .0105; a 75% session-over-session swing.
Axion Power International, Inc. AXPW
We’ve covered AXPW numerous times in the past, and after taking a look at the current setup of the chart, we’re going to begin watching it more intently in the sessions to come. Yesterday the stock was trading just .08 above its 52-week low, and it appears as if a rebound could be in the cards.
HMLA, RDSH, TPIV,