Ardelyx, Inc. ARDX
We selected ARDX yesterday morning for inclusion in our daily extended watchlist, and to be perfectly honest, our timing couldn’t have been much better. The stock exploded out of the gate, and despite a down day for the markets at large, ARDX bucked the trend with its biggest single session move since 2017.
The stock managed an intraday range of 3.77-5.95 which works out to a daily gain of 58% The stock ended the session with a bullish close 5.82, losing very little of its gained ground That puts it in the class of possible momentum mover, so we’ll certainly continue to keep our eyes peeled for further gain opportunities.
PVH Corp. PVH
Following an earnings beat last week for the owner of the once extremely popular Tommy Hilfiger clothing brand, PVH has been making attempts to come up off of its bottom for a few sessions. Today, we’ve spotted a $10M Form-4 buy from the CEO, and coupled with the positioning of the chart, we would like to signal an options idea for the chain.
Taking all of the current circumstances into account, we are going to be tracking the PVH 09/20 $75-85 Calls, in the days and weeks to come.
SPY Weekly 292-293.50 Calls
OPGN, MIK, PFSI, TBLT, RKDA, PFSI, PVH, KMPH,