MYOS RENS Technology, Inc. MYOS
Easily the most solid performer that was discussed in yesterday morning’s premarket report, MYOS stole the show with everything we look for in a daily runner- an early burst that gives traders a chance at some nice intraday gains, high volume, and maintaining a good portion of the gains it makes into the close.
MYOS checked all three of those boxes yesterday, running early from its daily low of 3.61 up to a high of 5.48, which worked out to a nice 52% pop. MYOS closed at 4.72, maintaining over half of its daily advance, and did so on well over eight times the monthly average trading volume.
An all around performance like that certainly earns MYOS a continued slot on our radar screens in sessions ahead.
VanEck Vectors Gold Miners ETF (GDX)
With gold being so solid in the month of February, and indeed for most of 2017 so far, we want to rehash the idea we put forth on some GDX options and update our readers on their performance.
We initially signaled the GDX 02/10 $24-25.50 Calls in our report from January 23rd. Now set to expire on Friday, we wanted to circle back and remind our members of the kind of gains that could have been secured with this idea.
Here’s what they’ve done so far, and with gold continuing its climb, we can’t rule out seeing these upward trading range extended even further between now and the end of the week:
$24 Calls – Range: .32-1.46 – Max Gain: 356%
$24.50 Calls – Range: .19-1.05 – Max Gain: 453%
$25 Calls – Range: .11-.67 – Max Gain: 509%
$25.50 Calls – Range: .06-.39 – Max Gain: 550%
Direxion Daily Gold Miners Bull 3X ETF (NUGT) - Another gold analog we’ve got a history with is NUGT, so we’re also going to highlight some contracts that have some potential here as well. Being a triple-leveraged fund, the activity in NUGT resembles that of GDX, but the magnitude of the percentage gains it has made on its chart over the same period are notably higher.
Should the massive gold rally maintain its trend, we could be looking at some serious moves in the NUGT Weekly $13-14 Calls, so that’s where we’ll set our sights with this one.
BTSC, NWPN, SOUM, SDVI, FNHI, CTSH
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