Options Success, Bottom Watch Play

SPY Options Review

Yesterday morning, we went bearish on the markets as a whole, signaling the SPY 09/09 $340-338 Puts for observation in our premarket report. Our hunch on the daily direction of the wind proved solid, as the contracts in our designated range produced healthy intraday runs.

Here are the moves and total possible gains we witnessed there:  

SPY 09/09 $340-338 Puts
: 3.94-7.59 (+93%)
$339: 3.30-6.78 (+105%)
$338: 2.75-6.00 (+118%)

Fresh Options Ideas: 
KOD 10/16 $45-50 Calls
LULU Weekly $340-335 Puts 

Akabia Therapeutics, Inc. AKBA

We took notice of AKBA this morning because of the intriguing setup of the chart. The company had a bad clinical report recently and fell off of an absolute cliff. We want to place this on bottom watch and observe closely over the next several sessions.

There is a massive gap to the upside that you could drive a truck through, so we’re going to be anxious to see when the stock will move to fill some of that gap.

Extended Watchlist:

More ADMQ News

ADM Endeavors Inc. ADMQ 

We are once again coming back to ADMQ to pass along the company’s fresh news from yesterday and today. We like organizations who keep their investors well-apprised, and ADMQ certainly fits that bill, with a lot of exciting developments of late.

Another OTC play, we came across this stock at just the right time, as it was coming off of its annual lows. It has been on a steady incline since then, hitting another new high of .09 yesterday. From our observed low of .032 on the heels of our ADMQ Special Report (07/22), we have now seen a rise of 181% in less than a month’s time!

We have also prepared a video chart on ADMQ that we suggest you watch now:



ADMQ CEO Acquires Shares of Common Stock on the Open Market – 08/11

ADMQ Expands on Tarrant County, Texas, Work Uniform Contract – 08/12

GalaxyNext Generation Inc. GAXY 

Our greater-than-usual covereage of the OTC Markets continues to have positive effects for us, with GAXY being the latest breakout play to come off of our extended watxchlists and go on to score multibag gains.

Following our initial alert on July 14th, we observed a low of .0025 n the stock. Yesterday, GAXY soared to a new high of .0274. That works out to a mammoth move of 996% and it came on ridiculously high volume. Cheers to anyone who was along for the ride!

Options Recaps 

We also had some fresh options ideas in yesterday morning’s report, and met with some solid movers there as well. Those targets were the MAR Weekly $93-95 Calls and the PLUG Weekly $11.50-12 Calls.

Here were the total possible gains in those plays on the day:

MAR Weekly $93-95 Calls
 2.32-5.30 (128%)
$94: 2.12-4.75 (+124%)
$95: 1.70-4.00 (135%)

PLUG Weekly $11.50-12 Calls

$200: .59-.92 (77%)
$210: .36-.65 (+81%)

Fresh Options Ideas:

Form-4 Alert, Fresh Options Plays

Nkarta, Inc. NKTX – Form-4 Alert

We took notice of an interesting new IPO this morning in NKTX. Typically we would be more interested in stocks with a long history of data to look at, but in this case a notable name is buying up shares. Mega-laboratory GlaxoSmithKline purchased a noteworthy $15M chunk of NKTX, and the newly issued stock has been in a freefall looking for support.

In our experience, we see a lot of IPO’s that sell off hard directly after their initial offering just like this one. It’s when they establish a firm bottom that the buying opportunity is at its greatest, so we are definitely going to want to keep a close watch over NKTX for that to occur. There may be a solid gain opportunity on the horizon here that we won’t want to miss.

Virgin Galactic Holdings Inc. SPCE

We highlighted some calls in SPCE last week and met with great success, to the tune of several multi-bag gain opportunites. It has continued to run this week, and so far we’ve seen a 39% move in the stock alone from 19.07-23.53.

We are interested in selecting another range of calls to monitor with SPCE faring so well, so we’re going to place the SPCE $25.50-26.50 Calls on watch for the remainder of the week.

GeoVax Labs, Inc. GOVX

We tagged GOVX in our
extended watchlist on Tuesday, and this stock has made an absolutely eye-popping move.

From its low of .62 on Tuesday, GOVX hit 1.75 yesterday, marking a total two-day upswing of 182% We’ll continue to keep an eye peeled for more activity in this highly volatile play.

Options Ideas:
KMB Weekly $145-148 Calls
DHR 08/21 $200-210 Calls 

Extended Watchlist: