Twitter. Inc. TWTR – Options
Part of our attention this morning will be given to TWTR, and, more specifically TWTR calls, as we’re catching the stock in the midst of rebounding off of it’s lowest price point since the end of July. The stock found support just shy of the $40-mark on Tuesday and registered higher lows and higher highs during yesterday’s session.
We’ll look to take advantage of a possible continuation of the trend using the TWTR options chain. The $42 and $43 weekly calls are going to be where we look for intraweek flip opportunities, and for a longer-term swing trade idea, we’ll track the December 12th $44 calls (Last Traded: 1.45).
If TWTR can fill the remaining gap on the chart to the $47-range before 12/12 we could be looking at a 100% increase in those calls from here, so it’s going to be something we’ll pay close attention to over the next month.
ZaZa Energy Corp. ZAZA
ZAZA has us on alert this morning as well; the stock is gapping up heavily on a post-market earnings release that included some interesting figures. The company has a conference call scheduled to begin at 10:00AM EST >>> Listen In via Yahoo! Finance
ZAZA’s Q3 Highlights
- Total production of 54.8 MBOE, a year-over-year increase of 145%.
- Revenues of $2.7 million, a year-over-year increase of 144%.
- Total operating expenses declined by ~60%; G&A declined by ~30%.
- Net income of $10.1 million vs. a net loss of $20.6 million.
- Total debt declined by $7.7 million or ~8% over the past nine-months (3Q14 vs. CY13).
We’re going to be monitoring this play for an early run-up on the untraded-upon earnings report, followed by a possible dip-and-rip scenario. We’ve sniped out rapid gains on both sides of the fence in situations just like this one, just by staying extra vigilant, so ZAZA will be another interesting play to follow as we close out the week.
Extended Watchlist:
SWET, DWA, ASTI, SAND, DNDN, BAXS (Big gap-down, radar for potential bounce)