SPDR S&P 500 (ETF) SPY – Review
As any of our regular readers can attest, we routinely use the SPY as a market analogue to trade current trends. It has been one of the top sources of big gain quick-strike trade opportunities for us over the past several years.
Yesterday morning, the fresh, and quickly expiring idea we put out was the SPY 06/15 $300-298 Puts. Our two big chances came within the seventy minutes of trading, with a couple of distinct and volatile swings in this one-session play. Each contract set made the following moves before the markets headed north for the remainder of the day:
SPY 06/15 $300-298 Puts
$300: 2.91-4.34 (+49%) | 1.46-2.31 (+58%)
$299: 2.41-3.73 (+55%) 1.15-1.87 (+63%)
$298: 1.97-3.12 (+58%) | .87-1.56 (+79%)
Fresh Options Ideas:
TJX Weekly $54-55.50 Calls
FLEX Weekly $10-10.50 Calls
FLEX 07/24 $11-12.50 Calls
HYSR, OPTI, CELZ, IGEN, BYRN,
Penny Stock Recaps
Despite being primarily focused on quick-strike options these days we still get back to our penny stock roots every now and again, most often via our Extended Watchlists, and in our daily traders chats on Skype (open to all our readers, send contact request to “stocksumo”).
We’ve had a few solid movers in those categories that we wanted to highlight this morning. Here are the targets and the moves they’ve made subsequent to appearing in our morning reports.
Transportation and Logistics Systems Inc. TLSS
Alerted: April 16th
SPO Global Inc. SPOM
Alerted: March 5th
Simulatus Corp. SIML – This one we caught in our traders chat in the premarket yesterday and it posted a huge move on the day. The stock ended up trading from a low of .0074 to .023, marking total gains of up to 211%
Fresh Options Ideas:
EXPE Weekly $80-82 Calls
BJ 06/19 $30 Calls
TJX 06/19 $52.50-55 Calls
Palo Alto Networks, Inc. PANW – Update
In addition to the PANW Weekly $240-235 Puts we highlighted on Monday, yesterday we cast an even wider net in modifying our strike area to include the $210-200 Puts.
Thanks to the 3rd biggest single-session loss in DOW history, we’ve got all new highs on each and every contract we’ve been tracking.
PANW Weekly $240-235 Puts
$240: 10.11-43.37 (+329%)
$237.50: 8.85-41.61 (+370%)
$235: 7.75-43.00 (+455%)
$210: 8.65-16.50 (+91%)
$207.50: 6.06-14.52 (+140%)
$205: 5.02-12.15 (+142%)
$200: 2.08-8.75 (+321%)
TJX Weekly $62.50-65 Calls
LOW Weekly $119-121 Calls
Genprex, Inc. GNPX
Our regular readers should recall our recent coverage of GNPX, which we initially slated for observation in our report on on January 6th, when the stock was trading for a little as .29. We were recently commenting on its incredible performance just last week.
Despite some of the worst days for the market in its history, GNPX has managed to set new highs once again, yesterday reaching 7.03. From our observed low of less than two months ago, that represents an a stellar overall increase of 2324%
iQSTEL, Inc. IQST
We also wanted to relay the new high set by IQST, which we had just signaled on Monday morning, and updated readers on yesterday morning. From our low of .1483, the stock soared to .5174, registering as a total two-day gain of 249%
IQST also has news out today, so we’ll keep it on our radar jedhbdhuj