S&P 500 ETF Trust (SPY) – Recap
Our main winner from Friday morning’s premarket report was our idea for the SPY. The markets saw an early rip out of the gate before pulling back, running once again, and eventually tapering off into the close.
As a result of the activity we observed, our designated contract sets experienced two separate and significant surges on the day. Here are the total possible gains afforded by the moves that occurred:
SPY 07/02 $313-314 Calls
$313: 1.88-4.22 (+47%) | .67-1.55 (+47%)
$314: 1.28-2.10 (+49%) | .36-.77 (+47%)
Other Recent Winners:
Plug Power Inc. PLUG – We also want to begin this fresh trading week by re-highlighting PLUG, which we most recently talked about on June 24th. Subsequent to that report, the stock traded for as little as 6.91 a share, and on Friday the stock attained a new high of 9.65. This morning in the premarket we’ve seen shares change hands for 10.09.
That puts our total observed increase on PLUG in under two weeks at a respectable 46% and warrants further attention going forward.
____
Overstock.com Inc. OSTK – Another recent performer we’ve been hot on the trail of is OSTK, which we mentioned quite a bit back in May. Since then, OSTK has done little else other than climb its way to new highs week after week.
When we first alerted on OSTK it was trading at 15.45, and to close out the short week on Thursday, the stock had hit 39.38. That works out to a 2-month upswing of 155%
Extended Watchlist:
UBER, BA, UONEK, DUK, LMFA BLDP, FCEL, NIO, BLNK