Tag: UNDR

Wrapping Up a Solid Short Trading Week

Options Updates:

We have been tracking a number of options ideas with a June 18th expiration over the past week. Yesterday morning, we signaled interest in the ESTC 06/18 $125-135 Calls, and those went on to put up a nice performance on the day.

It was in Monday morning’s premarket report that we added CAN 06/18 $7.50-10.00 Calls, and we added some gains to our observed totals yesterday as the stock set a new high on the day.

ESTC 06/18 $125-135 Calls
$125: 4.95-7.60 (+54%)
$130: 2.90-4.60 (+59%)
$135: 1.20-2.85 (+137%)
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CAN 06/18 $7.50-10.00 Calls
$7.50: 1.71-4.15 (+143%)
$10: .60-2.17 (+262%)

We have had some excellent success in our options speculation of late, and will continue to keep watch over all the June 18th targets we have designated, as well as keeping our eyes peeled for further quick-strike opportunities.

Fresh Options Ideas:
LULU Weekly $317.50-322.50 Calls*
DOCU Weekly $205-210 Calls*
MDB Weekly $280-287.50 Calls*

*Please be advised that trading ‘weekly’ options contracts on a Friday carries an elevated risk, and should only be attempted by seasoned traders!

Extended Watchlist:
NCTY, WINT, SENS, LEDS, SLRX, AEMC, TXTM, KATX, PJET, INKW, UNDR, 

ARNA, VGHI & Today’s Extended Watchlist

Arena Pharmaceuticals, Inc. ARNA

We have been covering ARNA for quite some time, since we learned of the possibility of an FDA approval. Yesterday that became a reality, with everyone and their brother discussing ARNA’s FDA approval, including the talking heads on CNBC. Around midday, the stock was briefly halted, before the announcement was made:

“On June 27, Arena Pharmaceuticals announced that the U.S. Food and Drug Administration (FDA) has approved BELVIQ as an adjunct to a reduced-calorie diet and increased physical activity for chronic weight management in obese or overweight adult patients. BELVIQ is the first prescription weight-loss treatment approved by the FDA in 13 Years.”

Shortly following, the stock was reopened for trading, and trade it did! 90.2 million shares, over 4 times the 3mo. average, traded hands. ARNA rose to a high of 13.50. We first alerted ARNA on May 11th, after which time the stock was trading as low as 5.44. That would represent a gain of 148% to yesterday’s high of 13.50.

We feel that once the initial clamor subsides, and the volitility calms a bit, we should see a bit of a pullback, as is to be expected with most astronomical gainers. That being said, the long-term for this stock looks very promising indeed, so while the excitement should begin to die down, our interest in following ARNA moving forward will not.

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VHGI Holdings, Inc. VHGI

Monday, we stated: “On Friday the stock saw abnormally high volume coupled with the 52-week low, prompting us to put VHGI back on our watchlist in anticipation of an eventual bounce.”

It seems we came to this observation just in nick of time. The stock was as low as .055 following this alert. Since then it has seen a high of .095, equating to a gain of 73%. Those that have been with us for awhile know we are not one hit wonders in most cases when we cover a stock.

We will continue to monitor VHGI as it recovers off of its bottom, and in reality, we would not be shocked to see it return to previous support and higher. When we first covered this play, it ran from .20 to .75, and thus huge gains do not seem out of the realm of possibility for VHGI.

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Extended Watchlist:

   EBIG, EEDG, AGDY, UNDR

VGTL, MELY, FROI, UNDR, IRBL | Today’s Stock Watchlist

VGTel, Inc. VGTL

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Microelectronics Technology Co. MELY

These two plays both recently had news out, (VGTL News, MELY News) Over the past couple of days, we have seen an increase in volume on both of these stocks, as accumulation seems to have gotten underway in both cases.

As a result of the recent influx of activity, we will monitor VGTL and MELY on our watchlists, attempting to anticipate their next moves. On a side note, VGTL is also currently being promoted, just another reason to see how things play out with that one.

Fero Industries, Inc. FROI

FROI is beginning to exhibit signs of a recovery off its bottom, with a solid level of support at .008. The MACD is setting up nicely, and the RSI is above 50; right where we like to see it.

UnderSea Recovery Corporation UNDR

UNDR has been a great flipping stock since we added it to our radar.  Yesterday, it held above the 200-day moving average of .0018, precisely as like we had hoped. Moving forward we would like to see UNDR continue to hold above that 200dma.

Inrob Tech, Ltd IRBL

IRBL came up on a bunch of scanners yesterday trading much higher than average volume, as a result we are adding it to our radars. We always love a good sub-penny momentum play, and IRBL fits that category.