Options Recaps
Here are the figures on the trading ranges and total possible gains from our fresh options ideas in yesterday morning’s premarket report. Unsurprisingly, we had access to some solid single session gains on the day.
Today the market is ripping because of China’s banks pumping billions into their own markets, and the SPY gains below should be dramatically intensified at the open this morning!
SPY Weekly $323-324 Calls
$323: 3.30-4.82 (+46%)
$324: 2.71-4.16 (+54%)
ACM 02/20 $50-47.50 Puts
$50: 2.20-3.10 (+41%)
$47.50: 1.05-1.35 (+29%)
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Fresh Ideas:
BP Weekly $35.50-37 Calls
RL Weekly $119-122 Calls
Vaxart Inc. VXRT
We began tracking VXRT in Friday morning’s report, wherein we provided a link to the company’s coronavirus related news, After two consecutive, and equally strong performances, the stock has made a quite a bit of progress for us.
From our observed low of .956 on Friday morning, VXRT went on to hit a high of 1.83 yesterday, registering as a two-day upswing of 91% With the coronavirus death toll rising daily, we’re going to continue to look out for this, and any other related opportunities we can get our hands on, as fear is often a powerful motivator.
Global Consortium Inc. GCGX
We do still occasionally throw a subpenny OTC play into the mix when it’s warranted, and such was the case for GCGX, another play we signaled interest in on Friday morning. The stock has produced a solid two-day move.
From a low of .0032, GCGX ran up to .0059 yesterday, marking an overall swing of 84% We’ll keep this one on the radar as well.