SPY Options Recap
The SPY options we were targeting last week ended up enacting some of the most astronomical moves we’ve ever seen on Friday as the markets underwent the largest single-session red-to-green reversal in the past 4 years! We had already tracked multi-bag moves in the SPY Weekly $191.50-193 Calls which we originally signaled on Thursday, though they were mere drops in the bucket compared to the tremendous action exhibited to close out the week. These truly were some of the best opportunities to make windfall profits that you’re ever likely to see.
There simply aren’t enough superlatives to describe the profits that were possible. None of the following moves are misprints- this epic session most assuredly took place! Check out the breakdown of the possibilities on the contracts that we alerted just 24 hours earlier:
$191.50 Calls – Daily Range: .06-3.64 – Max Gain: 5966%
$192 Calls – Daily Range: .03-3.05 – Max Gain: 10066%
$192.50 Calls – Daily Range: .01-2.61 – Max Gain: 26000%
$193 Calls – Daily Range: .01-2.01 – Max Gain: 20000%
Premarket activity on the SPY this morning has fallen between 194.52-196.71 so we are going to adjust our strategy pertaining to the SPY accordingly. We’ll be on the lookout for a dip-and-rip within the first few hours of trading today. As the cards now lay, provided the action unfolds as anticipated, we’ll be tracking SPY Weekly $194-197 Calls to start the week. If the poor jobs numbers weren’t enough to sway the markets, very little else would be capable of doing so. Thus we are strongly inclined to believe that the bull market is still intact, and we’re due to see a carryover of Friday’s upward momentum into this week.
Energy Holdings International, Inc. EGYH
We tagged EGYH a little over a week ago on the 24th, and subsequently witnessed a nice move from a low of .0085 to .015 (+76%). Following a consolidation a new low of .0081 on Wednesday, we saw another larger spike to end the week on Friday. The stock managed to close at its high of day and new overall high of .02, which represents a 147% swing.
In order to keep our attention, EGYH will need to maintain support at or above the current 50DMA of .0084 on any pullbacks.
Clean Coal Technologies, Inc. CCTC
We enjoyed the chance at some nice multi-bag gains from CCTC recently, as we were mentioning in Tuesday’s report.
We also mentioned that for us to remain interested, we’d need to see the stock hold above the .65-.75 range. and as you can clearly see on the snapshot below, the stock has done an excellent job of that so far, earning itself continued placement on our watchlist as we kick off this fresh trading week.
Extended Watchlist:
WFRX, BCCI, SANP, FROT, NGEY, GNK(Bottom-Watch)