Abercrombie & Fitch Co. ANF
We’ve been going heavy on the options front all week, and one of the fresh ideas we came up with for our premarket report yesterday morning, were the ANF Weekly $10 & $11 Calls.
Despite posted losses on their earnings report, they still beat the expectation, and the move the stock made facilitated some pretty nice gains in our highlighted contracts. The $10 Calls traded in a range from .60 up to 1.48 for a 146% rip, while the $11 Calls ran hard from .11 to .53, marking a stellar move of 382%
We’re seeing another premarket push this morning, so we’ll definitely want to continue to track the activity* here as we close out another trading week.
* We don’t include mentions of weekly options contracts on a Friday without explicitly warning our readers every single time. Trading weekly options at the end of the week is an exceedingly risky proposition that should never be attempted by beginning or novice traders!
MoSys, Inc. MOSY
We included a mention of MOSY in yesterday morning premarket report, and while it didn’t necessarily produce a blockbuster run, its intraday performance was respectable.
We saw the stock trade up from an early low of 1.06 and reach 1.35, which comes out to a modest 27% rise. It did so on volume to the tune of more than 14X the monthly average.
RTNB, KMDA, DMTX, XOMA, GPRO, CDNA, BSTG
Pleasant Kids, Inc. PLKD
PLKD has been a subject of discussion for us over the course of this month. Within the past couple of weeks we’ve tracked it as it went on a run from .06-.14, a 133% swing in a matter of five sessions. Following that, the stock pulled back to find support at .08, and subsequently rebounded back to .11 yesterday. That’s an added spike of 37% and our signal to continue monitoring PLKD’s progress moving forward.
In addition to providing action on the chart sufficient to net sizable gains for smart traders, PLKD has had a number of positive press releases come down the line recently. This includes an acquisition agreement set to take effect at the end of November, and a recent share reduction of significant magnitude.
As usual, we’ll look to see the stock continue to register higher lows as it has over the past three sessions. We’ve also pointed to a few bullish indicators on the chart that suggest near-term upside potential:
We saw a modest move out of the gate from AAPL yesterday, which led the AAPL Weekly $114-116 Calls we were tracking to provide the chance to profit on the early dip-and-rip as we suspected.
The company’s post-market earnings report beat expectations, and as a result, AAPL is gapping up significantly in premarket trading today. This could facilitate further intraday surges in the contracts we specified, so we’ll remain hot on their trail as we head through midweek.
DNRG, HPTG, LATX, NRTI, WEST, XOMA,