Continued Options Trading Success
Yesterday, we recapped the huge performances from the options contracts we designated for tracking in Tuesday’s premarket report, which returned the possibility of intraday gains ranging from 87-410%
Those were the GPRO Weekly $31-32.50 Calls, and the FB Weekly $90-91 Calls, and based on what we were seeing in yesterday’s premarket, we also offered our opinion as to how things could play out from that point forward.
To the folks just arriving to the party, so to speak, we suggested “waiting for the dip caused by profit-takers to ride the subsequent rebound.” The action in our observed contracts essentially transpired according to our expectations, and once again, impressive intraday profits were there for the taking.
$31 Calls – Daily Range: .39-1.12 – Max Gain: 187%
$31.50 Calls – Daily Range: .29-.85 – Max Gain: 193%
$32 Calls – Daily Range: .21-.67 – Max Gain: 219%
$32.50 Calls – Daily Range: .13-.39 – Max Gain: 200%
$90 Calls – Daily Range: .43-1.18 – Max Gain: 168%
$90.50 Calls – Daily Range: .34-.91 – Max Gain: 168%
$91 Calls – Daily Range: .22-.73 – Max Gain: 204%
In addition to the initial ranges listed above, even more added gains were technically possible, as market action allowed for secondary swings in almost every case.
The markets appear strong in early trading once again, so we’ll be approaching today’s session in much the same fashion as we have the preceding two, except today we’ll be looking to modify our strike prices according to present conditions.
New Idea:
We’ll also look at the possibility of taking advantage of SPY Weekly $191.50-193 Calls should today’s activity continue to mimic recent sessions.
Coastal Integrated Services, Inc. COLV
We included this subpenny stock on our extended watchlist yesterday, and COLV manage to record its third consecutive session of higher highs and higher lows off of its recently registered annual low (.0012).
It ran from .0024 to a daily high of .0037, which represents an intraday gain of 54%. COLV will need to continue to establish higher base levels of support in order to keep our attention going forward.
Global Equity International, Inc. GEQU
Speaking of extended watchlist plays, on Monday we tagged GEQU for tracking, and have been met with the chance for some respectable intraweek gains. The stock logged a low of .021 on Monday, and as of yesterday’s high of .036, we had witnessed a 70% increase.
The GEQU Chart appears quite overbought, but the same has been true in recent weeks and the stock has been on a continual uptrend. We’ll be on the lookout for the possibility of further increases while remaining open to the fact that a consolidation could be in the cards, and in that event, staying ready to take advantage of a possible dip-and-rip scenario.
Extended Watchlist:
PPCH, MJMJ, ARYC