Sarepta Therapeutics, Inc. SRPT – Update
We caught SRPT Wednesday on the heels of the stock’s 52-week low, and immediately pounced with an options idea. The SRPT Weekly $10.50 and $11 Calls produced gains of 237% and 159% respectively that day, and when we followed up in yesterday’s premarket report, we made sure readers understood that those gains would “pale in comparison” to the ones we expected once the session kicked off. We were absolutely correct.
The $10.50’s which we caught at .40 on Wednesday, set a new high of 4.23 to extend our total possible gains to 958% $11’s whose low from Wednesday was .39 rushed to a high of 4.04, marking a two-day swing of 936%
Pertaining to SRPT stock itself, the two-session move has been impressive there as well, trading up in a range from 8.00 to 15.38, for a highly respectable 92% increase. Cheers to any of our followers who caught on with SRPT, because there were profits to be made across the board!
We don’t inundate our readers with reminders about our daily live traders chats (Open to all, just send a Skype contact request to ‘stocksumo‘) but every so often we like to give everyone a peek into what typically goes on.
We had our old friend DJ provide the room with a trio of ideas at midday in the shipping sector and all three (PRGN, EGLE and DRYS) continued to stack on some serious gains subsequent to the alert.
Once again, we welcome participation on any level from all of our readers, even if you just want to drop in and see what’s buzzing in the room. Just send that Skype contact request to our very own ‘stocksumo’ and he’ll get you in right away!
Bonus Shipping Play: We also want to add GLBS to the list of shippers we’ll be monitoring after this sector-wide momentum boost. We’re looking for a continuation of that today and possibly into next week.
Fresh Friday Options Ideas
We’ve got a few prime ideas based off of more Q1 earnings beats, so it’s time to put our options-trading hats back on for the following three plays:
Amazon.com, Inc. AMZN – Weekly $670-680 Calls
LinkedIn Corp. LNKD – Weekly $132-134 Calls
Shire plc SHPG – Weekly $190-192.50 Calls
*As we always caution our readers, remember that trading weekly options on Friday is very risky. To be attempted only by expert traders!
ROVI, HK, MNST, P, DWA