Month: November 2019

Form-4 Alert & More

Options Review 

We closed out the trading week on Friday morning with some fresh options ideas, namely the SPLK Weekly $134-138 Calls. The moves we observed in those contract sets were highly impressive, with enormous multi-bag runs across the board.

The total possible profits on the table for daytraders were as follows:

$134 Calls – Range: 1.79-6.50 – Max Gain: 263%
$135 Calls – Range: 1.15-5.80 – Max Gain: 404%
$136 Calls – Range: .83-5.70  – Max Gain: 586%
$137 Calls – Range: .50-3.70 – Max Gain: 640%
$138 Calls – Range: .26-2.74  – Max Gain: 954%

Cheers to anyone who took advantage of this unbelievable quick-strike opportunity!

Ebix, Inc. EBIX – Form-4 Alert

We caught a Form-4 insider buying alert on EBIX this morning. That’s when we noticed the prime bottom positioning of the chart, complete with a significant gap to the topside. This will be a perfect candidate to identify some longer-term options plays we have interest in tracking.

We’ll be looking at the EBIX 03/20 $30-40 Calls in the days and weeks ahead.

Extended Watchlist:
ANAB, SAML, ATNM, TEVA, ICPT, ZGNX, CYIO, SAML

Hugely Successful Week for Options

Options Review
–
After considerable options success earlier in the week, we doubled down on a couple of our mid-week ideas in TGT and CGC, adding higher strike ranges to keep an eye on. In both cases, our updated ideas from yesterday morning’s premarket report yielded significant intraday gain opportunities.  

We highlighted the TGT Weekly $126-128 Calls, which came up with the following intraday moves:

$126 Calls – Range: .80-2.06  – Max Gain: 157%
$127 Calls – Range: .52-1.31 – Max Gain: 152%
$128 Calls – Range: .27-.73  – Max Gain: 170%

_____

The updated highs on our targets from Wednesday on the CGC Weekly $15.50-16.50 Calls were considerably greater than the previous session:

$15.50 Calls – Range: .43-5.57 – Max Gain: 1195%
$16 Calls – Range: .36-5.50 – Max Gain: 1427%
$16.50 Calls – Range: .35-4.85  – Max Gain: 1286%

Our updated ideas, the CGC Weekly $18-18.50 Calls also put up impressive multi-bag performances on the day:

$18 Calls – Range: .87-3.40 – Max Gain: 291%
$18.50 Calls – Range: .63-3.15  – Max Gain: 400%

Fresh Options Ideas 
FL Weekly $42-43.50 Calls
SPLK Weekly $134-138 Calls 

Extended Watchlist:
ADXS, CTST, TOPS, CELH, WTRH, GLBS, MVIS

Big Options Wins, GRMM News

Target Corp. TGT &
Canopy Growth Corp. CGC – Options Review
–
As usual, we offered up some fresh options ideas to our readers in yesterday morning’s  premarket report, and unsurprisingly, we saw some very nice moves out of all of them. We had identified potentially attractive targets in both the CGC and TGT chains, and everything worked out in our favor.

Here were the total possible gains that could have been achieved on the day:

TGT Weekly $119-123 Calls
$53 Calls – Range: 1.73-8.20 – Max Gain: 374%
$52.50 Calls – Range: 1.35-7.20 – Max Gain: 433%
$52 Calls – Range: 1.00-6.30  – Max Gain: 530%
$51.50 Calls – Range: .74-5.34 – Max Gain: 622%
$51 Calls – Range: .53-4.50  – Max Gain: 749%
_____

CGC Weekly $15.50-16.50 Calls
$19.50 Calls – Range: .43-2.90 – Max Gain: 574%
$20 Calls – Range: .36-2.37 – Max Gain: 558%
$20.50 Calls – Range: .35-1.99  – Max Gain: 469%
_____

We’re going to stick with both of these chains, but roll up our potential strike prices to stay a little closer to the action. We’ll be tracking the TGT Weekly $126-128 Calls and the  CGC Weekly $18-18.50 Calls.

Grom Social Enterprises, Inc. GRMM – News Update

We also wanted to swing back around to GRMM, a stock that we did an in-depth report on earlier this month. The company has just announced a $2M debt conversion at a premium to market pricing in a move that does a lot to strengthen the company’s balance sheet.

If you have yet to take a closer look at GRMM and it’s kid-safe social media platform, we urge you to click the link above or below and seek out our in-depth report.

Boca Raton, Florida, Nov. 21, 2019 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE — Grom Social Enterprises, Inc. (OTCQB: GRMM) (“Grom,” the “Company,” “we,” “us” or “our”), a leading social media platform and original content provider for children between the ages of 5 and 16, today announced that it has strengthened its balance sheet through the conversion of $2.0 million of debt to equity at terms believed to be favorable by the Company.

Pursuant to the terms of the transactions, certain of Grom’s noteholders converted $1.8 million of convertible promissory notes into common stock at terms believed to be favorable by the Company, while management converted $200,000 of interest-free loans due from the Company into common stock at $0.175 per share, a premium to the current market price per share. Including this transaction, Grom senior management has converted approximately $1.7 million of debt into common stock since 2018, all at a significant premium to market. (>>View Full PR)

>>READ OUR DETAILED GRMM REPORT<<

Extended Watchlist:
REPL, SPWR, BIOC, HEPA, XXII, ONTX,