Month: December 2019

Bottom Plays for the New Year

Conn’s Inc. CONN – Potential Bottom-Play

We hope everyone enjoyed their day off yesterday. We expect a very subdued finish to this holiday shortened week, if history is any indicator, we’ve got just a brief idea to submit this morning. It’s a longer-term recovery play, so if you’re not getting around to reading this report right away, no big deal, We’re going to be tracking this one for awhile.

The CONN chart shows the heavily oversold stock currently sitting at a firmly established bottom with a large gap on the chart to the upside. This is the precise setup we’re always looking out for, and we are going to place the CONN 04/17 $13-16 Calls on watch along with the stock itself into the New Year.
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Other Possible Bottom-Bounce Candidates:
AKRX, SIEB, MITO

Extended Watchlist:
OWCP, VBIV, PRVB, TCCO

DRRX Update, FDX Options

DURECT Corp. DRRX – Review

With one half session remaining before the midweek holiday hiatus, and the earnings calendar once again void of activity, we want to circle back to a recent mention of ours in DRRX. We placed the stock on our radar last month on the 12th, and in the roughly five weeks since, it had really begun to put up some solid performances.

Subsequent to its inclusion in our premarket report on 11/12, DRRX registered a low of 1.72, and yesterday the stock once again registered a new high of 3.00. That’s an overall increase of 74% The stock also closed just a few cents below its high of day, so we’ll continue to keep an eye on its activity.

FedEx Corp. FDX – Fresh Options Idea

FedEx recently reversed and bounced off of its lows, and now appears to be in position to begin filling a gap on the chart. In anticipation of this we are going to place a range of calls in the FDX chain on longer term watch.

We;re going to go out to the FDX 01/31 $157.50-160 Calls to continue to track through the holidays and into the new year.

Extended Watchlist:
EKSO, ZN, OGEN, PT, KOD, SLNO, VLRX, ITCI,

Happy Holidays!

HAPPY HOLIDAYS, ONE AND ALL!

We want to start things off this short trading week, by wishing everyone a happy holiday season, no matter how you celebrate!

This is traditionally a very low-key week for the markets, as most people are focused on enjoying their families or time off from work at this time. Especially with no major earnings reporters on the calendar, we expect a relatively subdued start to the week as well.

General Mills, Inc. GIS 

One thing we do want to do is circle back to the call we made for the GIS options chain on Wednesday, which made a pretty good move into the end of the week, and will be high on our watchlist , as further gains are very possible.

We had highlighted the GIS 01/17 $55 Calls, and they subsequently made a very impressive move from .10-.29, marking a rise of 190% We will continue to keep an eye on this play, as GIS attempts to break the double top around the $54 mark. A break of that area will send these gains soaring.

Fresh Options Ideas: 

Finally, it wouldn’t feel like the start of a fresh trading week without some fresh options speculation.

We’re going to radar the SPG 01/17 $145-150 Calls as the chart is in a prime bottom-bounce setup. We took it out to the January 17th’s to give ourselves ample time to witness what appears to be an impending rebound.

Extended Watchlist:
SDRL, ACHV, ONCY, CALA, YAYO, CPRX, FBIO, ITCI, LLEX