Month: April 2020

Fresh Ideas, Form-4 Alert

EFX  Options Review 

Despite a poor day for the market yesterday on the heels of oil futures falling to negative values, one of our daily trading ideas still produced for us fairly well. We had signaled EFX Weekly $126-129 Calls in yesterday’s premarket report, and half of that range saw incredible multibag gains.

While the $126-127’s were pushed a little too deep in the money, the $128-129’s absolutely exploded, with a nine and a four-bagger, respectively!

EFX Weekly $128-129 Calls
$284:.60-6.40 (+967%)
$285: 1.00-5.80 (+480%)

Fresh Options Ideas

We’ve got a few more ideas to add to our running watchlist this morning, with a heavy slate of earnings reporters catching our eye here in the premarket.

SNAP Weekly $14-15 Calls 
CMG Weekly $810-840 Calls
BIIB Weekly $312-309 Puts 

Siebert Financial Corp. SIEB – Form-4 Alert

We always try to keep an eye out for bottom plays with recent insider buying, and today it was SIEB that caught our attention. A member of a >10% Ownership Group purchased over $12M in SIEB at 5.80, just a bit higher than the stock’s recent annual lows.

Accordingly, we are going to place SIEB on our list of interesting stocks to track, and monitor its movements moving forward.

Extended Watchlist:
GRTD, CELZ, DECN, INVU

OWCP Recap, Fresh Options Ideas

SPY  Options Review 
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We had one lone set of fresh options ideas to start the week off yesterday, signaling our interest in the SPY Weekly $284-286 Calls .

The markets did see a sharp rise in the first half of the session, despite returning to close flat on the day. That allowed for some reasonably solid chances for quick-strike gains in our designated target range.

Weekly $284-286 Calls 
$284: 3.52-6.09 (+73%)
$285: 3.79-5.49 (+45%)
$286: 3.29-4.90 (+49%)
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Fresh Ideas:
LMT Weekly $385-390 Calls
EFX Weekly $126-129 Calls
CCK 05/15 Weekly $60-65


OWC Pharmaceutical Research Corp. OWCP

It turned out to be OWCP that put up the most notable performance off of our extended watchlist yesterday. We saw the stock do big things last year, but were mentioning it for only the second time in 2020.

It put forth a couple of nice little moves on the day, first trading up from a low of .014 to .0289 (+92%), then pulling back to .0192 before hitting a new high of .036 (+88%). In total, the stock rose 157% from its early morning low to the ultimate high set during power hour.

Extended Watchlist:
CELZ, GFTX, HPMM, BLXX, BTH

SMPL Update, Form-4 Alert


The Simply Good Foods Co. SMPL –  Options Review 
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On Thursday morning, SMPL was among the fresh options trading targets that we had mentioned in our premarket report.  We were looking specifically at the SMPL 08/21 $20-22.50 Calls.

Despite it being one of our relatively rare longer-term swing-trade ideas, with tons of time remaining until expiration, we did see some early gains right off the bat from those plays as the week drew to a close.

08/21 $20-22.50 Calls
$20: 1.50-2.20 (+47%)
$22.50: .70-1.30 (+86%)

We’ll certainly continue to have these targets on watch in the weeks and months ahead, it was good to see some instantaneous opportunity arise.
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Fresh Ideas: 
SPY Weekly $284-286 Calls 

AxoGen Inc. AXGN – Form-4 Alert

We would also like to make mention of AXGN this morning. which we caught sight of during a routine Form-4 scan. We’ve got the CEO picking up shares and adding to his already considerable position just as the stock was preparing to register new annual lows.

We generally like to put stocks in this situation on watch, and will be anxiously awaiting the company’s quarterly results due in roughly two weeks.

Extended Watchlist:
DMAN, KNOS, PCTL, OWCP, HUTMF, NBY, AVCT, EROS, CYCC, TRNX,