Salesforce.com, Inc. CRM – Options Update
Our fresh options idea in yesterday morning’s report panned out very well for us when all was said and done. We highlighted a range which encompassed six sets of contracts, the CRM Weekly $67.50-70 Calls, and regardless of which strike point was chosen, hefty intraday profits were there for the taking from around lunchtime, right up until the close.
The magnitude of the potential profits we observed were certainly not as epic as the two separate chances at 1500% gains provided to us by our Macy’s calls from earlier in the week, but in and of themselves, still very impressive.
$67.50 Calls – Trading Range: .70-2.04 – Max Gain: 191%
$68 Calls – Trading Range: .37-1.70 – Max Gain: 359%
$68.50 Calls – Trading Range: .35-1.20 – Max Gain: 243%
$69 Calls – Trading Range: .12-.83 – Max Gain: 591%
$69.50 Calls – Trading Range: .13-.60 – Max Gain: 362%
$70 Calls – Trading Range: .08-.30 – Max Gain: 275%
We must be doing something right when a 500% rip begins to seem small by comparison! In an attempt to extend our extreme good fortune with options plays this week right up to the end, we’ve prepared a couple of ideas* for possible day-trades based on premarket activity this morning.
Palo Alto Networks, Inc. – PANW Weekly $147-152.50 Calls
Baidu, Inc. – BIDU Weekly $172.50-177.50 Calls
*Pertaining to both of the preceding ideas, remember to always consider the inherent elevated risk associated with trading weekly options contracts on a Friday!
USA Restaurant Funding, Inc. USAR
After USAR offered us the chance at intraday gains of up to 51% on Wednesday as it ran from .0093-.0148, we suggested that a bounceplay could be in the cards, given the volatility we had observed- the stock had pulled back considerably toward the end of the session.
The rebound we referred to did come to pass during yesterday’s session, as USAR traded up from its daily low of .0071 to a high of .0098. That represented a modest but solid 38% move on the day.
Agritek Holdings, Inc. AGTK – Update
We placed AGTK in our reports multiple times earlier this month, and the stock has responded with quite a nice performance in the intervening weeks since those tags.
Shortly after our most recent mention, we’d observe a low of .003 followed by a steady ramp-up at first, giving way to more significant increases this week. It culminated in a high of .0121 yesterday which marked an overall swing of 303% in fewer than a dozen sessions!
Based on its heightening activity, we’ll continue to leave a slot open for AGTK on our radar screens moving forward.
Extended Watchlist:
JCP, SUNE, EFFI, NTLK, PFSD, AEYE, RVUE, UPZS, MDFI