Huge Options Calls
Our first order of business this morning is to review the performance of the options contracts we signaled for observation in yesterday’s premarket report, We specified our interest in trading GPRO Weekly $31-32.50 Calls, and the FB Weekly $90-91 Calls, and every single set of contracts we tracked provided the opportunity for impressive profits before lunchtime!
$31 Calls – Daily Range: .19-.97 – Max Gain: 410%
$31.50 Calls – Daily Range: .25-.75 – Max Gain: 200%
$32 Calls – Daily Range: .19-.57 – Max Gain: 200%
$32.50 Calls – Daily Range: .17-.40 – Max Gain: 135%
$90 Calls – Daily Range: .84-1.57 – Max Gain: 87%
$90.50 Calls – Daily Range: .70-1.32 – Max Gain: 89%
$91 Calls – Daily Range: .52-1.10 – Max Gain: 112%
Later in the afternoon, the markets dipped back considerably and continued to backslide into the close. This morning, we’re seeing a substantial gap-up on the heels of jobs numbers, leading us to believe that similar action could transpire during today’s session with regard to an early surge.
In that case, anyone who may have shown up late to the party and held contracts overnight, should be on the lookout for the opportunity to take profits early on. Those who are just arriving, should be waiting for the dip caused by those profit-takers to ride the subsequent rebound.
Vape Holdings, Inc. VAPE
We’re going to highlight VAPE this morning as a bottom-bouncer that spent the better part of the summer on an overall downtrend, and has just begun to trend up off of the new annual low it established on Monday.
Taking a further look at the chart we get the sense that a more protracted recovery could take place, so we’ll pin this one to our tracking list in the days ahead.
Also on Bottom-Watch
We’ve run across a few other stocks that are trading at or near their relative bottoms that will serve as our extended watchlist today:
Coastal Integrated Services, Inc. COLV
Patriot Scientific Corp. PTSC
Pieris Pharmaceuticals, Inc. PIRS