Yesterday following market close AAPL earnings beat expectations by a mile, and as a result the stock is spiking significantly in premarket trading today. It may be possible to use this price action to our favor; we’d expect to see some early profit-taking lead to a familiar dip-and-rip scenario.
As the price rebounds we’ll be waiting with some potential options ideas. We’ll be monitoring Calls in the $113-117 range for potential intraday/intraweek flip opportunities.
Adaptive Medias, Inc. ADTM
We’ve had several recent opportunities with stocks rebounding off of their annual lows, and for that reason we’re going to tag ADTM this morning.
This stock’s 52-week low came on Monday, in the wake of the arrest of CEO Qayed Shareef on some very serious charges. The rebound off of those lows came yesterday as the company announced changes to its management structure following the immediate termination of Mr. Shareef. Acting COO Jim Waltz (Current CEO of Beanstock Media) has been unanimously supported by the board to assume the role of CEO.
We’ll look for ADTM to register higher lows and higher highs as it recovers off of its annual low. Prior to the disruption caused by the former CEO’s actions, the stock was trading in the 2.50-3.00 range; from current levels, a return to that area would mean gains in the neighborhood of 40-60%
Special Note:
We’ll also keep our eye on Vuzix Corp. VUZI. The stock appeared in our extended watchlist yesterday, and did make a modest increase during the session. This morning VUZI management will ceremoniously ring the opening bell to commemorate the company’s uplisting to the NASDAQ which begins today.
ROCHESTER, N.Y., Jan. 26, 2015 /PRNewswire via COMTEX/ — NASDAQ trading in “VUZI” to commence on January 28, 2015 Vuzix� Corporation (OTCQB: VUZI) (“Vuzix” or, the “Company”), a leading supplier of video eyewear and smart glasses products in the consumer, commercial and entertainment markets, announced today it has received approval from the NASDAQ Stock Market LLC (“NASDAQ”) for the listing of its common stock on the NASDAQ Capital Market. Vuzix common stock will retain the ticker symbol “VUZI” and will commence trading on the NASDAQ Capital Market on January 28, 2015.