General Mills, Inc. GIS – Options Idea
As our regular readers are perfectly aware, we never stop looking for earnings related options plays. Even now, amid a relative lull in quarterly reports, we’re seeing an interesting possibility with General Mills.
After its Q4 earnings report this morning, wherein a solid beat on profits was achieved, the stock is up to the tune of 2% in the premarket. There is also a large gap on the chart to the $50-area. In this situation, we’re interested in tracking the GIS Weekly $45 & $47.50 Calls for the remainder of the week.
TransEnterix, Inc. TRXC
We wanted to come back to comment on TRXC this morning as well. We tagged this stock for observation just a shade over a month ago on May 23rd, and since that time, the stock has enjoyed a very solid uptrend which has led to new highs this week.
On the day of our initial alert on TRXC, we had observed a low of 2.82, and the srtock never fell below that point. Yesterday’s new high came in at 5.70, marking an upswing of 102% in a matter of four and-a-half weeks!
Kopin Corp. KOPN
For something new to put on our radars this morning we also want to make mention of KOPN. As you can on the annotated chart below, at the present time, KOPN is displaying a strong multiple bottom formation, in addition to having just reached heavily oversold territory.
We are going to place KOPN on watch in the days ans perhaps weeks ahead and will be interested to see how it behaves with this cherry of a technical setup.
Extended Watchlist:
PED, VTGN, PAVM, MDCO, RSLS