SPY Options Review
With a relatively light earnings calendar yesterday morning, we turned to some daily calls for the SPY in order to offer up some type of fresh options idea to kick off the week. We tagged the SPY 03/22 $389-390 Calls
and it was a good thing that we did, because they exploded for possible multibag gains.
It appears we will have much m,ore to choose from in terms of earnings plays today, but when the selection is slim like yesterday, we tend to turn to the SPY, which can usually be played for quick strike gains no matter the activity as long as the volatility is there.
Here were the excellent single-session moves recorded by our designated SPY targets yesterday:
SPY 03/22 $389-390 Calls
$389: 1.59-5.00 (+173%)
$390: 1.08-3.99 (+255%)
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Fresh Options Idea:
BLFS Weekly $40-45 Calls
Trans Global Group Inc. TGGI – Recap
As we often like to remind our readers, it’s best not to gloss over our daily Extended Watchlists included in our reports because these lists often contain hidden OTC gems on the brink of making moves.
Such was the case with TGGI yesterday morning. Subsequent to our alert on the stock, it ran 67% from a daily low of .003 up to .005. It has registered higher lows and higher highs for each of the past three sessions, so we’ll be open to the possibility of seeing more positive activity unfold as the week progresses.
Extended Watchlist:
USEI, FERN, WSGF, NIHK, ADTM, AXXA, FONU