Infrax Systems, Inc. IFXY – Review:
Our first order of business this morning is to go over the performance of a stock that we initially tagged last week on Friday. IFXY produced quite a run subsequent to our alert, posting a low of .0081 that morning, and registering a high of .0137 yesterday. That works out to a session-over-session gain of 69%
We’ll keep an eye peeled this week for the chance that IFXY can make its next move up from this higher base level of support. Volume over the past couple sessions has been quite higher than average so the potential for a continuation of its recent bullish activity is certainly present.
Our quick strike options play for yesterday morning’s report turned in a fantastic ticket on the day. We were tracking the SPY 10/04 $434-432 Puts, and thanks to a particularly bloody open for the markets at large, we saw significant movement in our designated targets.
The SPY has long been our go-to market analog play, and it is particularly helpful on days like yesterday with no interesting earnings plays of which to speak.Here are the intraday gains that were made possible by this particular idea.
SPY 10/04 $434-432 Puts
$434: 1.50-7.64 (+409%)
$433: 1.06-6.69 (+531%)
$432: .75-5.70 (+660%)
Fresh Options Ideas:
PEP Weekly $149-152.50 Calls
RGNX 11/19 $35 Calls
EBET, MARPS, USEG, AMPY, ISWH, CYAP, TGRO, SPQS, APTY, BDGR, CRYM, SPZI