Shire plc SHPG – Options Update
Yesterday morning, we focused in upon a range of options contracts in the SHPG chain, and the headliner from that group turned out to be the SHPG Weekly $180 Calls. The stock itself made a run from around midday into the close and exceeded the $180-mark, facilitating a double-bag intraday move out of those contracts.
The $180’s soared from a low of 1.76, running as high as 4.26 for a highly respectable single-session pop of 142%
SHPG is gapping up in the premarket this morning, so we’re going to let it remain a point of focus for us today. We’ll be on the lookout for the possibility of another dip-and-rip formation, and as the situation may dictate, roll up our strike price to the $185-level.
Baltia Airlines, Inc. BLTA
BLTA was an item from yesterday morning’s premarket watchlist, and despite getting off to a slow start, the stock actually made a solid intraday move that offered up the chance at appreciable gains.
We observed the stock’s daily low come in at .0017 before seeing a bounce take it to .0027, which amounted to a solid 59% swing. As you can see from the following chart snapshot, there are a number of indicators which suggest some upside potential still remains. We’ll want BLTA to maintain support in the highlighted channel in order to hold our attention.
Fresh Options Idea – Wells Fargo & Company
WFC has put together a couple of solid sessions this week to rebound off of a recent relative bottom, and appears to be setting up for another one today as it gaps up in the premarket.
Not only has it just received an analyst upgrade, but the company will report Q4 earnings on Friday morning prior to the opening bell. We’ll look to take advantage of the wave of anticipation and possibly see some nice activity in the WFC 02/12 $52-54 Calls.
Extended Watchlist:
TRTC, TPAC, AHIX, TALK, AWGI, MAXD