Massive SPY Gains:
Monday is upon us once again and we’re ready to kick the tires and light the fires on another big trading week. We made out like bandits on Friday, after signaling some SPY calls in our premarket report, one of which registered one of the largest single session gains our ideas have yielded this year.
Both of our quick-strike targets put up positive figures. Specifically, we were looking at the SPY 04/01 $452-453 Calls, and the BABA Weekly $112-116 Calls. and the potential gains from which were as follows:
SPY 04/01 $452-453 Calls
$452: .07-1.23 (+1657%)
$453: .01-.40 (+3900%)
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BABA Weekly $112-116 Calls
$112: 3.36-5.00 (+49%)
$113: 1.41-6.10 (+333%)
$114: 2.03-3.25 (+60%)
$115: 1.51-2.52 (+67%)
$166: .85-3.50 (+312%)
Fresh Options Ideas:
TWTR Weekly $44-45.50 Calls
B 06/17 $40-45 Calls
1812 Brewing Company, Inc. KEGS – News Update:
We’ve also got another major PR update from KEGS this morning which could have significant impact on the stock moving forward, so this is definitely something that requires our immediate attention.
The company is moving to reduce its number of authorized shares by half, with an allusion to even further reductions at a later date. Share reductions can go a long way to increasing the overall health and attractiveness of a stock, KEGS certainly seems committed to that mission.
Watertown, NY, April 04, 2022 (GLOBE NEWSWIRE) — 1812 BREWING COMPANY, INC. (OTC Pink: KEGS) (the “Company”) is pleased to announce that it shall reduce the Company’s authorized shares by 50%. “It’s hard to imagine a scenario wherein the Company would need to issue 20 billion shares, and to have the Authorized Shares at that level may even be counterproductive to our ongoing efforts to reduce the Company’s overall cost of capital” stated Chairman and CEO Tom Scozzafava. He continued, “This is a case where perception can create the reality. If it is perceived that that many shares must be issued to fund your company, then that many shares may just, in fact, be needed. And that certainly is not our intent.”
The Company’s current Authorized Shares are approximately 20 billion, the move would decrease that to approximately 10 billion. Finally, Mr. Scozzafava stated, “and if operations continue to progress as they have been, an additional 50% decrease from there is likely.” The Authorized Share reduction is subject to shareholder and board resolutions and an accepted filing with the State of Florida. (>>View PR)
Extended Watchlist:
PLX, SPI, RCAT, BRQS, KATX, CRYM, KGKG, CLNH