SharkReach, Inc. SHRK
Our alert to our readers yesterday morning on the situation surrounding SHRK was absolutely spot-on. We tagged it as a momentum-mover and explained that we’d be on the lookout for an early dip followed by another run like the one that occurred the previous day.
Events played out exactly as we ascertained, with the sleight dip to the daily low of .30 occurring first thing in the morning followed by a rebound and an impressive run to a high of .66 toward the end of the session. It marked an intraday upswing of 120% and occurred on well over five times the 30-day average volume, with the close coming in just four cents below the high-of-day.
We’ll remain interested in SHRK as long as it continues to build higher base levels of support moving forward.
Facebook, Inc. FB – Options Update
Yesterday morning, our notion that FB was in line for a significant tumble proved to be the right idea. We signaled a range of both short and intermediate term options contracts to correspond with our bearish feelings on the stock, and every single target yielded the chance for premium intraday gains.
Our short term range included the Weekly $113-110 Puts and the longer-term idea was concerning the Feb 19th $109-105 Puts. Here’s a breakdown of the kinds of gains that were made possible by our timely alert.
Weeklies:
$113 Puts – Trading Range: 1.85-3.91 – Max Gain: 111%
$112 Puts – Trading Range: 1.27-3.15 – Max Gain: 148%
$111 Puts – Trading Range: .93-2.41 – Max Gain: 159%
$110 Puts – Trading Range: .47-1.91 – Max Gain: 306%
02/19 Expiration:
$109 Calls– Trading Range: 1.98-3.13 – Max Gain: 58%
$108 Calls – Trading Range: 1.67-2.76 – Max Gain: 65%
$107 Calls – Trading Range: 1.27-2.33 – Max Gain: 83%
$106 Calls – Trading Range: .99-2.00 – Max Gain: 102%
$105 Calls – Trading Range: .91-1.71 – Max Gain: 88%
We can expect to see further moves out of the these contracts as FB is down even further in the premarket this morning.
Bonus Idea: To close out the week we’ll also have our eyes on Weekly LNKD $140-125 Puts. Despite an earnings beat, reduced guidance is leading to a premarket backslide for LinkedIn.
Now Corp. NWPN
We also want to quickly congratulate any of our readers who may have caught our tag of NWPN in Wednesday morning’s premarket report. Our observed low on that day was .002, and as of yesterday’s impressive new high of .007, we had witnessed a two-day swing totaling 250%
Extended Watchlist:
ICNV, CLOW, PPCH, MXSG
