PennyMac Financial Services Inc. PFSI – Options Review:
Not all of our daily options ideas are meant to be rapid strike plays, as we often include potential targets that have weeks or even months until expiration. One such ‘longer-term play’, as we typically refer to them, is in the PFSI chain. A little under two weeks ago, in our report from the morning of the 2nd, we signaled interest in a single contract set, the PFSI 12/17 $65 Calls.
On the day of that alert, they posted a low of .70, and after a series of bullish sessions, yesterday culminated into a new high of 4.77. That represents an upswing of 581% in a span in just eight trading days!
Fresh Options Ideas:
SPWH 04/14 $15 Calls
KYN Capital Group, Inc. KYNC – Recap:
On the stock side of things, we wanted to swing back around and recap the move we’ve witnessed in KYNC following our first of several tags of the stock in our premarket reports, on the morning of December 1st.
On that day two weeks ago, we saw KYNC trading for as little as .0035/share, and as of yesterday it had run as high as .0114, which brings our overall observed increase to 226%
Extended Watchlist:
IGMS, CEHD, VRUS, GAXY, GTII, ICOA, JPEX, TONR, SPWH, TCOM