Hot OTC Play, Options & More

Trans Global Group Inc. TGGI 

In yesterday’s report we talked about our extended watchlist selection of TGGI on Monday morning, after  the stock ran 67% from .003 to .005. We also noted the trend that it was establishing seemed to suggest the possibility of further advances.

Our hunch proved accurate in no time flat, as TGGI once again broke out to new highs just as we suspected it may. The stock traded in a daily range from .0038 to .0093, which represented an intraday move of 145% and pushed our two-session observed upswing to 210% The stock has been trading heavy volume and with the momentous pattern we’ve seen thus far we’ll certainly continue to keep watch.

As we’ve pointed out on the chart below, we’re going to want to see its previous resistance point at .0053 hold as support on any forthcoming pullbacks in order for us to remain interested in TGGI.


BioLife Solutions Inc. BLFS – Recap

Our lone fresh options idea in yesterday’s premarket report was the BLFS Weekly $40-45 Calls. Despite being our sole point of focus in the options arena for the day, we still hit a bullseye.

The stock ran hard to the $48 level, which facilitated the following solid intraday gains in our designated targets:

BLFS Weekly $40-45 Calls
$389: 2.30-4.05 (+76%)
$390: .75-1.90 (+153%)
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Fresh Options Ideas: 
ADBE Weekly $457.50-465 Calls
WGO 04/16 $80-85 Calls
HOME 04/16 $32-34 Calls


Extended Watchlist:
PSWW, AZFL, BPSR, MRNJ, FERN, MMMW, CYCA, ADGO, GRLF

Huge Options Gainers & More

Marijuana Company of America, Inc. MCOA – News 

We’re swinging back for another news update on MCOA this morning for the second time this week. We like the company’s drive and dedication to its recent changes in focus which we began highlighting in a special report last week (>>Read Our MCOA Report). In that space of time, we’ve learned more about the company’s strategic partnership with Cannabis Global (CBGL) with the aim of further developing the HempSmart brand.

This morning, we’ve learned that MCOA will once again move to promote and grow the HempSmart name through a series of big weekly sales for the remainder of the calendar year.

ESCONDIDO, Calif., Oct. 29, 2020 (GLOBE NEWSWIRE) — MARIJUANA COMPANY OF AMERICA INC. (OTCMKTS:MCOA), an innovative hemp and cannabis corporation, is pleased to announce today the launch of a series of promotional campaigns, where “Every Friday is Black Friday, at HempSmart” … Every Friday, a new special product package will be promoted and offered until the end of the year. (>>View Full PR)



Options Review

We also need to go over the intraday performances of the options ideas we formulated in yesterday morning’s premarket report, which was a mix of bearish and bullish plays.

We had the SNE Weekly $79-80.50 Calls, the MSFT Weekly $210-205 Puts, and the MA Weekly $307.50-302.50 Puts, and we scored multibag hits in every range we were tracking.

SNE Weekly $79-80.50 Calls

$79: .40-3.20 (+700%)
$79.50: 1.02-2.50 (+145%)
$80: .80-5.23 (+554%)
$80.50: .70-1.95 (+179%)
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MSFT Weekly $210-205 Puts
$210: 3.50-8.00 (+129%)
$207.50: 2.09-6.01 (+188%)
$205: 1.11-4.10 (+269%)
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MA Weekly $307.50-302.50 Puts 
$307.50: 9.63-16.20 (+68%)
$305: 7.35-14.43 (+96%)
$302.50: 5.85-11.95 (+104%)


Fresh Options Ideas:
MRNA Weekly $66.50-68 Calls
HOME 11/20 $23-24 Calls
SPOT Weekly $267.50-262.50 Puts


Midweek Options Review & More

Midweek Options Review 

We offered up a buffet of options choices yesterday, and two of our ideas panned out immediately, with our longer-term idea still needing some time to mature.

The ones that worked out without delay were the designated ideas from the DBI and CONN chains. They were the DBI 12/20 $17.50-15 Puts and the CONN 12/20 $17-15 Puts.  Both of those were bearish signals on puts, and both yielded solid intraday results, good for opportunities to score the following daily gains:

Designer Brands, Inc. DBI 12/20 $17.50-15 Puts
$17.50 Puts – Range: 2.60-3.71 – Max Gain: 43%
$15 Puts – Range: .60-1.36 – Max Gain: 127%

Conn’s Inc. CONN 12/20 $17-15 Puts
$17 Puts
 – Range: 2.00-3.30 – Max Gain: 43%
$16 Puts – Range: 1.45-1.92 – Max Gain: 32%
$15 Puts – Range: .70-1.60 – Max Gain: 129%
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Fresh Ideas
HOME 03/20 $5.00-7.00 Calls
CHWY Weekly $25.50-26 Calls
PLCE Weekly $61-59 Puts 


Extended Watchlist: 
NVUS, TYHT, KNSA, CNST, BDSI, XBIT, QFIN