Tag: ITRM

Biggest Options Gainers & More

Options Recaps:

We’ve gotten off to another great start with regard to options trading this week. Yesterday morning in our premarket report, we formulated a couple of ideas, in the THO and UNFI chains on the heels of those companies’ earnings reports.

Despite an extremely poor session for the markets in general yesterday, both of our our ideas, the THO 10/15 $115-120 Calls and the UNFI 10/15 $35-40 Calls, bucked the trend and exhibited multibag gains on the day for us. A strong performance all around no matter which contract set within our targeted ranges was selected.

Here are those excellent multibag intraday moves posted by our plays:

THO 10/15 $115-120 Calls
$115: 4.40-12.70 (+187%)
$120: 2.10-8.70 (+314%)
_____

UNFI 10/15 $35-40 Calls
$35: 5.00-12.32 (+146%)
$40: .1.60-7.57 (+373%)

Fresh Options Ideas:
MU Weekly $72-71 Puts
WOR 10/15 $60-65 Calls

Farmmi, Inc. FAMI 

We also would like to designate FAMI as a longer-term bottom bouncer that has the potential to become a solid recovery play.

We are going to radar FAMI for the effort the company is making to get its stock back to the dollar minimum PPS required for continued listing on the NASDAQ. A shareholder letter from the CEO this morning outlined some of the ways that’s happening, including planned acquisitions and more. (>>Read PR)

Extended Watchlist:
ENZC, IFAN, TLSS, FERN, VNTH, FONU, ETEK, AYVU, NCNA, GOVX, ITRM, FOLD

Biotech Reviews & More


BioSig Technologies, Inc. BSGM

We began tracking many stocks with coronavirus synergies back in the late winter and early spring this year, as the global threat was still in the earlier stages of emergence. Our first alert on BSGM was on April 7th, and the stock would go on to run from under $4 to more than $12,

In the last few weeks, BSGM has finally begun to come down off of those highs, and we are now interesting in tracking it more closely for a potential bottom bounce. We’ll be looking out for the stock to establish support, and possibly make another significant run in coming weeks.
_____

iBio, Inc. IBIO

Speaking of coronavirus related stocks that have done well, IBIO was among those that we have been tracking since word of the pandemic began to spread widely, and we have seen a very nice move from it as well.

Following our most recent mention on March 17th, the stock saw  a low of .76, and to finish off last week it hit a new high of 2.69. That’s a 254% increase, and a perfect example of the kind of impetus that the virus has provided to a lot of these mid-sized biotechs.

Ideanomics, Inc. IDEX

We took notice of an interesting situation with IDEX currently transpiring. Last week, the stock tumbled on word of a possible class action suit currently being investigated. Today, it’s bouncing back in the premarket after the company announced the delivery of more than $3M in Chinese EV orders.

We’ll be interested to track its progress out of the gate as we kick off a fresh trading week today, without any notable earnings reporters on the calendar.

Extended Watchlist:
ITRM, LVXI, MYRY, PVDG, DECN, BHTG,