PCT Ltd. PCTL – Update –
We have taken a slight detour from our typical options and big-board-heavy focus to look back to the OTC Markets, where we used to make the bulk of our bread and butter, many years ago.
The lower exchanges are still good for speculative short term trading if you know where to look, and PCTL, which we initially tagged for observation first thing Monday morning, has now continued to move impressively through a second consecutive session. As we reported yesterday morning, on Monday the stock ran from .0089-.015 (+69%), but that was just the beginning.
We mentioned that crossing the barrier between subpenny and penny territory is a difficult thing for an OTC stock to do, and that it was an occurrence that warranted further attention in and of itself. We’re glad we didn’t let it slip off of our radars because PCTL added another huge performance yesterday. From a daily low of .0127 the stock shot to a new high of .0278! That represents an intraday gain of 119% and measured from our observed low on Monday, a total two-day increase of 212%
Tenet Healthcare Corp. THC – Fresh Options Idea –
We won’t ignore the options trading arena completely, with one idea in particular sticking out to us this morning. We are seeing some volatility arise as the stock is in a prime bottom-bounce position, and are going to want to track a couple of ideas through to the end of the week.
We are going to potentially target the THC Weekly $18-18.50 Calls, which will stand to perform well over the remaining three sessions of the week if it can begin to establish some momentum off of the bottom you can on the chart below.
CSTM, SDRL, ITCI, HOME, S, GHDX
Teva Pharmaceutical Industries Ltd. TEVA
We’re very interested in TEVA as a potential bottom bounce play. The stock registered new 52-week lows midway through last week, and has exhibited a solid level of support. Trending up slightly in the premarket, we’re going to be tracking a pair of June options contracts to coincide with what could easily be a significant rebound.
Our specific targets are going to be the TEVA 06/28 $12.50 & $13 Calls, which could present us with sizable opportunities to profit
Sprint Corp. S
We’re also going to set our sights on a range of Sprint options as the company attempts to gain FCC and DOJ approval on its $26B proposed merger with T-Mobile. The review period ends in June, but we’re more interested in the short term capability of the stock to provide us with quick strike chances. We’re going to radar the S Weekly $7-8 Calls.
Adverum Biotechnologies, Inc. ADVM – Review
A stock we recently began tracking, ADVM has been in a fairly continual uptrend since we signaled it for observation on the morning of April 17th. In the last month, the stock has made considerable bullish strides.
From the low we observed on the day of our initial alert, at 5.44, ADVM has gone on to record a high of 9.17. That comes out to an increase of 69%
TOPS, GERN, GMO, AMRH, TRQ, CREX, FUN, ICON, SQQQ, TMUS, INDY
The Boeing Co. BA
We signaled some options ideas for Boeing on Wednesday morning, the BA Weekly $352.50-360 Calls. We were met with moderate-to-good intraday gains ranging from 74-188%, as we reported yesterday morning.
We have to swing back around and provide yet another update after the opportunities to profit really kicked into gear yesterday. The intraday moves and gains on the table were as follows:
$352.50 Calls – Range: 2.90-8.75 – Max Gain: 202%
$355 Calls – Range: 1.70-6.99 – Max Gain: 311%
$357.50 Calls – Range: 1.11-5.15 – Max Gain: 364%
$360 Calls – Range: .50-4.00 – Max Gain: 700%
Mastercard, Inc. MA
We added ideas for the Mastercard chain as well in yesterday’s premarket report with the MA Weekly $170-175 Calls. Those also turned out to provide the chances for some very nice intraday gains.
After the company beat solidly on earnings with rising revenues, the stock went on a run that was sufficient to create these moves on the day:
$170 Calls – Range: 2.00-5.00 – Max Gain: 150%
$172.50 Calls – Range: .80-2.70 – Max Gain: 238%
$175 Calls – Range: .24-1.05 – Max Gain: 338%
Fresh for Friday:
Sony Corp. SNE Weekly $51.50-53 Calls*
*Please do not attempt to trade weekly options on a Friday unless you are an expert level trader with disposable funds.
MARK, PTI, S, DECK, AIPT, TVIX, LBCC, IMUC, VKTX