SLQT Stock & Options Update:
Just over two weeks ago, in our report from the morning of August 31st, we caught SLQT after a director filed a Form-4 and soaked up shares at at relative bottom. Combined with the right chart setup, that’s the sort of scenario that we’ll always take a chance on, and it paid off for us.
SLQT has been making steady strides toward a recovery nearly every day since then, and our designated options targets, the SLQT 09/17 $7.50-10 Calls, which expire on Friday, have continued their rise. The stock itself has produced a solid move on the chart from a low of 9.19 on the morning of our original alert, to a new high of 14.03 yesterday. That works out to an upswing of 53% in just two weeks’ time.
As far as our highlighted options plays, we’ve already provided multiple updates, and today’s is quite impressive, with the $10’s in particular edging closer and closer to that coveted thousand percent gainer designation.
Here are the current figures on the total moves these contract sets have posted since the 31st:
SLQT 09/17 $7.50-10 Calls
$7.50: 1.80-6.50 (+261%)
$10: .40-3.90 (+875%)
Fresh Options Ideas:
MSFT Weekly $300-302.50 Calls
JKS Weekly $46-48 Calls
WEBR Weekly $12.50-15 Calls
SUWN, PGLO, MDMP, TPTW, VIZC, ICOA, DREM, EVCC, WLAN, TONR, EEGI, ATER, VVNT, SONN, BTB