SPDR S&P 500 ETF (SPY) – The SPY is one of our favorite funds to take advantage of when market conditions permit, and based on the general atmosphere this morning after crude oil’s impressive rally yesterday, we definitely want to signal a range of contracts for tracking.
We’re specifically looking for the heaviest activity to fall within the SPY Weekly $187-191 Calls*, with the SPY trading in the $189-range here in the premarket. If we do see a dip to start the day, we’ll need the subsequent bounce to occur above that $187-level for this idea to remain valid.
*Don’t forget that trading weekly options contracts on a Friday is an inherently risky proposition, as they are on the verge of expiration. It can, however, be a chance for experienced traders to take advantage as premiums dissipate and volatility increases.
Decision Diagnostics Corp. DECN
DECN was included in our pool of interests from yesterday’s premarket report, and the stock went on to put up a respectable performance.
From a low of .15, DECN ran as high as .24 for potential intraday gains of up to 60% and the move happened with the aid of roughly nine times the monthly average volume.
TubeMogul, Inc. TUBE
There have been a couple of events that have TUBE flirting with new relative lows this week. A nominal amount of insider selling seems to have coincided with some third-party content in its news feed casting the stock in a disparaging light.
Events like these awaken the bargain hunters within us. The stock is approaching previous levels of support as we’ve pointed out on the chart below, so we’ll be monitoring for a possible reversal to occur in that channel in forthcoming sessions.
Synergy Resources Corp. SYRG
We’ve noticed SYRG trending up off of its own recent bottom over the past couple of sessions, and we like the overall look of the chart and the strength building therein. We’re looking for this stock to record higher highs and higher lows and continue to build momentum.
Extended Watchlist:
BLDP, NESC, EKSO, SPDC
