Tag: WSGF

OTC, Options Runners & More

SPY Options Review 

With a relatively light earnings calendar yesterday morning, we turned to some daily calls for the SPY in order to offer up some type of fresh options idea to kick off the week. We tagged the SPY 03/22 $389-390 Calls
and it was a good thing that we did, because they exploded for possible multibag gains.

It appears we will have much m,ore to choose from in terms of earnings plays today, but when the selection is slim like yesterday, we tend to turn to the SPY, which can usually be played for quick strike gains no matter the activity as long as the volatility is there.

Here were the excellent single-session moves recorded by our designated SPY targets yesterday:

SPY 03/22 $389-390 Calls
$389: 1.59-5.00 (+173%)
$390: 1.08-3.99 (+255%)
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Fresh Options Idea:
BLFS Weekly $40-45 Calls

Trans Global Group Inc. TGGI – Recap

As we often like to remind our readers, it’s best not to gloss over our daily Extended Watchlists included in our reports because these lists often contain hidden OTC gems on the brink of making moves.

Such was the case with TGGI yesterday morning. Subsequent to our alert on the stock, it ran 67% from a daily low of .003 up to .005. It has registered higher lows and higher highs for each of the past three sessions, so we’ll be open to the possibility of seeing more positive activity unfold as the week progresses.

Extended Watchlist:
USEI, FERN, WSGF, NIHK, ADTM, AXXA, FONU

Subpenny Runner, Options Ideas

Nano Labs Corp. CTLE – Recap

At the top of our to-do list this morning is going to be CTLE, which we tagged for observation in yesterday morning’s premarket report. We include these Extended Watchlist plays nearly every day, and it’s always a good idea to add them to a watchlist on your own screens, as they often turn up hidden gems like this one.

CTLE recorded a low of .0044 before pushing up to a high of .0095, which represents an intraday rip of 116% The stock posted this performance on its largest single day trading volume in well over five years, with over a billion shares changing hands! With activity on this level, we’ll certainly want to continue to follow the CTLE chart as we head through midweek.

Ebix.com Inc. EBIX – Bottom Bouncer

We took notice of EBIX this morning on a routine scan, and discovered a very attractive bottom setup on the chart. As you can see on the included snapshot below, the stock fell off a cliff last month and has spent the past week establishing a new bottom.

This is exactly the type of setup we look for in a potential recovery play, with a base of support along with a massive topside gap on the chart. We’re going to add a longer-term options idea that would allow us to take advantage of any impending rebounds. We’re going to radar the EBIX 06/18 $40-45 Calls.

Fresh Options Idea:
AMBA Weekly $118-121 Calls

Extended Watchlist:
WSGF, PVDG, ALYI, HVCW, RDWD, VBNU, ABQQ

DHI Recap, Fresh Options Plays

D.R. Horton, Inc. DHI – Options Review 

The big winner from the options ideas we put forth in yesterday morning’s premarket report turned out to be the DHI Weekly $65-66.50 Calls which fared quite well as the stock posted a daily range from a low of 66.36 up to a high of 71.81.

It continued our amazing streak of daily ideas with multi-bag gain potential, with each and every contract in our designated range recording a huge intraday run. Here were the maximum possible profits for anyone who happened to be in these calls:

DHI Weekly $65-66.50 Calls
$65: 2.23-6.55 (+194%)
$66: 1.75-5.51 (+215%)
$66.50: 1.14-5.10 (+347%)

More Fresh Options Ideas:
HUYA Weekly $20-20.50 Calls
LYFT Weekly $37-37.50 Calls
ZM Weekly $380-390 Calls

Extended Watchlist:
WSGF, TSNP, PHBI, INO, KHC