If any of our readers had ever been in any doubt as to why we occasionally try to "shoot the moon" with a risky options idea containing weekly expiration contracts on a Friday, then this past Friday's session answered their questions for good. We try to shoot the moon, because occasionally you can actually hit it! That was certainly the case with the SPY Weekly $238-50-239.50 Calls that we highlighted in Friday morning's premarket report.
We stated our reasoning behind the idea as having noticed a "promising jobs numbers release, and what seems like it could be a bullish day for the markets as a whole." It really worked out exactly as we hoped, and because the SPY can be traded 15 minutes into post-market hours we got an extra boost to the monster moves we saw, which were as follows:
$238.50 Calls – Range: .33-1.41 – Max Gain: 327% $239 Calls – Range: .07-1.00 – Max Gain: 1328% $239.50 Calls – Range: .01-.47 – Max Gain: 4600%
As you can see, those gain opportunities ranged from really good, to ridiculously good, to full on eye-popping! Cheers to anyone who was along for the ride!
Uni-Pixel, Inc. UNXL
We've taken notice of what could be a prime rebound opportunity in UNXL. As you can see plainly on the chart below, the stock bottomed out at the end of last month, and has thus far been building a higher base of support in the month of May.
We're eager to track this play to see if the trend will continue because if you'll notice two of our favorite technical indicators on this chart, the RSI and the MACD, both are exhibiting an extremely bullish look at the moment. We're going to place UNXL on intensive watch, because the party could just be getting started.
Extra Note: For an added bottom-bounce possibility, we'll also have California Resources Corp. CRC on our radar, as it just underwent a bullish reversal on Friday, and maintained more than half of its daily gains.
Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. Our disclaimer is to be read and fully agreed to before using our site, or joining our email list. The information contained herein is based on sources which we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of the available data. The owner, publisher, editor and their associates are not responsible for errors and omissions, however any that may occur will be corrected as needed. BHS and its affiliates are not registered or licensed investment advisers, nor broker dealers. BHS cautions that the investments in companies profiled are commonly considered to be extremely high risk and use of any information provided is at the investor's sole risk.