Category: Extreme Value

Party City Holdco Inc. stock trades under the ticker PRTY & closed at $5.07/share on 12/3/2020.

PRTY stock looks to have more room for growth in the near-term, which can be taken advantage of through common shares, or their options.

PRTY Stock Price: $5.07

10 Day Moving-Average: $4.41

50 Day Moving-Average: $2.94

200 Day Moving-Average: $1.80

RSI: 71

Today will likely be a bit of a risk off day, which will help their RSI go down to a more reasonable level that is less overbought.

With that in mind, short-term focused traders who want to use common shares of PRTY stock to profit from momentum may have an opportunity for entry today.

From an options standpoint, I like the $5 calls, and the $5.50 puts, as given that it’s Friday & there may be a risk-off day both are already in-the-money.

By having both you are protected to an extent from whatever movement that PRTY stock has today/Monday, depending on how long you want to hold them for.

*** I DO NOT OWN SHARES OF PRTY STOCK ***

Marathon Patent Group, Inc. stock trades under the ticker MARA, closing on 12/2/2020 at $5.76/share.

After a couple of gap up days in November, MARA stock is performing well on a technical basis, making it worth considering for a short-term trade idea.

MARA stock also has options in addition to common shares.

MARA Stock Price: $5.76

10 Day Moving-Average: $4.68

50 Day Moving-Average: $2.75

200 Day Moving-Average: $1.64

RSI: 70

While its RSI is a bit steep at 70, the pre-market price says that MARA stock still has room to run.

The $6 calls for MARA look appealing, as they are about at-the-money in the pre-market already; although I may target the $5 calls for a little more money.

The puts will get cheaper as they continue to climb, although if they break their resistance point, the almost at-the-money $6 puts will likely not perform well, so I would wait until the $7.50 & $9 puts become cheaper.

*** I DO NOT OWN SHARES OF MARA STOCK ***

Innodata Inc. stock trades under the ticker INOD & closed at $5.38/share on 12/2/2020.

After a very strong November, INOD looks to have some opportunity for short-to-mid-term traders to capitalize on as we begin December.

INOD Stock Price: $5.38

10 Day Moving-Average: $4.35

50 Day Moving-Average: $3.22

200 Day Moving-Average: $1.83

RSI: 78

While INOD’s RSI will need to cool off a bit (signaling an overbought tendency at 78), traders still have room to capitalize on its upwards momentum.

INOD also has options, where traders should be looking at the $5 calls, and if feeling aggressive pursue the $7.50 calls.

The pre-market pricing on the $7.50 calls is insanely cheap, but you’ll be betting on no market forces dragging them down in the meantime.

From a puts perspective, the $7.50 is the best looking option, although that will likely not be a major play, unless there is some major market movement across the board, and or if you capitalize on some short-term hiccups while INOD stock establishes its range.

*** I DO NOT OWN SHARES OF INOD STOCK ***

Fuel Tech, Inc. stock trades under the ticker FTEK & has recently broken out (on 11/24/20202).

FTEK stock shows great opportunity for a short term trading perspective, both for holders of common shares & options traders.

FTEK closed at $4.40 on 11/30/2020, and still looks to have more room to run.

FTEK Stock Price: $4.40

10 Day Moving-Average: $2.57

50 Day Moving-Average: $1.16

200 Day Moving-Average: $0.85

RSI: 80

While their RSI of 80 is high, it will die down in near time while FTEK stock establishes its new range.

From an options perspective, I am looking at the $5 puts & the $4 calls at the moment while it sorts itself out.

There’s still room for upward growth, but the charts are showing that there will be some profit taking before that happens.

Today’s futures are signaling a green day, but FTEK may be sitting it out, making it worth looking at entry opportunities for common shareholders.

I’ll be looking to play the options I outlined above.

*** I DO NOT OWN SHARES OF FTEK STOCK ***

Tuniu Corporation stock has recently shown great technical growth & performance, trading under the ticker TOUR.

TOUR stock closed at $3.19/share on 11/27/20, preparing to close out November as a very strong month.

TOUR has options, in addition to common shares, making opportunities for all types of traders to profit from their stock performance.

TOUR Stock Price: $3.19

10 Day Moving-Average: $2.40

50 Day Moving-Average: $1.36

200 Day Moving-Average: $1.17

RSI: 77

While their RSI of 77 is still high, Tuniu corporation’s stock still looks to have legs to run, as it establishes a new range.

Traders of the common shares should be able to find advantageous entry points this week.

TOUR’s $2.50 calls are already in-the-money, with the $5 strike price being the next level.

Given that in the pre-market they are already beyond last week’s resistance level, the $5 calls aren’t as out of the question anymore, with a delta of .364.

From a puts perspective, I’d be favoring the $5 strike price, at the moment, unless they outperform that $5 mark, in which case the $7.50 puts will become cheaper.

*** I DO NOT OWN SHARES OF TOUR STOCK ***

Riot Blockchain, Inc. stock trades under the ticker RIOT & closed for trading at $7.23 on 11/23/2020.

RIOT stock has recently been on a tremendous upswing, and looks to have more strength carrying it into the near future, making it worth consideration for a short-term trade.

RIOT Stock Price: $7.23

10 Day Moving-Average: $4.57

50 Day Moving-Average: $3.47

200 Day Moving-Average: $2.41

RSI: 72

With an RSI of 72, there is still room for RIOT to run in the next day or two, making a buying opportunity for common shares & call options alike.

I am favoring the $7 calls, and the $8 puts for RIOT stock options, as today’s pre-market pricing shows that there is still strength to be had, but within the next few days the puts will prove valuable as a hedge.

I’ll be watching the chart closely over the next week, but looking to purchase the options mentioned above this morning, favoring the calls.

As always, I encourage you to research RIOT stock before purchasing, but this does look to have some great potential in its current state.

*** I DO NOT OWN SHARES OF RIOT STOCK ***

Blink Charging Co.’s stock trades under the ticker BLNK & has recently shown excellent technical strength, making it a prime candidate for a short to mid-term trade.

BLNK Stock closed at $22.67/share on 11/20/2020, after impeccable performance from 11/16/2020 onward.

BLNK Stock Price: $22.67

10 Day Moving-Average: $13.12

50 Day Moving-Average: $9.76

200 Day Moving-Average: $5.54

RSI: 87

While BLNK stock’s RSI is awfully high, there is still room for them to run, although there will likely be some form of a pullback before the common shares look to be priced at a good deal.

For anyone trading the common shares, I would be closely eyeing the charts if I dove in before seeing that RSI drop a bit more/prices correct and even out into a range.

For traders interested in BLNK options, the $22.50 or $25 calls are where I am looking, especially given their pre-market strength (+14% more as I write this).

*** I DO NOT OWN SHARES OF BLNK STOCK ***

ReneSola stock trades under the ticker SOL, and closed at $5.32/share on 11/20/2020.

Since September they’ve been steadily climbing higher, with a particular noteworthy positive day on 11/13/2020.

SOL Stock Price: $5.32

10 Day Moving-Average: $4.46

50 Day Moving-Average: $3.24

200 Day Moving-Average: $1.79

RSI: 72

SOL stock’s moving averages still indicate there this is more room for their share price to run.

From an options perspective, the $5 strike price for the puts & calls seems like the safest idea, as the $2.50 & $7.50 options are awfully far from the current price of the underlying contract.

Purchasing the $5 call while it continues to climb, and then perhaps buying a $5 put, or selling a $7.50 call for the following month may be worth considering, pending your own due-diligence & following how their chart looks moving into 2021.

*** I DO NOT OWN SHARES OF SOL STOCK ***

Arcimoto Inc. stock trades under the ticker FUV & closed for trading at $16 on 11/19/2020.

This morning in the pre-market it has shed 10% of its price, dropping to $14.35, opening up for a potential short-term trade opportunity.

While this mornings drop is likely the result of a blend of trimming after a 69%+ gain day & macro-market conditions pointing lower, FUV stock has displayed steady growth since May 2020.

FUV Stock Price: $16.00

10 Day Moving-Average: $7.15

50 Day Moving-Average: $6.42

200 Day Moving-Average: $4.25

RSI: 75

For traders interested in the common shares, today may not be the best pullback to buy into, but looking at the charts should help you determine the right amount of risk there.

From an options perspective, the 12/18 $15 calls may carry more risk than is worth taking, so I may think to look at the $12.50’s or the $10’s.

The puts on the other hand look much cheaper than the calls, with the at-the-money $15’s marked only at $3.95 (before the market opens, this should change upon the open), which may offer an opportunity for a few extra percentage points for a quick trade on today’s weakness.

All-in-all, FUV stock & options should look to give traders some great opportunity for a short-term trade.

*** I DO NOT OWN SHARES OF FUV STOCK ***

Electrameccanica Vehicles Corp. stock trades under the ticker SOLO, and closed yesterday at $6.91/share (11/18/2020).

This morning it has continued to climb in pre-market trading, currently at $7.63.

Given its recent technical strength, there are some good short-term trade opportunities for SOLO stock.

SOLO Stock Price: $6.91

10 Day Moving-Average: $4.50

50 Day Moving-Average: $3.01

200 Day Moving-Average: $2.25

RSI: 83

While it may climb a little higher & test the $7 range, SOLO’s RSI is currently showing over-bought conditions at 83.

With this in mind, I would be interested in tracking both the calls & puts that focus around wherever their new range may emerge, based on whether or not they can cross the $7 mark cleanly today/tomorrow.

SOLO’s calls can either have a $6 or a $7.50 strike price, if I were looking at the ones with tomorrow’s expiration I would favor the $6 strike price, while for the next expiration date the $7.50’s show signs of being able to be in the money, given their early morning performance today.

One thing to keep in mind about the $7.50 call expiring on 12/18/2020 is that their Theta is currently -0.025.

Looking at the puts, The $7.50 or the $9 are likely the best option for SOLO for tomorrow’s expiration, but I may instead set my sights on the 12/18/2020 expiration, given that their current strength does not indicate that a put for tomorrow will play out favorably.

*** I DO NOT OWN SHARES OF SOLO STOCK ***