Welcome to a new week of trading. I know I’m excited, and will be looking to put up some numbers…
Financial professionals have narrowed their focus to lower-priced stocks to start the week, and one distinct stock financial professionals are looking at today could be poised for a very lucrative week ahead…
|Ticker Code||Ticker Name||Ticker Industry||Price Change||Average Volume (50)*|
|INO||Inovio Pharmaceuticals Inc||Biotechnology||44.62%||43,737,423|
|TSLA||Tesla Inc||Auto Manufacturers||28.48%||11,582,169|
|WKHS||Workhorse Group Inc||Auto Parts||84.51%||29,912,787|
|KTOV||KITOV PHARMA LT/S ADR||Biotechnology||49.46%||44,120,936|
|AAPL||Apple Inc.||Consumer Electronics||11.48%||34,822,796|
|CYDY||CytoDyn Inc||Pharmaceutical preparations||53.13%||7,735,662|
|IDEX||Ideanomics Inc||Software – Application||75.16%||60,735,628|
|SRNE||Sorrento Therapeutics Inc||Biotechnology||43.65%||28,463,915|
|XSPA||XpresSpa Group Inc||Personal Services||-41.79%||20,036,972|
|GNUS||Genius Brands International Inc||Entertainment||-93.24%||88,672,721|
|TTOO||T2 Biosystems Inc||Diagnostics & Research||15.71%||17,536,932|
|MVIS||Microvision, Inc.||Scientific & Technical Instruments||29.25%||10,293,674|
|NIO||Nio Inc – ADR||Auto Manufacturers||36.35%||89,771,937|
|BA||Boeing Co||Aerospace & Defense||-1.93%||58,577,648|
|ZEST||Ecoark Holdings Inc||Plastics products, misc||10.69%||756,711|
|SHIP||Seanergy Maritime Holdings Corp.||Marine Shipping||-2.83%||8,729,774|
|FB||Facebook, Inc. Common Stock||Internet Content & Information||3.05%||27,480,222|
|SPCE||Virgin Galactic Holdings Inc||Aerospace & Defense||2.40%||15,900,754|
|INPX||Inpixon||Software – Application||-24.60%||9,618,989|
Genius Brands International (NYSE: GNUS) has been a very lucrative trade for many traders all around the world in 2020. The stock is low-priced, trades on fairly high volume, and is capable of moving from $2 to $10 in under a week.
While it is a typical newbie retail trader favorite, financial professionals began taking long positions in it last week…
Over the course of last week alone, option players on Wall Street bought $1.2M worth of short-dated GNUS call options.
This morning it opened up 15% upon an unexpected announcement that the company would be hosting a conference call to discuss what they’re referring to as an “exciting business announcement.”
Coincidence? I’ll let you decide, but here’s how I plan on making money with this stock through the week ahead…
Today I expect a significant amount of bulls to liquidate at least some of their positions to lock in profits. I’d also expect any possible shorts to cover their position for a loss. Between these items and the catalyst of the company holding a conference call today, this one could really get volatile as the day goes on…
Shown on the chart above, $4.19/share is a critical level for GNUS today. Above it, and GNUS could soar back toward the $10 area which it saw last month.
If the trend remains bullish, I’ll make a move to the upside assuming financial professional traders do as well.
Below $4.19/share and I’ll be interested in making a move to the downside on this one. “Sell the news” events happen often in the stock market, especially on lower-priced stocks.
There’s opportunity to trade GNUS both ways in the hours and days ahead. Trades of this nature get me excited as I know that regardless of what markets are doing, I can isolate and make a trade in green or red markets, ideally pocketing all available profits in a short period of time.
I’ll keep you updated with updates and a watchlist this afternoon.
Yours for TrackStar trading,
America’s #1 Options Trader
Disclaimer: This is not investment advice. This article is for information purposes only and opinion-based on financial advisor data across a selection of websites. Investors should be cautious about any and all investments and are advised to conduct their own due diligence prior to making any investment decisions.