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 |
| VXRT | Vaxart Inc | Biotechnology | 64.45% | 23,153,936 |
| 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,
Davis Martin
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.