I was able to record my #1 day-trading day of this month yesterday trading stock options of this nature…
Three trades… +806%…
There’s $37,000 behind a trade I’m watching today AND three BONUS trades!
| Ticker Code | Ticker Name | Ticker Industry | Price Change | Average Volume (50)* |
| TSLA | Tesla Inc | Auto Manufacturers | 41.89% | 15,163,942 |
| INO | Inovio Pharmaceuticals Inc | Biotechnology | 42.69% | 48,114,460 |
| NIO | Nio Inc – ADR | Auto Manufacturers | 51.07% | 161,790,440 |
| SMTI | Sanara Medtech Inc | Surgical appliances and supplies | -9.51 | 6,619 |
| SRNE | Sorrento Therapeutics Inc | Biotechnology | 54.85% | 24,592,813 |
| VXRT | Vaxart Inc | Biotechnology | 73.59% | 44,675,038 |
| MVIS | Microvision, Inc. | Scientific & Technical Instruments | 49.02% | 13,815,848 |
| AMZN | Amazon.com, Inc. | Internet Retail | 19.37% | 5,131,854 |
| GNUS | Genius Brands International Inc | Entertainment | -331.45% | 53,113,597 |
| IBIO | Ibio Inc | Biotechnology | 63.89% | 40,493,573 |
| XSPA | XpresSpa Group Inc | Personal Services | -55.31% | 9,086,175 |
| AAPL | Apple Inc. | Consumer Electronics | 16.23% | 34,313,373 |
| MRNA | Moderna Inc | Biotechnology | 21.95% | 28,287,899 |
| WKHS | Workhorse Group Inc | Auto Parts | 80.27% | 41,692,223 |
| NJMC | New Jersey Mining Company | Gold and Silver Ores | 45.71% | 165,534 |
| HTBX | Heat Biologics Inc | Biotechnology | 61.14% | 49,209,735 |
| TTOO | T2 Biosystems Inc | Diagnostics & Research | 27.61% | 16,433,320 |
| SPCE | Virgin Galactic Holdings Inc | Aerospace & Defense | 30.68% | 22,859,687 |
| MSFT | Microsoft Corporation | Software – Infrastructure | 10.29% | 34,378,061 |
| NVAX | Novavax, Inc. | Biotechnology | 69.54% | 8,232,909 |
Four of the five FAANG stocks reported quarterly earnings yesterday.
While big-tech delivered blowout earnings, stock futures are flat this morning.
However, Workhorse Group (WKHS) has yet to report quarterly earnings.
In fact… as traders, we don’t even need to worry about them until August 10.
While shares have been trading fairly sideways since July 7…
That isn’t always bad news.
You see, sometimes trading in consolidation can be a sign of a potential move setting up in the hours or days ahead…
And those are the exact moves we want to participate in to make some money as traders ourselves!
Yesterday I saw two components of a possible hint piece together:
- WKHS volume increasing to 18.7M
- Unusual Options Activity
And today it’s hitting my list of stocks which financial professionals are thoroughly vetting…
In fact, just yesterday some option-playing cowboy pulled out his checkbook and bought:
Paying $0.65 Per Contract
For a total of $37K in Premium
I’ll explain why I find this appealing.
While $37K is pennies for a household name like Amazon… $37K is a fat bet for Workhorse.
Having calculated the WKHS August 7 18 Calls…
This option player only needs WKHS to trade around $17.25 to double their money.
What a “conveniently-timed” bet they placed…
But can we make the same move too?
You bet we can! Above $16.50 and support, and I’d give WKHS a short-term target price of $18.
And I’d be interested in buying into the WKHS August 7 18 Calls for a possible passive income trade through the weekend.
Bonus Trades I’m Watching:
- INSG August 21 15 Calls
- IDEX August 21 2 Calls
- MSFT July 31 200 Puts
I’ll be in touch later on — keep an eye on your inbox.
In the meantime, here is today’s premarket primer video.
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.