3 Financial Trades I’m Watching Today… - InvestingChannel

3 Financial Trades I’m Watching Today…

There’s a multi-billion dollar sector picking up steam in the market…

Today I want to give you 3 stocks I’m watching within this exact sector!

My goal is to keep reeling in triple-digit returns in 3 days or less…

Ticker Code Ticker Name Ticker Industry Price Change Average Volume (50)*
EROS Eros International plc Entertainment -35.90% 4,634,381
MVIS Microvision, Inc. Scientific & Technical Instruments 59.06% 12,892,661
JMIA Jumia Technologies AG – ADR Internet Retail 63.45% 9,077,634
SNSS Sunesis Pharmaceuticals, Inc. Biotechnology -37.93% 18,032,317
GNPX Genprex Inc Biotechnology 11.48% 2,033,207
WHLM Wilhelmina International Inc Specialty Business Services -5.76% 1,839,260
TAOP Taoping Inc Software – Infrastructure 42.94% 4,009,843
IGC India Globalization Capital, Inc. Conglomerates 13.64% 1,572,220
OCGN Ocugen Inc Biotechnology 54.00% 53,664,467
FBAK First National Bank Alaska National commercial banks -10.11% 274
KODK Eastman Kodak Company Specialty Business Services 81.88% 25,716,686
VXRT Vaxart Inc Biotechnology 70.56% 45,323,706
MARA Marathon Patent Group Inc Capital Markets 67.07% 18,713,388
EDSA Edesa Biotech Inc Biotechnology 54.46% 1,757,700
XELA Exela Technologies Inc Software – Application 25.49% 15,843,394
FSLY Fastly Inc Software – Application 59.21% 12,579,600
MNOV MediciNova, Inc. Biotechnology 17.25% 3,277,948
V Visa Inc Credit Services -0.70% 8,171,973
PRPO Precipio Inc Diagnostics & Research 76.07% 5,694,101
JPM JPMorgan Chase & Co. Banks – Diversified -11.40% 20,180,771

This morning we’re taking a look at stocks being analyzed by financial professionals with $1B+ in assets under management over the course of the past week.

The largest company by market-cap on today’s list is JP Morgan Chase (JPM), which trades within the financial sector.

Just recently an option player stepped in and picked up…

JPM August 21 100 Calls

Spot: $97.25

For $190k in Premium

This particular option purchase sticks out to me as the JPM August 21 100 Calls are not only out-of-the-money, but the option player who bought in for $190k worth of them is currently upside down on the trade!

Afterall, the purchase occurred when JPM was trading at $97.25, and as of this morning it’s trading at $96.20…

While JPM currently is stacked with overhead resistance, should the stock itself leap to $100 or higher, it could run as high as $110 over the course of 1-3 days, in which case I’d keep an eye on the JPM August 21 100 Calls as well.

But considering JPM is a financial stock, there are two other trades in the financial sector with less overhead resistance which I’m considering making a move on today…

  1. BAC August 14 25.5 Calls
  2. XLF August 14 25 Calls

In order to buy into either one of these I’d need markets to remain bullish and the financial sector to pick up some upside momentum, which oftentimes it can within 1-2 hour periods, at the most.

I’ll be in touch with a watchlist mid-day.

Happy 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.

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