You’ve got a nice and easy trade plan laid out for this morning!
Personally, I love trading this stock when it’s on the radar of financial professionals, just like it is today!
I actually day-traded it for myself yesterday…
And today I’ve got the exact trade plan and option contracts I want to trade laid out ahead of time as well.
|Ticker Code||Ticker Name||Ticker Industry||Price Change||Average Volume (50)*|
|TSLA||Tesla Inc||Auto Manufacturers||41.46%||15,314,364|
|NIO||Nio Inc – ADR||Auto Manufacturers||51.34%||164,608,593|
|MVIS||Microvision, Inc.||Scientific & Technical Instruments||48.77%||13,802,772|
|SMTI||Sanara Medtech Inc||Surgical appliances and supplies||-5.71%||6,138|
|HTBX||Heat Biologics Inc||Biotechnology||57.00%||44,077,280|
|INO||Inovio Pharmaceuticals Inc||Biotechnology||42.86%||47,865,274|
|SPOT||Spotify Technology SA||Internet Content & Information||31.93%||4,275,650|
|AMD||Advanced Micro Devices, Inc.||Semiconductors||22.16%||59,526,811|
|MSFT||Microsoft Corporation||Software – Infrastructure||9.45%||35,459,490|
|AMZN||Amazon.com, Inc.||Internet Retail||17.99%||5,177,464|
|XSPA||XpresSpa Group Inc||Personal Services||-71.17%||9,146,336|
|AAPL||Apple Inc.||Consumer Electronics||13.59%||35,232,398|
|SRNE||Sorrento Therapeutics Inc||Biotechnology||48.60%||24,858,605|
|AZN||AstraZeneca plc||Drug Manufacturers – General||4.35%||9,199,949|
|BNGO||BioNano Genomics Inc||Diagnostics & Research||34.94%||33,516,663|
|ATGN||AltiGen Communications, Inc.||Telephone and telegraph apparatus||20.93%||45,944|
|TTOO||T2 Biosystems Inc||Diagnostics & Research||25.79%||16,331,980|
Set to report earnings on August 10, Inovio Pharmaceuticals (INO) remains one of most active biotech stocks on the unusual options activity tape on a day-to-day basis.
Why is INO frequently traded by the biggest money players in the stock market?
The stock often encounters financial catalyst events, is troubled by questionable business ethics of its upper management staff, and oscillates in and out of the COVID vaccine running.
Bottom line, the stock has enough “skin in the game” to move on news.
Wall Street often knows what the news is ahead of time, and therefore places bullish or bearish bets on INO while most retail traders are left in the dark.
Fortunately, my paid software has identified where INO’s biggest-money option players are today…
On July 27 an option player stepped in and bought $49K worth of INO August 21 30 Calls…
I didn’t take this move for myself as markets weren’t in a place where I was willing to digest the risk which comes with trading out-of-the money (OTM) call options on a biotech stock.
Rather, I added it to my watchlist, and with INO trading right above its 50-day simple moving average line support (red line above), today might be a day to consider making a move – market depending.
Today I’ll be watching my paid software for possible INO unusual call option sweeps.
If INO can hold its 50-day simple moving average line support, I’ll likely make a move on it with the goal of capturing triple-digit returns in 72 hours or less.
And if I do, I’ll be sure to let you know in my afternoon watchlist.
Oh, by the way, I detailed INO and a couple other stocks I’m watching in a premarket video I made this morning. You can watch it right here.
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.