Ok, You crayon eaters probably have your eyes on Tesla or Nvidia and can't decide if it will be -10% or +10% tommorow...
But let me tell you, high volatily means high contract price and this is exactly what you don't want, whats the point ? You want to be that guy and cash out a 2 baggers out of a 30% intraday move on LUNR ? Non sense !
So i was digging up, looking for the next under the radar big movers and i think I've got something.
VITESSE ENERGY, a non-operating gas and oil company.
let me explain, recently they posted earning wich missed big time due to their recent acquisition of Lucero energy. At the same they issued their quartermy dividend and the whole market was panik red.
You get the point, they were "unrightfully" oversold.
So my theory is that it can, in a matters of month rebound to a price around 26-27 due to these :
1- oversold yet fundamentals are good
2- in case of uncertain and bearish market investor tend to like energy stock and you can see a rise in volume
3- they focus on domestic production wich can be boosted by the tax war, focus on april 2
4- 90% of reddit talk about Raw material or some goofy biotech with the 35th potential cure for cancer or whatever
5- insiders are stock pilling like crazy
Position : 400 april-17 25c snatched at 0.13ct not selling until 10 baggers, might revise depending on momentum and market.
I recomend going on a longer date now that monday was a big green stick
Disclaimer : not a financial advise