Todd Gordon’s Tesla Hedge

Todd Gordon spoke on CNBC’s “Trading Nation” about Tesla Inc TSLA. He has a long position in the name and he’s concerned it could trade lower.

Gordon wants to hedge his long-term position by purchasing the June 2, 305/295 put spread for $3.05. The trade breaks even at $301.95 or 2.71 percent below the current market price. It can make a maximal profit of $6.95. Gordon wants to place a stop loss at the half of the value of the premium paid.

Watch These 4 Huge Put Purchases In Tuesday Trade

These trades were placed during Monday’s regular session.

  • Corecivic Inc CXW Sep 27.0 Puts Sweep: 1000 @ ASK $1.45: 1229 traded vs 152 OI: Earnings 8/2 After Close (est) $30.65 Ref
  • Thor Industries, Inc. THO Sep 90.0 Puts Sweep: 726 @ ASK $5.40: 727 traded vs 87 OI: Earnings 6/5 After Close (est) $93.19 Ref
  • AmTrust Financial Services Inc AFSI Jun 10.0 Puts Sweep: 1000 @ ASK $0.30: 1165 traded vs 1166 OI: Earnings 8/2 After Close (est) $11.97 Ref
  • GrubHub Inc GRUB Jun 40.0 Puts Sweep: 670 @ ASK $0.448: 672 traded vs 889 OI: Earnings 7/27 Before Open (est) $43.37 Ref

Watch These 4 Huge Put Purchases In Tuesday Trade

These trades were placed during Monday’s regular session.

  • Corecivic Inc CXW Sep 27.0 Puts Sweep: 1000 @ ASK $1.45: 1229 traded vs 152 OI: Earnings 8/2 After Close (est) $30.65 Ref
  • Thor Industries, Inc. THO Sep 90.0 Puts Sweep: 726 @ ASK $5.40: 727 traded vs 87 OI: Earnings 6/5 After Close (est) $93.19 Ref
  • AmTrust Financial Services Inc AFSI Jun 10.0 Puts Sweep: 1000 @ ASK $0.30: 1165 traded vs 1166 OI: Earnings 8/2 After Close (est) $11.97 Ref
  • GrubHub Inc GRUB Jun 40.0 Puts Sweep: 670 @ ASK $0.448: 672 traded vs 889 OI: Earnings 7/27 Before Open (est) $43.37 Ref

Watch These 7 Huge Call Purchases In Tuesday Trade

These trades were placed during Monday’s regular session.

  • General Mills, Inc. GIS Oct 62.5 Calls: 9000 @ ASK $0.85: 10k traded vs 1647 OI: Earnings 6/29 Before Open (est) $56.67 Ref
  • GoPro Inc GPRO May 26th 9.5 Calls Sweep: 2000 @ ASK $0.11: 7767 traded vs 303 OI: Earnings 7/26 After Close (est) $9.10 Ref
  • Hewlett Packard Enterprise Co HPE May 26th 19.0 Calls Sweep: 2233 @ ASK $0.15: 4544 traded vs 2087 OI: Earnings 5/31 After Close $18.80 Ref
  • Endo International plc ENDP Jul 15.0 Calls Sweep: 600 @ ASK $0.30: 1532 traded vs 3166 OI: Earnings 8/8 Before Open (est) $11.99 Ref
  • Toll Brothers Inc TOL May 26th 37.5 Calls Sweep: 618 @ ASK $1.25: 1041 traded vs 153 OI: Earnings Today Before Open $37.90 Ref
  • TTM Technologies, Inc. TTMI Jun 17.5 Call; 4984 @Bid @$0.05; Ref=$15.78
  • Square Inc SQ Dec17 19.0 Calls Sweep: 531 @ ASK $3.40: 1504 traded vs 3655 OI: Earnings 8/3 After Close (est) $20.55 Ref

Scott Bauer’s Momo Options Trade

Scott Bauer of Trading Advantage suggested on Bloomberg Markets a bullish options strategy in Momo Inc (ADR) MOMO.

The company is going to report earnings on Tuesday and the options market is anticipating a $5 move in either direction. Bauer thinks that the stock is going higher and he wants to buy the May 46/49 call spread for $0.80. The trade breaks even for $46.80 or 9.27 percent above the current market price. It can maximally make a profit of $2.20.

Scott Bauer’s Momo Options Trade

Scott Bauer of Trading Advantage suggested on Bloomberg Markets a bullish options strategy in Momo Inc (ADR) MOMO.

The company is going to report earnings on Tuesday and the options market is anticipating a $5 move in either direction. Bauer thinks that the stock is going higher and he wants to buy the May 46/49 call spread for $0.80. The trade breaks even for $46.80 or 9.27 percent above the current market price. It can maximally make a profit of $2.20.

Former Vice Chairman of the NASDAQ, David Weild, Joins Advisory Board of KinerjaPay, Indonesia’s First U.S. Publicly Traded Company

KinerjaPay Corp., (OTCQB: KPAY), a digital payment and ecommerce platform, (“KinerjaPay” or the “Company”) today announced that David Weild, former Vice Chairman of the NASDAQ, has joined the Company’s Advisory Board.

Mr. Weild currently serves is Chairman and CEO of Weild & Co. He is the former Vice Chairman of NASDAQ and head of investment banking and equity capital markets at Prudential Securities and the former President of PrudentialFinancial.com.

Mr. Weild co-authored a number of studies evaluating the impact of the modern electronic markets on the decline in equity capital formation that have been referred to by the White House, U.S. Congress, U.S. Securities and Exchange Commission, the European Commission, the Organization of Economic Cooperation and Development, the Federation of European Securities Exchanges, the G-20, the Budapest Economic Forum and numerous stock exchanges in North and South America, Europe and Asia. These studies have also been credited with contributing to the creation of the JOBS Act.

Commenting on his appointment, Mr. Weild said, “Indonesia represents one of the largest opportunities in the e-commerce sector. It is the fourth largest country in the world by population with a GDP just under $1 trillion, yet its citizens are largely underserved by the banking industry and less than 10% even have credit cards. KinerjaPay has found a way to bridge that gap, for both consumers and businesses, and I look forward to working the Company to expanding their platform across Indonesia and Southeast Asia.”

Edwin Ng, Chairman and CEO for KinerjaPay Corp. commented, “We are so pleased to welcome David to the KinerjaPay Advisory Board. He has spent much of his career focusing on accelerating economic growth and improving competitiveness in the financial markets, and I expect that we will benefit greatly from his expertise as we seek to manage the accelerating growth of our user base and add services to the KinerjaPay platform.”

Mr. Weild earned his MBA from the Stern School of Business and a BA in Biology from Wesleyan University and studied on exchange at The Sorbonne, Ecole des Haute Etudes Commerciales and The Stockholm School of Economics. He is also Chairman Emeritus of Tuesday’s Children (http://www.tuesdayschildren.org), the noted 9/11 charity that also provides support to US military families of the fallen, first responders and set up the Resiliency Center of Newtown.

About KinerjaPay

KinerjaPay enables consumers to “Pay, Play and Buy” through its secure web portal and mobile applications. Based in Indonesia, the Company provides easy and convenient payment solution while shopping online at its marketplace platform. With its current omni-channel platform, users can perform various payment services such as credit card bill payment, utility, phone bill, healthcare insurance and direct transfer to anyone at their convenience. KinerjaPay is also planning to launch other eCommerce verticals such as travel market, delivery services, and online gaming in the near future. The Company’s services are available through its mobile applications and on its website at http://www.kinerjapay.com.

Notice Regarding Forward-Looking Statements

This press release may contain forward-looking statements, about KPAY’s expectations, beliefs or intentions regarding, among other things, its product development efforts, business, financial condition, results of operations, strategies or prospects. In addition, from time to time, KPAY or its representatives have made or may make forward-looking statements, orally or in writing. Forward-looking statements can be identified by the use of forward-looking words such as “believe,” “expect,” “intend,” “plan,” “may,” “should” or “anticipate” or their negatives or other variations of these words or other comparable words or by the fact that these statements do not relate strictly to historical or current matters. These forward-looking statements may be included in, but are not limited to, various filings made by KPAY with the U.S. Securities and Exchange Commission, press releases or oral statements made by or with the approval of one of KPAY’s authorized executive officers. Forward-looking statements relate to anticipated or expected events, activities, trends or results as of the date they are made. Because forward-looking statements relate to matters that have not yet occurred, these statements are inherently subject to risks and uncertainties that could cause KPAY’s actual results to differ materially from any future results expressed or implied by the forward-looking statements. Many factors could cause KPAY ‘s actual activities or results to differ materially from the activities and results anticipated in such forward-looking statements, including, but not limited to, the factors summarized in KPAY ‘s filings with the SEC. In addition, KPAY operates in an industry sector where securities values are highly volatile and may be influenced by economic and other factors beyond its control. KPAY does not undertake any obligation to publicly update these forward-looking statements, whether as a result of new information, future events or otherwise. Please see the risk factors associated with an investment in our securities which are included in our Annual Report on Form 10-K as filed with the U.S. Securities and Exchange Commission on February 11, 2016.

For more information, please visit our website http://www.kinerjapay.co. There you will find access to all of our past press releases and SEC filings regarding the activities discussed in this letter.

Media Contact:
KinerjaPay Corp.
Email: info@kinerjapay.co
+62-8229-777-0098
SOURCE KinerjaPay Corp.

SHEDDING LIGHT ON SOLIS TEK INC (OTCMKTS:SLTK)

Solis Tek Inc (OTCMKTS:SLTK) is a rising superstar in the green sector. They have vertically integrated their entire business model and even diversified to other related sectors to lessen their market risk. Let us shed light on this very interesting company whose product portfolio includes efficient indoor horticulture lighting, which has applications not only for the legal cannabis market, but also reaches out to take the aquaponics sector. Now that’s a bright future!

SLTK has the proverbial finger in every pie for the green industry; they have operations beginning from research and then manufacturing and then retailing consumers. They market their products to institutional buyers and also cater to end consumers. While they are more well-known in the cannabis sector, they also have branched out to horticulture, specifically aquaponics, with their new line-up of products.

Another piece of news that makes Solis Tek Inc (OTCMKTS:SLTK) such a rising star is their growing market. Regarding bottom-line financials, we can practically hear the enthusiasm and optimism of management. Dennis G. Forchic, Chief Executive Officer of Solis Tek, on quarter financial standings, reported:

“In the first quarter of 2017, we delivered record top line revenue and significantly improved gross margins. Our strong revenue performance drove record gross profit for Solis Tek and although net income was negative according to GAAP, on a Non-GAAP adjusted basis we were almost break-even for the quarter.” He further stated, “As a company focused on providing products and solutions to commercial and non-commercial cannabis cultivators, we are uniquely positioned to capitalize on the rapid growth of the cannabis market. Solis Tek is a strong nationally recognized brand in lighting for the cannabis industry and has established itself as a supplier of lighting to top growers for nearly a decade. Our first quarter of 2017 was highlighted by a number of new clients acquiring our digital lighting products as well as a number of significant expansion projects from our existing customers. I believe Solis Tek is poised to continue to build market share within the cannabis industry and I am excited to have joined the Company at an inflection point in its growth and path towards maximizing its potential.”

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With the incoming legalization of recreational marijuana in Nevada this July, we can expect more revenues for SLTK.

Their financial history also shows an increasing pace. According to the SLTK press release:

“…reported record revenues for the year ended December 31, 2016 of $8,563,751 compared to revenue of $7,713,456 in 2015. This represents an 11% increase in revenue over 2015. Gross profit for the years ended December 31, 2016 and 2015, was $3,123,859 and $2,719,036, respectively. The gross profit increase of $404,823 or 15% was primarily due to the increase in revenue.

Business and Financial Highlights for 2016

– Company had revenues of $8,563,751 for 2016; up 11% from full year 2015;

– Gross Profit of $3,123,859 for fiscal 2016; up 15% from full year 2015;

– Gross Margins increased to 36.5% up from 35.3% in 2015;

– Cash balances increased 159% year over year;

– Won Dope Magazine’s 2016 Best Lighting Company Award.”

SLTK is still in ranging mode; there is a bollinger band squeeze and lessening of volume after the stock broke the near-term resistance of 1.900 and has made a new support line around 1.6375. Stock is currently trading at 1.72 with RSI at 49, supporting the view that it is still ranging. We could see a big impact come July when legalization for Nevada pushes through. Many investors will be in accumulation phase whenever they see opportunity to buy this stock , namely when it hits support lines. For continuing coverage on shares of $SLTK stock, as well as our other hot stock picks, sign up for our free newsletter today and get our next hot stock pick!

The Market In 5 Minutes 5/22/2017

  • While some investors fear the uncertainty of possible Trump impeachment proceedings, others seem to be realizing that the possibility of a Mike Pence presidency could be the best possible news for investors:
  • Now that most companies have reported first-quarter earnings, Benzinga took a look at some of the largest, most popular tech companies in the world to determine how much value investors are getting from a share of stock at the current market price:
  • Last week, a deal was confirmed between the ride-hailing service Lyft and autonomous car company Waymo, an Alphabet Inc (GOOG) (GOOGL) subsidiary. While the companies are keeping hush on details, each offered statements confirming the deal:
  • Wal-Mart Stores Inc (WMT) shook up the business world after announcing its massive acquisition of Jet.com to boost its e-commerce operations last August. It’s huge e-commerce bet on Marc Lore is starting to pay off:
  • Pandora Media Inc (P) is on the market with a 30-day sale goal, and none but Sirius XM Holdings Inc. (SIRI) seems to notice: THE WALL STREET JOURNAL
  • Ford Motor Co. (F) will replace Chief Executive Mark Fields with Jim Hackett, the former head of office-furniture maker Steelcase Inc. who joined the auto maker in 2016, according to people familiar with the matter:
  • The future of Arconic Inc. (ARNC) is up for grabs this week in a tightly fought shareholder vote that will test the growing power of activist investors:
  • Former managers at one of the largest U.S. solar-energy companies, Sunrun (RUN), say they manipulated a key sales metric around the time of the company’s August 2015 initial public offering:
  • For decades, investors imagined a time when data-driven traders would dominate financial markets. That day has arrived:

REUTERS

  • The world’s largest private equity fund, backed by Japan’s Softbank Group and Saudi Arabia’s main sovereign wealth fund, said on Saturday it had raised over $93 billion to invest in technology sectors such as artificial intelligence and robotics
  • Barclays will hire 100 new staff in its private bank as it launches its second attempt in the last seven years to win more business from wealthy clients, a source with direct knowledge of the plans told Reuters:
  • Akzo Nobel shareholders angered by the Dutch paint maker’s rejection of a 26.3 billion euro ($29.5 billion) takeover offer from U.S. rival PPG Industries (PPG) on Monday took their fight to an Amsterdam court:

    BLOOMBERG

  • Battery-making gigafactories are about to arrive in Europe, challenging a lead Tesla Inc. (TSLA) is building at a plant in Nevada and opening the way for a quicker shift toward green power for both cars and utilities
  • Oil advanced a fourth day in the build-up to OPEC’s gathering in Vienna this week, asspeculation grows that production cuts will be extended into next year:
  • Blackstone Group LP (BX), the world’s biggest private equity manager, is eyeing more than $100 billion in infrastructure investments with a new strategy anchored by Saudi Arabia’s Public Investment Fund:
  • For commodity traders operating in the Information Age, just good old trading doesn’t cut it anymore:

NY POST

  • Robots really mean skyrocketing economic growth and higher-paid jobs, a new think-tank report reveals:

CONSUMER

ENERGY

Energy XXI (EXXI) Q1 GAAP EPS $(1.97), Sales $157.91M vs $116.29M YoY, Earnings Includes Impairment Charge

INDUSTRIALS

FINANCIALS

HEALTHCARE

Biostar Pharmaceuticals (BSPM) Reports Q1 EPS $(0.38) vs $(0.28) In Same Qtr. Last Year, No Sales vs $801.627K YoY

TECHNOLOGY

Booz Allen Hamilton (BAH) Q4 EPS $0.45 vs $0.43 Est, Sales $1.58B vs $1.48B Est
Cheetah Mobile (CMCM) Q1 Adj. EPS $0.12 vs $0.03 Est, Sales $172.99M vs $170.97M Est

ECONOMIC FIGURES

08:30 a.m. Chicago Fed National Activity Index

10:00 a.m. FOMC Member Harker Speaks

10:30 a.m. FOMC Member Kashkari Speaks

11:30 a.m. 6-Month Bill Auction

11:30 a.m. 3-Month Bill Auction

7:30 p.m. FOMC Member Brainard Speaks

Analyst & Shareholder Meetings

  • 9:00 a.m. Royal Caribbean Cruises (RCL)
  • 10:00 a.m. DeVry Education (DV)
  • 12:00 p.m. Targa Resources (TRGP)
  • 1:00 p.m. Travelzoo (TZOO)
  • 1:00 p.m. Twitter (TWTR)
  • 2:00 p.m. Morgan Stanley (MS)

UPGRADES

  • JP Morgan Upgraded Qualcomm (QCOM) from Neutral to Overweight
  • B. Riley Upgraded Genesco (GCO) from Neutral to Buy
  • Barclays Upgrades Mylan (MYL) From Equal-Weight to Overweight

DOWNGRADES

  • JP Morgan Downgraded Centene (CNC) from Overweight to Neutral
  • DA Davidson Downgraded Arista Networks (ANET) from Buy to Neutral
  • Baird Downgrades Zoe’s Kitchen (ZOES) From Outperform to Neutral

Deal Talk

  • Huntsman Corporation (NYSE: HUN) is close to an agreement to merge with Clariant in a deal valued at around $14 billion, according to the Wall Street Journal. Huntsman shares gained 3.37 percent to close at $26.71 on Friday.

US OPTIONS RECAP

  • NKE Nike Jul 52.5 Calls: 1000 @ ASK $1.44: 4932 traded vs 943 OI: Earnings 6/27 After Close (est) $51.78 Ref

     

  • NKE Nike Oct 55.0 Calls Sweep: 554 @ ASK $1.58: 991 traded vs 2113 OI: Earnings 6/27 After Close (est) $51.89 Ref

     

  • MAT Mattel Jul 23.0 Calls Sweep: 2998 @ ASK $0.90: 3001 traded vs 1123 OI: Earnings 7/20 After Close (est) $22.26 Ref

     

  • GIMO Gigamon Oct 35.0 Puts: 1000 @ ASK $2.95: 2275 traded vs 194 OI: Earnings 7/27 After Close (est) $37.97 Ref

     

  • MDRX AllScripts Jun 13.0 Calls: 500 @ ASK $0.10: 1007 traded vs 392 OI: Earnings 8/3 After Close (est) $11.92 Ref

     

  • RT Ruby Tuesday Jul 2.5 Calls: 1000 @ ASK $0.20: 3000 traded vs 6163 OI: Earnings 7/20 After Close (est) $2.26 Ref

     

  • SBUX Starbucks Jul 60.0 Puts Sweep: 1800 @ ASK $0.909: 1825 traded vs 2893 OI: Earnings 7/27 After Close (est) $61.66 Ref

     

  • RT Ruby Tuesday Jul 2.5 Calls: 2000 @ ASK $0.20: 2000 traded vs 6163 OI: Earnings 7/20

     

  • RHI Robert Half Jun 50.0 Calls Sweep: 1104 @ ASK $0.213: 2060 traded vs 205 OI: Earnings 7/20 After Close (est) $46.20 Ref

     

  • MDLZ Mondelez June 2018 $38 Put; 2000 @Bid @$1.77; Ref=$45.58

     

  • NKE Nike Jul 52.5 Calls Sweep: 661 @ ASK $1.485: 1642 traded vs 943 OI: Earnings 6/27 After Close (est) $51.83 Ref

     

  • HLF Herbalife Jan18 45.0 Puts: 600 @ ASK $1.83: 600 traded vs 2716 OI: Earnings 8/3 After Close (est) $71.14 Ref

     

  • SNAP Snap May $20 Put @Bid @$0.06; Ref=$20.29

     

  • NKE Nike

Nasd 100…FANG names are attracting the new buying.

Nasd 100…FANG names are attracting the new buying.
A close over 5636 keeps the Nasdaq in a Risk On footing.
Spu’s…need a close over 2379 to keep the weekly pattern intact.
The later it gets in the day the greater the propensity of a melt up.

Short-term traders can still sell closer to 2379 early in the day looking for price rejection but only for a scalp, not a longer-term short.

Fighting the Bull late day on a Friday has proven to be a very low probability endeavor.