DaytradeTeam Brainzzzz

BEXP had massive call option activity today after the Wall Street Journal mentioned that it might be a takeover target, even pushing implied volatility up to 76, well above its normal range:

Notice how the stock has extended its uptrend into new highs on increasing volume--a very bullish sign for a stock trade. We would look for opportunities to enter vertical credit spreads such as an "in the money" bull put spread on BEXP, so that you can profit from both time premium decay and the upward movement of the stock.

We will be monitoring BEXP very closely over the next few days for the best possible entry point. If you haven't tried DaytradeTeam yet, be sure to start a trial membership right now so that you are alerted in real time when we see big profit opportunities in option trading!