Tomorrow is quadruple witching day: stock index futures, stock index options, single stock futures, and stock options all expire. Expect volatility. Either my scans are not comprehensive enough or (more likely) I lack imagination. Only two stocks interest me much tomorrow.
HCEI – A former zero-volume stock, this ran big today. It likely has more run left in it tomorrow, though as always, with the crappiest penny stocks a trader needs to sell at the first sign of weakness.
SPDE – Big move on news, volume was 5x higher than any previous day in last six months. Tim Sykes is long, I’m long, The Lionmaster is short. It did hold $7 nice throughout the day but did fade a little towards the end and didn’t make new highs towards the end of the day like I like on stocks I hold long overnight. I think this could spike or drop in the morning, but it is quite possible it will do what many one-day spikers have done recently and just be choppy and not move big.
Disclosure: Long 2800 shares of SPDE @ $7.055 that I bought in after-hours trading. I have a disclosure policy.