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Joe Kunkle's  Instablog

Joe Kunkle
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History/Trading Style: I have been trading for 12 years, since I was 15, and have studied a variety of trading techniques and strategies. I combine many trading philosophies and combine technical analysis, fundamental analysis, and macro-economic analysis into every trade. I mostly trade options... More
My company:
Options Hawk
My blog:
Options Hawk
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  • DG Fastchannel an under the radar stock that is flying higher

     ****DG Fastchannel (NASDAQ:DGIT) shares rose 3.5% amidst a weak tape on the second day of unusually strong stock volume, and options traders were also bullish the name.  2,000 calls traded while only 15 puts traded, or 6.5X the average call volume.  DGIT shares recently broke out of a bullish flag and out of a trend line off the highs.  Earnings are scheduled for May 7th for the media services and advertising firm that BMO Capital has a $34 target on with shares below $21.50.  1,265 of the call volume was due to new opening buys in the June $22.50 calls, a bullish outlook for shares of the new high flying small cap with a market cap of $450M.  DGIT implied volatility sunk from 65% to 52%, possibly the reasoning for traders stepping in to purchase cheap calls.

    Tags: DGIT
    Apr 21 6:45 AM | Link | Comment!
  • DCP Midstream is an Oil and Gas Pipeline Play Flying Under the Radar

    DCP Midstream (NYSE:DPM) showed up in my Diamonds in the Rough screen, a fundamental play.  Shares trade 4.8x trailing earnings, 1.3x book, yield a 16% dividend, and has some of the highest profitability ratios in the industry (Pipelines). The CFO bought 5,000 shares on March 13, bringing stake to 20,000 at $12.  Shares currently at $15.30 are near October highs and 200 day EMA, but a break through there could send money into the name.  

    Apr 13 1:08 PM | Link | Comment!
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