Many investors are familiar with the meteoric growth of ICE, which has seen its revenue increase some 90% and its stock price rise 200% to $150 over the past year.
I'll be speaking with the CEO of Optionable later today trying to get more details on the nature and fundamentals of its business and suss out its plans. In the meantime, I wanted to pass along what could become a momentum play as it hits more people's radar screens.
Please note that due to factors including low market capitalization and/or insufficient public float, we consider Optionable to be a small-cap stock. You should be aware that such stocks are subject to more risk than stocks of larger companies, including greater volatility, lower liquidity and less publicly available information, and that postings such as this one can have an effect on their stock prices.
P.S. Will you be there when Cramer makes his next move?
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Steven Smith writes regularly for TheStreet.com. In keeping with TSC's editorial policy, he doesn't own or short individual stocks. He also doesn't invest in hedge funds or other private investment partnerships. He was a seatholding member of the Chicago Board of Trade (CBOT) and the Chicago Board Options Exchange (CBOE) from May 1989 to August 1995. During that six-year period, he traded multiple markets for his own personal account and acted as an executing broker for third-party accounts. He appreciates your feedback; click here to send him an email.To read more of Steve Smith's options ideas take a free trial to TheStreet.com Options Alerts.
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