Stocks trading below $1 are where the wild moves live. They’re cheap for a reason — but that doesn’t mean they can’t offer explosive short-term opportunities. If you’re a disciplined trader who respects risk, this is where you can find plays that double (or more) in a matter of days.
Here are three sub-$1 names I’m watching closely this month — all with recent catalysts and strong volatility potential.
Bit Origin Limited (NASDAQ: BTOG)
Bit Origin just ripped over 50% in a single session on pre-market earnings hype — and the move was no fluke. The crypto miner announced it had regained compliance with Nasdaq’s minimum equity requirement, removing an overhang that had kept bulls on edge. The stock traded between $0.19 and $0.37 in the last two days — that’s the kind of range that makes traders pay attention.
With the crypto narrative heating up again and shares hovering around the $0.29 level, BTOG is right in the sweet spot for speculative setups. Watch for volume spikes and news flow ahead of its next filings. If it holds compliance and attracts retail momentum, it’s got room to run — but expect some violent shakeouts along the way.
Opendoor Technologies Inc (NASDAQ: OPEN)
Opendoor might be a surprise name on a penny stock list, but here we are. OPEN has been battered over the past two years, but it’s still one of the most recognizable players in real estate tech. The company has earnings coming up on August 5, and traders are starting to bid it up ahead of the number.
The stock was up 16% earlier this week on above-average volume. Hedge fund and institutional positioning has shifted dramatically in recent quarters — with some firms bailing and others aggressively adding. That tells me the smart money is positioning for something big. As always, use tight stops with a stock like this — it’s a former SPAC darling that still trades like a meme.
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Tilray Brands Inc (NASDAQ: TLRY)
This is the most dangerous and potentially rewarding play on the list. TLRY has collapsed more than 98% from its highs but just popped over 17% on optimism about federal cannabis reform under the Trump administration. If the U.S. moves forward with reclassifying marijuana, this stock could absolutely explode.
There’s also a major short squeeze setup in play. With nearly 20% of the float sold short and no debt bomb threatening to take it under, any good news could send shorts scrambling. That kind of move is fast, emotional, and extremely volatile — exactly the kind of trade where you want to plan your entry and exit in advance.
Just don’t mistake a squeeze for a long-term investment. TLRY still has major operational challenges, and it’s likely headed for a reverse split to maintain Nasdaq compliance. But with the right catalyst, this could be a $0.50 to $1 move in a heartbeat.
Final Thoughts
These aren’t stocks you hold — they’re setups you trade. Monitor volume, price action, and headline flow. And always respect your risk levels. The biggest mistake traders make with penny stocks is getting greedy when they should be locking in gains or cutting losses.
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