Blue Horseshoe Stocks: AAPL, ORFG Updates & Extended Watchlist

Update on AAPL Options

We’ve been tracking AAPL pretty intensively over the past couple of weeks, beginning on the 14th of this month. What has followed has been a very impressive uptrend, as we’ve witnessed a move in the stock from a low of $588 to this morning’s pre-market high of $639; that’s a 50-point move in just a couple of weeks.

Between the Beats rumor, the fact that AAPL has a forward split coming, and the approach of a new iPhone which will reportedly boast a larger screen, it seems there is a lot of speculation in the air, and we’ve done well in using it to our advantage.

Last week, we were afforded the chance at percentage increases in the hundreds and thousands from Calls in the $605-610 range, and with the continued uptrend exhibited by AAPL this week, the opportunities were still ripe for the picking in some of the pricier contracts. For example, the $627.50 Calls ran from a low of 1.97 on Wednesday, to a high 9.80 during yesterday’s session, an overnight gain of up to 397%, and appear to be gapping up even further this morning.

In the event of a sustained uptrend in AAPL, we’ll be monitoring the $635-640 Calls, making sure to keep our strike price relatively close to the money.


Orofino Gold Corp. ORFG

ORFG turned out to be a good call for us as the main feature of yesterday’s report, as the stock came down to a low of .0175 in the morning, before showing us a high .0249 shortly before the close. That equates to a solid 42% intraday gain for this bottom play.

We observed higher highs and higher lows in ORFG, and it managed to maintain well over half of those gains into the close (.0229), so we’ll continue to keep an eye on this play moving forward.

The company signed a couple of LOI’s this month, so we’ll be interested to see how those pan out as well:


Extended Watchlist:
FLST, PLX, OPTT, ARRY, NEWL, DARA(Gapping down, potential bounce?)

Blue Horseshoe Stocks: Bottom Bouncer & Extended Watchlist

Orofino Gold Corp. ORFG

We’ve got ORFG on our radar this morning- this stock has come off of a recent double-bottom, and looks like a potential candidate for finishing out the week on a solid note.

There are a number of things attracting us to the ORFG chart at the moment. Firstly, we can see a strengthening RSI that looks to be on the verge of cracking through the 50-line.

The MACD is also looking good, being in the midst of a bullish cross. If you take a look back to the third week in April you can see that the last time ORFG underwent a bullish MACD cross, the stock ran to nearly a nickel.

To stay interested in where this one might take us, we’ll need to see it maintain support at or above the 50DMA (.015). Resistance crops up at the recent swing high of .027, and beyond that, the 200DMA at .031. A break through that range, and things could get interesting quickly.


Extended Watchlist:
BYD, FB, DDD, PCLN, AAPL

Blue Horseshoe Stocks: GRCU, SPEX, Options & Extended Watchlist

Green Cures & Botanical Distribution Inc. GRCU

We made sure to tag this long-time favorite yesterday on its first day trading as GRCU (Formerly TTDZ), and the stock made a couple of nice swings for us.

It played out a dip and rip scenario, trading up to .039 first thing in the morning before coming back to bounce off of the ,029 -level and making a subsequent 21% move to .035. It dipped back to .029 once again before running back to .0325, tacking on an extra 12% to possible gains for the day.

Moving forward, we’d like to see GRCU hold support above yesterday’s swing-low of .029, and attempt to break through resistance at .039.

Green Cures’ product line is Green Magic, which is sold at allbotanical.com; They also have a product called Hemjoba, a phytocannabinoid (compound found in cannabis) topical pain relieving lotion.

With some key changes in management coming as well, we won’t want to let GRCU slip off of our radars in the foreseeable future.


Spherix, Inc. SPEX

After including SPEX in our Extended Watchlist yesterday, we were especially pleased with the monster session it put forth. After opening at 1.69, it traded all the way up to 3.20; a solid 89% move on huge volume.  If we’ve said it once we’ve said it a hundred times. Plays like these are exactly why it’s so important to monitor our Extended Watchlist plays as intensively as those that we feature. Hidden gems like this are turning up all the time.

SPEX has already traded in a range from 3.35-4.25 in pre-market trading this morning, so we’ll be open to the possibility of a nice bounceplay wif and when eventual profit-taking begins to pull this one back. Those just showing up to this party will want to be on the lookout for that reversal, and be ready to snipe some quick gains on a possible dip-and-rip.


Options Calls Continue To Pay Dividends on Record Bull Run

All of the big-board momentum plays that we’ve been tracking options in since last week continued to yield us prime opportunities yesterday. Multiple times, we’ve reminded readers of the high potential in PCLN, FB, TSLA, GOGO, DDD, and of course, AAPL.

If people were in-sync with our line of thinking heading into yesterday’s session, it’s highly likely that they came away with some serious profit trading options calls in any of these plays.

The bullish trend in the overall market hasn’t yet exhibited any clear signs of slowing down, even as it pushes to new all-time highs.


Extended Watchlist:
IGC, CYTR, FCEL, DRWI

Blue Horseshoe Stocks: Update on AAPL & Extended Watchlist

Apple, Inc. AAPL – Options

On Friday, our morning report contained a blurb in which we stated we’d be “hot on the trail of potential gains in the Apple options chain”, and we certainly hope folks got in on some of the action that ensued. We have been following AAPL quite heavily since our report on Wed. the 14th, wherein we commented on the Apple-Beats buyout rumor.

AAPL stock tore out of the gate, bulling its way up all day to more than $614 just prior to the close. As a result, the options contracts we were following in the $605-610 range steadily ramped up in price over the course of the session.

As you can see on the graphic below, some truly notable gains were possible for anyone trading these contracts. The daily ranges on these things were quite impressive:

$605 Calls – Day’s Range: 2.15-9.76 – Max Gain: 354%

$607 Calls – Day’s Range: .83-7.13 – Max Gain: 759%

$610 Calls – Day’s Range: .25-4.70 – Max Gain: 1780%

It really wouldn’t have mattered which Calls you were into on Friday- traders literally could have thrown a dart at a board filled with contracts and come up with a winner!

AAPL continued to press upward this morning, as the stock has traded as high as the 618.90′s in pre-market activities. Now that it has broken well above the previous resistance point of $607.33, that’s the level we’d like to see hold as support in the event of any pullbacks.

Other stocks that had significant gains in the options calls from last week that we want to continue to monitor this week include: DDD, TSLA, GOGO, DDD & FEYE



Side Note:

Triton Distribution Systems, Inc. TTDZ now trading as:
Green Cures & Botanical Distribution Inc. GRCU

TTDZ, a stock that has given us many chances to profit in 2014, finally underwent the name and symbol change that we had been anticipating, becoming GRCU.

If you recall, this play was one of the largest runners we encountered during the “green rush” earlier this year. We caught it at a low of .0012 on January 30th, and subsequently rode it to a high of .049 in early April. For anyone without a calculator handy, that equates to a staggering move of 3983% in just over two months time! It’s hard not to call that one of our biggest successes of the year so far.

The company has also gone live with a new website that you can find @ http://gcbdinc.com/

We’re going to begin monitoring this, and other marijuana related plays more heavily in coming weeks. As many of you will remember, we’re anxiously awaiting the start of legal sales in Washington State, presently slated for mid-July. It could very well provide the cannabis sector with another swell of interest and buying, much like the beginning of sales in Colorado did back in January, which of course sparked one of the most monumental sector surges the penny markets have ever seen.


Extended Watchlist:
BCRX, ARO, VRNG, INO, SPEX, ADXS

Blue Horseshoe Stocks: End-of-Week Updates

Update on This Week’s Options Calls

Sensing the overall trend in the markets yesterday led us to profess our interest in Options Calls on these big-board stocks. It turned out to be a good decision- it wouldn’t have mattered which options chain you went with, gains were possible with all four:

FB, GOGO, PCLN, TSLA

The biggest opportunities came with GOGO and TSLA, but we’re still looking at call contracts for all of them. Additionally, we want to add FEYE and DDD to that mix as we head into the upcoming long weekend.

We’ve also been tracking AAPL Calls intensively over the past several sessions, and the stock did in fact hit new highs in the $609′s yesterday, so we’ll keep ourselves hot on the trail of potential gains in the Apple options chain as well.

It isn’t every day that we track options calls so heavily, but when we do, it seems to work out for us more often than not.


Royale Energy, Inc. ROYL

ROYL was a particularly bright spot on yesterday’s Extended Watchlist. The stock began to run right out of the gate, rapidly appreciating from it daily low of 3.12 to a subsequent high of 4.12.

That was a solid intraday move of 32% on nearly 39x its 3-month average, perhaps largely due to the PR that hit the wires yesterday:

SAN DIEGO, May 22, 2014 (GLOBE NEWSWIRE) — Royale Energy, Inc. (ROYL), announced that Rampart Energy, Ltd and Royale Energy, Inc. are pleased to jointly issue an update to shareholders and stakeholders on the seismic received:

HIGHLIGHTS

  • Large conventional target up to 20,000 acres in size;
  • Strongly supported by Direct Hydrocarbon Indicators (‘DHI’s');
  • Joint interpretation of the Big Bend Cube taking place in San Diego;
  • Very strong results dovetail into drilling plans with submission of key permits for approval by Alaskan regulators;
  • Prospective Resource assessment to be completed soon. >>FULL PR

We’ll most likely be monitoring this play for awhile, as positive results from that upcoming ‘Resource Assessment’ could drive even more interest ROYL’s way.


Extended Watchlist:
OWW, RNA, IDN, WAVX, LIQD, IVAN, ZIOP