Month: August 2015

Blue Horseshoe Stocks: WIZD Update, Options Recap & More

Wizard World, Inc. WIZD

We want to provide an update on WIZD as we kick things off this morning, but first a quick memory-refresh; we called this stock as a bottom-play on Friday, July 31st after noticing it had been beaten back to new 52-wk lows just prior to that. On that day, we observed a low of .33, and WIZD did an excellent job of sustaining a recovery throughout last week, during which we provided multiple updates.

On Friday, the stock attained yet another new high, reaching a PPS of .53, which represents a respectable one-week increase of 61%

The chart continues to exhibit a bullish look, as we’ve pointed out on the following snapshot. Ideally we’d like to see the stock hold support at .48 on any pullbacks, and below that, .45. We’ll have it on steady watch as trading for the week commences.


Options Rundown

To recap a couple options-trading ideas we put forth at the end of last week. We cautioned that they may be subject to volatility, and were correct in that assumption. The result was several chances for prominent gains:

Apple, Inc. AAPL – On Friday we were mentioning our interest in AAPL Weekly $115 Calls, and the trading action that ensued was quite noteworthy. We were witnesses to an initial pop of 207% (.43-1.32), followed up by a pullback to .74, and subsequent spike to its high-of-day at 1.44, good for an added intraday move of 95%  That was followed by several lesser, yet still significant  swings; from .28-.54, .20-.45 and .20-.62.

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First Solar, Inc. FSLR – Similar volatile trading action in the FSLR options we specified occurred on Friday (Weekly FSLR $51-52 Calls.). Several opportunities were there for the taking as those contracts all made healthy primary runs followed by multiple dips-and-rips.

The $51 Calls ran 170% from .63-1.70,  and again from .76-1.10 (+48%). The $51.50 Calls first pop carried them from .34-76 (+124%), and later it registered added swings from .18-37 and then from .05-.19 in last hour of trading. Finally, the $52 Calls took off on a 163% rip from .38-1.00 , and managed an extra move from .24-.60 in the last hour.

Added Notes:

Aquinox Pharmaceuticals, Inc. AQXP is catching our eye off of the scanner; the stock has been on a major tear since the release of positive mid-point data on one of its drug trials, as well as an earning beat late last week.(>>>View PR)

Also on our watchlist to start things off today will be Value Setters, Inc. VSTR.

Blue Horseshoe Stocks: Celebrating Four Great Years!

Options Wrap-Up

We’ve been going heavy on our options tracking this week, and have unearthed some real gems as usual. To close things out today, we’ll identify a couple of things to watch for once action commences. 

Apple, Inc. AAPL – To reiterate our AAPL idea, we were tracking the stock and observing for a bottom early this week, which it found Wednesday. It led to some impressive gains in the Weekly $115 Calls, and those are the contracts that we’ll watch for added activity. *Remember: Trading in options with a weekly expiration on a Friday carries an elevated risk/reward dynamic.
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First Solar, Inc. FSLR – Earlier this week we saw intraday gains running from 188-579% from our FSLR ideas. We’ll roll our previous tracking range ($47-50.50) on Weekly FSLR Calls up to the $51-52 Level.
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FitBit, Inc. FIT – We’ve witnessed gains approaching the 100%-mark from Weekly FIT Calls in prior sessions, but today we’re going to enter a longer-term idea into the log for extended observation. We’re interested in the FIT September 18th $64 Calls.

Sub-Penny Bottom-Watchlist

Stragenics, Inc. ASAB & Pervasip Corp. PVSP

As you can see from the side-by-side snapshot below, each of these .0008-stocks appear ready to rebound off of their recent relative bottoms, and we’ll want to be paying close attention when they do. Especially in the case of PVSP; a play that we tracked over a monster run from late-June, early-July.

American Green, Inc. ERBB

We’ve been familiar with this stock since back when it was still trading as Tranzbyte Corp., although 2015 has been a near-constant downslide for the stock. One look at the chart and it’s self-evident.

It did however, respond to the logging of a new 52-week low on Wednesday with a higher low for yesterday’s session, so we’ll want to see if it can continue to establish a higher base of support. A rebound could be forthcoming at any time, so we’ll re-submit this to our running watchlist.

SPECIAL NOTE:

Today we are celebrating the 4th anniversary of Blue Horseshoe Stocks. It’s been a great ride so far, and we can’t wait for all the great things the future holds! Our thanks go out to our many valued subscribers and readers from around the globe for your continued support! Without you we’d have no reason to do what we do, so, Happy Birthday to the entire Blue Horseshoe Stocks community, one and all!

Blue Horseshoe Stocks: Options Rundown & More

Wizard World, Inc. WIZD

We’d like to start things off this morning with an update on a stock we’ve been tracking since the end of last week. We introduced WIZD in Friday’s premarket report, presenting it as a potential bottom-play. We noticed that it had recently been crushed down to new annual lows, and drew up a chart to illustrate the opportunity.

Over the last few sessions the stock has done a good job of building a higher base of support and regaining some of the ground it lost this summer. Yesterday it attained a daily high of .45, which marks a 36% upswing over our observed low.

We’ll want to see WIZD continue to make a healthy recovery, ideally holding support above .40 on any pullbacks. The stock was trading up close to a dollar as recently as June, and a return to those levels from current pricing would mean gains approaching 100% The chart is still bearing the look of potential, as you can see a number of bullish indicators on the snapshot below.

Options Rundown

First Solar, Inc. FSLR – Yesterday we identified a couple of potential options ideas, and one of them provided several chances for lucrative intraday trades. Our targeted range was the Weekly $47-50.50 Calls and while every set of contracts within did make increases, for time’s sake we’ll just highlight some of the top gainers.

The 47.50 Calls surged 188% from 1.91-5.50. The $50’s traded in a range from .63-3.15 , a whopping 400% jump, while the $50.50 Calls had the biggest day with a run from .38-2.58, an amazing 579%.
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FitBit, Inc. FIT – Also on our radar was FIT, which we mentioned on Tuesday with the idea of tracking the $50-51 Calls. Those contracts ended up making wild runs into earnings:

The $50 Calls traded as low as 2.19 on Tuesday and reached a high of 4.40 yesterday (+101%). The $50.50 Calls went from 2.14-4.10 (+92%), and the $51’s jumped from 2.00-3.85 (+93%).

After getting beat up on the heels of that earnings report, this morning we’ll watch for chances with the FIT $45-48 Calls.
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Apple, Inc. AAPL – We also want to make mention of AAPL, which we’ve been following this week via our extended watchlists, and in our traders chatroom*. After a period of consolidation, we were awaiting an AAPL rebound, and yesterday we got what we were looking for- big moves occurred in the Weekly $115-116 Calls. Moving forward, we’re going to be on the lookout for the possibility of added gains in those plays, especially heading into tomorrow when they close in on expiration.

*It gives us the opportunity to remind our readers that anyone wishing to participate in our daily live traders chats, simply send a Skype contact request to username ‘stocksumo’. We gladly encourage subscriber participation!

Pazoo, Inc. PZOO

We also want to shine a light on PZOO again today, with the company making a significant press announcement right at the open this morning:

WHIPPANY, N.J., Aug. 6, 2015 /PRNewswire/ — Pazoo, Inc. (OTC Pink: PZOO), is pleased to announce that the company has signed a lease to secure a location for its Oregon testing lab facility.

Pazoo’s Harris Lee management is very excited to have signed this lease and commenced meetings with the architect selected to begin the build out of the facility as soon as possible. Additionally, the Pazoo management team has also narrowed down several target states as strategic added locations for Harris Lee’s next expansion phase. >> FULL PR

Extended Watchlist:
HCTI, AREN