Blue Horseshoe Stocks: MNKD Recap & More

MannKind Corp. MNKD

We’ve been tracking MNKD pretty closely since April (saw a low of .6662 in May), and more recently, mentioned it in both Monday’s and yesterday’s premarket reports.

The intraweek swing made by the stock has been rather impressive, as it ran from a low of 2.01 on Monday to a new high of 6.51 yesterday. That works out to an increase of 224% Even readers who only caught yesterday’s alert still had a shot at gains of up to 80% (3.62-6.51).

Now’s a good time to mention our daily traders chats for the first time in awhile. These Skype-based live chats are open to any of our readers (Send contact request to “stocksumo”), and often provide added ideas over and above what we include in our daily premarket newsletters.

We signaled the MNKD Weekly $3.50 Calls and as you can see on the included snapshots, those subsequently ran from .40-2.80 for an intraday burst of 600%


Today we’ll want to keep an eye on the $5.00 and $5.50 Calls* in case MNKD wants to test that 6+ range again. We may also look to the 10/20 $5.50 and $6.00 Calls for possible swing trades in coming sessions.

*Important: Never trade options with a weekly expiration on a Friday unless you’re an expert trader with disposable funds. It’s extremely risky.


Constellation Brands, Inc. STZ – Options Update

After a premarket earning beat and outlook hike. we alerted on a range of contracts in the STZ options chain yesterday morning. We were looking to the STZ 10/20 $210-220 Calls and all three produced notable moves on the day.

The $210′s ran from 2.05-4.96 (+142%), the $215′s from 1.10-2.37(+115%), and the $220′s from .55-1.01 (+84%). We’ll definitely want to continue to keep an eye on these calls, which don’t expire for another couple of weeks.


Extended Watchlist:
CDNA, XXII, KTOV, SNCR, TROV, DELT, GIGA, CEI