Month: November 2017

Blue Horseshoe Stocks: Options Updates & More


Snap, Inc. SNAP – Options Idea

We ‘d like to signal our interest in tracking some SNAP puts in the wake of a poor earnings report wherein it was revealed that the company’s quarterly nearly tripled over Q2. Conversely, we were also hit with the news that China based Tencent Holdings would be taking up a 12% stake in its parent company.

Despite a mixed bag of news this morning, we’re getting a bearish feeling on SNAP, and would like to track some puts through the rest of the week. We’ve had some pretty good success with options ideas for this chain in the past, and conditions appear favorable to possibly see some nice activity in the SNAP Weekly $15-14 Puts.


Valeant Pharmaceuticals International, Inc. VRX – Options Update

Yesterday’s options idea pertained to VRX after a solid earnings report, for which we signaled the VRX Weekly $13-14 Calls.

Fast-acting traders had some nice chances for profits early on in the session as those contracts displayed the following moves inside the first hour of trading.

$13 Calls – Range: .82-1.42 – Max Gain: 65%
$13.50 Calls – Range: .52-1.04 – Max Gain: 100%
$14 Calls – Range: .28-.66 – Max Gain: 136%

Chatroom Call

RLOG came up on a routine scan right before the open yesterday after we published our premarket report, but we did catch it in time in our chatroom.

The stock made a run from .67 low to a high of 1.93 for an impressive 188% move. This is another example of why it’s so important to be a part of our daily traders chats- often we find plays that are alerted in the chatroom after our morning reports are published!

All of our subscribers are free to join in these chats, by simply sending a Skype contact request to username ‘stocksumo‘.


Extended Watchlist:
NPTN, CHRS, PTOP, BPMX, TTWO, GOL, PCRX,

Blue Horseshoe Stocks: Cannabis Commentary & More

NeoPhotonics Corp. NPTN

We’re always bargain hunting for stocks that have been recently beaten back to what appear to be unsustainably low levels, and we’re observing one heck of a double bottom setup on NPTN at the present time.

Twice now the stock has touched and rebounded off of the mid-$4 range, with the annual low coming in at 4.56. We’re going to want to place NPTN on watch in sessions to come and look for the stock to establish higher levels of support.


Valeant Pharmaceuticals International, Inc. VRX

It’s been awhile since we had a look at VRX, and as it turns out, this is another stock that looks ready to start a trend off of a recent relative low.

VRX is gapping up considerably into the $14-range this morning on the heels of a solid earnings beat. We’re going to signal a range of options contracts to watch for some possible dip-and-rip activity. This is just the type of setup we routinely look for, and we’ll be tracking the VRX Weekly $13-14 Calls for the remainder of the week.


Cannabis Commentary

It has been a slow year in general for many domestic cannabis stocks, due, at least in part, to a DOJ led by outspoken marijuana opponent Jeff Sessions. It has created an environment of uncertainty pertaining to the federal government’s likelihood of creating problems for marijuana businesses, even in states where voters have officially spoken and legalized the plant. The marijuana movement is here to stay, but at present, is dealing with this roadblock of sorts.

That doesn’t mean our interest in the sector has diminished. In fact, we’re as exuberant about the future of the cannabis industry as we ever were. North of the Border, Canadians will enact a nationwide end to prohibition just 8 months from now.

The World Anti-Doping Agency, which was formed by the International Olympic Committee to police the use of performance enhancing drugs in athletics, also recently removed Cannabidiol (CBD) from its list of banned substances, opening up a huge market for the hemp-derived product.

Here are just a few of the cannabis plays that we track on a regular basis, and will continue to do so as we head into 2018, which we feel is going to be a big year for the industry and all of its subsectors. Maybe the biggest one yet!

MJNA, TRTC, MJTK, AGTK, GRNH, HEMP, ACBFF, APHQF,  TWMJF, CBIS, XXII,

Extended Watchlist:
TXMD, EVEP, DXTR, COLL, CRC

Blue Horseshoe Stocks: Options Roundup & More

Options Review

Apple, Inc. AAPL  – AAPL beat on earnings as well as kicking off sales on the iPhone X, and two out of three of the AAPL Weekly $170-175 Calls* we signaled for possible daytrades ended up recording some nice moves on the day.

Our first order of business to kick off the fresh week is to recap those moves followed by another set of winners we chose on Friday.

The AAPL $170 Calls ran from 1.63-3.82 for potential gains of up to 135%, while the , $172.50s made an even nicer move from .31 to 1.36 for an intraday rip of 339%

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Arista Networks, Inc. ANET  – The set of ideas we formulated for ANET on Friday were the 11/17 $195-210 Calls, and all three sets of contracts in that range provided traders with the chance at multi-bag intraday gains.

$195 Calls – Range: 3.15-9.30 – Max Gain: 195%
$200 Calls – Range: 2.40-5.80 – Max Gain: 142%
$210 Calls – Range: 1.00-2.11 – Max Gain: 111%

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Fresh Idea:

For a new potential play, we’re looking at Pandora Media, Inc. P which took a gut punch on Friday, falling to its lowest prices since early this summer. The last time the stock was this oversold, it followed it up with a run from 6.75 to to 10.00.

We’re going to go out a couple of months on the expiration and track the  P 01/19 $6 and $7 Calls so we have plenty of time to see Pandora make the rebound we’re after.

Keryx Biopharmaceuticals, Inc. KERX

We’re going to put KERX on watch after noticing multiple ripe indicators this morning. The stock bounced of a recent bottom and close with strength at the 200DMA on Friday. With the MACD gearing up for a bullish cross and the RSI just about to crack the 50-line, we’ll be interested to track the activity in KERX in coming sessions.

Extended Watchlist:
HMNY, EVEP, KORS, PTN, AMD, EGLT, NTES