SPY Archives - Page 179 of 181 - Blue Horseshoe Stocks

Blue Horseshoe Stocks: UVXY, VXX Options & More

No Rate Hike – SPY & VXX Options Ideas

Another eagerly-anticipated FOMC meeting came and went without an interest rate hike by the Fed yesterday, and as a result we observed a dramatic rise in volatility for the markets. We expect that turbulent activity to carry over into today, and with the added caveat of it being expiration day for weekly contracts, it could give rise to some serious options-trading opportunities.

Currently we’re seeing the VXX and UVXY gapping up in the premarket this morning. We will be on the lookout for a potential bounce in the markets followed by a fade to the downside. It would be at that point we’d look to get positioned in some Weekly VXX and UVXY Calls, specifically VXX $22.50-25.50 Calls, and the UVXY $48-52.50 Calls. Alternatively, we could take advantage of the same sort of scenario with SPY Weekly $197.50-194.50 Puts.

Part of the beauty of trading options is, if by chance the markets undergo a more sustained rebound and operate contrary to our initial gut instinct, we can simply flip those ideas to the other side of the fence (Puts where we mentioned Calls, and vice-versa) while striking in the same target ranges.

Great Rock Development Co. GROC

We also want to make mention of a stock we tagged for observation in Wednesday’s report which has made a nice intraweek move. GROC traded at a low of .0055 that morning, and followed up with a couple of solid sessions.

Yesterday. the stock managed to close at .0085, which represents a 55% session-over-session increase, and it occurred on slightly more than 3.5X the average monthly trading volume.

Global Digital Solutions, Inc. GDSI

GDSI is another subpenny play that caught our eye yesterday as it rebounded off of a new 52-week low. This stock has been steadily trending down for a protracted period, and is just about reaching the point where a more significant recovery could be in the cards.

It’s self-evident on the chart below, which shows that GDSI is heavily oversold at the present time. Add in a recent bullish cross on the MACD, and this is one we’ll want to monitor more closely in coming sessions. We’ll look for it to continue to register higher highs and higher lows off of that bottom.

Extended Watchlist:
MDBX, RDSH, GLD, CHLO

Blue Horseshoe Stocks: SPY Options Recap & More

SPY Options Update

We were so spot-on with our options alert on the SPY in yesterday’s premarket report, that we feel it necessary to quote our alert verbatim. We stated: “With another reversal appearing likely with this morning’s gap-up in the markets, we’ll want to swing our attention in the opposite direction. The SPY generally trades inversely to the UXVY, thus we’ll be monitoring SPY Weekly $195-197 Calls in the event of a continued uptrend signal.”

We certainly hope a good number of our readers were able to catch that, as every single one of the contract sets in our targeted range could have facilitated sizable gains on the session. Here’s a breakdown of the possibilities:

$195 Calls – Daily Range: 2.05-3.50 – Max Gain: 71%
$195.50 Calls – Daily Range: 1.75-3.15 – Max Gain: 80%
$196 Calls – Daily Range: 1.48-2.80 – Max Gain: 89%
$196.50 Calls – Daily Range: 1.25-2.45 – Max Gain: 96%
$197 Calls – Daily Range: 1.01-2.15 – Max Gain: 113%

In order to take advantage of the SPY moving forward, we’ll need to see a continued boost in stocks. In that event, we may look to roll our strike prices closer to the money, namely the Weekly $198-200.50 Calls.

Apple to Announce iPhone 6S Plus – Options Idea

With Apple officially announcing the release of the iPhone 7 today, which is slated to go on sale at the end of next week, we’re going to want to stay ready for the possibility of an options play to one side or the other. We’ll need to guage public reaction to the new phone; an underwhelming product could result in a PPS decline for AAPL, in which case we’d be monitoring Weekly $112-50-114.50 Puts. In the event of a mainly positive reaction, of course, we’d flip that idea to the Call-side in the same strike price range.

Akebia Therapeutics, Inc. AKBA

AKBA is undergoing a mega gap-up in premarket trading today, largely due to yesterday’s after-hours report of positive Phase II study results. We’ll look to possibly take advantage of the situation; with such a rapid move up, it leaves AKBA open to a dip-and-rip pattern on the chart when sellers come out of the woodwork to take profits off of the table.

We’ve pointed out the previous swing highs as levels at which AKBA will need to maintain support on the dip, in order for us to remain interested:

Akebia Announces Positive Top-Line Results from its Phase 2 Study of Vadadustat in Dialysis Patients with Anemia Related to Chronic Kidney Disease (Tue, Sep 8)

Extended Watchlist:
UAPC, CCTC, TPIV, ASTI

Blue Horseshoe Stocks: UVXY Recap, Options Review & More

Options Updates

ProShares Ultra VIX Short-Term Futures (UVXY) –

In Friday’s premarket report, we essentially served up our readers an absolute gem of an options idea on a silver platter, when we identified the high potential of some prime intraday flip opportunities.

We posited that the overall markets would see a pullback, and offered our take on a good way to leverage that eventuality for quick-strike gains in weekly UVXY contracts. The markets were indeed hammered back for most of the session, and as a result, our assumptions paid off in spades.

Our specified target range included UVXY Weekly $73-78 Calls, and every last set of contracts provided us with the chance to bank multi-bag gains. Check it out:

$73 Calls – Daily Range: 2.17-8.10 – Max Gain: 273%
$74 Calls – Daily Range: 1.47-7.20 – Max Gain: 390%
$75 Calls – Daily Range: 1.17-6.40 – Max Gain: 447%
$76 Calls – Daily Range: 1.10-4.53 – Max Gain: 312%
$77 Calls – Daily Range: 77-4.34 – Max Gain: 464%
$78 Calls – Daily Range: .57-3.68 – Max Gain: 545%

Updated Idea:

With another reversal appearing likely with this morning’s gap-up in the markets, we’ll want to swing our attention in the opposite direction. The SPY generally trades inversely to the UXVY, thus we’ll be monitoring SPY Weekly $195-197 Calls in the event of a continued uptrend signal.

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Longer-Term Ideas – Update

For each of the past two Thursdays, we’ve mentioned our interest in a set of longer-term options ideas for a number of tech stocks, namely the 9/18-10/02 FB, GPRO, GMCR, AAPL, NFLX, and TSLA Calls.

With between 1.5-3.5 weeks until expiration on the contracts contained in that range, we’ve seen some nice moves already, and we want to continue to keep an eye on this whole group. With the volatile flux we’ve observed in recent market activity, further opportunities could certainly present themselves in coming sessions.

PharmaRoth Labs, Inc. ROTH

We noticed some exciting news hitting the wires this morning for ROTH, and the PPS is currently down to a relative bottom, so we’re going to tab this subpenny play for extended observation.

PharmaRoth Labs Receives Large Purchase Order (Tue 8:30AM EDT)

Blue Horseshoe Stocks: ADAT, Options Recaps & More

Authentidate Holding Corp. ADAT

Despite turbulent overall conditions, to this point we’ve succeeded in weeding out at least one big winner each day this week, and yesterday’s was most assuredly ADAT. We tagged this stock after noticing some unusual premarket activity, and it proceeded to break out immediately following the opening bell.

We witnessed a big-time surge from a low of .15 all the way up to .55 in the first 35 minutes of the session. That’s an eyebrow-raising 267% rip! Big cheers go out to any of our readers who were able to ride that massive wave of momentum to quick intraday profits.

Bon-Ton Stores, Inc. BONT

We called BONT as a bottom-watch play in Friday’s premarket report, noticing it testing new annual lows, and described it as being generally undervalued.

Our instincts proved to be quite accurate; the stock found its ultimate low of 2.89 during the next session on Monday, and followed that up with a tremendous rebound yesterday. The stock ran back to touch a high of 4.15, representing a session-over-session swing of 44%

Moving forward, we’ll look for BONT to continue to build higher levels of support. The stock will need to maintain above yesterday’s low to retain our immediate interest, but remember, we like to begin to monitor retail stocks like this one more heavily as schools go back in session and the holiday season rapidly approaches.

Options Ideas – Updates

We’ve got to update our subscribers on the performance of the options ideas we’ve been tracking this week for the second straight day. We zeroed in on the performance of Weekly UVXY $49 Calls and Weekly SPY $190 Puts, which we had already seen make considerable moves on Monday, and the opportunities just kept coming. Just look at the kind of gains that were offered up:

UVXY $49 Calls – Daily Range: 5.00-19.30 – Max Gain: 286%

SPY $190 Puts – Daily Range: 1.10-4.77 – Max Gain: 334%

The markets are gapping up this morning, so we’ll be on the lookout for a possible selloff from profit-taking followed by a subsequent rebound, for the chance at added opportunities in these plays as we progress through midweek.

Extended Watchlist:
ABGB(Gapping Up, Gaps to Fill on Chart), GSAT and GASL(52-Week Lows)

Blue Horseshoe Stocks: CRGP Recap & More

Calissio Resources Group, Inc. CRGP

Amidst one of the biggest market backslides in years, we were still able to root out a triple-digit gainer from among the chaos. We tagged CRGP in our premarket extended watchlist as a momentum play based on the activity it recorded at the end of last week.

CRGP had enough strength and interest from the trading community to barrel its way from a daily low of .005, cracking through the elusive penny-mark, and setting a high-of-day at .0118. That represents an intraday pop of 136%, and it happened in conjunction with more than 9X the 3-month average volume of shares changing hands on the day.

Following its nice run, the stock pulled back to .0059 into the close, and we will be on the lookout for the possibility that it needs to come back a bit further to fill the gap on the chart from Friday’s close of .0045. So it’s from that level that we’ll look for possible bounce-play opportunities, should CRGP continue to consolidate.

Options Review

With the volatility caused by current market conditions, there was money to be made on both sides of the fence over the course of the day with the general options ideas we offered in our morning report, which were SPY In-the-Money Puts, and UVXY Calls. Here’s an idea of the kind of gains that those selections made available during yesterday’s session:

SPY $190 Puts – Range: 1.48-5.34 – Max Gain: 260%
UVXY $49 Calls – Range: 7.21-19.00 – Max Gain: 164%

We expect the current market to continue to provide similar action and chances for gain, but we wouldn’t expect to see it occur with quite the same volatile conditions as yesterday.

We’ll be looking to go long on big-name options whose stocks have been beaten back severely over the past few sessions. As the market corrects itself, we’ll be monitoring some longer-term options to possibly take advantage of the eventual recovery.

To allot sufficient time for us to see that, we’ll be tracking 09/18-10/02 Calls in the FB, GPRO, GMCR, AAPL, NFLX, and TSLA chains. We’ve banked enormous profits off of every one of these in the past; it’s now just a matter of laying in wait for the next big chances to present themselves.

Extended Watchlist:
ANFI, CJES (Potential Bottom-Bouncers), ADAT