Tag: AA

Blue Horseshoe Stocks: Options Plays & Other Updates

Alcoa, Inc. AA – Options Idea

The range of options contracts that we signaled for observation on Tuesday for Alcoa went on to extend their gains, just as we mentioned they might in yesterday’s report. We were zeroed in on the AA Weekly $32-30 Puts, and as AA continued its backslide right on cue, the trading ranges were indeed bolstered by a good margin.

Here are the updated figures of the possible gains:

$32 Puts – Range: 2.64-4.95 – Max Gain: 88%
$31.50 Puts – Range: 1.93-4.47 – Max Gain: 132%
$31 Puts – Range: 1.57-3.98 – Max Gain: 153%
$30.50 Puts – Range: 1.16-3.44 – Max Gain: 197%
$30 Puts – Range: .65-3.02 – Max Gain: 365%


Other Updates

BioStar Pharmaceuticals, Inc. BSPM – After catching this stock’s fantastic 96% intraday run from 3.60 to 7.06 on Tuesday, the stock saw a big dip yesterday, along with a subsequent rip that could have provided an early morning in-and-out opportunity.

After coming down to 4.27 it traveled back as high as 5.23, an intraday move of 22%
_____

Agritek Holdings, Inc. AGTK – We tagged AGTK for observation in Friday’s report, at which time the stock was seen trading as low .0092. After a few sessions of nominal trading, yesterday the stock really kicked things into high gear.

We saw a 152% daily run from .011 to a new high of .0277, and from the low we witnessed less than a week ago, a total increase of 201%

AGTK falls under the category of cannabis related stocks, which we’ve been tracking more heavily of late and intend to continue doing through the upcoming elections.
_____

OWC Pharmaceutical Research Corp. OWCP – We followed OWCP on its epic run beginning two Thursday’s ago and continuing through all of last week, which carried it from .0045-.073 (+1522%).

We strongly suggested that a dip-and-rip would be in the cards when the stock finally began to pull back off of its highs, and this week our assumption was proved accurate. From Tuesday’s swing low of .0322, yesterday the stock surged back to actually set a new high of .074. That means the dip-and-rip we were waiting for allotted us potential gains of up to 130%

Delta Air Lines, Inc. DAL – Fresh Options Idea

We’ve had extreme good fortune with bearish options ideas this week, and this morning we’re seeing another chance to take advantage of a backslide. Like the situation we saw with Alcoa, Delta’s chart is looking toppy at the moment, and when combined with the reaction to this morning’s earnings call we think we may see some nice activity out of DAL Weekly $39.50-38 Puts. The company beat on Q3 profits, but fell short on revenue, and is dipping in the premarket as a result.

Extended Watchlist:
ASCK, MCOA, NWAV, SOUM, HCTI, SOAN

Blue Horseshoe Stocks: AA Options Update & More

Alcoa, Inc. AA – Options Idea

We took the opportunity to target some AA puts yesterday morning after noticing a technically weak chart, combined with a let-down on the company’s earnings report. Post-earnings options ideas are quite simply one of our favorite ways to see rapid moves to the upside, and Alcoa was no exception to that rule.

Our specific targets were the AA Weekly $32-30 Puts, and every set of contracts within that range afforded us the chance at hefty single-session profits.

$32 Puts – Range: 2.64-3.77 – Max Gain: 43%
$31.50 Puts – Range: 1.93-3.59 – Max Gain: 86%
$31 Puts – Range: 1.57-3.98 – Max Gain: 153%
$30.50 Puts – Range: 1.16-2.58 – Max Gain: 122%
$30 Puts – Range: .65-2.11 – Max Gain: 225%

With the stock gapping down slightly in the premarket once again, we’ll be on the lookout for those ranges to be extended. Should the stock’s heavy decline continue, we’ll continue to track those, as well as explore the possibility of rolling down our strike prices to stay closer to the money.

BioStar Pharmaceuticals, Inc. BSPM

We want to circle back around to provide an update on the recent activity of BSPM, which we placed on watch back on the 15th of last month. We would subsequently observe a low of 2.54 the following morning, and after a steady stair-stepping performance in ensuing sessions, the stock went meteoric during trading yesterday.

It made an excellent 96% intraday push from 3.60 up to its new high of 7.06, which marked an overall increase of 178% above the low we witnessed just under a month ago. The move was catalyzed by the launch of the company’s rhinitis and sinusitis treatment in China; an absolutely huge market.

Extended-Term Options Ideas

We want to signal some longer-term options ideas for tracking in the weeks ahead on both Nike and Lululemon. NKE just registered new 52-week lows yesterday, while LULU has come down its lowest PPS since February. Therefore, we’d like to monitor the activity in the following options contracts.

Nike, Inc. NKE – 12/16 $50-57.50 Calls

Lululemon Athletica, Inc. LULU – 12/08 $55-62.50 Calls

Extended Watchlist:
AMMJ, ICBU, TNRG, RNN, CUDA

Blue Horseshoe Stocks: Options Idea, Updates & More

Provectus Biopharmaceuticals, Inc. PVCT

We want to submit PVCT as a potential bottom-play candidate this morning after noticing the stock register a new annual low last week, followed by the recording of higher lows in the two sessions that followed.

We’re going to place the stock on watch for the possibility of an extended rebound, which would certainly be long overdue.

Alcoa, Inc. AA – Options Idea

After a disappointing earnings call this morning leading to a gap-down, compounded with the chart having been on the toppy side to begin with, we may be looking to go short on Alcoa, and the way we do that is by formulating some options trading targets.

The ones we’re particularly interested in are the AA Weekly $32-30 Puts, which could be in line for significant moves to the upside if the stock continues to lose ground once the session commences.

GreenGro Technologies, Inc. GRNH

GRNH, like several other stocks operating in the cannabis space, has been seeing increased activity of late. We’ve experienced this trend leading up to elections in previous years, and especially with a major vote for recreational usage coming up in California less than a month from now, we’re going to plan on keeping a close eye on anything tied to the sector until further notice.

After signaling GRNH in a report last week and observing a subsequent low of .0651, the stock continued to make appreciable moves to the upside, trading up from .0815 to .09518 (+17%) yesterday, and an overall 41% increase.

MyDx, Inc. MYDX

MYDX appeared in our report yesterday for the first time in awhile, and the stock made a solid intraday increase for us.

From a low of .0258 it reached as high as .034, a 32% rise. The move occurred on more than twice the monthly average volume, and the PPS only slid back to .0329 into the close, so we’ll certainly want to keep monitoring MYDX for further opportunities as the week progresses.

Extended Watchlist:
TRTC, CNAB, VNTH, MOBL, MGT, MCUR