Tag: ABHI

Blue Horseshoe Stocks: Options Recap, ABHI & More

SPY Options Recap

To close out the week on Friday, we floated a set of options ideas for the SPY, noting our immense success doing the same in the prior week. We decided to track the SPY Weekly $199.50-203 Calls.and a couple of the contracts within that range produced multiple intraday swings, giving sharp traders the chance at some tidy profits.

The $201 Calls first traded from .65-1.08 (+66%), and followed that up with subsequent swings from .45-1.05 (+133%) and .14-56 (+300%).

The $201.50‘s were the other set of contracts with the most notable moves. After an initial rip of 79% from .38-.68, there came a dip-and-rip from .24-.68 (183%) followed by a third, from .04-.16 (+300%).

AmbiCom Holdings, Inc. ABHI

Placing ABHI on our extended watchlist on Friday turned out to be a great call. It was the first time we had ever mentioned the stock, which just so happened to be showing signs of life coming off of a recent 52-week low; just the type of play for which we’re constantly searching.

The reason for that was on full display as ABHI dipped back to a low of .0102 before registering a HOD of .015. That was good for an intraday swing of 47%

Homeland Resources, Ltd. HMLA

We began tracking HMLA on Thursday and witnessed a healthy 59% pop from a low of .00189 to .003 which, of course, we mentioned in Friday morning’s report.

On Friday we were treated to an even more impressive spike from the stock, as it extended its highs much further inside of the first 35 minutes of trading. It dipped back only slightly to .0022 and proceeded to shoot like a rocket to a high of .0044. That marked an intraday run of 83% and a two-session swing of 133% over our observed low on Thursday.

Esperion Therapeutics, Inc. ESPR

ESPR is a stock we’ve been familiar with in the past, and for the multiple reasons we’ve pointed out on the following chart snapshot, we’re going to submit some options-trading ideas to correspond with the setup.

We want to radar contracts in the range of ESPR Weekly $26-31 Calls. The stock is gapping up over 15% this morning, partially filling that gap on the chart. It has traded as high as $30 in the premarket.

Extended Watchlist:
BIEL, VAPE, CBMJ, ZAZA, FRFS

Blue Horseshoe Stocks: Reviewing PBR, HMLA, SPY & More


Petroleo Brasiliero SA (Petrobras) PBR – Options

Revisiting PBR this week as the stock has been trending up off of its lowest PPS in the last dozen years, continued to be a good decision yesterday.

For those that may have missed the reports, our primary targets were the PBR Weekly $5.00 and $5.50 Calls, with the $6 Calls as a conditional target in the event that PBR rebounded high enough. The action in the stock certainly provided us with the chance at solid gains across the board in the previous session, with the $5’s, $5.50’s, and $6’s logging intraday gains of 42%, 80%, and 175%, respectively.

That pattern of potential repeated itself and grew exponentially yesterday. The opportunities were as follows:

$5 Calls  – Daily Range: .38-.66  – Max Gain: 74%
$5.50 Calls  – Daily Range: .06-.28 – Max Gain: 366%
$6 Calls  – Daily Range: .02-.05 – Max Gain: 150%

Moving forward, we’ll look for dip-and-rip off of this morning’s premarket high of 5.98, and for us to remain interested in these contracts, we’ll need to see support hold at or above 5.50 on that dip.

Homeland Resources, Ltd. HMLA

We were tracking HMLA through our extended watchlist yesterday, and observed a solid intraday run from the stock.

From an early low of .00189, the stock ran into the close as reached a new high of .003. That goes on the books as an intraday swing of 59% so cheers to anyone who pared some profits out of that move.

Fresh SPY Options Ideas

We had a tremendous amount of success with the SPY last week, observing astronomical moves in our targeted contracts. We even had an exceedingly rare, single-session mover of over 20,000%! We would be thrilled if today’s ideas yielded the chance at even a small fraction of those mammoth gains!

Based on yesterday’s activity on SPY chart, current market conditions, and time-decay evaporating premiums on weekly contracts, we’re going to look for quick-strike opportunities in the SPY Weekly $199.50-203 Calls.

Don’t forget: Trading options with a weekly expiration on a Friday inherently carries an elevated risk/reward dynamic.

Extended Watchlist:
ABHI, CMGO, HEMP, ACTL