Blue Horseshoe Stocks: Great Start to the Week

T2 Biosystems, Inc. TTOO

This past Thursday morning, we cautioned our readers that TTOO was heavily oversold, and sniffing out a bottom with a massive gap to the upside. As it turned out, our timing on that alert could not have any better. The stock saw its low of .52 that day and hasn’t looked back since. Yesterday, TTOO reached .76 which works out to a three-day upswing of 46%, a modest yet respectable move.

More importantly, the stock is once again taking off on the heels of a fresh PR this morning (below), reaching a new high of 1.13 in premarket trading. That further extends our observed range on this play to 117% as TTOO begins to fill the gap on the chart that we mentioned which runs up to the 1.36 mark.

LEXINGTON, Mass., Aug. 06, 2019 (GLOBE NEWSWIRE) — T2 Biosystems, Inc. (NASDAQ:TTOO) announced today that the United States Centers for Medicare & Medicaid Services (CMS) granted approval for a New Technology Add-on Payment (NTAP) for the T2Bacteria® Panel for FY 2020.

The T2Bacteria Panel, the first and only FDA-cleared test to identify sepsis-causing bacterial pathogens directly from whole blood in 3 to 5 hours without the need to wait for blood culture, is now also the first and only in-vitro diagnostic test to ever receive approval for NTAP. (>>View Full PR)


Options Reviews

SPDR S&P500 (ETF) SPY –  As a fresh options idea to start the week yesterday morning, and in light of the bearish market sentiments that we were sensing in the premarket, we went with SPY Weekly $290-288 Puts as our targets. Early indications ultimately proved to be correct, as the markets tanked on the day, sending those contracts on a huge ride.

The following multi-bag gains were there for taking: 

$290 Puts – Range: 2.27-8.19 – Max Gain: 261%
$289.50 Puts – Range: 1.98-7.30 – Max Gain: 269%
$289 Puts – Range: 1.51-7.10 – Max Gain: 370%
$288.50 Puts – Range: 1.29-5.54  – Max Gain: 329%
$288 Puts – Range: 1.18-6.10 – Max Gain: 417%

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Allakos, Inc. ALLK – We also signaled interest in the ALLK 08/16 $45-60 Calls yesterday in opposition to the market activity we were observing, and those targets bucked the trend quite nicely, with three out of the four producing notable opportunities on the day:

$45 Calls – Range: 16.41-25.53 – Max Gain: 56%
$55 Calls – Range: 9.00-15 60 – Max Gain: 73%
$60 Calls – Range: 6.75-14.20 – Max Gain: 110%
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Fresh Idea:
Emerson Electric Co. EMR 08/30 $63-64 Calls
Innovative Industrial Properties, Inc. IIPR 08/16 $100-105 Calls


Extended Watchist: 
ACB, ATRS, TOPS, KALA, PAYS, TELL, MYSZ, PLUG, CARS(Bottom-watch)

Blue Horseshoe Stocks: ATVI Review & More

Activision Blizzard, Inc. ATVI

On Friday, our primary focus was a bottom play in the form of ATVI, which had just been beaten back to its lowest prices since December of last year. Our inclination was to signal a range of longer term calls in the options chain, and we had instant results from those ideas.

All four of the contracts contained within our designated range produced single-session gains of a significant nature.

$55 Calls – Range: 3.20-5.00 – Max Gain: 56%
$57.50 Calls – Range: 2.30-3.60 – Max Gain: 57%
$60 Calls – Range: 1.40-2.68 – Max Gain: 91%
$62.50 Calls – Range: .90-1.84 – Max Gain: 104%


Aurora Cannabis, Inc. ACB

We have followed ACB for years, but this is the first time we’ve done a feature on the stock since it was ACBFF trading on the OTC Markets. The company uplisted to the NYSE, making it one of the few cannabis plays to do so.

After having been trading at a relative bottom toward the end of last month, the stock has been gaining some ground, and is gapping up a bit this morning on the heels of its quarterly earnings report.

Aurora’s revenue increased four-fold, and its earnings surpassed $100M in the first report issued by the company since the legalization of marijuana in Canada barely a month ago. We’ll be very interested to follow up with its conference call and expected guidance, as well as track it more closely through this new quarter.


Cronos Group, Inc. CRON

Speaking of earnings, CRON has a report upcoming early this week, and despite the PPS tapering back over the past couple of sessions, we’ll be interested to follow along with its post-release activity.

We tracked CRON over its recent solid 53% run from 6.50-9.95, and we’ll be eager to see if a solid earnings report can help reinvigorate the stock. We also made some great options calls on CRON last week, which we may swing back around and do again tomorrow, with favorable enough quarterly figures.


Extended Watchlist:
AMH, APTI, UPL, GSL, TTNP, ONVO, SBGL, VTL(Bottom play)

Blue Horseshoe Stocks: Big Options Success

OPTIONS RECAP

Both of the fresh options ideas we submitted in yesterday morning’s premarket report turned out to be multi-bag winners, with the MCD $170’s turning in the winning card of the day with nearly a three thousand percent pop!

McDonald’s Corp. MCD

We selected thethe MCD Weekly $165-172.50 Calls yesterday, and as we just stated, one of those contracts absolutely exploded for close to a thirty-bagger! All the other contracts in our highlighted range posted big-time gains on the day as well.

$165 Calls – Range: 4.10-12.50 – Max Gain: 205%
$167.50 Calls – Range: 1.24-10.34 – Max Gain: 734%
$170 Calls – Range: .28-8.48 – Max Gain: 2929%
$172.50 Calls – Range: .67-5.85 – Max Gain: 773%
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SPDR S&P 500 ETF (SPY) – The other plays we had placed on our radar yesterday morning was the SPY 10/31 $275-277 Calls as we awaited a recovery from this week’s early losses. While the markets didn’t gain any ground from the open, there was a big dip-and-rip scenario which allowed for some very solid gains in our designated plays.

$275 Calls – Range: 1.11-3.00 – Max Gain: 170%
$275.50 Calls – Range: 1.02-2.69 – Max Gain: 164%
$276 Calls – Range: .68-1.93 – Max Gain: 184%
$276.50 Calls – Range: .74-2.13 – Max Gain: 188%
$277 Calls – Range: .65-1.93 – Max Gain: 197%
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Fresh Options Idea:
The Boeing Co. BA Weekly $357.50-367.50
Caterpillar, Inc.CAT 11/16 $120-123 Calls


Barrick Gold Corp. ABX

We want to provide a quick update on a recent tag of ours this morning. Exactly 4 weeks ago to the day, we placed ABX on watch, and the stock has enjoyed a continuous uphill climb ever since, even despite the markets at large having a rough couple of weeks.

Subsequent to our alert on the 24th of last month, we witnessed a low of 10.72, and yesterday the stock reached a PPS of 14.10, marking a solid 32% increase, which is nothing to sneeze at with a $10+ stock in just a month. We’ll continue to track its movements going forward.


Extended Watchlist: 
ZIXI, ACB, TOPS, NDRA, ACB, ESEA, FRO, AGRX, CPHI