Blue Horseshoe Stocks: SPY Calls Hit & More

RJD Green, Inc. RJDG

We included RJDG in yesterday morning’s premarket watchlist after noticing an attractive chart pattern building, and for our first day of observation, the stock got off to a really solid start. From a low of .0222, it ran to .0299 on the day, representing a single-session swing of 35%

As you can see on the included chart snapshot below, current indicators suggest RJDG could be primed for even more bullish activity, so we’ll continue to track as we cruise through midweek.


Progressive Care, Inc. RXMD

We also want to mention RXMD for the third consecutive day this week. As we said yesterday,our February 22nd alert on the stock allowed us the chance to get in for as little as .0663.

During yesterday’s session itself, the stock once again broke out to new annual highs, hitting .1729, which marks a 161% upswing over a span of just nine trading days.

SPDR S&P 500 ETF (SPY) – Recap

Also in yesterday’s premarket report we included options ideas for the SPY, which looked set for another bullish session. We targeted the SPY 03/07 $272-273.50 Calls and got really good double-bag intraday results from all of those contracts.

$272 Calls – Range: .82-1.75 – Max Gain: 113%
$272.50 Calls – Range:  .62-1.38 – Max Gain: 123%
$273 Calls – Range: .45-1.08 – Max Gain: 140%
$273.50 Calls – Range: .31-.82 – Max Gain: 165%


Fresh Options Idea:
DLTR Weekly $95-92 Puts

Extended Watchlist:

VPER, GMXS, ATRN, & Today’s Extended Watchlist

Viper Networks, Inc. VPER

VPER made higher highs and higher lows on Monday, signifiying to us that the stock may be ready to rise off of its recently realized bottom and begin the next bullish trend.

Keep this play on your radars. As the past has shown us, VPER is capable of some nice bounce action.


Gemini Explorations, Inc. GMXS

GMXS experienced a pullback on Monday, and as we have in the past, we are observing the stock for its next bounce opportunity.

A previous resistance level for GMXS has been .05, and we’ve seen it hold as a level of support, facilitating runs to the 52-wk high of .10, an event we will be watching for once again.
PR from Monday:

FORT LAUDERDALE, FLORIDA, May 21, 2012 (MARKETWIRE via COMTEX) — Gemini Explorations, Inc. (‘Gemini’) (PINKSHEETS: GMXS) is pleased to announce that it has formed a wholly owned Colombian subsidiary company named Minera Gemini SA (‘MGS’). Registered and based in Medellin, MGS will hold all of Gemini’s Colombian mining concessions and interests. MGS will also streamline and facilitate future mineral property acquisitions as well as mining, permitting and banking procedures in Colombia.


Atrinsic, Inc. ATRN

Since we added ATRN back to our Extended Watchlist last Friday, the stock has been dipping and dodging, and providing sharp-witted traders with opportunities for quick profits. The stock has two nice runs runs; first from .0955-.11, and after pulling back significantly to .0315, had another surge to .059. We are watching closely, as ATRN’s volatility could allow for even further gains coming up.

Attractive Option Idea: ADSK ($33 July 21st Calls)

On Friday, traded as low as .78, closed yesterday over 1.50. We’re keeping an eye on this option, expecting to experience high-volatility until the expiration date, having seen nearly a 100% swing just two sessions.

Extended Watchlist:

Viper Networks, Inc. | VPER & Today’s Extended Watchlist

Viper Networks, Inc. VPER

VPER made a nice swing on Friday, having traded as low as .0017, and closing at the HOD of .0025. An intraday gain of 47% was made possible by the stock.

VPER recently ran from .0016-.0031 (05/04), and preceding that was a run from .0024-.0037. We want to treat these highs at .0031 & .0037 as key resistance points that we will be looking to break.

Should we break past those points, resistance is negligible until we hit .005. We could be looking at gains of 25-100+% provided the stock can continue its momentum, and retest previous highs.

Extended Watchlist: