Blue Horseshoe Stocks: Options, Updates & More

FRESH OPTIONS IDEAS

Seagate Technologies plc. STX -We’re interested in the situation with STX this morning after the company impressed with its post-market earnings report yesterday. Expectations were exceeded for revenues and earnings-per-share, while a bullish outlook for the remainder of 2017 was provided.

Our first inclination here would be to place the STX Weekly $41-43.50 Calls on watch for the rest of the week in an attempt to ride the wave of enthusiasm for the company’s impressive quarterly figures.

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General Electric Co. GE – GE showed signed of a possible reversal yesterday as it began to rebound off of the precipitous decline effected by Friday’s underwhelming earnings report.

The stock perhaps over-corrected with its PPS loss of more than a dollar between Friday and Monday, and we’re interested in potentially hitching a ride with some extended-term options calls.  Provided the stock doesn’t fall further than the $30-mark on any pullbacks, we’ll be tracking the GE 03/03 $30-31.50 Calls.


Heron Therapeutics, Inc. HRTX – Form-4 Alert

We always glance at the chart of a play for which there are insider buys of a significant nature, and that’s just how we’d classify the Form-4 that came in on HRTX late last week.

Director Kevin Tang executed an order for nearly $30M worth of HRTX stock at the stock’s 52-week low of 12.20, per the filing (>>View Here).

We’ll be very interested to see if that indeed was the bottom on this play, which has a relatively recent track record of making volatile swings to more than $20.


Added Note: Puration, Inc. PURA

We also want to provide a quick update as to the progress of PURA, which we initially signaled on Thursday the 12th, subsequently witnessing a low of .03.

Yesterday, despite tapering back slightly into the close, the stock did achieve new highs for us, reaching as much as .094 during the session, a new 52-week high. It extended our observed range on the play in just a few week’s time to an impressive 213%


Extended Watchlist
AGTK, PPCH, SHOM, ALKM

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Blue Horseshoe Stocks: NDEV Recap, Pot Stocks Rock & More

Novus Acquisition & Development Corp. NDEV

We were just mentioning yesterday morning how we had first begun tracking NDEV on December 12th, and had subsequently witnessed a huge 250% move to the upside from our observed low of .30 to a high of 1.05.

Some people might have figured that the party was over after such a significant rise, but NDEV had other plans. The stock kicked off the short week yesterday on an impressive note, managing the biggest single-session swing we’ve seen yet, running from its morning low of .731 to a new high of 1.51. That was a super intraday push of 107% and the new high marked an overall jump from our .30 low amounting to 403%


Momentous Entertainment Group, Inc. MMEG

Speaking of continued movers, a week ago today was when we caught on with MMEG, and it has been nothing but bullish activity since then.

We initially observed a low of .0017 before the stock shot to .0055, a move of 224%. But it too kicked off the short week on a high note, with an intraday spike of 55% as dipped-and-ripped from a morning low of .0044 to a new high of .0068. It also extended our total observed gain on the play in less than a week to an even 300%


Ecolocap Solutions, Inc. ECOS

New to our reports yesterday was ECOS, which produced two noteworthy intraday moves during the session. It first ran from .003 to a high of .0048 (+60%) before pulling back to bounce off a low of
.0025 and return to .0037, adding another 48% to its cumulative gain totals on the day.

A stock with this kind of volatility is definitely worthy of continued observation.


Provectus Biopharmaceuticals, Inc. PVCT

We also want to provide a quick update on PVCT which we tagged in yesterday’s extended watchlist. The stock made a modest but solid 28% move from .018-.023, and we’ll want to continue to keep an eye peeled for signs of a continued uptrend.


Cannabis Stocks Rocking Again

Last but most certainly not least, we want to share an image of yesterday’s top traded OTC stocks, nearly all of which are in the cannabis space, which we’ve been drawing heavy attention to over the past several months. We released a reminder video to that effect over the weekend and published it in yesterday’s report, and were obviously met by a huge sector-wide surge.

Moving forward here are a few specific cannabis related stocks to continue to keep a close eye on: AGTK, FTPM, MJTK, MYDX, PMCB, GRNH, AMMJ, CNBX


Oceanic Research & Recovery, Inc. ORRV – Chatroom Call

We spotted ORRV in our chatroom yesterday, signaling it to our members at .0002 x .0003, and it went on to close at the high of day of .0008. That was good for a single session gain of 167%, and since ORRV closed at its high on abnormally high volume, we want to place it on momentum watch in the event of a possible continuation today.


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Blue Horseshoe Stocks: Options, Bottom-Plays & More

New Options Ideas

After a relatively subdued half-day to close out the short week on Friday, we’re going to wipe the slate and start fresh today with a couple of options ideas. Based off of our initial scans and the premarket activity, we think each of these plays has the potential to help us start the week on a high note.

AngloGold Ashanti Ltd. AU – For this one, we’re attracted to the positioning on the chart, where, as you can see below, the stock has just begun to rebound off of its lowest PPS in roughly 9 months. Add that to some bullish premarket activity, along with a number of ripening indicators, and we’re very interested in the possibilities.

We’re going to be focusing in on the AU 1/20 $11 and $12 Calls, which gives us more than enough time to see the extended recovery we’re looking for.


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Cognizant Technology Solutions Corp. CTSH – Our interest was roused by CTSH in this morning’s routine scan, and it too is currently in a favorable position on the chart, coupled with an appreciable premarket gap-up which could lead to a strong session performance.

For this one, we’re going to be looking at the CTSH Weekly $57-60 Calls.


Lithium Exploration Group, Inc. LEXG

Here we have another prime bottom-play with LEXG, which has managed to put together a pretty good rebound off of 6-month lows over the past few sessions.

Currently trading at a low multiple around .0025, we’re looking at a stock that ran from similar levels to over .02 back in August. Even a fraction of such a move from current PPS levels would equate to sizable gain opportunities, so we’ll be putting LEXG on watch in the days and weeks ahead.


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CollabRx, Inc. RNVA – This one belongs in the bottom-bouncer category as well. RNVA is coming off of its recently established 52-week low, and appears to be geared up for a continued comeback. We’re going to have this one on close watch as well.


All-Cannabis Extended Watchlist:
AMMJ, TRTC, MJNA, MCOA, CNBX, HEMP, VAPE, AGTK, MJTK

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  • RNVA Penny stock

Blue Horseshoe Stocks: Major Victory for Marijuana & More

Starbucks Corp. SBUX – Options Update

Our options idea from Friday morning, the SBUX 11/11 $53.50-55 Calls
continued to be good plays as SBUX stock posted some solid intraday activity even as many others faltered in the uncertainty of the elections. It allotted for us to see further opportunities over the multi-bag gains we’d already been afforded to that point.

$53.50 Calls – Range: 1.05-1.47 – Max Gain: 169%
$54 Calls – Range: .76-1.07 – Max Gain: 300%
$54.50 Calls – Range: .45-.69 – Max Gain: 458%
$55 Calls – Range: .23-.43 – Max Gain: 344%

The markets as a whole are showing trepidation over the events of the past 24 hours, but once again, we must remain open to the possibility of seeing further moves out of these contracts which have treated us well so far.


CANNABIS SECTOR UPDATE:

As expected California passed its recreational marijuana initiative on election day, with Nevada and Massachusetts following suit.  Medical pot passed in North Dakota, Arkansas, and Florida. As we stated before, the whole landscape of the cannabis industry is set to change now, as the country as a whole takes several leaps toward the end of nationwide prohibition.

It’s just the outcome we expected, and the ramifications will begin to come into clearer focus in the weeks and months ahead as we observe how each state will handle roll-out of the new laws.

Our sector-wide alert will continue indefinitely as the effects of the outcomes on the investment side of things materialize.


Potential Bottom Plays

MannKind Corp. MNKD – It’s been a long while since we’ve taken a look at MNKD, and we want to draw some attention to it this morning as a possible bottom play. It’s been in a general downtrend for the better part of four months, and looks like it could be in a good spot for a rebound from this juncture. We’ll reserve it a space on our radar moving forward.

Teva Pharmaceutical Industries Ltd. TEVA - The threat of a class-action lawsuit has produced a backslide in TEVA in recent sessions. It’s just the kind of consolidation on non-material developments that we’re always scanning for as course corrections can often occur following this type of activity, and sure enough, the stock appears to be rebounding in the premarket. To take advantage, we’re going to look to the TEVA Weekly $40.50-42.50 Calls.


Extended Watchlist:
UAMM, AGTK, REFG, CBGI, WSGF, DAKP

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  • uamm

Blue Horseshoe Stocks: Key Election Day Reminders & More

Starbucks Corp. SBUX – Options Update

On Friday morning, we suggested that the SBUX 11/11 $53.50-55 Calls
could be good for some solid opportunities if the momentum the stock had gained to that point managed to carry over into the new week. Of course, we followed up with a reminder of that fact in yesterday’s premarket report as well.

SBUX ultimately met our expectations and that range of contracts did provide some fantastic multi-bag intraday chances for our readers:

$53.50 Calls – Range: .49-1.32 – Max Gain: 169%
$54 Calls – Range: .25-1.00 – Max Gain: 300%
$54.50 Calls – Range: .12-.67 – Max Gain: 458%
$55 Calls – Range: .09-.40 – Max Gain: 344%

We won’t dismiss the possibility that further gains may be on the horizon for these weekly contract, dependent upon investor reaction to the unfolding events of election day.


Possible Bottom Plays

Sequential Brands Group, Inc. SQBG – This stock fell off a cliff last week, and we noticed the registering of a From-4 signaling an insider buy at the bottom. Yesterday the stock began to rebound, so we’re going to put it on watch as a potential recovery play.

Perion Netwrok Ltd. PERI – PERI has also recently been on a backslide but is regaining some ground this week. After a bullish session yesterday, the stock is gapping up in the premarket so we’ll have this one on watch as well.


CANNABIS SECTOR REMINDER: Apart from the volatility for the markets as a whole that the presidential election itself could certainly cause, we mustn’t forget what we’ve been shouting from the rooftops about the marijuana space for the past several weeks. Multiple key votes on both recreational and medical cannabis are on the ballots in many states.

The landscape of the industry is going to change overnight, and we aren’t going to miss out on the potential gains that will produce. We are effectively placing the entire sector on intensive watch until further notice.


Chatroom Call: International Consolidated Companies, Inc. INCC

INCC has gone on a heck of a run from .0007-.0025 after we tagged it in our traders chat on Friday, gaining as much as 257% so far.

We wanted to remind our readers that may not be aware- anyone can participate in our daily traders chat via Skype, where ideas like this one may come across once sessions get going. Simply send a contact request to ‘stocksumo‘ to get involved!


Extended Watchlist:
MJNA, TRTC, MCOA, MCIG, GRNH, GBLX, HEMP, AGTK, NEWC, UAMM, PNTV,