Tag: ANF

Blue Horseshoe Stocks: New Options Ideas & More

Unique Pizza & Subs Corp UPZS

UPZS was one of a pair of stocks that we added to our watchlist on Friday that continued to perform well yesterday. We’ve had experience with this play making gains for us in the past as well. We observed a low of .008 in UPZS Friday morning, and yesterday the stock reached a high of .0136. That worked out to a three-session swing of 70% and has come on very high volume.

Yesterday’s move brought the stock to within just a few ticks of its 52-week high of .014. We’ll definitely want to keep a lookout for a breach of that price point, which could certainly lead to what we like to call a Blue Sky Breakout.

NetTalk.com, Inc. NTLK

The other notable mention from Friday’s report came in the form of NTLK, which took an extra couple of sessions to settle in and find support. It did so very early on yesterday morning, and followed up with a steady-gaining performance throughout the course of the day, which led from a low .0023 on up to .006, an intraday swing of 161%

We’ll watch for it to consolidate off of that high and keep our eyes peeled for subsequent rebound opportunities.

Fresh Options Ideas

Tesla Motors, Inc. TSLA –  As we point out on the chart below, we watched as TSLA rejected off of its 50DMA yesterday and went bearish. We’re going to want to stick close and monitor a couple sets of medium-term plays in the event that an extended backslide occurs in coming sessions. We’re looking at four contracts in particular in this case- TSLA 01/11 and 01/18 $180 and $177.50 Puts.

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Abercrombie & Fitch Co. ANF

We also want to signal a range of ANF contracts for observation in the wake of this morning’s earnings beat. We’ll look to take advantage of ANF Weekly $29-32 Calls for potential daytrade and intraweek swing-trade opportunities.

Extended Watchlist:
PGEI, VRCI, DEAC, TDCH, AWGI

Blue Horseshoe Stocks: Options Review & More

Yesterday’s Options Ideas

The options ideas contained in yesterday’s premarket report ended up performing extremely well for us, further outlining why we focus so often on options trading.  

For American Eagle Outfitters, Inc. AEO, we were interested in $15-16 Weekly Calls after noticing its earnings beat, and we met with possible gains in all cases:

-The $15 Calls traded as low as .80 before hitting a high of 1.25, a gain of 56%

-The 15.50 Calls traded as low as .30, and hit a subsequent high of .75; an intraday increase of 150%

-The 16$ calls traded as low as .16 and hit a high of .35, which is equal to a 118% move.

Abercrombie & Fitch ANF was trending in the opposite direction, so we ventured a few conservative ideas* for Weekly $23-24 Puts and the stock continued its decline throughout the session, enabling considerable profits:

-The $23 Puts saw a low of .87 low and closed at 2.74 for an impressive 215% run.

-The $23.50’s rose from a 1.20 low and ended up closing at 3.00, marking a 150% jump.

– The $24 Puts went from a 1.53 up as high as 3.84, an intraday gain of 151%

This morning, ANF is continuing its decline in premarket trading, so traders who chose to hold any of these contracts would be up even more than the figures listed here.

*Please note that the contracts we selected, while they obviously did extremely well, were fairly deep into the money so as to play it relatively safe. Traders looking to assume a bit more risk could have chosen to strike outside of the money, and it would have paid off in a big way. For an example, we can refer to the ANF $21 Puts which traded in a range from .10-.90. (+800%).

Infosonics Corp. IFON

After appearing in yesterday’s extended watchlist, IFON rapidly produced a hearty early-morning rip. The stock opened up at 2.34 and ran as high as 3.18 in the first ten minutes of trading! Quick-witted traders could have come away with rapid gains of up to 36%

Extended Watchlist:
EYES, ARWR, ONCY, AVEO, NAVB

Blue Horseshoe Stocks: Pharma Watchlist & More

Lexicon Pharmaceuticals, Inc. LXRX

We’re taking notice of LXRX this morning in the wake of a premarket PR that has the stock trending up to its highest levels of the past three months; it contained updates on current projects as well as increased earnings. The addition of an interesting setup on the chart gives us good reason to place LXRX on watch this mid-week.

As you can see on the snapshot below, the stock gapped down significantly at the end of November. In premarket activity today we’re seeing a partial fill taking place. We’re going to be watching for LXRX to fill the remainder of the gap into the mid 1.20’s where its next area of resistance will come in at the 200DMA of 1.28.

THE WOODLANDS, Texas, March 4, 2015 /PRNewswire/ — Lexicon Pharmaceuticals, Inc. (LXRX), a biopharmaceutical company focused on developing breakthrough treatments for human disease, today updated its drug development progress and reported financial results for the three months and year ended December 31, 2014.>> VIEW PR

Pharmaceutical Watchlist

There are a number of other pharma and biopharma stocks gapping up in the premarket this morning, some of which have appeared in our reports in the past. We’ve listed them below along with links to today’s news, where applicable:

Keryx Biopharmaceuticals, Inc. KERX


Atossa Genetics, Inc. ATOS


Coronado Biosciences, Inc. CNDO

Coronado Biosciences Forms New Subsidiary, Checkpoint Therapeutics, to Develop Novel Immuno-Oncology Antibodies (Wed 8:30AM EST)

PhotoMedex, Inc. PHMD

Orexigen Therapeutics, Inc. OREX

KaloBios Pharmaceuticals, Inc. KBIO

Earnings-Related Options Ideas

American Eagle Outfitters, Inc. AEO beat expected Q4 profits and revenues, and is gapping up as a result. To take advantage of the trend, we are monitoring options trading possibilities in the AEO Weekly $15-16 Calls

Abercrombie & Fitch ANF fell short of expectations with regard to sales, which is fueling a downtrend here in the premarket, so we’ll take the opposite approach here, and keep an eye on ANF Weekly $23-24 Puts.

Extended Watchlist:
IFON, PLUG, NPTN, WLT, LEI