Blue Horseshoe Stocks: Perfectly-Timed Bottom Plays & More

Allakos, Inc. ALLK –  Recap

We began tracking ALLK on Monday morning, and formulated some options ideas ($45-60) which worked for us in Monday’s session, bringing in some nice gain opportunities. Then yesterday rolled around and we shared the huge news reported by the company in our premarket report along with the gains that our options ideas made.

The news on ALLK proved to be very influential on the activity of the stock, pushing it even further than Monday’s big surge had taken it. From the low that morning of 60.34, ALLK has run all the way up to a new high yesterday at 85.40, which marked a two-day upswing of 42%

While the lower end of our tracked options range was too deep in the money to see any real progress, the $60 Calls remained in play, and hit a high of 23.82. From our observed low of 6.75 on Monday, those contracts rose by a whopping 253%
_____

We also signaled interest in the Innovative Industrial Properties, Inc. IIPR 08/16 $100-105 Calls 
yesterday, and those got off to a modest, yet promising start. The $100’s traded in a range from 6.50-7.90 for a rise of 22%, while the $105’s ran 23% from 4.50-5.90. We’ll continue to monitor these ideas into their expiration next week.
_____

Fresh Ideas: 
CVS Weekly $55.50-57 Calls
SPY Weekly $286-285 Puts



Durect Corp DRRX


We also want to highlight the incredible performance that DRRX has had this summer to finish things up this morning. We tagged the stock for observation on May 28th, at which time we observed a low of .50, and it turned out to be a great nbottom call, as it hasn’t looked back since.

Slow and steady growth over the past two months has brought DRRX to a new high of 1.44 this week. That represents an overall increase of 188% in the time we’ve been observing this play.


Extended Watchist: 
MRNA, EVH, CPE, ENDP, AVGR, TVIX, APVO, ONVO

Blue Horseshoe Stocks: Options Roundup & More

Twitter, Inc. TWTR

We had a really good idea for the TWTR options chain on Thursday morning with the Weekly $18-19.50 Calls. Not only did they make multi-bag gains on Thursday, but with another bullish session Friday, our total possible profits were extended by a significant margin.

We’ve listed the overall moves below, in addition to the intraday gains that were available on Friday alone.

$18 Calls – Overall Range: 1.00-3.95 – 2-Day Gain: 295% – Friday Intraday: 76%
$18.50 Calls – Overall Range: .64-3.38 – 2-Day Gain: 216% – Friday Intraday: 97%
$19 Calls – Overall Range: .38-2.95 – 2-Day Gain: 334% – Friday Intraday: 144%
$19.50 Calls – Overall Range: .18-2.43  – 2-Max Gain: 539% – Friday Intraday: 277%
_______

Friday’s fresh options ideas also both worked like a charm, bringing a fitting end to what was an amazing week for our options trading ideas across the board:

Microsoft Corp. MSFT Weekly $82-85 Calls

$82 Calls– Range: 1.74-4.19 – Max Gain: 141%
$83 Calls – Range: .93-3.15 – Max Gain: 239%
$84 Calls – Range: .39-2.11 – Max Gain: 441%
$85 Calls
– Range: 12.-1.30 – Max Gain: 983%
_______

Apple Inc. AAPL Weekly $157.50-160 Calls

$157.50 Calls – Range: 1.41-6.11 – Max Gain: 333%
$160 Calls – Range: .10-3.65 – Max Gain: 3550%


The Bon-Ton Stores, Inc. BONT

We tagged BONT on Thursday morning, at which time we observed a low of .68 in the stock. After a solid first session, we reiterated the tag in Friday’s report and the stock came out of the starting gate like a bolt. It traded all the way up to 1.15 before tapering back, but not before completing a two-day swing of 69% for us.

The stock’s presently hovering around a dollar, so we’ll be watching as the new trading week kicks off this morning to see if BONT can manage to string together a third session of higher highs and higher lows.


Extended Watchlist:
APVO, CAA, CUR, ENDP, IBN, TRXC, JAKK

Blue Horseshoe Stocks: RGSE Review & More

Real Goods Solar, Inc. RGSE

We put RGSE on watch in yesterday morning’s premarket watchlist, and it turned out to be the number one gainer of the day for us.

The stock traded in a range from 1.78 up to 3.25, for an intraday gain of 83% on immense volume of more than 410X the monthly average. It marked the second time this week that we caught a huge PR which rocketed a previously stagnant stock into the stratosphere, after seeing the same thing with ECYT on Monday.

The company entered into an exclusive license agreement with The Dow Chemical Company for the POWERHOUSE™ solar shingles system, an innovative and aesthetically pleasing solar shingle system developed by Dow. (>>View PR)

We’ll continue to keep an eye on this play and watch for the establishment of higher highs and higher lows in coming sessions.


Constellation Brands, Inc. STZ – Options Idea

We’ve been waiting for a solid earnings beat gapper, which is typically the type of play we look for with regard to quick strike options ideas. STZ fits the mold today, after posting enhanced profits and outlook this morning.

The stock has been in a general uptrend for the whole of 2017, trading in an upward channel and is presently gapping up to new all-time highs. The range of calls we’ll be tracking after what could very well be a classic dip-and-rip formation are going to be the STZ 10/20 $210-220 Calls. That gives us a couple weeks to potentially see one or more significant swing trade opportunities.


Extended Watchlist:
ATOS, APVO, CDNA, COLL, INO, CLSN, ONVI, CERS