Blue Horseshoe Stocks: Options, Bottom-Plays & More

OncoNova Therapeutics, Inc. ONTX

ONTX is hitting the scanner as a premarket gapper this morning, on the heels of a PR announcing a “pivotal” Phase III drug trial. (>>View PR)

The stock’s 1-year analyst price target of $5 doesn’t seem all that far-fetched, especially if ONTX can break past resistance in the channel between 3.00-3.25 as we’ve outlined on the following chart snapshot. Also looking ripe are the RSI which is creeping toward the 50-line, and the MACD in the midst of bullish cross.

We’ll continue to keep an eye on the stock today and into next week.

Tesla Motors, Inc. TSLA – Options Idea

To carry on our recent tradition of presenting weekly options ideas on Friday (which has yielded us some truly epic gains), we have TSLA. Remember, trading weekly contracts so close to expiration carries added risk, so we always need to exercise extra caution when doing so.

The stock is responding well to news that the company’s share offering would be increased to nearly 2.7M shares, or $642.5M. As a result of this increased activity, we’ve identified the range in which the heaviest action is likely to occur in the event of a sustained uptrend.

Our main target area will be TSLA Weekly $242.50-247.50 Calls. We’ll of course begin with the lowest strike price, which is currently in the money, and roll it up from there as needed, depending on how the day’s trading activity unfolds.

Potential Bottom-Play

Pacific Sunwear of California, Inc. PSUN – We also want to quickly make mention of PSUN, which we’ve noticed has come down to new 52-week lows. As our regulars our well aware by now, these sorts of plays have been an area of extreme success lately. Just take a look at the chart to see what we mean. This is a stock that is sorely due for a rebound, and we intend to be watching closely for when that occurs.

Extended Watchlist:

Blue Horseshoe Stocks: Options Rundown & More

Wizard World, Inc. WIZD

We’d like to start things off this morning with an update on a stock we’ve been tracking since the end of last week. We introduced WIZD in Friday’s premarket report, presenting it as a potential bottom-play. We noticed that it had recently been crushed down to new annual lows, and drew up a chart to illustrate the opportunity.

Over the last few sessions the stock has done a good job of building a higher base of support and regaining some of the ground it lost this summer. Yesterday it attained a daily high of .45, which marks a 36% upswing over our observed low.

We’ll want to see WIZD continue to make a healthy recovery, ideally holding support above .40 on any pullbacks. The stock was trading up close to a dollar as recently as June, and a return to those levels from current pricing would mean gains approaching 100% The chart is still bearing the look of potential, as you can see a number of bullish indicators on the snapshot below.

Options Rundown

First Solar, Inc. FSLR – Yesterday we identified a couple of potential options ideas, and one of them provided several chances for lucrative intraday trades. Our targeted range was the Weekly $47-50.50 Calls and while every set of contracts within did make increases, for time’s sake we’ll just highlight some of the top gainers.

The 47.50 Calls surged 188% from 1.91-5.50. The $50’s traded in a range from .63-3.15 , a whopping 400% jump, while the $50.50 Calls had the biggest day with a run from .38-2.58, an amazing 579%.

FitBit, Inc. FIT – Also on our radar was FIT, which we mentioned on Tuesday with the idea of tracking the $50-51 Calls. Those contracts ended up making wild runs into earnings:

The $50 Calls traded as low as 2.19 on Tuesday and reached a high of 4.40 yesterday (+101%). The $50.50 Calls went from 2.14-4.10 (+92%), and the $51’s jumped from 2.00-3.85 (+93%).

After getting beat up on the heels of that earnings report, this morning we’ll watch for chances with the FIT $45-48 Calls.

Apple, Inc. AAPL – We also want to make mention of AAPL, which we’ve been following this week via our extended watchlists, and in our traders chatroom*. After a period of consolidation, we were awaiting an AAPL rebound, and yesterday we got what we were looking for- big moves occurred in the Weekly $115-116 Calls. Moving forward, we’re going to be on the lookout for the possibility of added gains in those plays, especially heading into tomorrow when they close in on expiration.

*It gives us the opportunity to remind our readers that anyone wishing to participate in our daily live traders chats, simply send a Skype contact request to username ‘stocksumo’. We gladly encourage subscriber participation!

Pazoo, Inc. PZOO

We also want to shine a light on PZOO again today, with the company making a significant press announcement right at the open this morning:

WHIPPANY, N.J., Aug. 6, 2015 /PRNewswire/ — Pazoo, Inc. (OTC Pink: PZOO), is pleased to announce that the company has signed a lease to secure a location for its Oregon testing lab facility.

Pazoo’s Harris Lee management is very excited to have signed this lease and commenced meetings with the architect selected to begin the build out of the facility as soon as possible. Additionally, the Pazoo management team has also narrowed down several target states as strategic added locations for Harris Lee’s next expansion phase. >> FULL PR

Extended Watchlist:

Blue Horseshoe Stocks: MIXX Review, Options Ideas & More

Mix 1 Life, Inc. MIXX

To kick the week off on Monday morning, we highlighted a couple of fresh news bottom plays, and MIXX was among them. If you refer to that premarket report, we stated that MIXX was  “piquing our interest with a premarket PR and its positioning on the chart as a good bottom-watch candidate. The stock has fallen dramatically to new 52-week lows, and is looking extremely oversold… we’re going to slate this one for observation as the potential recovery could produce some serious chances for profit.”

We honestly couldn’t have been more right about MIXX seeming out of place at such low price, and that impression of the chart led us to the chance for some serious profits. Yesterday’s trading range brought the stock from a low of .98 all the way up to 3.15, which marks an intraday jump of 221%

This play served as yet another added reminder of why we are constantly scanning for stocks which have been crushed down to new annual lows without significant material changes. It is often a precursor to hefty rebounds like the one MIXX has produced this week.

Mobile Broadcasting Holding, Inc. MBHC

Speaking of intraweek swings, MBHC has continued to make a comparatively modest yet still significant move of its own off of its recent swing low of .0042. Yesterday the stock pushed its way back to a high of .0069, an overall positive change of 64%

It came in conjunction with a press announcement highlighting the appointment of a new CEO who will be navigating the company through the upcoming launch of the company’s new app to both Apple and Android markets. The timeline given in a prior press release from MBHC has the official release coming up later this month.

PISCATAWAY TOWNS, NJ / ACCESSWIRE / August 4, 2015 / Mobile Broadcasting Corporation, (OTC PINK: MBHC) Mobile Broadcasting Corporation (MBC) announced today that Darryl M. Sanders will be taking the reigns as President and CEO of MBHC. He will lead the company’s public launch of the WHIRLD Mobile Broadcasting Network >> FULL PR

Options Ideas

We’ve had strikingly good fortune with options recently, so here are a couple of fresh ideas that we’re going to be monitoring today. We’re going to give a wide target range for each of them. Be aware that when we signal wider ranges of call contracts it’s always less risky to start at the lower strike price, (i.e. deeper in-the-money) and roll up our strike price if the stock looks like it wants to continue to break out. We’ve identified many winning contracts in the past using this broad-sweep monitoring method.

Zillow Group, Inc. (Z) – Here we are going to be slating the Z Weekly $77-82 Calls for observation.

First Solar, Inc. FSLR – For FSLR our target range looks to be the Weekly $47-50.50 Calls.

Extended Watchlist:
ASAB(Subpenny Bottom-Watch)
(Momentum Play *Caution:Being Heavily Promoted*)
(Still on Bottom-Watch)