Blue Horseshow Stocks: More Great Options Calls, COLV, GEQU

Continued Options Trading Success

Yesterday, we recapped the huge performances from the options contracts we designated for tracking in Tuesday’s premarket report, which returned the possibility of intraday gains ranging from 87-410%

Those were the GPRO Weekly $31-32.50 Calls, and the FB Weekly $90-91 Calls, and based on what we were seeing in yesterday’s premarket, we also offered our opinion as to how things could play out from that point forward.

To the folks just arriving to the party, so to speak, we suggested “waiting for the dip caused by profit-takers to ride the subsequent rebound.” The action in our observed contracts essentially transpired according to our expectations, and once again, impressive intraday profits were there for the taking.

$31 Calls  – Daily Range: .39-1.12 – Max Gain: 187%
$31.50 Calls  – Daily Range: .29-.85 – Max Gain: 193%
$32 Calls  – Daily Range: .21-.67 – Max Gain: 219%
$32.50 Calls  – Daily Range: .13-.39 – Max Gain: 200%

$90 Calls  – Daily Range: .43-1.18 – Max Gain: 168%
$90.50 Calls  – Daily Range: .34-.91 – Max Gain: 168%
$91 Calls  – Daily Range: .22-.73 – Max Gain: 204%


In addition to the initial ranges listed above, even more added gains were technically possible, as market action allowed for secondary swings in almost every case.

The markets appear strong in early trading once again, so we’ll be approaching today’s session in much the same fashion as we have the preceding two, except today we’ll be looking to modify our strike prices according to present conditions.

New Idea:

We’ll also look at the possibility of taking advantage of SPY Weekly $191.50-193 Calls should today’s activity continue to mimic recent sessions.


Coastal Integrated Services, Inc.  COLV

We included this subpenny stock on our extended watchlist yesterday, and COLV manage to record its third consecutive session of higher highs and higher lows off of its recently registered annual low (.0012).

It ran from .0024 to a daily high of .0037, which represents an intraday gain of 54%. COLV will need to continue to establish higher base levels of support in order to keep our attention going forward.


Global Equity International, Inc. GEQU

Speaking of extended watchlist plays, on Monday we tagged GEQU for tracking, and have been met with the chance for some respectable intraweek gains. The stock logged a low of .021 on Monday, and as of yesterday’s high of .036, we had witnessed a 70% increase.

The GEQU Chart appears quite overbought, but the same has been true in recent weeks and the stock has been on a continual uptrend. We’ll be on the lookout for the possibility of further increases while remaining open to the fact that a consolidation could be in the cards, and in that event, staying ready to take advantage of a possible dip-and-rip scenario.


Extended Watchlist:
PPCH, MJMJ, ARYC

Blue Horseshoe Stocks: New Options Ideas, Bottom-Plays & More

Synergy Pharmaceutical, Inc. SGYP

SGYP kept piling on the gains yesterday with a great showing, emerging as one of our top picks of the week. For those who may have missed the reports, we declared interest in this play on Wednesday morning, and shortly thereafter bore witness to a solid 32% intraday run.

In yesterday morning’s report, we reinforced our confidence in the stock’s ability to produce another nice move based on the level of momentum it had built to that point. Our assumption proved accurate, and SGYP turned in an intraday increase of 19% from its early low of 7.92 up to a high of 9.44.

That move brought our total observed range on this play in a span of just two sessions to 56% (6.05-9.44).

SGYP is trading up slightly in the premarket with shares having traded hands for as much as 9.56 thus far this morning. While we’ll need to stay wary of potential pullbacks caused by profit-taking, we won’t want to let SGYP slip off of our radars.

The company’s Phase 3 trials for plecanatide as treatment for chronic idiopathic constipation met primary endpoints in both data runs, and there are many on Wall St. who believe we’ve yet to see the ceiling on this play’s potential.


`
Options Ideas

Under Armour, Inc. UA – We’re cap things off week by formulating a couple of options ideas for UA. The stock has been on quite a rip recently, and we’re going to explore the possibility of using the trend to our advantage. Specifically, we’re going to be monitoring UA Weekly $82.50-83.50 Calls for potential quick-strike intraday swing-trade chances, while reserving a spot on our longer-term watchlist for the 07/31 $84 Calls.

Added Reminder: We also are going to stay hot on the trail of the PBR Options ideas we mentioned in yesterday’s report (08/21 $10 and $11 Calls) into next week. We’ve already seen moves approaching and exceeding 100% in those contracts, and want to remain open to the possibility of more coming down the pipe, with plenty of time left until their expiration date.


Bottom-Bounce Watchlist:

Both Medican Enterprises, Inc. MDCN and Adaptive Media, Inc. ADTM took huge gut-punches yesterday, and will end the week on our bottom-watch radar. The possibility for significant rebound opportunities could be forthcoming either today or early into next week.


Extended Watchlist:
ARYC,  MJMJ, TPIV, HERO(Still on Bottom-Watch)