Blue Horseshoe Stocks: Great Start to the Week

T2 Biosystems, Inc. TTOO

This past Thursday morning, we cautioned our readers that TTOO was heavily oversold, and sniffing out a bottom with a massive gap to the upside. As it turned out, our timing on that alert could not have any better. The stock saw its low of .52 that day and hasn’t looked back since. Yesterday, TTOO reached .76 which works out to a three-day upswing of 46%, a modest yet respectable move.

More importantly, the stock is once again taking off on the heels of a fresh PR this morning (below), reaching a new high of 1.13 in premarket trading. That further extends our observed range on this play to 117% as TTOO begins to fill the gap on the chart that we mentioned which runs up to the 1.36 mark.

LEXINGTON, Mass., Aug. 06, 2019 (GLOBE NEWSWIRE) — T2 Biosystems, Inc. (NASDAQ:TTOO) announced today that the United States Centers for Medicare & Medicaid Services (CMS) granted approval for a New Technology Add-on Payment (NTAP) for the T2Bacteria® Panel for FY 2020.

The T2Bacteria Panel, the first and only FDA-cleared test to identify sepsis-causing bacterial pathogens directly from whole blood in 3 to 5 hours without the need to wait for blood culture, is now also the first and only in-vitro diagnostic test to ever receive approval for NTAP. (>>View Full PR)


Options Reviews

SPDR S&P500 (ETF) SPY –  As a fresh options idea to start the week yesterday morning, and in light of the bearish market sentiments that we were sensing in the premarket, we went with SPY Weekly $290-288 Puts as our targets. Early indications ultimately proved to be correct, as the markets tanked on the day, sending those contracts on a huge ride.

The following multi-bag gains were there for taking: 

$290 Puts – Range: 2.27-8.19 – Max Gain: 261%
$289.50 Puts – Range: 1.98-7.30 – Max Gain: 269%
$289 Puts – Range: 1.51-7.10 – Max Gain: 370%
$288.50 Puts – Range: 1.29-5.54  – Max Gain: 329%
$288 Puts – Range: 1.18-6.10 – Max Gain: 417%

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Allakos, Inc. ALLK – We also signaled interest in the ALLK 08/16 $45-60 Calls yesterday in opposition to the market activity we were observing, and those targets bucked the trend quite nicely, with three out of the four producing notable opportunities on the day:

$45 Calls – Range: 16.41-25.53 – Max Gain: 56%
$55 Calls – Range: 9.00-15 60 – Max Gain: 73%
$60 Calls – Range: 6.75-14.20 – Max Gain: 110%
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Fresh Idea:
Emerson Electric Co. EMR 08/30 $63-64 Calls
Innovative Industrial Properties, Inc. IIPR 08/16 $100-105 Calls


Extended Watchist: 
ACB, ATRS, TOPS, KALA, PAYS, TELL, MYSZ, PLUG, CARS(Bottom-watch)

Blue Horseshoe Stocks: Options Recap, Cannabis Play & More

SPDR S&P 500 ETF (SPY) – Options Recap

Despite market-wide turmoil over Britain’s “Brexit” vote, we saw fit to target a range of SPY options for observation in Friday morning’s premarket report. Our highlighted contracts were the SPY Weekly $200-205 Calls and with the exception of the lower denominations, which were were too far into the money to see any solid gain opportunities, they worked out quite well.

Some intraday volatility was the primary element which allowed quick-fingered traders to reap instant rewards from all but two of the contracts in the $205-202 Put-range. The potential gains were as follows:

$205 Puts – Trading Range:  .77-2.43 – Max Gain: 215%
$204 Puts* – Trading Range: 1.20-3.05 – Max Gain: 154%
$203.50 Puts* – Trading Range: 1.55-3.15 – Max Gain: 103%
$203 Puts* – Trading Range: 1.82-3.86 – Max Gain: 112%
$202 Puts – Trading Range: 2.87-4.88 – Max Gain: 70%

*Contracts labeled with an asterisk also saw a late day run of OVER 200% EACH, in addition to the initial moves listed above!


New Columbia Resources, Inc. NEWC

Today we’re circling back around to a play we have tracked in the past. Things have been mostly quiet for NEWC this year, with the exception of a massive run from the .007-range up as a high as a nickel. Since that time, leading up to last week, the stock had been under consistent consolidation. Tuesday, it began to experience a bounce that once again has our interest focused upon this cannabis-related play.

Due to the apparent impending end of over five decades of internal hostilities in Columbia, the company has commented on a bolstered outlook for its projects (both cannabis and mining) in the South American nation. Should the resolution be ratified in an upcoming referendum, it could mean good things for the future of NEWC, and accordingly, its stock.


Extended Watchlist:
XTRN, PXYN, SKUL, PTX, XGTI, ATRS, OCN

TTDZ, DEWM & Extended Watchlist

Triton Distribution Systems, Inc. TTDZ

Yesterday’s alert on TTDZ offered up opportunity for all, as the stock exploded out of the gate, trading from a low of .0052 all the way up to .009. That marked an intraday spike of 73% on nearly three times the 3-month average volume. Yesterday’s high represents a gain of 650% from our initial alert-low of .0012 on January 30th.

Perhaps most significantly is the fact that the stock finished out the session at .0088, very close to its high of day, and appears to want to gap up this morning.

As always, we need to watch carefully for the point where the stock runs out of steam, at which time we’ll be waiting for a pullback to lead to a future bounceplay opportunity. It’s all about being sharp-eyed and playing the current trend.


Dewmar International BMC, Inc. DEWM

DEWM, which has already afforded us gains in the 700%-range had some marijuana-related news out this morning that’ll lead us to watch this stock like a hawk today. The trading community has welcomed Dewmar’s intent to enter into the cannabis sector as evidenced by the hefty spikes on the chart we’ve witnessed. Today’s news furthers the company’s goals to that end, as they’ve announced the acquisition of a new subsidiary to house the company’s current and future cannabis holdings.

This is a story that we will definitely be paying attention to, as they attempt to become a player in the hemp industry, fueled by the Fed’s recently legalizing the cultivation of industrial hemp.

HOUSTON, TX–(Marketwired – Feb 20, 2014) – Dewmar International BMC, Inc. (OTCQB: DEWM) (OTCBB: DEWM) (“Dewmar” or “Company”), a leading provider of consumer brands to global markets announced that it has secured U.S. Hemp Corporation, Inc. d/b/a United States Hemp Corporation as a wholly-owned subsidiary for the purpose of holding and marketing the future hemp-related assets of Dewmar. >>> FULL PR


Extended Watchlist:
DIRV, MEET, ATRS, BCRX, BBRY (Options: Feb. 28th $10 Calls)