Blue Horseshoe Stocks: Options, NLNK Recaps & More

GoPro, Inc. GPRO

We took advantage of the situation with GPRO yesterday after noticing the stock light up the boards in the premarket on the heels of a guidance adjustment.

We set our sights on the GPRO Weekly $9.50 & $10 Calls and both sets of contracts ended up providing traders with a chance at notable intraday gains.

The $9.50′s ran from .13-.90 for a whopping intraday pop of 592%, while the $10′s traded in a range from .47-1.20 for chances at up to 155% profit.



Insmed, Inc. INSM – Update

We’ve also got the pleasure of updating the figures on the options idea we put out on Tuesday after INSM had yet another solid session. The updated ranges on the contracts we selected are quite impressive, including a twelve-bagger, clearly demonstrating why we devote so much energy to options trading in addition to stocks!

The gains that were up for grabs to anyone who was paying attention were as follows:

$27 Calls
– Range: .95-4.50 – Max Gain: 373%
$28 Calls – Range:  .25-3.40 – Max Gain: 1260%
$29 Calls – Range: .40-2.75 – Max Gain: 588%
$30 Calls – Range: .50-2.12 – Max Gain: 324%


NewLink Genetics Corp. NLNK

We also had some very good fortune with our call of NLNK yesterday morning, which we caught notice of on our routine morning scan after some abnormal activity cropped up in the premarket.

Despite the fact that it went into the session as a $9+ stock, we still saw a really nice intraday push en route to NLNK going on the books as the NASDAQ’s top mover. We observed as the stock ran from a low of  9.50, traded up for essentially the entire session, and hit a high of 14.48 for a hefty 52% move on the day.

NLNK closed with strength, maintaining well over half its daily advance, so we’ll definitely want to continue to monitor the situation. No matter how you slice it, a single-session gain of 50% from a nearly ten-dollar stock, is nothing short of incredible.


Extended Watchlist:
CLDR, KURA, AVEO, OPGN, EPIX, FUTL,
FRTA(Bottom-Bouncer)

Blue Horseshoe Stocks: AEZS Recap & More

Aeterna Zentaris, Inc. AEZS

It had been quite some time since the last time we mentioned AEZS in one of our reports, but were prompted to do so yesterday, after noticing some unusual premarket activity on our routine morning scan.

It’s certainly a good thing that we did, because the stock became our number one play of the day with an outstanding performance. It also happened to be the NASDAQ’s top gainer of the day. From an early low of 1.48 the stock shot up to a high of 2.80 shortly after 1:30, marking a single-session rip of 89%

The big move came on volume exceeding the monthly average by roughly 40 times, and the stock managed to hold well over half of its gains into the close, so we’ll be sure to leave AEZS on our radar as we head into the end of the week.


Marijuana Company of America, Inc. MCOA

Another point of focus for us yesterday was MCOA, which we signaled the previous morning, and subsequently witnessed a 38% (.02685-.037) upswing. We were mentioning that, along with the fact that an interesting PR had hit newswires which we felt could set the table for further gains, and we were correct in our assumption.

Perhaps also riding the wave of invigoration that has flowed back into the cannabis space as a whole over the past few sessions, MCOA continued its ascent, trading in a range from .0361-.0467 on the day. That was good for an intraday move of 29% and extended our two-session observed range on the stock to a respectable 74%



Sears Holdings Corp. SHLD – Options Idea

We’ve had some good fortune in the past with SHLD, and more specifically, its options chain. This morning, we’re spotting another possible opportunity on that front. The company will now be selling Kenmore appliances via Amazon.com, and as a result, the stock is gapping up over ten percent in premarket trading this morning.

To take advantage of the commotion, we’ll have our eye on the SHLD Weekly $9-10 Calls.


Extended Watchlist:
TEUM, ANY, AVEO, DFFN, HPJ, CAMT, BVXV

Blue Horseshoe Stocks: AVEO Recap & More

AVEO Pharmaceuticals, Inc. AVEO

Swinging back around to discuss AVEO is our top order of business this morning after the stock soared to new highs yesterday. We placed this stock on watch on June 23rd, subsequently mentioning it several times.

On the day of our initial alert, AVEO traded for as little as 1.05 per share, and after multiple weeks in a near-contnual uptrend, the gains have been fantastic. Yesterday AVEO reached new four year highs of 3.19, marking an overall swing of 204%

Volume over the same period has been greatly heightened, and yesterday’s close at 3.15 was a strong one, so even though AVEO has had momentum-mover status for several sessions, we’re going to want to continue to watch it closely.


Inotek Pharmaceuticals, Inc. ITEK

We’re always looking for a good bottom-bouncer, which is why we want to take note of ITEK this morning after disappointing study results on the company’s eye drug sent shares tumbling yesterday.

As we point out on the chart snapshot below, the stock has been beaten back into oversold territory, leaving a big gap on the chart. We’ll place it on watch for the filling of that gap, which from present pricing would spell gains of up to 60%


Extended Watchlist:
ATNM, HK, FOLD, TEUM, JAGX, MSDI, OCUL

Blue Horseshoe Stocks: Options Review & More

ProShares Short VIX Short-Term Futures ETF (SVXY) – Recap

We had some positive jobs numbers which posted on Friday, and to go along with the direction of the market activity we were observing, we highlighted a range of weekly options contracts in the SVXY ETF.

Our targets were the SVXY Weekly $152-154 Calls and we did see some pretty good movement from plays in that range, which made appreciable moves on the day. Those total possible gains were as follows:

$152 Calls – Range: 2.34-3.91 – Max Gain: 67%
$153 Calls – Range: 1.86-3.54 – Max Gain: 90%
$153.50 Calls – Range: 1.61-2.28 – Max Gain: 42%
$154 Calls – Range:1.15-2.71 – Max Gain: 136%


ShiftPixy, Inc. PIXY

The Friday before last, we signaled newly-IPO’d PIXY for observation on its first trading day ever, and it also performed admirably during last week’s short trading week.

After starting at a price of 6.30 on Friday (06/30), PIXY began to run, and this past Friday it hit a high of 10.50. That’s a solid 66% upswing, which is quite impressive for a first week of trading.

This morning, we’ve seen our observed range on PIXY increase even further to 78% with the stock managing a premarket high of 11.20.

We’ll be anxious to pick up where we left off and continue to track this new stock as we head into a new trading week. Each new high it sets is a new all-time high, so there’s no telling where this ride will let off. As we mentioned last week, we’ll just continue to monitor the stock, looking for higher base levels of support to be established as we go forward.


Inpixion INPX

We’re always looking for a good bottom play, and we have one with some potential in INPX, which tumbled last week after the company announced a hefty $6M public offering.

The offering was priced at 1.05/share and the stock is currently trading in the high-.60′s. We feel a return to at least the offering price would not be implausible.

Stocks coming off of recently-established 52-week lows have historically been good to us, so we want to place INPX on watch for a potential recovery.


Extended Watchlist:
AVEO, ATOS, HEB, KOOL, MSDI, PLX


Blue Horseshoe Stocks: VSTM, KTOV Recaps & More

Verastem, Inc. VSTM

With impressive new highs being printed yesterday we thought it was a good time to swing back around and recap the recent progress of a stock we’ve been tracking since early this spring. A quick look at the VSTM tag in our archives reveals that we began tracking this play with a mention in our premarket report on March 24th at which time the stock saw a low of 1.59 and never went any lower. That was followed by another reminder just a few weeks ago when the stock was trading in the 2.10′s.

Despite the usual fluctuations, the stock has been in an ascending wedge pattern on the chart from our initial highlight, generally trading in an upward direction and yesterday, hit new highs of 3.75. From our observed low of 1.59 that works out to a total increase of 142%  For those who may have only caught the most recent mention, gains of up to 95% were still attainable as of yesterday’s new high.



Kitov Pharmaceutical Holdings, Inc. KTOV

We included KTOV in yesterday morning’s premarket report after picking it up on our routine morning scan. The stock responded with a very nice daily performance.

From a low of 1.80 it ripped 100% to 2.70 for a perfect double-bagger, and it did so on extreme high volume on the order of 155X the monthly average. With that kind of price action and liquidity, we’ll be certain to keep close tabs on KTOV as we close out this holiday-shortened week.


ProShares Short VIX Short-Term Futures ETF (SVXY) – Options Idea

After some positive jobs numbers went out this morning, we want to signal a range of options in the SVXY, which is one of the funds we use as a market analog. A bullish session for the markets as a whole could spell some nice gain opportunities in the SVXY Weekly $152-154 Calls*.

*We don’t include mentions of weekly options contracts on a Friday without explicitly warning our readers every time. Trading weekly options at the end of the week is a highly risky proposition that should never be attempted by beginning or novice traders! 


Extended Watchlist:
DGLY, GLBS, MARA, AVEO, HTGM, AFSI, CNAT