Tag: BAC

Blue Horseshoe Stocks: New Plays, Fresh Options Ideas & More

Options Ideas

The first thing we want to do this morning is provide an options update on the idea we submitted in yesterday morning’s premarket report, as well as furnish a new idea on another interesting prospect.

Bank of America Corp. BAC – Our targeted BAC 07/15 $15 Calls didn’t exactly knock our socks off, but still recorded a notable intraday upswing. We watched as they traded up from a low of .27 to a high of .34; a modest but respectable gain of 26% We’ll be sure to leave a slot on our watch-screens reserved for those contracts with more than a month remaining until their expiration.

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Fresh Idea: Hertz Global Holdings, Inc. HTZ – Last week, billionaire activist investor Carl Icahn made a sizable increase to his already huge position in HTZ, to the tune of roughly $9.6M added at prices just below $10, making him a 15.24% stakeholder. The stock has been performing exceedingly well since the transactions went public.

We’ve benefited greatly from following Icahn’s money in the past, and want to tag some HTZ Calls for tracking on the chance that it could happen again. Our targets are going to be the HTZ Weekly $11 & $11.50 Calls.

Energy Sector Ideas

Stone Energy Corp. SGY – Is looking strong in premarket trading today. The stock recently set a new 52-week low approximately three weeks back, and has made a couple of nice moves off of that bottom since then.

We’re interested in tracking the activity in this play in sessions to come, especially granted the fact that it will be undergoing a 10-for-1 reverse split, effective as of Monday’s opening bell.

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Rex Energy Corp. REXX – This stock has been in a similar position on its own chart, making good strides off of recently-registered relative lows, and has actually breached its 50DMA (.85) in early trading this morning. The next patch of resistance is likely to arise in the channel between 1.20 and the 200DMA of 1.45.

Baristas Coffee Co., Inc.  BCCI

Lastly,  a quick recap of BCCI’s performance yesterday after appearing in our premarket report. From a low of .06, we observed the stock trade up to a high of .08; an intraday move of 33%

This is another stock that recorded new 52-week lows toward the end of May, and has followed up with solid moves up off of that bottom. We’ll continue to keep an eye on the activity in this play.

Blue Horseshoe Stocks: Bottom-Play, Options & More

Adaptive Medias, Inc. ADTM

To kick things off on a fresh trading week this morning, we’re going to return to ADTM, a stock we’ve been familiar with in the past. We want to approach this play as a bottom-watch candidate. The stock has been in a general downtrend for the better part of four months, and just recently had been bashed back to a new 52-week low last week.

The stock has fallen, in just a short period of time, down into subpenny territory from prices of more than a dime a share just a couple of weeks ago. We’re always intrigued when a stock undergoes such a rapid sell-off, because in many instances, it leads to a serious rebound-play opportunity.

Should we be able to properly time the bottom, the potential rewards would be staggering if the stock managed to regain even half of its recent lost ground from current pricing. We’ll be sure to watch closely for that possibility.

Bank of America Corp. BAC – Options Idea

Sometimes, when searching for trading opportunities, the best way to identify items of significance is to follow the money. In the case of this morning, we’ve noticed an exceedingly high amount of open interest in BAC Calls, and are going to be looking to signal some longer-term contracts for monitoring in sessions to come.

Our highlighted targets in this instance are going to the BAC 07/15 $15 & 15.50 Calls. With such an extended expiration, it’s going to give us plenty of time to see BAC stock begin to approach that $15-mark again, and if/when it does, the gains in these contracts should prove to be quite significant.

Extended Watchlist:
BCCI, ONCI, QLTS, QUTR, GRSU, AMRS

Blue Horseshoe Stocks: Options Review & More

Options Updates

Under Armour, Inc. UA – On Thursday, we signaled interest in the UA Weekly $45-48 Calls and as you may recall, on that day we were provided the chance at gains spanning from 42-186% from contracts within the range. We mentioned the following morning that we expected to see further moves out of them. Our assumption proved accurate.

Multi-bag intraday gains were there for the taking, and the trading ranges in some cases exceeded any of the big gains we’d seen on Thursday by a wide margin: 

$45 Calls – Trading Range: .87-2.05 – Max Gain: 136%
$45.50 Calls – Trading Range: .54-1.54 – Max Gain: 185%
$46 Calls– Trading Range:  .20-1.10  – Max Gain: 450%
$46.50 Calls – Trading Range: .10-.57 – Max Gain: 470%
$47 Calls – Trading Range: .02-.20 – Max Gain: 900%

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Bank of America Corp. BAC  – We were also targeting BAC options last week, namely the BAC 07/15 $15 Calls which we signaled for observation on Wednesday morning. That day we witnessed a low of .51 in those calls, and the performance was quite respectable for the remainder of the week, culminating in a high of .85 on Friday.

We’re going to want to leave this play on our radar, with so much time remaining until their expiration, we may yet see further opportunities arise.

Lithium Corp. LTUM

We also want to make a quick mention of LTUM, which appeared on our watchlist on Friday, and subsequently made a notable move.  The stock traded in a range from .10-.1349, for gains approaching 35%

Adding to the Radar

We took a look around this morning for a few new items of interest as we kick off another trading week, and came up with the following four stocks, three of which are in the biopharma sector. Half are catching our attention with fresh news out this morning, and the other half have attractive features on their charts.

FRESH NEWS:

EP Global Communications, Inc. EPGL

Johnson & Johnson Vision Care, Inc. Secures Exclusive Right of First Negotiation to EP Global Communications, Inc. Ophthalmic Technologies (Mon 7:10AM EDT)

Protea Biosciences Group Inc. PRGB

Protea announces license agreement with Yale (Mon 8:00AM EDT)

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INTERESTING CHARTS:

TetraLogic Pharmaceuticals Corp. TLOG  & StemCells Inc. STEM are also going on our watchlist after we’ve identified gaps on both charts in need of filling. We’re going to keep an eye on this pair over the next few sessions and see how it shakes out.

Extended Watchlist:
ADCF, ASUV, AVXL, HMPQ, ROSV, SFOR