Tag: BCCI

Blue Horseshoe Stocks: Successful Options Plays & More


Options Recap

We kicked off this short trading week with a couple of options ideas yesterday, and both plays got off to a good start.

Tiffany & Co. TIF

TIF was our top-billed options idea from yesterday morning’s premarket report, wherein we signaled our interest in tracking contracts in the range of TIF Weekly $66.50-64 Puts for quick-strike opportunities. The company announced less-than-favorable results for the quarter which set the stock up for a tumble, just as we’d suspected.

The contracts that jumped out to us as seeing the most activity were the $65’s and $64’s. The $65 Puts traded up from a daily low of .51 and hit 1.65 for potential intraday gains of up to 223%, while the $64 Puts jumped 132% from .56-1.30.

We’ll leave ourselves open to the idea of seeing even more downside on TIF, especially with market conditions in general continuing to lag.

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Netflix, Inc. NFLX

Our other options trading idea from yesterday was pertaining to NFLX. We said we wanted to take advantage of the anticipation leading into yesterday’s post-market quarterly earnings reveal, and our strategy worked to a tee.

We had set our sights on NFLX Weekly $105-107 Calls to take advantage of what we were observing, and every set in that range produced chances for notable intraday profits:

$105 Calls – Trading Range: 7.00-9.50  – Max Gain: 36%
$106 Calls – Trading Range: 6.30- 9.25 – Max Gain: 47%
$107 Calls – Trading Range: 6.02-8.40 – Max Gain: 40%

NFLX did beat Wall Street’s expectations, and is presently bucking the overall trends as it gaps up here in the premarket. We’re going to look to roll up our target strike prices to the range of $110-112 Calls as our previously tracked range has now been pushed deep into the money.

Other Noteworthy Gainers 

We had a couple of plays on the stock side of things make decent moves after appearing on yesterday’s premarket watchlist. While they didn’t quite go exponential on us, both of the following made good, solid moves to the upside during yesterday’s session.

Pleasant Kids, Inc. PLKD

PLKD saw its low come in at .2109, and it got off to a fast start, reaching its high of .285  within roughly the first half hour of trading. That logged as an intraday pop of 35% The company is aiming at a name and symbol change (Next Group Holdings, Inc. NEXT) after its recently completed merger (View 8-K). The request is still being processed by FINRA at this time, but we’ll keep our eyes open for updates, and remain on this plays trail as long as it can hold support above yesterday’s swing low.

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Goodrich Petroleum Corp. GDPM

The other stock from yesterday’s watchlist  to produce an intraday spike was GDPM, which recently delisted from the NYSE to the OTC (Formerly NYSE:GDP). We witnessed the stock run from a low of .071 to .095, a respectable 33% pop which occurred on slightly higher-than-average volume. It managed to close at .088, holding a good portion of yesterday’s daily advances, so we’ll let it remain on our radars as we cruise through this midweek.

Extended Watchlist:
BCCI, TPAC, HCTI, PKGM(Bottom-watch)

Blue Horseshoe Stocks: Wrapping Up Another Great Week

Baristas Coffee Company, Inc. BCCI

We first placed BCCI on our tracking list on Tuesday in our premarket report (and every day since), and the stock has gone on to make bullish moves all week. From our observed low of .009 on Tuesday, it took BCCI just three sessions to register an enormous swing to upside.

Yesterday the stock reached as high as .0279  which marked an intraweek increase of  210% and it did so on near-record volume, trading more than five-and-a-half times its 3-month average.

USA Restaurant Funding, Inc. USAR

USAR is another stock we’ve been tracking over multiple sessions this week. We entered it into the mix on Wednesday morning, at which time we witnessed lows of .0015 followed by a 93% run to .0029. We continued to track it into yesterday’s session whereupon the stock pressed from .0026 to a new high of .005 (+92% intraday) before falling back to the .002-range.

Two consecutive days with moves of better than 90% is nothing tio sneeze at; the overall range we observed in USAR in just a pair of trading days amounted to 233%


Fresh Options Ideas

We had tremendous success last Friday with sets of inversely-correlated options plays, so much so that we’ll try to do it again today. The VXX and the SPY have a tendency to mirror each other in reverse; we’ll use that fact to formulate a group of ideas that we feel have good potential based on this morning’s premarket activity.

The VXX Is gapping up over 4%, trending above both the 50DMA (19.75) and the 200DMA (21.08), and the set of options we’re going to be monitoring as a result are the VXX $20-22 Calls. Conversely, we’ll also track the SPY $206-203 Puts.

Notice the line we’ve drawn on the following VXX chart snapshot; the $22-mark has been acting as a key resistance area in recent months. A break past that figure could spell significant advances from this juncture. In the event that occurs, we may need to look at rolling up our strike prices accordingly.

Extended Watchlist:
CBIS, MHRC, CANV, HPTG, DBMM

Blue Horseshoe Stocks: Yesterday’s Big Winners & More

 

Lululemon Athletica, Inc. LULU

LULU was our options trading target yesterday as we noticed the stock gapping down more than 10% in the premarket on an ill-received earnings report.

The idea we had was to track each set of contracts within the range of LULU Weekly $47-44.50 Puts for possible intraday swing-trade opportunities. It ultimately turned out to be an awesome call, with blockbuster moves being produced by every single set we’d highlighted.

$47 Puts  – Trading Range:  .19-2.01  – Max Gain: 958%
$46.50 Puts – Trading Range: .13-1.59   – Max Gain: 1123%
$46 Puts  – Trading Range: .09-1.25  – Max Gain: 1288%
$45.50 Puts – Trading Range: .10-.94   – Max Gain: 840%
$45 Puts  – Trading Range: .05-.75  – Max Gain: 1400%
$44.50 Puts – Trading Range: .05-.52   – Max Gain: 940%

Perhaps the most astonishing thing is that single-session gains of this magnitude have become commonplace for our options ideas, as anyone who has followed our reports for awhile can attest. It’s the primary reason behind our shift over the last couple of years as we’ve moved to split our focus between what we like to call quick-strike options trading, and securities trading. The integration of options trading has opened up a lot of doors for us on a consistent basis, and we expect that trend to continue indefinitely.

Premier Biomedical, Inc.  BIEI

We had just finished commenting on the big moves BIEI has been making in yesterday morning’s report, and once again the stock pushed to new highs in what amounted to a very bullish session.

So after witnessing a 121% run from .015-.0334 on Tuesday, we were treated to another big intraday pop as BIEI ran from .0305 to .0529; a solid 73%

We also put together a video illustrating various facets of the BIEI chart:

USA Restaurant Funding, Inc. USAR

USAR was tagged in yesterday’s premarket report on our extended watchlist, and it too produced a significant move on the day, gradually ramping up throughout the course of the afternoon and running into the close.

From a low of .0015 the stock fell just a tick shy of a double-bagger, reaching a new 52-week high of .0029. It marked an intraday performance that allowed maximum gains of up to 93%

Extended Watchlist:
 MHRC, MDBX, BBRD, BCCI, CGRA, NUVI