Blue Horseshoe Stocks: BB Recap & More

Blackberry Ltd. BB

Blackberry had a strong earnings release for its 2nd Quarter on Friday, and we took that as an opportunity to signal a pair of options calls in the BB chain, namely the BB Weekly $10 & $10.50 Calls. It was a good thing that we did, because the impressive intraday move the stock made from 10.43-12.00 ended up facilitated some really nice chances for huge single-session gains.

The $10 Calls traded in a relatively modest range from .50-1.05, gaining 110% on the day. But that was only modest by comparison to the other set we were tracking. The $10.50’s absolutely exploded, running from .10-1.47 for a colossal intraday move of 1370%


Tesla Inc TSLA

We also want to dip a toe in the water with the TSLA chain on the heels of a fast paced week of news pertaining to the SEC’s lawsuit against Elon Musk for misleading tweets back in August.

Shares jumped in the premarket following word that, while ousted as chairman for a period of three years as part of a quickly-reached settlement, Musk will retain his position as CEO.

In the wake of this activity this morning, we want to signal the TSLA Weekly $300-310 Calls for observation as we kick off this fresh trading week.


Neogen. Inc. NEOG

We want to place NEOG on watch today as well for a duality of reasons. Firstly, the stock has just begun to find support after losing its shirt over the past couple of weeks, The stock is ridiculously oversold that the moment, and we caught a Form-4 filing from the CEO and other insiders buying up shares near current lows last week.

So we have the insider angle, as well as a brilliant technical setup, so we’re going to signal the
NEOG 11/16 $70-80 Calls for observation in the days and weeks ahead.


Extended Watchlist: 
NBEV, CRMD, TRXC, BLDP, TRLY, EEFT, MGA

Blue Horseshoe Stocks: CVS Options & More

CVS Health Corp CVS

First up this morning, we’re taking a look at CVS, which is currently boasting an interesting chart setup along with a recent analyst upgrade.

The stock recently ran to an area of previous resistance near $84, and is currently down in the premarket along with the markets in general, but we’re going to be looking for a recovery.

As you can see on the annotated chart below, there appears to be an impending Golden Cross, with the 50DMA rising toward the 200DMA, and with the company’s quarterly earnings call slated for February 8th, we’re going to signal some options that could see some nice activity.

We’re going to radar the CVS 02/09 $77-80 Calls which will expire at the end of next week, and could explode with a favorable quarterly report.


Ballard Power Systems, Inc. BLDP – Update

We couldn’t have timed yesterday morning’s call of BLDP any better, outlining the reasons we thought the stock was ripe for a reversal. Among other things, it had strung together ten consecutive sessions of decreases or sideways trading, and yesterday brought the beginning of the rebound that we suspected was due.

From an early low of 3.39, BLDP made a modest, yet convincing move of 19% to a high of 4.04, before closing very near to the high of day at 4.02. It’s a good start, and we’ll want to see the stock continue to record higher highs and higher lows, and show some signs of sustaining its momentum.

Adding to the possibility of a continued uptrend is a PR regarding the company’s Protonex subsidiary this morning outlining a government purchase order of $1.6M for its power management systems for special operations military equipment.(>>View PR)


Extended Watchlist:
ALV, EXTR, FCSC, MNTA, PTI, NSPR, TVIX

Blue Horseshoe Stocks: INTC Recap & More

Intel Corp. INTC

On Friday morning, we saw serious potential in the INTC options chain following the company’s earning beat. They posted solid figures, but some were concerned over the possible security flaws prsent in the company’s new chips. Those fears were shrugged off with ease, as the stock took off for what ultimately turned out to be an exceptionally bullish session.

The move INTC made allowed for the chance at some really nice intraday profits in each of the three contracts we designated in Friday morning’s report, the INTC Weekly $47.50-48.50 Calls.

$47.50 Calls – Range: .75-2.50 – Max Gain: 233%
$48 Calls – Range: .43-1.99 – Max Gain: 362%
$48.50 Calls – Range: .25-1.50 – Max Gain: 500%


Ballard Power Systems, Inc. BLDP – Bottom-Watch

We’re always looking for a good bottom play, and one may be getting ready to present itself in the near future on BLDP. We want to place the stock on intensive bottom-watch in coming sessions, after it appears that BLDP has been the target of manipulative short-seller tactics, including a very likely erroneous class action ‘investigation’ and suit by multiple law firms. We see this type of thing all the time, and very seldom does anything come of such a situation.

What we do have is a stock that has been severely abused, beaten back to a previous multiple bottom of strong support. In a PR published today, the company has refuted the claims of its accusers, while adding that it expects to report record financials for fiscal 2017 presently. (>>View PR)

We’ll be sure to monitor BLDP for a bottom bounce which should be forthcoming at any time, and the subsequent rebound to follow, which could bring us a shot at considerable gains from current levels.

Side Note: We also want to radar Plug Power, Inc. PLUG, as it tends to trade very similarly to BLDP. We’ve traditionally looked at these plays in tandem, so we’ll keep watch over PLUG as well as it comes down to find its own bottom.


Extended Watchlist:
AVP, CHFS, IMNR, IGC, IOVA, MNKD, NCTY