Tag: BLTA

Blue Horseshoe Stocks: Options Updates, BLTA Recap & More

Shire plc SHPG – Options Update

Yesterday morning, we focused in upon a range of options contracts in the SHPG chain, and the headliner from that group turned out to be the SHPG Weekly $180 Calls. The stock itself made a run from around midday into the close and exceeded the $180-mark, facilitating a double-bag intraday move out of those contracts.

The $180’s soared from a low of 1.76, running as high as 4.26 for a highly respectable single-session pop of  142% 

SHPG is gapping up in the premarket this morning, so we’re going to let it remain a point of focus for us today. We’ll be on the lookout for the possibility of another dip-and-rip formation, and as the situation may dictate, roll up our strike price to the $185-level.

 Baltia Airlines, Inc. BLTA

BLTA was an item from yesterday morning’s premarket watchlist, and despite getting off to a slow start, the stock actually made a solid intraday move that offered up the chance at appreciable gains.

We observed the stock’s daily low come in at .0017 before seeing a bounce take it to .0027, which amounted to a solid 59% swing. As you can see from the following chart snapshot, there are a number of indicators which suggest some upside potential still remains. We’ll want BLTA to maintain support in the highlighted channel in order to hold our attention.

Fresh Options Idea – Wells Fargo & Company

WFC has put together a couple of solid sessions this week to rebound off of a recent relative bottom, and appears to be setting up for another one today as it gaps up in the premarket.

Not only has it just received an analyst upgrade, but the company will report Q4 earnings on Friday morning prior to the opening bell. We’ll look to take advantage of the wave of anticipation and possibly see some nice activity in the WFC 02/12 $52-54 Calls.

Extended Watchlist:
TRTC, TPAC, AHIX, TALK, AWGI, MAXD

Blue Horseshoe Stocks: New Options Ideas & More

New Options Ideas

The market, which has been struggling mightily here in the opening weeks of 2016 for numerous reasons, appears to be in line for some measure of a rebound today, based on early trading activity. Q4 earnings season has kicked off, which should result in an increase of options trading opportunities in the days and weeks ahead.  In the event this trend holds and progresses, we’re going to want to have a few options contracts ready and waiting in the hopper to watch for swing-trade possibilities.

Shire plc SHPG

SHPG shares are gapping up to the tune of more than 5% in the premarket this morning in the wake of the revelation that Shire would be acquiring US-based Baxalta for a whopping $32B. The deal figures to create the largest rare-disease drugmaker conglomerate in the world.

We like to take advantage of blockbuster reveals such as this, and the trading hysteria they tend to create. For this particular situation, we are going to set our sights on SHPG Weekly $175-180 Calls.

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Acadia Pharmaceuticals, Inc. ACAD

ACAD has been tumbling down in terms of PPS in recent sessions. The reported possibility of dilution as a result of fundraising via public offering has had investors coming down on the bearish side of the fence. We want to be on the lookout for the possibility of a rebound. If such a move occurs we’re going to have the ACAD 02/19 $29 Calls and 03/18 $30 Calls on our radars moving forward.

Alcoa, Inc. AA – Possible Recovery Play

AA is striking us as a stock whose time for a rebound may be fast approaching. We want to signal this as a potential bottom-play. The strength index is heading into heavily oversold territory, and a triple-bottom setup suggests AA could be nearing basement-level prices.

We’re going to add this to our current list of bottom-watch plays, which also includes KOOL, MGI, GNBT, and MAXD.

Extended Watchlist:
HCTI, IMTV, BLTA, AAPL

Blue Horseshoe Stocks: Fresh Options Ideas & More

Options Ideas

With stocks characteristically lagging a bit as we head into the holiday break, and figuring to do so until the turn of the new year, we’re going to zero in on a couple of potential options plays.

Celgene Corp. CELG

CELG is gapping up into the $120-range this morning, and we will be interested in tracking its activity as things open up today with untraded-upon news of a significant nature. The company achieved a favorable outcome on a long-standing patent dispute which was announced yesterday post-market (View PR).

We will be looking for a possible dip-and-rip scenario, and will want to see the 50DMA of 115.03 hold as support on any pullbacks. Provided it can manage that, we will look to the CELG Weekly* $116-120 Calls for the possibility of some intraday flip opportunities.

*We must remind everyone that Weekly options contracts for this week will expire upon tomorrow’s 1PM Eastern market close. 

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Spirit Airlines, Inc. SAVE

SAVE is currently striking us as a potential extended-term swing-trade candidate. Despite already having experienced a sharp uptrend at the beginning of this month to rebound off of its annual lows, the stock is still trading at roughly half of its 52-week high. The possibility of a protracted recovery is very real, in our opinion.

SAVE January 15th $40 & 45 Calls are going to be the contracts that we will be placing on watch this morning, and for the next few weeks.

Additionally, as we’ve pointed out on the chart below, there is a significant gap from roughly $45-49. The filling of this gap would undoubtedly produce serious gains in the aforementioned options.

Swift Energy Co. SWYW

Speaking of large chart gaps, we’ve noticed one on SFYW, which has managed to rebound after falling off a cliff a couple of sessions back. We’ve identified the gap on the following snapshot:

We’ll go ahead and put SFYW on our radars over the next several sessions; a return to pre-gap PPS levels would spell a double-bagger from the current price.

Extended Watchlist:
NXGA, TALK, BLTA, LTNC, KWBT