Blue Horseshoe Stocks: WB Options & More

Zillow Group, Inc. Z

We targeted a set of ideas for the Zillow options chain yesterday, namely the Z Weekly $48-49 Calls, as the company was coming off of its Q3 earnings release.

The stock gapped down fairly significantly, however it launched into an immediate rebound that made some solid gains possible in our highlighted contracts. Here are the total possible intraday gains which could have been achieved on the back of those ideas.

$48 Calls – Range: 1.30-2.23 – Max Gain: 75%
$48.50 Calls – Range: 1.10-1.70 – Max Gain: 55%
$49 Calls – Range: .80-1.40 – Max Gain: 75%


Weibo Corp. WB

We’re simply going to stick to our running strategy of hitting up plays that have just seen their respective companies report on earnings. Chinese internet stocks have been flagging of late, and WB is at this point, extremely oversold.

We could envision a longer term scenario in which WB sees a replacement back to  $100-110 range, however we are just going to roll with some quick-strike ideas for now. We’ll be tracking the WB Weekly $86-88 Calls as we head into week’s end.


Extended Watchlist:
ETM, ATIS, IAC, MTBC, BOOT, MTCH

Blue Horseshoe Stocks: Recent Winners


Recapping Recent Hot Picks

First thing’s first- we would like to include a quick update on two of the stocks to appear in our report yesterday, in which we had already witnessed very nice gains.  Both stock pressed to new highs during yesterday’s session, so we wanted to update readers on their continued success.

Tandem Diabetes Corp. TNDM  -  We called TNDM initially on April 11th, whereupon we observed a low of 6.62.  Yesterday the stock rose another 12% intraday, running from 10.75 to 12.05. That new high represents an 82% jump since our first alert, just over a month ago.

Stein Mart, Inc. SMRT – Also appearing in yesterday’s report for having put up impressive figures following our March 16th alert and subsequent observed low of 1.33, was SMRT. The stock reached a notable new high of 3.94. marking a two-month uptrend amounting to 196%



Arcadia Biosciences, Inc. RKDA

To come back to yet another great call we made last Tuesday (05/08), we’ve got RKDA. A couple of sessions following that first call, the stock would register a low of 7.31, and this week, we’re seeing the stock reaching new heights.

Yesterday it hit 12.25, which marks a rise of 67% in a matter of just six trading days. There is still a lot of room to the upside on the chart for RKDA to travel, so we’re definitely going to keep our eyes peeled for further bullish activity from RKDA.

Heat Biologics, Inc. HTBX

Speaking of charts with potential, we tagged HTBX on Monday, and it has been trending in the right direction, trading up from 1.35 to 1.74 so far. As you can see on the provided snapshot, it still has a very ripe-looking chart.



Extended Watchlist:
ARLZ, BLNK, BOOT, HEAR, M

Blue Horseshoe Stocks: AAP Options Recap & More

Advance Auto Parts AAP – Options Recap

We signaled a few options ideas for the AAP chain after simultaneously picking up on a heck of a bottom setup on the chart as well as a strong earnings report from the company yesterday morning.

It turned out to be another great set of selections for us, as AAP ran early on in the session, making some nice gains possible for anyone who caught our ideas, the AAP Weekly $85-95 Calls, and the 01/19 $95-105 Calls.

Weekly $85-95 Calls
$85 Calls – Range: 9.90-17.00 – Max Gain: 71%
$90 Calls – Range: 5.12-12.40– Max Gain: 142%
$95 Calls – Range: 1.97-8.00 – Max Gain: 306%

01/19 $95-105 Calls
$95 Calls – Range: 5.50-9.15 – Max Gain: 66%
$100 Calls – Range: 3.50-6.60 – Max Gain: 89%
$105 Calls – Range: 2.11-3.58 – Max Gain: 70%

We will of course continue to track the activity in these plays as we head through midweek.


Roku, Inc. – Update

Having had its IPO just six weeks ago, ROKU has made some excellent progress on the chart and already provided us with multiple opportunities for solid gains. We signaled some options ideas on Friday and those turned in gains ranging from 207-491% in that single session.

We also want to talk about the move in the stock itself since that alert, at which time we witnessed it trading for as little as 30.50 per share. Yesterday’s new high of 48.80 marked a 60% increase in a span of just three sessions. That’s a fantastic move for a $30 stock to make in such a short time.

Now that it seems that ROKU is coming down off of those highs, we are going to want to stay with the trend and flip momentarily to the other side of the fence with some bearish options ideas to finish out the week, with the ROKU Weekly $36.50-34.50 Puts.


Extended Watchlist:
PLCE, GFI, CMLS, BOOT, SKLN

Blue Horseshoe Stocks: KGNX Review, Options & More

KollagenX Corp. KGNX

After initially mentioning KGNX in Tuesday morning’s premarket report and observing a big intraday swing from this subpenny momentum mover (.00189-.0037, +96%), we mentioned yesterday morning that we wanted to continue to monitor its activity.

It ended up being a smart idea, as we bore witness to yet another solid upswing. After touching a low of .0025 right out of the starting gate, it didn’t take very long for KGNX to begin a run that lasted for the better part of the entire day. The stock ran hard into the close, touching a new high of .0044. It marked an intraday rip of 76%, and an increase of 133% over our observed low on Tuesday.

Once again recording higher lows and higher highs along with stronger than average volume, we’ll need to leave a slot on our radars open for KGNX as we head into week’s end.
____

More Updates:

Speaking of subpenny momentum plays, we want to keeping watching the activity in On4 Communications, Inc. ONCI.which we also put on watch in Tuesday’s premarket report. We saw the stock trade as low as .0021 that day and it hit .004 yesterday, a move of 90%

With the stock building a continuously higher base of support in each of the past four sessions and running to new highs, it is currently in blue-sky breakout territory. We continue to stay on its trail.


The Children’s Place, Inc. PLCE – Options Recap

We also want to provide an update this morning on the performance of one of our options ideas from this week. On Tuesday we tagged the PLCE Weekly $70-75 Calls for observation, and yesterday they really heated up for us with some serious intraday rips from all three sets of contracts.

$70 Calls
– Trading Range: 1.70-3.60 – Max Gain: 112%
$72.50 Calls – Trading Range: .55-1.80 – Max Gain: 227%
$75 Calls– Trading Range: .13-.54 – Max Gain: 315%

____

Fresh Options Idea: Advance Auto Parts, Inc. AAP Weekly $140 and $135 Puts (Earnings Miss)


Extended Watchlist:
SIGO, BOOT, CPXX, GLUU, BBEP(Bankrupt Bottom-Bouncer)