Blue Horseshoe Stocks: New Options Idea & More

Acacia Research Corp. ACTG

Pretty much the entirety of 2017 has been some tough sledding for ACTG, which was in an overall downtrend since last winter when it was trading at more than twice its current value.

That all seemed to change around midway through last month, as the stock has managed to establish a good rebound effort for several sessions. In the premarket the stock has broken previous resistance which coincided with the 50DMA (3.63) and could make a move to fill that gao we’ve pointed out on the chart below.

We’ll put the stock on watch in the days and weeks ahead as we kick off this holiday-shortened trading week.


Insmed, Inc. INSM

After posting key data reflecting positive top-line results in its Phase III lung disease treatment study, INSM has exploded into the blue sky this morning. The stock has rapidly gained more than twice its value in premarket trading, and whenever we come across a situation like this, we begin to look for the options contracts that could give us the best opportunity for rapid gains.

We think that the INSM 09/15 $27-30 Calls could stand to see some nice activity if the stock continues the blue-sky breakout we’ve witnessed so far.


Extended Watchlist:
ONCI, VDRM, MYDX, BSTG, PTN, BSRX, BLPH

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Blue Horseshoe Stocks: ANF Review & More

Abercrombie & Fitch Co. ANF

We’ve been going heavy on the options front all week, and one of the fresh ideas we came up with for our premarket report yesterday morning, were the ANF Weekly $10 & $11 Calls.

Despite posted losses on their earnings report, they still beat the expectation, and the move the stock made facilitated some pretty nice gains in our highlighted contracts. The $10 Calls traded in a range from .60 up to 1.48 for a 146% rip, while the $11 Calls ran hard from .11 to .53, marking a stellar move of 382%

We’re seeing another premarket push this morning, so we’ll definitely want to continue to track the activity* here as we close out another trading week.

* We don’t include mentions of weekly options contracts on a Friday without explicitly warning our readers every single time. Trading weekly options at the end of the week is an exceedingly risky proposition that should never be attempted by beginning or novice traders!


MoSys, Inc. MOSY

We included a mention of MOSY in yesterday morning premarket report, and while it didn’t necessarily produce a blockbuster run, its intraday performance was respectable.

We saw the stock trade up from an early low of 1.06 and reach 1.35, which comes out to a modest 27% rise. It did so on volume to the tune of more than 14X the monthly average.


Extended Watchlist:
RTNB, KMDA, DMTX, XOMA, GPRO, CDNA, BSTG

Blue Horseshoe Stocks: Options, RMRK Recaps & More


Options Recap –
We cast a pretty wide net with respect to options ideas in the retail sector in our premarket report yesterday morning, and our efforts didn’t go unrewarded. Both EXPR and AEO provided us with some nice chances.

Express, Inc. EXPR – We were tracking the EXPR 09/15 $6 & $7 Calls. The $6′s traded in a range from .45 -.92 for a gain of 104%, while the $7′s logged an even 100% double-bag run from .15-.30.

American Eagle Outfitters, Inc. AEO –   For American Eagle, we were looking at the AEO Weekly $12 & 12.50 Calls. The $12′s recorded our biggest options gainer of the day with a 212% move from .08-.25, and the $12.50′s were another even 100% push , trading from .05-.10 on the day.
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More Ideas -
We’ll keep the post-earnings retail options train rolling today with two fresh sets of ideas using the Abercrombie & Fitch Co. ANF and Dollar Tree, Inc. DLTR chains. We’ll have the ANF Weekly $10 & $11 Calls, and the DLTR Weekly $78-82 Calls on watch as we head into week’s end.


Rimrock Gold Corp . RMRK

We included RMRK in yesterday morning’s premarket report, after noticing some abnormal activity building up in the previous session.

It was a good thing that we did, because yesterday’s performance from the stock was explosive. It traded in a range from .0006 to .0025 on the day, for a fantastic single-session rip of 316%

The move occurred on volume of more than 1.8 billion shares traded; an all-time high for RMRK.


Extended Watchlist:
OCLR, NPTN, MOSY, BSTG, SHLD, TTNP, SIG, RUN

Blue Horseshoe Stocks: MYO, HOS Reviews & More

Myomo, Inc. MYO

In terms of intraday gainers, MYO stole the show on Friday after appearing in our premarket report. Considering the fact that it was a ten dollar stock to begin with, the single-session rip we got from this play was fantastic.

From a low of 10.10 in the morning, MYO cruised its way to a high of 18.20 on over three times the monthly average volume. That worked out to an 80% move, and the stock closed with strength.

We’re going to be looking to MYO again as we kick off a new trading week today, as the stock has already bested Friday’s highs in premarket trading this morning. There may be a dip-and-rip formation, or a straight continuation of momentum, but either way we’ll want to see higher highs and higher lows established in order to confirm MYO as a multi-day runner and remain interested.


Hornbeck Offshore Services, Inc. HOS

Coming in as an honorable mention, also from Friday’s report, was HOS. The stock traded up from 2.26 and ran as high as 2.93. That logs as a intraday rise of 30%, and it traded six times its 30-day average volume.

Like the above-mentioned play, HOS had a pretty solid close, and is showing signs of potentially sustaining the trend it established leading into the end of last week.


Smart & Final Stores, Inc. SFS

Many grocery stocks took a hit at the end of last week amid the huge Amazon-Whole Foods deal, and there could definitely be rebound opportunities forthcoming as a result.

One such stock that caught our eye is SFS, which was hammered down to new 52-week lows on Friday. Purely from a technical standpoint we’d be interested in this for potential bottom plays in the stock and the options chain as well. We’ll signal the SFS 08/18 $10 Calls for observation over an extended term.


Extended Watchlist:
RIGL, RWLK, WKHS, BVXV, BSTG, MSDI, ORIG

Blue Horseshoe Stocks: KATE Recap & More

Kate Spade & Co. KATE – Recap

We closed out yesterday morning’s premarket report with a fresh options idea on KATE just following the company’s earnings report. While revenues were down, a healthy beat on profits led us to cast our lot in with the bulls.

We targeted KATE Weekly $20 and $21 Calls and were not disappointed with the outcome, with both sets of contracts providing ample opportunities for intraday gains.

The $20 Calls stopped just short of recording a double-bag move, running from 1.41 to 2.70, for a 91% rip. The $21s did manage that feat and then some, with a 131% pop from .65 to 1.50.


Fresh Options Ideas

VanEck Vectors Coal ETF (KOL) -  We want to put an extended watch on the coal industry just hours after breaking news of the signing of “Resolution 38″, which nullifies a recently enacted law barring coal miners from dumping project waste material in streams.

It’s a cost-cutting move that could benefit domestic coal producers in the long run, and could create some chances for us in the process. We want to add the KOL 03/17 $13 Calls, and  04/21 $14 Calls to our watchlist in the weeks and months ahead.

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Unilever PLC (UL) – Shares of UL spiked this morning on the heels of Unilever rejecting a $140B+ takeover bid. We’re looking to potentially take advantage of the resulting hype with an idea for possible daytrades.

We’re going to be keeping an eye on the UL Weekly $42.50-47.50 Calls for the chance at some quick-strike gain opportunities.


Extended Watchlist:
FNHI, KNSC, IDGC, VNUE, ARSN, BSTG