Tag: BTU

ROKU Recap, Fresh Options Plays

Roku, Inc. ROKU – Recap 

We’re going to close out this trading week by recapping the moves in the ROKU Calls we signaled for tracking on Wednesday morning. We were interested in the momentum that was built up in the stock over an extended period, and we took a shot with the ROKU Weekly $310-315 Calls.

Yesterday brought just the sort of activity we were looking for, mas ROKU posted a very nice move on the day, allowing for the following new highs and gain opportunities in those contracts:

ROKU Weekly $310-315 Calls
$310: 2.29-12.68 (+454%)
$315: 1.37-8.69 (+534%)

Fresh Options Ideas: 

We have a large group of potential options plays as this trading week draws to a close, with several big name earnings reports dropping. Disney announced several new and highly anticipated shows to come in 2021 and is trading vigorously in the premarket. Here’s what we’re tracking heading into week’s end.

QIWI 01/15 $10-12.50
DIS Weekly $160-165 Calls*
RIG Weekly $2.50 Calls*
BTU 12/18 $2 Calls
ORCL Weekly $59.50-61 Calls*

*Please don’t attempt to trade options with a weekly expiration on a Friday unless you are a well-seasoned trader with access to disposable funds!

Extended Watchlist:
BSGM, HAVLF, DLOC, JNSH, KGKG

Fresh Ideas for an Exciting Friday Finish

Dominos Pizza Inc. DPZ – Options Recap 

We have been very light on options plays over the past week or two, as we are still in a lull for earnings reporters, which are the typical catalysts that we use to take advantage of the inherent volatility that generally follows a quarterly number drop.

. We still have managed to find an opportunity here and there, and yesterday our instincts told us to go short on Dominos. We signaled the DPZ Weekly $427.50-417.50 Puts and saw some good moves

DPZ Weekly $427.50-417.50 Puts
$327.50: 18.85-30.10 (+118%)
$325: 17.99-30.35 (+151%)
$322.50: 13.97-26.10 (+203%)
$320: 11.78-24.90 (+337%)
$317.50: 10.46-21.55 (+118%)
_____

SPDR S&P500 (ETF) SPY – Options Idea

We have been tracking the $340-341 Calls throughout the week, and based on the solid progress we’ve seen there ansd the premarket activity we’re observing this morning, we’;ll go ahead roll up to the SPY Weekly $344-345 Calls to stay close to the action.

More Fresh Options Ideas

Despite having no earnings to push these along, here are a handful of options plays we’ll be tracking today:

CGC Weekly $18 Calls
X Weekly $8-9 Calls
BBBY Weekly $21-22 Calls 


Camber Energy, Inc. CEI – Recap

We also want to backtrack a bit to our September 25th call of CEI today following what has been a very respectable run for the stock.

The day after our tag of CEI, the stock saw a low of .5011 and hasn’t looked back. Yesterday, a very impressive intraday move carried it to a new high of 1.43, which works out to an increase of 185% over a span of just ten trading days!

Extended Watchlist:
BTU, WWR, SNMP, GMEV, UNGS, UATG, RIOT, KNDI, 

Blue Horseshoe Stocks: New Options Ideas & More

Bon-Ton Stores, Inc. BONT

The markets as a whole have been beaten back this week, but in some cases, that can provide opportunities for stock bargains. One potential candidate that we’re going radar today is BONT, for numerous reasons.

First of which, the stock has just recorded a new 52-week low on the heels of some marginally disappointing Q2 figures, and all of our regular readers are quite aware of our affinity for a good recovery play. BONT also has a relatively low market cap for a company with its assets and revenues, thus it currently has the appearance of being undervalued in our opinion
.
Lastly we are heading into retail season, a time when department stores such as Bon-Ton generally experience increased sales, with school shopping in full swing and the holidays rapidly approaching. This and other retail stocks have traditionally been a boon to us as fall approaches, often offering a reprieve from the dog days of summer.

Direxion Daily Jr Gld Mnrs Bull (JNUG)

When the markets undergo the kind of distress we’ve been experiencing recently, many investors seek shelter in precious metals. We’ve turned to JNUG in the past in situations like these, so we’re going to be monitoring this fund for as long as stocks continue to struggle.

We’ve formulated the following options ideas for the JNUG chain:

To take advantage of the possibility of a protracted rebound, we’re going track the JNUG Weekly $12-13 Calls for chances at intraday flip opportunities, and in the event of a continued uptrend, we’ll flag the 08/28 $12-13 Calls for a longer-term idea.

Deere & Co. DE

On decreased Q4 guidance and a 40% drop in  quarterly profits, DE is taking a pounding in premarket trading today. The stock is trending below the 200DMA of 89.54, having gone as low as 85.72. If the stock doesn’t manage to rebound above to that 200DMA, we’ll look for it to continue its tumble. As a related options idea, we’re going to tag DE 09/04 $87-84 Puts for observation.

Extended Watchlist:
BTU(Momentum), COSI(Bottom-Watch)

Blue Horseshoe Stocks: PBMD Recap, ASTI News & More

Prima BioMed, Ltd. PBMD

PBMD stood out among yesterday’s fresh news plays with a solid performance on the day. It was helped along by the announcement that the European Medicines Agency had given positive Scientific Advice with regard to the development path for its metastatic breast cancer treatment.

We observed as the stock traded in a daily range from 1.42 to 1.78, representing a respectable 25% intraday swing, and it did so on the strength of nearly 3.5X its 3-month average volume.

Looking at some of the still-bullish features PBMD chart, we’re going to stay open to the possibility of seeing further upswings in the near future:

American Green, Inc. ERBB

We highlighted ERBB on Friday as a potential bottom-watch candidate, and the stock has responded with a nice move so far this week. It was trading at a low of .0039 to start things off on Monday, and yesterday we watched as it reached a .0049 high; a two-day swing of 26%

The company just completed an important step in their current business plan which was reported in a PR yesterday (link below). It was in reference to the partnership ERBB has formed to construct a legal marijuana grow operation in Colorado, which will purportedly focus solely upon the propagation of “CBD-rich cannabis strains”. It’s a story we’ll continue to follow as more details become available.

Ascent Solar Technologies, Inc. ASTI

We’re also still on alert with regard to an inclusion in Monday’s premarket report; ASTI has been making its way toward a bottom for the past few months. Yesterday we observed a low .451 toward the end of the session, and it appears that will be marked down as the the rebound point as the stock is gapping up heavily in early trading today with the help of a very positive PR.

As of this morning’s premarket high of .80 we’ve already seen a 77% swing in less than 24 hours. We’ll keep a close watch on ASTI today as this morning’s news of its 233% quarter-over-quarter revenue increase filters down and reaches more sets of eyes.

Extended Watchlist:
BTU, IPDN, UWTI, OCLS, GBSN, AMDA, CNXS(>Interesting PR)

Blue Horseshoe Stocks: Earnings-Related Options Ideas & More

Earnings-Related Options Ideas

We’ve entered into another round of high-profile earnings releases, and as our routine readers are well aware, this has become a key device in our seeking of quick-strike profits with options trading.

Ebay, Inc. EBAY
On EBAY, we’re going to size up contracts in the $58.50-60 Call range, looking for a classic dip-and-rip scenario. Usually on a gap-up after an earnings beat we see profit-taking which leads to a pullback followed by a resulting bounce. We look to get positioned in some in-the-money calls on the pullback that we can unload when the rebound occurs.

Caterpillar, Inc. CAT
CAT beat on earnings as well, and the range of contracts that we’re most likely going to find the biggest chances for gains here, should fall between $86-89.  We want to stay in the money with our strike price and roll it up in the event the stock breaks out more sharply.

Petroleo Brasiliero S.A. (Petrobras) PBR

For PBR, which is sliding back following yesterday’s post-market earnings release, we’re going to look for possible opportunities in Weekly Puts in the $9.00-8.50 range, depending on the intensity of the downward pressure we see on the stock as the market opens.

Enzon Pharmceuticals, Inc. ENZN

This is a stock that we want to put on our radars as we head into week’s end; biopharmas have been hot, and ENZN is among those that have been breaking out. We’re anxious to see how this play will continue to fare as it has been streaking into the blue sky.

It’s much like the move we saw in the past couple of weeks from VLTC, which spiked on news of an increased stake by billionaire activist investor Carl Icahn. It so happens that Icahn also owns shares in ENZN, which makes for an interesting side note. We’ll certainly want to keep this one in our sights moving forward.

Yahoo, Inc. YHOO – Options Ideas

If you recall, we were sitting on the fence with our approach to YHOO options yesterday as the internet search giant had fallen short on earnings. We noted that the heaviest action would likely be in the  $44-45 Calls or Puts, depending on the tone of the trend.

It became quickly apparent that YHOO was pulling back further upon the open,and anyone who followed our idea and latched onto the $44 Puts were in for quite a ride as those contracts traded in a range from .17-.55; an intraday swing of 223% The $45 Puts also made a move from .56-1.29, a slightly more subdued yet still very respectable 130%

Great Basin Scientific, Inc. GBSN

We need to congratulate anyone who caught our flag of GBSN in yesterday’s premarket report, as the stock made a healthy intraday run from 4.60-6.10 that could have afforded traders gains of up to 33% on the day on the heels of some FDA-related news.

Extended Watchlist:
CYTX, BTU, SCYX, IBIO

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