Blue Horseshoe Stocks: Wrapping Up Another Great Week

Options Roundup

American Express Co. AXP – For a fresh idea yesterday, we signaled a range of AXP options that we felt would see some nice activity in the wake of an earnings beat for American Express. The targets were the AXP Weekly $64-65.50 Calls.

Our assumptions proved accurate, with major moves happening for all four sets of contracts contained within that range:

$64 Calls – Range: 1.10-3.83 – Max Gain: 248%
$64.50 Calls – Range: .81-3.20 – Max Gain: 295%
$65 Calls – Range: .44-3.57 – Max Gain: 711%
$65.50 Calls – Range: .33-2.30 – Max Gain: 597%

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Netflix, Inc. NFLX – We also had a running options idea going for NFLX since Tuesday, and the gains were extended even further for us in yesterday’s session. The NFLX Weekly $117-120 Calls have gone up every day since our initial alert, exceeding even our own expectations.

The updated figures below represent the range from Tuesday’s lows, to the new highs recorded yesterday, and the total possible gains therein:

$117 Calls – Range: 2.19-6.70 – Max Gain: 206%
$118 Calls – Range: 1.43-5.71 – Max Gain: 299%
$119 Calls – Range: 1.03-4.66 – Max Gain: 352%
$120 Calls – Range: 1.07-3.85 – Max Gain: 260%
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Today’s Fresh Ideas

Microsoft Corp MSFT  – Continuing along our extremely successful pattern of taking advantage of earnings beats for options trading this week, we’re going to submit two last ideas today. With Microsoft hitting all-time highs, we’ll be very interested in tracking the activity in the MSFT Weekly $59-61 Calls*, and if the stock manages to break $61, of course we’d have to roll our strike prices up.
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 McDonalds Corp. MCD – McDonalds’ earnings report is also being well received this morning and MCD was a stock that had been previously backsliding. We’ll look to take advantage of the potential reversal with the MCD Weekly $113-115 Calls*.

*We always issue an extra warning when highlighting an idea that involves trading weekly options on a Friday. If you’re not an advanced trader, don’t even attempt it!


Other Updates

OWC Pharmaceutical Research Corp. OWCP –
We first began talking about OWCP on September 29th, and at the time we had designated it a subpenny bottom-play. Our observed low that day was .0045, and the stock has never looked back as it’s gone on an absolutely epic ride since then.

We were impressed enough after seeing it run over 1500% past the seven cent mark in the first week we were tracking it, but what came next was on another level. We called for our readers to watch for a dip-and-rip off of that initial run, and that’s just what happened.

The stock reached an incredible new high of .191 yesterday, marking a surreal 4144% gain over our observed low from just three weeks ago.

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GreenGro Technologies, Inc. GRNH – As we’ve been mentioning all week, cannabis plays are hot once again, and one of the latest movers in that department has been GRNH. We tagged it along with several other pot stocks that have been performing well on Tuesday. Since that time, it has traded up from .0905 to  as high as .142, a 57% pop.

From our next most recent alert on GRNH on October 4th, the move has been even more impressive (.0651-.142; 118%).

As we said, we’ll continue to have it and other marijuana stocks on close watch as we approach election day, with several states having recreational marijuana on the ballot.

We’ve also prepared a video presentation of the charts on both of these plays, which you can view by tapping the image below:


Extended Watchlist:
COBI, CNAB, CNBX, NGMC, VAPR, OPTT, EVDY

Blue Horseshoe Stocks: Options Idea, Updates & More

Provectus Biopharmaceuticals, Inc. PVCT

We want to submit PVCT as a potential bottom-play candidate this morning after noticing the stock register a new annual low last week, followed by the recording of higher lows in the two sessions that followed.

We’re going to place the stock on watch for the possibility of an extended rebound, which would certainly be long overdue.


Alcoa, Inc. AA – Options Idea

After a disappointing earnings call this morning leading to a gap-down, compounded with the chart having been on the toppy side to begin with, we may be looking to go short on Alcoa, and the way we do that is by formulating some options trading targets.

The ones we’re particularly interested in are the AA Weekly $32-30 Puts, which could be in line for significant moves to the upside if the stock continues to lose ground once the session commences.


GreenGro Technologies, Inc. GRNH

GRNH, like several other stocks operating in the cannabis space, has been seeing increased activity of late. We’ve experienced this trend leading up to elections in previous years, and especially with a major vote for recreational usage coming up in California less than a month from now, we’re going to plan on keeping a close eye on anything tied to the sector until further notice.

After signaling GRNH in a report last week and observing a subsequent low of .0651, the stock continued to make appreciable moves to the upside, trading up from .0815 to .09518 (+17%) yesterday, and an overall 41% increase.


MyDx, Inc. MYDX

MYDX appeared in our report yesterday for the first time in awhile, and the stock made a solid intraday increase for us.

From a low of .0258 it reached as high as .034, a 32% rise. The move occurred on more than twice the monthly average volume, and the PPS only slid back to .0329 into the close, so we’ll certainly want to keep monitoring MYDX for further opportunities as the week progresses.


Extended Watchlist:
TRTC, CNAB, VNTH, MOBL, MGT, MCUR

Blue Horseshoe Stocks: Cannabis Stocks Blazing & More


United Cannabis Corp. CNAB

CNAB was one of a pair of cannabis plays that we mentioned we’d be tracking toward the end of last week that ended up kicking this week’s trading off with great sessions. When we brought CNAB up in our premarket report on Thursday,

We followed up on Friday after the stock had made a 43% run from .28-.40, and asserted that we’d be on the lookout for CNAB as well as other plays in the pot sector to see increased activity in the weeks ahead. November is fast approaching, with several key cannabis initiatives coming up for a vote, including a recreational bill in California.

CNAB got off to a great start to the week today, by running from a low of .39 to a new high of .63. That worked out to an intraday move of 62%, and a total gain of  125% over our observed low from last week.

Our overall interest in the space has been ongoing from the fall of 2014, just prior to the first “Green Rush”, a historic period which saw countless stocks in the sector make exponential gains. With activity for many of these stocks picking up once again, we’ll be certain to watch plays like GRNH, ERBB, PHOT, TRTC, PZOO, and BLOZF more closely.


OWC Pharmaceutical Research Corp. OWCP

The other cannabis related stock that we’ve been hot on the trail of since Thursday is OWCP, and the stock has been pushing the envelope ever since.

Yesterday we were just mentioning the excellent gains it had already made from .0045 to .0111, and that we were anxious to see it continue its momentum, and it followed up with another great performance. From its daily low of .0109 OWCP went on to hit a new high of .0193, representing a daily rip of 77%, and a three-session overall increase of 329% over Thursday’s .0045 low.

Congratulations to any of our readers who caught a piece of the excellent action on OWCP. With the progress it’s already made, we’ll definitely be reserving a continued slot on our radar screens for this stock in sessions ahead.


Nova Lifestyle, Inc. NVFY

We also want to take a minute to point out a good catch we had in NVFY yesterday, which traded monster volume to the tune of roughly 20X the monthly average, and recorded a solid intraday push.

The stock traded in a range from 3.81-5.15, for a gain of 35% and held a good deal of that advance into the close at 5.08. We’ll continue to track this play and look for it to record another session of higher highs and higher lows, as it has done for the past six days straight.


Extended Watchlist:
MCOA, SGBY, CLDX, NADL, CNAT, OLLI, VKTX, LE