Tag: CPST

Blue Horseshoe Stocks: Options for the Week & More

Arcadia Biosciences, Inc. ARKA – Update

We placed RKDA on watch on Friday morning’s premarket report. We caught it off of one of our routine premarket scans, and determined that a bounce play was a good possibility. Not only did we get what we were looking for, but the stock looks ready to gap-up once again this morning.

From a daily low of 2.70 the stock reached as high as 4.97, marking an intraday increase of 84% When measured to today’s new premarket high of 6.42, it works out to a two day swing of 138% and gives us good cause to continue to monitor its activity as we open up a new trading week.

DXC Technologies, Inc. DXC – Recap 

We went bearish on DXC in Friday’s report, offering up an options idea of the DXC 08/16 $40-37.50 Puts. Both of those contracts performed well as DXC had the floor fall out from beneath it, posting the worst daily loss in nearly two decades.

The $40 Puts ran from 2.66-5.00, representing an intraday pop of 88% while the $37.50’s soared into multibag gainer territory with a move from 1.00-3.10, a gain of 210%
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Fresh Options Options Ideas for the Week:
SYY Weekly $71.50-72.50
GOLD Weekly $18-19 Calls 

Extended Watchist: 
VRAY, QUIK, CPST, SINT, FLXN, IVZ, FBIO, FLNT, LODE

Blue Horseshoe Stocks: MIK Options & More

SPDR S&P500 ETF (SPY) – Recap

We went bullish on the SPY in our premarket report yesterday, and thanks to two distinct intraday pushes for the markets, there were opportunities across the board for our highlighted contracts throughout the session.

Those targets were the daily SPY 03/18 $281-282 Calls, and we saw significant moves from all three. The $281.50 Calls traded in a range from .34-1.06 for an overall upswing of 212% while the $282’s traded up from .15 to .58, a gain of 287% (We mistakenly lost exact data for the $281 calls, but the gain opportunities were very similar to those of the other two strike points.) 

The Michaels Companies, Inc. MIK

We also want to signal a set of contracts on MIK, which was the one listing on this morning’s earnings calendar that jumped out to us the most. Michaels posted an earnings beat, but also happens to be trading near its annual lows.

We’re going to approach this like we would any other play with bottom-bouncer written all over it, by signaling some longer-term calls to give ourselves some extra time to see the recovery play out. We’re going to radar the MIK 04/18 $12.50 Calls and monitor their activity in the days and weeks ahead.
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Bonus Idea:
STNE 04/18 $37.50-39 Calls

Extended Watchlist:
FPAY, CPST, INSY, TROX, CPST, NCTY, SDRL, CREG, LGCY, AKER, PIR

Blue Horseshoe Stocks: Reviewing Recent Winners

STOCK RECAPS

Much of our focus gets devoted to options ideas these days, as they represent the greatest chance for large short term gains for traders. However, we still scan every day for stocks, and we wanted to begin this new trading week by highlighting a few of our recent picks that have met or exceeded our expectations.

Bio-Path Holdings, Inc. BPTH – Beginning with the least recent, roughly five weeks ago on January 23rd, BPTH was a stock we tagged as a bottom-watch play. The stock essentially traded sideways for the next month, only making nominal gains. That is until the latter half of last week, when it began to heat up on Thursday, and subsequently explode on Friday, performing beautifully on the day. The stock logged the number one gain on the entire NASDAQ, as it traded up from a low of 2.65 before reaching a high of 8.84.

That works out to a mind-melting 234% single-session rise on massive volume, which is extremely uncommon for big board plays. Cheers to anyone who caught a ride on this shooting star!
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Lexicon Pharma, Inc. LXRX – Appearing in Friday morning’s report was LXRX, which certainly didn’t see the level of activity as the previously mentioned play, but still posted positive figures on the day. From a low of 5.55, the stock rose as high as 7.07, marking a comparatively small but respectable intraday increase of 27%
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China Internet Nationwide Financial Services, Inc. CIFS – Also included in Friday’s report was CIFS, which also had a reasonably strong session following our alert. The low came in at 2.30 before the stock surged into the close at its high of day of 3.25. That represents a solid intraday gain of 41% We’ll also want to see if the stock can carry some of that momentum at the close, over to this fresh trading week.

Funko, Inc. FNKO – Options Review

We also signaled our interest in the FNKO 03/15 $22.50 & 25 Calls on Friday, and we got solid performances out of those contracts. The $22.50 Calls ran from .28-.70 for a gain of 150%
while the $25 also recorded a 150% pop from .10-.25.
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Fresh Options Ideas:
SPY 03/04 $280.50-282 Calls*

*Never trade options on their day of expiration unless you are a highly experienced trader with access to disposable funds!

Extended Watchlist:
MYOK, OPHT, NK, CPST, SLS, TRHC, RKDA, MBOT, FTNW, FCEL