Tag: DRRX

Blue Horseshoe Stocks: Bearish Options, Bottom Play

Cracker Barrel Old Country Store Inc. CBRL – Recap

First up this morning is a quick recap of the fresh options idea we formulated for yesterday morning’s premarket report. We had designated the CBRL Weekly $165-170 Calls as our targets of interest.

Two of those three contract sets produced opportunities for multi-bag gains on the day, with the third not far behind: 

$165 Calls – Range: 5.25-9.57 – Max Gain: 227%
$167.50 Calls – Range: 1.20-3.50 – Max Gain: 393%
$170 Calls – Range: .56-1.45 – Max Gain: 227%

DURRECT Corp. DRRX – Recap 

DRRX is a play that we began tracking last month (08/07). Following that initial report, we observed the stock trading for as little 1.22.

In the four weeks which have followed, DRRX has been a steady riser, stair-stepping its way gradually up to its new high yesterday of an even 2.00/share. That works out to a very respectable rise of 64%

Neurotrope, Inc. NTRP

We also want to shine a light on the current setup of the chart on NTRP. Poor marks on for its Alzheimer’s treatment should have pushed it down quite a bit, but there seems to be no readily apparent reason why the stock should have fallen as low as it did following the lackluster report on the company’s clinical trials.

At present the stock is hugely oversold, and from a technical standpoint alone, could begin a reversal on little more than a breath of air. Indication from the MACD suggests convergence toward a bullish cross in the making. Should enough people catch on to the present scenario and load up cheap shares at current pricing, it could happen sooner rather than later. Even a partial fill of the massive gap on the chart would mean big gain chances.

Fresh Options Ideas:
FDX Weekly $157.50-155 Puts
UPS Weekly $120-119 Puts 

Extended Watchlist:
SINT, VIVE, GHSI, OPGN, JAGX, ROAD, TTNP, BE

Blue Horseshoe Stocks: Winning Options

ConocoPhillips COP – Recap

We published a light newsletter yesterday morning containing just one specific idea, which was the COP Weekly $61-62.50 Calls. Fortunately, when you come up a solid plays like these, one is all you need!

ConocoPhilips behaved exactly as we suspected, gapping up and continuing to run, and facilitating some very nice single-session profit opportunities for ourselves and our followers. Out of four contracts in our highlighted range, all four produced multi-bag gains on the day.

Those excellent potential gains were as follows: 
$61 Calls – Range:  .91-2.00 – Max Gain: 227%
$61.50 Calls – Range: .73-2.11 – Max Gain: 393%
$62 Calls – Range: .51-1.80 – Max Gain: 227%
$62.50 Calls – Range: .36-1.45 – Max Gain: 393%
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New Relic Inc. NEWR – Fresh Idea

We also want to bring NEWR into the mix today with a longer-term recovery idea. The stock has not only been bouncing off of recent lows, but we’ve also got some Form-4 activity at these low levels.

We’ll watch NEWR in the weeks and perhaps even months ahead, using the NEWR
12/20 $60-65 Calls as our potential vehicle.
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Bonus Idea:
CBRL Weekly $165-170 Calls

Extended Watchlist:
YUMA, AMPE, CTST, LXRX, DRRX, MLHR, JAGX, CGIX

Blue Horseshoe Stocks: Perfectly-Timed Bottom Plays & More

Allakos, Inc. ALLK –  Recap

We began tracking ALLK on Monday morning, and formulated some options ideas ($45-60) which worked for us in Monday’s session, bringing in some nice gain opportunities. Then yesterday rolled around and we shared the huge news reported by the company in our premarket report along with the gains that our options ideas made.

The news on ALLK proved to be very influential on the activity of the stock, pushing it even further than Monday’s big surge had taken it. From the low that morning of 60.34, ALLK has run all the way up to a new high yesterday at 85.40, which marked a two-day upswing of 42%

While the lower end of our tracked options range was too deep in the money to see any real progress, the $60 Calls remained in play, and hit a high of 23.82. From our observed low of 6.75 on Monday, those contracts rose by a whopping 253%
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We also signaled interest in the Innovative Industrial Properties, Inc. IIPR 08/16 $100-105 Calls 
yesterday, and those got off to a modest, yet promising start. The $100’s traded in a range from 6.50-7.90 for a rise of 22%, while the $105’s ran 23% from 4.50-5.90. We’ll continue to monitor these ideas into their expiration next week.
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Fresh Ideas: 
CVS Weekly $55.50-57 Calls
SPY Weekly $286-285 Puts


Durect Corp DRRX

We also want to highlight the incredible performance that DRRX has had this summer to finish things up this morning. We tagged the stock for observation on May 28th, at which time we observed a low of .50, and it turned out to be a great nbottom call, as it hasn’t looked back since.

Slow and steady growth over the past two months has brought DRRX to a new high of 1.44 this week. That represents an overall increase of 188% in the time we’ve been observing this play.

Extended Watchist: 
MRNA, EVH, CPE, ENDP, AVGR, TVIX, APVO, ONVO