Tag: DRWI

Blue Horseshoe Stocks: NFLX, MCD Options Recaps & More

Options Recaps

Netflix, Inc. NFLX – We persisted in tracking the NFLX options idea that we formulated on Tuesday for the remainder of the week, and they ended up performing great yet again on Friday.  If you recall, our designated targets were the NFLX Weekly $117-120 Calls, and they didn’t have a down day all week.

The following figures indicate the lows we observed on Tuesday morning, and the subsequent highs reached during Friday’s session. What we were faced with were four incredible intraweek increases:

$117 Calls – Range: 2.19-10.77 – Max Gain: 392%
$118 Calls – Range: 1.43-10.02 – Max Gain: 601%
$119 Calls – Range: 1.03-8.87 – Max Gain: 761%
$120 Calls – Range: 1.07-7.83 – Max Gain: 631%

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 McDonalds Corp. MCD – Our highlighted range of MCD Weekly $113-115 Calls was fresh for Friday’s session, and it bore fruit as well. While we didn’t sweep the range in terms of hefty gains, the $113’s in particular did provide a nice chance to profit on the day.

Those calls traded in a range from .33 and shot to 1.43, allowing for  single-session gains of up to 333%

Agritek Holdings, Inc. AGTK 

Subsequent to the alert we put out on AGTK last month on the 14th, we would observe an overall low of .003, and the stock has never fallen below that level since. In fact, what began as a subpenny play, has rumbled its way to multiple pennies after a fantastic performance last week.

Running to a new high of .0298 on Friday, the stock registered an overall increase of 893% over our observed low, and with a strong close at .028, we’ll be on the lookout for some momentum spillover into this week. The possibility of a dip-and-rip forming on the chart also appears to be a plausible scenario, so we’ll be on our toes watching for that possibility as well.

AGTK is also a part of the cannabis sector, which of course we’ve been watching more intently, and plan to continue doing so leading into election day the week after next.

Peregrine Pharmaceuticals, Inc. PPHM

This is another familiar play for us, and we want to tag it for closer observation again this morning on the strength of both a fresh PR hitting the wires along with an attractive technical setup on the chart.

As you can see below, the stock has recorded a higher low in each of the last five sessions since coming off a bottom, and indicators suggest that things could heat up for this play at any time. We’ll keep an eye peeled.

TODAY’S NEWS:
Preclinical Research Demonstrates Peregrine Pharmaceuticals’ PS-Targeting Antibodies Enhance the Anti-Tumor Activity of PD-L1 Checkpoint Inhibitors in Model of Triple Negative Breast Cancer (TNBC)(>>Read PR)

Extended Watchlist:
IFAN, PLPL, PPCH, PPJE, OPGN, DRWI, NEWC, VNTH

Blue Horseshoe Stocks: SNTA Recap, Options & More

Synta Pharmaceuticals Corp. SNTA

After catching a PR containing some big merger news for SNTA yesterday morning, we decided to include the stock in our premarket report, and it turned out to be a good decision.

On just under 12X the 3-month average trading volume, SNTA ran from a daily low of .32 up to .45 inside of the first 90 minutes of the session. That registered as a respectable intraday spike of 41% As measured to this morning’s premarket high of .488, that figure is extended to 53%

We’ll have our eyes peeled for another push this morning. The type of volume that we witnessed yesterday coupled with the stock holding more than 50% of its daily gains, puts SNTA into the category of a possible momentum play.

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Bonus Pharma Watchlist:

We are also going to be monitoring the activity in a couple of other pharma stocks in coming sessions:  Aoxing Pharmaceutical Co., Inc. AXN and Eleven Biotherapeutics, Inc. EBIO

EBIO is reportedly another reverse-merger candidate that caught a wave of momentum on the heels of yesterday’s big news, and AXN is showing a double-bottom signal and has been making headway trading up off of its lows for the past few sessions. We’ll want to monitor both of these plays into next week.

SPDR S&P 500 ETF (SPY) – Fresh Options Idea

It wouldn’t be a typical Friday without a end-of-week options idea, so we’re going to turn to one of our classic targets- the SPY. Here in the premarket we’ve observed a low of 207.58. How we’ll want to play it is this: Should the SPY maintain support at 207.50 or above on any early pullbacks, we’re going to be interested in the Weekly $207.50-208 Calls. In the event it fails to hold support a that point, we’ll look to the Weekly $208-207.50 Puts.

*CAUTION: Trading weekly options on Friday is commonly a very high risk proposition. To be attempted by advanced traders only!

Extended Watchlist:
SUNE, LNCO, LINE, VSLR, EBIX, DRWI, AXPW(Bottom-Watcher)

Blue Horseshoe Stocks: ASUV Recap, Bottom-Plays & More

Harmonic Energy, Inc. ASUV

We tagged ASUV back on Leap Day as a possible bottom-play, and after seeing the stock find support at an ultimate low of .0024 just a couple of sessions subsequent to that, it’s been a series of almost non-stop upturns since then.

One look at the 3-month chart on ASUV shows why we felt the need to circle back around and congratulate ourselves for an amazing bottom-call. As of this week, we’ve now witnessed ASUV run as high as .043. That marks an epic surge of 1692% over a five-week span!


With the chart beginning to look a bit top-heavy, we’ll now transition into monitoring for dip-and-rip type activity. In order for the stock to continue to hold our attention, we’ll want to see it maintain support above its previous resistance at .02 on any pullbacks.

Pacific Sunwear of California, Inc. PSUN

Speaking of bottom-watch plays, we’ve got another one to enter into the mix this morning in the form of PSUN. This play has appeared in our reports at various times over the past few years. Presently, as is readily apparent on the following snapshot, the stock has absolutely fallen off of a cliff following a major two-day upswing. It appears to have over-corrected to the low side.

Whenever we run across stocks in this position, our bottom-feeding sense kicks in big-time. The volatility at play over the past few sessions could be used to our advantage on the next leg up, which could be in the cards sooner rather than later, so keep an eye peeled!

On Continued Watch: LNCO & LINE

We placed both of these potential bottom-plays on watch to kick off the week in Monday’s morning report and we want to reinforce our interest this morning. As you can see from the side-by-side comparison, these two trade very closely as they are tied to the same parent entity.


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Also on our radars with big oil making a reverse yesterday, is VelocityShares 3X Long Crude ETN (UWTI). If oil continues its rebound through today as we suspect it might, there could be some interesting activity in UWTI.


Fresh Options Idea: To dip back into the options trading pool this midweek, we’re going to signal STZ Weekly $150-160 Calls for potential day/swing-trade opportunities.

Extended Watchlist:
AYI, DRWI, CJES, MOMO, TSRO