Blue Horseshoe Stocks: LLY Options Recap & More

Eli Lilly and Co. LLY – Options Update

In our premarket report on Friday morning, we finished off with a set of fresh options ideas for the LLY chain, and were met with nice gain opportunities on the day on all accounts.

In addition to a daytrading idea with the LLY Weekly $72 and $72.50 Calls, which worked out in spades, we also got some really good initial movement out of the longer term target we put forth, the 01/20 $75 Calls.

Weekly $72 Calls – Range: .20-1.25  – Max Gain: 475%
Weekly $72.50 Calls – Range: .15-.80  – Max Gain: 433%
1/20 $75 Calls – Range: .77-1.39  – Max Gain: 81%

We offer congratulations to anyone who benefited from the short-term ideas, and we’ll be sure to stay on the trail of those 01/20 $75 Calls in the weeks ahead.


Globalstar, Inc. GSAT

We caught a glimpse of GSAT on our scanner this morning and feel it’s worthy of mentioning, based on a number of factors. Last week, the moves that the stock had been making off of its recent relative lows in the low .70-range began to increase.

On Thursday, the stock bullishly breached its 50DMA, culminating in a huge spike in volume on Friday. Roughly six times the monthly average trading volume accompanied a break of the dollar mark. We’re going to put this on watch as a possible momentum play.


AmpliPhi BioSciences, Inc. APHB

Speaking of bottom-bouncers, APHB cropped on our scan as well, and it has a look of high potential as it’s coming up off of its recently established annual lows.

In addition, there’s a gap to fill on the chart to the upside, and with the stock already trading up in the premarket, that’s a real possibility here. With such a ripe chart, we’ll be very interested to follow APHB’s activity out of the gate this morning.


Extended Watchlist:
NHMD, ECPN, EVOK, APTO, ANY(Bottom Play)

Blue Horseshoe Stocks: Updates, Options Review & More

El Capitan Precious Metals, Inc. ECPN

After observing a low of .1222 in ECPN subsequent to our alert on Wednesday, the stock has done nothing but show steady increases each day since.

Yesterday’s session brought an intraday move of 42% as the stock ran from .193-.275. That new high represents an overall increase of 125% in the four sessions since we began tracking.

Yesterday we stated that ECPN was receiving a rare 100% ‘Buy’ Rating at BARCHART.COM and that remains true this morning.



JC Penney Co. Inc. JCP – Options Update

Our options trading idea from Friday, the JCP 08/19 $9.50-10.50 Calls ended up having another great session for us to start the week yesterday. We mentioned that we’d be on the lookout for those plays to continue the momentum from Friday, when they afforded us gains ranging from 164-640%

It was a good thing that we did, because the three sets of contracts went on to not only make nice intraday moves, but a couple of them also extended our overall observed gains from the previous session by a significant margin.

$9.50 Calls – Range: 1.11-1.76  – Intraday: 59% – Two-Day: 300%
$10 Calls – Range: .63-1.31 – Intraday: 108% – Two-Day: 719%
$10.50 Calls – Range: .30-.83 – Intraday: 177%


MarilynJean Interactive, Inc. MJMI

We’ve been tracking MJMI since early this month, and the stock has performed quite well, mostly experiencing upward momentum during that time.

Our observed low on the play came in at .091 back on the 5th, and as of yesterday’s new high of .30 we had borne witness to an increase of 230%


Innovativ Media Group, Inc. INMG

INMG came off of yesterday’s watchlist, and the stock made a nice move on the day. From a low of .00475, it reached as high as .007 for a solid 47% jump, which occurred on roughly six and a half times the monthly average volume.


Extended Watchlist:
PEFF, NNLX, ELED, FPVD, BTGI, SFOR

Blue Horseshoe Stocks: JCP Options Recap & More

JC Penney Co. Inc. JCP – Options Update

On Friday morning, we offered up a fresh options trading idea for JCP to track in the wake of an earnings beat for the retailer. The specific targets we selected were the JCP 08/19 $9.50-10.50 Calls and after the excellent intraday move from JCP itself (9.70-10.72) each of those sets of contracts yielded the chance at some big-time single-session gains.

The total possible profits for on the day for each were as follows:

$9.50 Calls – Range:  .44-1.16 – Max Gain: 164%
$10 Calls – Range: .16-.79 – Max Gain: 394%
$10.50 Calls – Range: 1.23-2.61 – Max Gain: 640%

With the expiration on these contracts set for Friday, we’ll have the remainder of the week to continue observing these plays if the activity in JCP stock allows.


El Capitan Precious Metals, Inc. ECPN

We also want to provide an update on the performance of another idea we submitted to our readers last week,. We tagged ECPN for observation in Wednesday morning’s premarket report, and the stock spent the next three sessions trending up.

The low we witnessed on Wednesday came in at .1222 and that eventually gave rise to a new high of .1989 on Friday afternoon, marking a solid three-day swing of 63%  It also managed to close quite near its high-of-day, so we’ll be interested to continue following its progress as we kick off a new trading week.

It’s also worth it to mention that at present, ECPN is receiving a rare 100% ‘Buy’ Rating across the board for short, medium, and long term over at BARCHART.COM.


Extended Watchlist:
EPSC, INMG, ORIG, GOGO, TNXP