Blue Horseshoe Stocks: Winning Options Calls & More

Options Updates

Abercrombie & Fitch Co. ANF

We had very good fortune with most of the ANF options contracts we signaled in yesterday morning’s premarket report following an earnings beat. We were after intraday trade possibilities in the ANF Weekly $29-32 Calls, and with the exception of the $32’s which weren’t pushed into the money, gains of over 200% were available across the board.

$29 Calls – Trading Range: .50-1.51  – Max Gain: 202%
$29.50 Calls – Trading Range: .29-1.10 – Max Gain: 279%
$30 Calls – Trading Range: .19-.75 – Max Gain: 295%
$30.50 Calls – Trading Range:  .13-.53 – Max Gain: 308%
$31 Calls – Trading Range: .07-.34 – Max Gain: 386%
$31.50 Calls – Trading Range: .05-.16 – Max Gain: 220%
$32 Calls – Trading Range: .05-.11 – Max Gain: 120%


Petroleo Brasiliero S.A. (Petrobras) PBR

We also want to give a quick update on another extended-term idea we had recently. On Tuesday, we submitted PBR 04/01 $4 Calls for observation, and those have made a run from .13-.25 (+92%) as PBR has traded up from 3.55 to 4.13.

We expect the figures on those gains to keep rising today as PBR has advanced as high as 4.39 thus far in the premarket. We’ll be sure to stay on the trail of those contracts, with nearly a month left on the contracts before expiration. We’ll also keep an eye on the $4 and 4.50 Weekly Calls. Of course, we’ll look to roll our strike prices up if the situation dictates.

Aeterna Zentaris, Inc. AEZS

AEZS is a familiar play that we’d like to touch base with again this morning after noticing some interesting chart activity. The stock broke its 50DMA during yesterday’s trading session and is presently trending up in the premarket, testing resistance in the $4-area. The next area of resistance comes in at 5.18, where a gap on the chart begins, and extends up to the 6.50 level.

We’ve prepared a snapshot below which outlines the highlights of the current AEZS chart.

EffTec International, Inc. EFFI

EFFI is another recent mention we’d like to update our readers on this morning. After signaling EFFI in our watchlist on Friday, the stock has gone on to make a solid move. We observed a low of .0024 followed by a high of .0049, which works out to a 104% swing.

Extended Watchlist:

Blue Horseshoe Stocks: Fresh Options Ideas & More, Inc. CRM – Options Update

Our fresh options idea in yesterday morning’s report panned out very well for us when all was said and done. We highlighted a range which encompassed six sets of contracts, the CRM Weekly $67.50-70 Calls, and regardless of which strike point was chosen, hefty intraday profits were there for the taking from around lunchtime, right up until the close.

The magnitude of the potential profits we observed were certainly not as epic as the two separate chances at 1500% gains provided to us by our Macy’s calls from earlier in the week, but in and of themselves, still very impressive.

$67.50 Calls – Trading Range: .70-2.04  – Max Gain: 191%
$68 Calls – Trading Range: .37-1.70 – Max Gain: 359%
$68.50 Calls – Trading Range: .35-1.20 – Max Gain: 243%
$69 Calls – Trading Range:  .12-.83 – Max Gain: 591%
$69.50 Calls – Trading Range: .13-.60 – Max Gain: 362%
$70 Calls – Trading Range:  .08-.30 – Max Gain: 275%

We must be doing something right when a 500% rip begins to seem small by comparison! In an attempt to extend our extreme good fortune with options plays this week right up to the end, we’ve prepared a couple of ideas* for possible day-trades based on premarket activity this morning.

Palo Alto Networks, Inc. – PANW Weekly $147-152.50 Calls

Baidu, Inc. – BIDU Weekly $172.50-177.50 Calls

*Pertaining to both of the preceding ideas, remember to always consider the inherent elevated risk associated with trading weekly options contracts on a Friday!

USA Restaurant Funding, Inc. USAR

After USAR offered us the chance at intraday gains of up to 51% on Wednesday as it ran from .0093-.0148, we suggested that a bounceplay could be in the cards, given the volatility we had observed- the stock had pulled back considerably toward the end of the session.

The rebound we referred to did come to pass during yesterday’s session, as USAR traded up from its daily low of  .0071 to a high of .0098. That represented a modest but solid 38% move on the day.

Agritek Holdings, Inc. AGTK – Update

We placed AGTK in our reports multiple times earlier this month, and the stock has responded with quite a nice performance in the intervening weeks since those tags.

Shortly after our most recent mention, we’d observe a low of .003 followed by a steady ramp-up at first, giving way to more significant increases this week. It culminated in a high of .0121 yesterday which marked an overall swing of 303% in fewer than a dozen sessions!

Based on its heightening activity, we’ll continue to leave a slot open for AGTK on our radar screens moving forward.

Extended Watchlist:

Blue Horseshoe Stocks: HK Update, Options Recap & More

First thing’s first- remember that the closing bell rings at 1PM today, whereupon we’ll break for a three-and-a-half day weekend. Allow us to preemptively extend to everyone glad tidings of rest and relaxation, and an enjoyable holiday break no matter how you choose to spend today and tomorrow’s market downtime!

But, before we can hang things up for the holidays we need to go over some of the great winning plays we’ve tracked on this short week; a feat which isn’t always easy to accomplish. 

Celgene Corp. CELG

CELG was gapping up yesterday on untraded-upon news, and the activity led us to formulate an idea for a range of options calls that we felt would see heavy activity.

Our specified targets were CELG Weekly $116-120 Calls and we were exceedingly pleased with the ensuing swing action:

$116 Calls – Trading Range: 3.46-6.60  – Max Gain: 91%
$117 Calls – Trading Range: 2.19-5.44  – Max Gain: 148%
$118 Calls – Trading Range: 1.55-4.70  – Max Gain: 203%
$119 Calls – Trading Range: 1.30-3.55 – Max Gain: 173%
$120 Calls – Trading Range: .75-3.10 – Max Gain: 313%

Swift Energy Co. SFYW

We placed SFYW on watch yesterday morning after noticing that the stock was attempting to sustain a rebound off of its recently established 52-week lows.

The stock did perform nicely, trading up from a low of .065 to .1049 for a 61% intraday rip. The move occurred on volume in excess of more than 5X the monthly average.

Remember, we also identified a gap on the SWYW from roughly .11-.16, so we’ll continue to keep this play on watch for as long as a run to fill that gap seems plausible.

Halycon Resources Corp. HK

We were quite accurate in our assessment of HK’s condition in Monday morning’s premarket report. The observations we relayed at the time were that: “Not only is the stock coming off of a new annual low registered on Thursday, but… five members of management filed Form-4′s indicating the purchase of shares at .26. Both occurrences qualify HK for an extended-term recovery watch.”

Over the course of this week we’ve liked the strides HK has made toward that recovery, running from Monday’s low of .2233 on up to a new high of .337 yesterday. That represents a respectable three-session swing of 51%

As you can see on the included chart below, there appears to still be room for the present run to grow, so we’ll be watching out for the stock to record higher highs and higher lows in coming sessions.

Extended Watchlist: