Tag: EFUT

Blue Horseshoe Stocks: Fresh Options Ideas & More

Premier Biomedical, Inc. BIEI

The big standout from the group of plays that we posted for tracking in yesterday’s premarket report turned out to be BIEI, a stock that we’ve had on our radars since the end of last month. During a period where stocks have been uncharacteristically sluggish, we’ve still been managing to identify some prime movers.

After word circulated about the company obtaining patent rights to an interesting method of disease treatment, the stock began to run from an early low of .003, and hitting a high of .0084 well into the afternoon. Not only did this 180% intraday burst happen over a period several hours, giving plenty of folks the chance to get in on the action, but a majority of the daily advances were held into a strong close at .0077.

Trading volume was heightened as well, with the stock trading more than eighteen times the three-month running average. Based on that activity we’d classify BIEI as a momentum play, thus it will remain on watch. The stock will need to maintain support at Friday’s swing high of .004 on any pullbacks in order to hold our attention.

Fresh Options Ideas

After the rousing success of Friday’s epic options plays which yielded multiple chances at gains ranging from 230% to more than 990%, we think it’s about time that we formulate some new ideas to fit present conditions.

We’ve got a couple of early runners in Walmart-Stores Inc. WMT and The Home Depot, Inc HD, both of which are gapping up considerably in the premarket on the strength of Q3 earning beats. We’ve done exceptionally well playing the dip-and-rip on plays like these, and with the markets in general experiencing a rally this morning, we like our chances of seeing some notable intraday moves out of contracts in the following ranges.

Walmart-Stores Inc. WMT Weekly $58-60 Calls

Home Depot HD Weekly $123-126 Calls

Extended Watchlist:
CDNL, BCCI, EFUT

TSLA Options, CANN & Extended Watchlist

Tesla Motors, Inc. TSLA

It isn’t every day that we make options-trading picks, but when we do, they’re usually pretty accurate. On Wednesday, we floated the idea that the TSLA $165 and $170 Weekly Calls were looking attractive, and priming up for possible breakouts. As you can see on the following charts, that assumption proved to be a good one; both contracts would yield opportunities at multi-bag gains.

The $170 Calls were as low as .50 and hit a high of 3.85, representing a 670% move.

  The $165 Calls traded from a low of 1.55 up to 7.95 on Thursday, an intraday swing of 413%

In order to squeeze added gains from these contracts, we’ll need to see TSLA stock to hold support at or above 168.80, and we’re looking for a break of resistance at 172.70. Pre-market trades are currently going off in the 171.50-range.

Advanced Cannabis Solutions, Inc. CANN

CANN has been very good to us in the short while we’ve been tracking it (1st alert, 01/08, Low of 6.31). We’ve included it in every newsletter since Tuesday, and every day it has bulled its way to new highs. Yesterday, it hit 23.35, marking a rise of 270% from our initial alert, which came just six trading sessions ago.

This has been one cannabis stock that has sustained its trend quite well, even as movement in some of the others has slowed. However, just because the feeding frenzy we witnessed in the first week of the new year has calmed down, that doesn’t mean we’ve taken our eyes off of the sector. We expect pot stocks to continue to be one of the more popular items on the speculative trader’s agenda in 2014.

Sector Side Note: Easton Pharmaceutical, Inc. EAPH – One of the other marijuana stocks we’ve followed, EAPH had consolidated off of its recent big run and yesterday began to bounce. We might see more significant gain opportunities from EAPH if it can hold support above the .008-level.

Extended Watchlist:
ARIA, NIHD, PBMD, ARQL, KONE, EFUT

WILD, ALVR, EFUT & Extended Watchlist

Wild Craze, Inc.  WILD
WILD continues to earn itself top billing in our morning reports with its performance. Since we first mentioned the stock on Thursday,we’ve seen an impressive range from a low of .35 to yesterday’s high of .565, a 61% increase. From yesterday’s low alone (.41), traders could have seen gains of up to 38%  Our call earned us an honorable mention on yesterday’s Penny Stock Rumble for high volume.

The stock broke through its previous resistance and closed on a bullish note, just a few ticks below the high-of-day. As you can see on the chart, several factors seem to indicate a stock that still has some room to grow.

Yesterday we stated that we were looking for higher lows and highers highs to remain interested in this play. That’s just what we got, and we’ll be on the lookout for the same thing today. The next key areas of resistance are pointed out below, with the most immediate obstacle at .64.

Watchlist Gainers

We had a pair of winners on yesterday’s Extended Watchlist as well, in the form of EFUT and ALVR.

EFUT ran fast out of the gate, and quick-witted traders could have been in at 4.15 and out at the subsequent 6.00-high for gains of up to 45%

ALVR made an even more impressive move, running 87% intraday from an early morning low of .7311 to the high of 1.37 just prior to lunchtime.

Options Trading Ideas

– Best Buy (BBY) released earnings that exceeded expectations on the Street and is in the process of a pre-market gap-up. As a result, we’ll be monitoring the in-the-money Calls on BBY during today’s session with a strike price at $33.50 and below.

– We’re also still looking at VCLK to continue to recover from a poor earnings report, as we mentioned the $24 09/21 Calls yesterday. These are not especially time sensitive, with an expiration date late next month, so this is more of a longer-term interest that we will be following in the coming weeks.

Extended Watchlist:
VDSC, WPNV, LIME, FRO, COCO, ELTK