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

Blue Horseshoe Stocks: FAST Recap & More

Fastenal, Inc. FAST

Our fresh options ideas for yesterday morning was regarding Fastenal,which had just posted a solid Q1 earnings beat. The potential targets that we highlighted were the FAST 04/18 $62.50-67.50 Calls, and we’re happy to report that the stock’s activity has allowed us to see some decent moves out of those so far, with five sessions remaining until their expiration.

The moves was observed yesterday were as follows:

$50 Calls – Range: 5.40-6.50 – Max Gain: 20%
$52.50 Calls – Range: 2.40-4.30  – Max Gain: 79%
$55 Calls – Range: 1.10-2.08 – Max Gain: 89%

With the markets heating up here in the premarket, we’ll want to continue to keep an eye on FAST for the possibility of further useful activity that could propel these contracts to more gains before their expiration next Thursday.
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FRESH OPTIONS IDEAS:
The Walt Disney Co. DIS Weekly $122-125 Calls
SPDR S&P500 ETF (SPY) Weekly $289-290 Calls

*Don’t trade weekly options on a Friday unless you’re an advanced level trader with disposable funds!


Extended Watchlist:
BPTH, WPX, JCP, BSMX, CBAY, WPX, ENDP

Blue Horseshoe Stocks: Options Roundup & More

Twitter, Inc. TWTR

We had a really good idea for the TWTR options chain on Thursday morning with the Weekly $18-19.50 Calls. Not only did they make multi-bag gains on Thursday, but with another bullish session Friday, our total possible profits were extended by a significant margin.

We’ve listed the overall moves below, in addition to the intraday gains that were available on Friday alone.

$18 Calls – Overall Range: 1.00-3.95 – 2-Day Gain: 295% – Friday Intraday: 76%
$18.50 Calls – Overall Range: .64-3.38 – 2-Day Gain: 216% – Friday Intraday: 97%
$19 Calls – Overall Range: .38-2.95 – 2-Day Gain: 334% – Friday Intraday: 144%
$19.50 Calls – Overall Range: .18-2.43  – 2-Max Gain: 539% – Friday Intraday: 277%
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Friday’s fresh options ideas also both worked like a charm, bringing a fitting end to what was an amazing week for our options trading ideas across the board:

Microsoft Corp. MSFT Weekly $82-85 Calls

$82 Calls– Range: 1.74-4.19 – Max Gain: 141%
$83 Calls – Range: .93-3.15 – Max Gain: 239%
$84 Calls – Range: .39-2.11 – Max Gain: 441%
$85 Calls
– Range: 12.-1.30 – Max Gain: 983%
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Apple Inc. AAPL Weekly $157.50-160 Calls

$157.50 Calls – Range: 1.41-6.11 – Max Gain: 333%
$160 Calls – Range: .10-3.65 – Max Gain: 3550%


The Bon-Ton Stores, Inc. BONT

We tagged BONT on Thursday morning, at which time we observed a low of .68 in the stock. After a solid first session, we reiterated the tag in Friday’s report and the stock came out of the starting gate like a bolt. It traded all the way up to 1.15 before tapering back, but not before completing a two-day swing of 69% for us.

The stock’s presently hovering around a dollar, so we’ll be watching as the new trading week kicks off this morning to see if BONT can manage to string together a third session of higher highs and higher lows.


Extended Watchlist:
APVO, CAA, CUR, ENDP, IBN, TRXC, JAKK

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Blue Horseshoe Stocks: Options Ideas & More


American Green, Inc. ERBB

We’ve seen a great performance out of ERBB over the past few sessions, since including it in Thursday morning’s premarket report. That morning the company had announced that it had purchased the entire town of Nipton California (>>View PR) with grand plans to turn it into a cannabis tourism destination.

Since then, ERBB has seen a big move on the chart, trading up from Thursday’s low of .0012 to a new 52-week high of .0046 yesterday, marking a three-day swing of 283% on the highest volume we’ve seen out of the stock since last fall.

We’re interested to keep an eye out for updates on the Nipton project, which will apparently consist of several facets including production of CBD-infused water sourced from local aquifers. ERBB is a stock we’ve followed for years, but we’ll want to pay extra attention in the weeks and months ahead to stay on top of that story and see how it affects the stock.


Options Ideas

Valeant Pharmaceuticals International, Inc. VRX – Despite a Q2 loss and guidance reduction posted in its report, VRX, which had been on a downtrend for several sessions prior, surged in premarket trading this morning.  We’re going to want to try to take advantage of the volatility created here with a set of options to track for potential swing trades. .

We’re going to be watching the VRX Weekly $16-17.50 Calls which could see some big activity following a potential early dip from profit-taking followed by a rip to new highs.

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Michael Kors Holdings, Ltd. KORS – On the flip-side, KORS is a stock that was experiencing a pretty good uptrend for an extended period leading up to its own earnings report, in which the company easily exceeded Wall Street’s expectations, and raised guidance.

Like the previously mentioned play, we’ll look for the classic dip-and-rip formation, and will be tracking the KORS Weekly $41.50-43.50 Calls as we head into this midweek.


Extended Watchlist:
ENDP, CLRB, XNET, VH, CHFS, DRRX

Blue Horseshoe Stocks: IMNG Goes Parabolic & More

Innovativ Media Group, Inc. INMG

Our regular readers may be tiring of so many mentions of INMG in such a short span, but the stock continues to soar to new heights on practically a daily basis, and yesterday, the intensity of the bullish pattern increased to impressive levels.

As we were just saying in yesterday morning’s report, we had already seen no fewer than three separate multi-bag rips from INMG in the past week. We also noted Tuesday’s strong close on heavy volume, and that we’d continue to stay on its heels. It’s a good thing we did, as INMG traded in a daily range from .012 to a new high of .0285, for an intraday pop of 138%

From last Thursday, over a span of just four sessions, we’ve now witnessed a total increase of 470% over our observed low of .005. Of course, participants in our daily chats* could have caught our original alert the previous day when the stock traded as low as .0019, from which yesterday’s high represents a five session swing of 1400%

Once again, the stock maintained more than half of its daily increase into the close on more than five times the monthly average volume, so we’ll need to continue to keep our heads on a swivel with INMG. At some point, the stock will peel back off of these impressive highs and that’s when we’ll be looking for what could be a serious dip-and-rip pattern.

*We encourage all of our readers to join in on our daily in-session live chats. To participate, simply create/sign into your Skype account and send a contact request to ‘stocksumo’.


SkyPeople Fruit Juice, Inc. SPU

We alerted on SPU in Monday’s premarket report after noticing the stock was searching for a bottom, with a monstrous gap to fill on the chart to the upside.

Tuesday’s session brought an end that search for a reversal, with SPU bottoming out at 2.30 before reaching 3.3299 yesterday. That’s an upswing of 45% and we will certainly want to continue to monitor SPU, which still has a mammoth gap to fill on the chart.


04/20 Holiday Reminder: We always have our eyes on the cannabis sector, but will intensify our focus today especially, given that it is the marijuana counter-culture’s main day of celebration for the year! Many companies in this arena use it as a promotional tool, and activity in the recreational space usually reaches a frenzy during this period, so be vigilant, and Happy 4/20 to all!


Extended Watchlist:
COTE, CSX, IMNP, ENDP, PLG, AMH, GEVO, MVIS

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