Tag: ENDP

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