Blue Horseshoe Stocks: Options Review & More

Lululemon Athletica Inc. LULU – Options Review

We wanted to start things off this morning by doing a review of our main topic of focus toward the end of last week, the LULU options chain. We had signaled the LULU Weekly $83-85 Calls on Wednesday, and saw some very nice moves ranging from 180-295% that first day. They finished off the short week nicely as well.

The following is the updated log of the overall two-day gain opportunities we observed after the stock once again went bullish during Thursday’s session. The range of potential gains was extended considerably.

$83 Calls – Range: 1.60-6.33  – Max Gain: 295%
$83.50 Calls – Range: 1.25-5.75 – Max Gain: 360%
$84 Calls – Range: 1.20-5.28– Max Gain: 340%
$84.50 Calls – Range: 1.00-4.69 – Max Gain: 369%
$85 Calls – Range: .82-4.33 – Max Gain: 428%


Facebook, Inc. FB 

With a strong finish to last week by the markets as a whole, a lot of the big name stocks saw a turnaround after several weeks of difficulty, and chief among those was Facebook. We like the potential for a more sustained recovery here, especially if the markets continue their bullish trend. We’re going to keep tabs on the FB Weekly $155-160 Calls.


Extended Watchlist:
ANY, ADAP, CVLT, CLWT, IPAS, OREX,

Blue Horseshoe Stocks: CGI Recap & More

Celadon Group Inc. CGI

Our first order of business this morning is to swing back around for a stock that we signaled our interest in back in May, which has subsequently gone on to put together a fantastic run up the chart.

When we tagged CGI on May 9th, the stock had recently fallen off of a cliff, and was attempting to recover off of its newly established lows. We observed a low PPS of 1.90 just a couple of sessions later, and that preceded one heck of a recovery. Yesterday, CGI streaked to new highs, coming up as the #4 top gainer on the NASDAQ, and reaching 5.15. That works out to a total increase of 171%

Having now recovered all of the ground it lost in early May, the chart still appears strong, and the next key resistance point we’ll look to see CGI make a run at is the current 200DMA of 5.95.


Options Ideas
We mentioned in the previous report that there would be a growing number of possible options trading opportunities as we neared the end of the week. This morning we’re looking at Facebook, Inc. FB, which reported yesterday post-market, and Anheuser-Busch InBev SA/NV (BUD), reporting this morning.

Each of them had beats, and are gapping up in the premarket. We’ll be monitoring the FB Weekly $172.50-180 Calls and the
BUD Weekly $120 & 125 Calls.


InfoSonics Corp. IFON

We also want to quickly recap the solid performance of IFON, which we tagged yesterday morning as a possible bottom bounce play, after seeing it test it 50 and 200DMA’s the previous day. The stock responded with another nice move from  .562 to .84, an intraday push of 49% on big time volume.

We’ll look for the establishment of higher lows and higher highs and for the stock to maintain its multi-day runner status, and for a break of resistance in the channel between yesterday’s swing high and a swing high back in April at 1.04.


Extended Watchlist:
OTTV, ABHI, SHOR, IDXG, CAPR, TOO, AXTI, TROV

Blue Horseshoe Stocks: PNTV, XBIT Recaps & More

The Players Network, Inc. PNTV

PNTV is a stock that we were talking about quite a bit late last year and in the beginning of 2017, and since then, the stock has made some really impressive moves.

In the span of one quarter, from March until June, the stock has risen from lows at .0232 to trade as high as .1315. That’s an incredible upswing of 466%

While many plays in the cannabis space have seen some unexpected difficulty this year, PNTV is not one of them. They recently announced progression on the joint venture they have going with MCIG on the construction of a Vegas-based grow facility.


Xbiotech, Inc. XBIT

We tagged XBIT in yesterday’s extended watchlist, and subsequently bore witness to a solid early-morning pop. The stock ran from 3.75 to 5.61 right from the starting the gate, banging out a solid 51% pop inside of the first hour of trading.

We also have to remember that in XBIT, we have a stock that was trading just a hair shy of $20 as recently as March. We’ll have to be on the lookout in the event that the recent rebound mounted by the stock is just a foreshadowing of an even larger recovery.



Ability, Inc. ABIL

We’ve been mentioning ABIL each day since last Wednesday, and it turned out to be a really nice bottom-bouncer.

We’ve thus far witnessed two definitive swings from ABIL; initially from.6298-1.69 for a 168% run, and then a dip to .90 followed by a run back to 1.60 in premarket trading today. That added another 78% swing to what we’ve observed in ABIL.

We’d like to see it set a higher low, holding the 1.15-1.25 range on any pullbacks in order to remain interested.


Extended Watchlist:
RTTR, NURO, MNGA, PULM BABA, FB, AMZN, NFLX

Blue Horseshoe Stocks: AAPL Update & More

 Apple, Inc. AAPL – Options Recap

The current earnings season really kicked into high gear for us yesterday with our signal on AAPL. To go along with the activity we were observing in the premarket just formulated an options trading idea with the AAPL Weekly $125-127 Calls, and were ultimately met with chances for huge gains across the board.

Regardless of which strike price was chosen within that range, multi-bag gains were there for the taking:

$125 Calls – Range: 1.18-5.00 – Max Gain: 324%
$126 Calls – Range: 1.36-4.46 – Max Gain: 228%
$127 Calls – Range: .61-3.55 – Max Gain: 482%
$128 Calls – Range: .45-2.61 – Max Gain: 480%

We were obviously very pleased with our calls and the intraday opportunities they provided, and  have no problem simply walking away after such a bang-up session. That being said, we’ll go ahead and continue to track the activity over the remaining two sessions this week, just for good measure.

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FRESH IDEA:

Facebook, Inc. FB - Continuing our ride on the earnings train, we’re going to signal a range of options in the FB chain on the heels of yesterday’s post-market earnings report.

Our target range today is going to be the FB Weekly $133-136 Calls.


Alkame Holdings, Inc. ALKM

Last week as we were following ALKM, mentioning it in all three reports from the 25th-27th, we witnessed a low of .0014. Yesterday, the stock broke out on mega-volume running to a high of .004 where it also closed, having traded 6X its 30-day average volume.

It worked out to a week-over-week increase of 186%  We’re also going to want to continue keeping tabs on ALKM after yesterday’s strong close.


Extended Watchlist:
ISBG, MJTK, VAPR, NOK, MJN, NGD

Blue Horseshoe Stocks: Earnings Season Continues to Yield Results

Sarepta Therapeutics, Inc. SRPT – Update

We caught SRPT yesterday after the stock had just registered a new annual low on Tuesday, and recognized an opportunity to pounce on some short-term gains using the options chain. We said we wanted to see the stock flirt with the swing high from the previous session, and it did just that. Our options idea of tracking the SRPT Weekly $10.50 and $11 Calls worked out immediately.

We witnessed a range on the $10.50′s from .40-1.35 (+237%) and from .39-1.01 on the $11′s, an intraday pop of 159% But those big gains are going to pale in comparison to the new highs we’re going to witness this morning as the stock has gapped up with vigor in the premarket this morning to a new high of 14.40.

In the stock itself, that’s an impressive overnight swing of 38% and as we said, those options contracts are sure to show us new highs as things get going today. All in all we’d have to say that we made a heck of a bottom call on SRPT, and will continue to track its progress.


Options – More Updates, More Ideas

We also want to follow up with the Idea we had from earlier in the week, the BP Weekly $32-33.50 Calls, which already provided us gains ranging from 30-95% on Tuesday. There were intraday profits to be made for the second straight day, which were as follows:

$32 Calls – Trading Range: 1.55-1.88 – Max Gain: 21%
$32.50 Calls – Trading Range: 1.10-1.40 – Max Gain: 27%
$33 Calls– Trading Range: .62-1.06 – Max Gain: 71%
$33.50 Calls – Trading Range: .35-.57 – Max Gain: 63%

We had a good two-day run with BP, but with Q1 earnings season in full swing, its time to turn our attention to the next opportunity.

That’s going to come in the form of Facebook Inc. FB options. The stock is gapping up to new all-time highs at the moment in the wake of its own earning beat, currently trading over $121 in the premarket.

Provided it holds support at the previous all-time high of 117.59 on any pullbacks, we are going to want to pay close attention to the FB Weekly $118-122 Calls. If the momentum appears strong enough, we may even consider rolling up our strike price to the $123-level and higher, as the situation dictates.


Others to Watch

Finally, we have a couple of other plays to add to a watchlist this morning. Aeterna Zentaris, Inc. AEZS, and Immune Pharmaceuticals, Inc. IMNP.

We first began tracking AEZS in 2016 in late January, shortly before witnessing a low of 2.71 (02/11). The stock has made a couple of nice moves in recent months, and is currently gapping up in the premarket to new high 4.87. That represents an 80% over our observed low from a few months back. We’ll have our eye on its activity as things kick off this morning.

In the case of IMNP, we’ve got a stock that has seen a good deal of insider buying, and is trying to maintain an uptrend off of its recent lows over the past few sessions. It’s gapping up slightly this morning to .43, so we’re going to want to watch for a break of the current 50DMA of .46 today.

We also want to pay attention to Dreamworks Animation SKG Inc. DWA which we signaled in yesterday’s report over buyout talks that were occurring. The buyout has been confirmed, so hold on to your hats if you made entry at yesterday’s prices!


Extended Watchlist:
MITK, FIT, DLB, ABKI(Bottom-bouncer)