Tag: FIT

Blue Horseshoe Stocks: Options Rundown & More

Wizard World, Inc. WIZD

We’d like to start things off this morning with an update on a stock we’ve been tracking since the end of last week. We introduced WIZD in Friday’s premarket report, presenting it as a potential bottom-play. We noticed that it had recently been crushed down to new annual lows, and drew up a chart to illustrate the opportunity.

Over the last few sessions the stock has done a good job of building a higher base of support and regaining some of the ground it lost this summer. Yesterday it attained a daily high of .45, which marks a 36% upswing over our observed low.

We’ll want to see WIZD continue to make a healthy recovery, ideally holding support above .40 on any pullbacks. The stock was trading up close to a dollar as recently as June, and a return to those levels from current pricing would mean gains approaching 100% The chart is still bearing the look of potential, as you can see a number of bullish indicators on the snapshot below.

Options Rundown

First Solar, Inc. FSLR – Yesterday we identified a couple of potential options ideas, and one of them provided several chances for lucrative intraday trades. Our targeted range was the Weekly $47-50.50 Calls and while every set of contracts within did make increases, for time’s sake we’ll just highlight some of the top gainers.

The 47.50 Calls surged 188% from 1.91-5.50. The $50’s traded in a range from .63-3.15 , a whopping 400% jump, while the $50.50 Calls had the biggest day with a run from .38-2.58, an amazing 579%.
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FitBit, Inc. FIT – Also on our radar was FIT, which we mentioned on Tuesday with the idea of tracking the $50-51 Calls. Those contracts ended up making wild runs into earnings:

The $50 Calls traded as low as 2.19 on Tuesday and reached a high of 4.40 yesterday (+101%). The $50.50 Calls went from 2.14-4.10 (+92%), and the $51’s jumped from 2.00-3.85 (+93%).

After getting beat up on the heels of that earnings report, this morning we’ll watch for chances with the FIT $45-48 Calls.
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Apple, Inc. AAPL – We also want to make mention of AAPL, which we’ve been following this week via our extended watchlists, and in our traders chatroom*. After a period of consolidation, we were awaiting an AAPL rebound, and yesterday we got what we were looking for- big moves occurred in the Weekly $115-116 Calls. Moving forward, we’re going to be on the lookout for the possibility of added gains in those plays, especially heading into tomorrow when they close in on expiration.

*It gives us the opportunity to remind our readers that anyone wishing to participate in our daily live traders chats, simply send a Skype contact request to username ‘stocksumo’. We gladly encourage subscriber participation!

Pazoo, Inc. PZOO

We also want to shine a light on PZOO again today, with the company making a significant press announcement right at the open this morning:

WHIPPANY, N.J., Aug. 6, 2015 /PRNewswire/ — Pazoo, Inc. (OTC Pink: PZOO), is pleased to announce that the company has signed a lease to secure a location for its Oregon testing lab facility.

Pazoo’s Harris Lee management is very excited to have signed this lease and commenced meetings with the architect selected to begin the build out of the facility as soon as possible. Additionally, the Pazoo management team has also narrowed down several target states as strategic added locations for Harris Lee’s next expansion phase. >> FULL PR

Extended Watchlist:
HCTI, AREN

Blue Horseshoe Stocks: LXRX Recap & Much More

Lexicon Pharmaceuticals, Inc. LXRX

Our first order of business today is to congratulate any of our readers who were able to turn our premarket alert of LXRX into hefty intraday gains.

We were given ample opportunity to do so, as a hugely significant PR left the stock positively charged for most of the session. A momentous intraday run began from an early low of 10.83 and topped out at an HOD of 13.80. That translates to a 27% jump, which is a very impressive single-session performance for a $10 stock.

If you recall, we hit this one from multiple angles; our options trading idea of tracking Weekly $10 Calls was also good for potential profits. Those contracts traded up from a low of 1.50 all the way to 3.90, which was good for gains of up to 160%

LXRX held the majority of its daily advance, which occurred on well over 30-times the 3-month average volume. That sets the stock up with plenty of momentum, and signals us to keep an eye out in coming sessions for a continuation of such. In the event that occurs, as far as options are concerned, we’d roll our strike price up to the Weekly $12.50 Calls, which already made a heck of a move yesterday from .45-2.00.

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Hutchinson Technology, Inc. HTCH

We also want to give a quick update on HTCH, which we entered into the conversation via Friday’s premarket report. We witnessed the beginning of its run that day with a low of 1.60, and subsequent 22% pop to 1.95.

Yesterday, the stock set a new high of 2.25, which marked a two-day increase of 41% In order for us to remain interested in this play. we’ll need to see it continue to record higher lows.

Super-Subpenny Bottom-Watchlist

Here are a couple of stocks trading in the triple-zero range that we thought were worthy of compiling into a potential bottom-play watchlist as we head into midweek. We’ll include charts for the pair illustrating the reasoning behind that:

  Pervasip Corp. PVSP

B2Digital, Inc. BTDG


Extended Watchlist:
S, FIT($50-51 Weekly Calls), DAL, AAPL(Radar for Eventual Bounce)

Blue Horseshoe Stocks: Options, MILL Recaps & More

Miller Energy Resources, Inc. MILL

More often than not, when highlighting a stock that has recently recorded a new 52-week low, we’ve had very good fortune- yesterday’s premarket tag of MILL was no exception. It had just registered its annual bottom on Tuesday, and it set us up to bear witness to quite a respectable rebound.

From a low of .26, MILL surged as high as .38, marking an intraday pop of 46% and it happened on just over six times the 3-month average trading volume.

The move came in conjunction with an interesting sequence of events-Tuesday the company announced its significant doubt of its ability to continue as a going concern, which is what brought it to a new 52-week low. We caught it on the news scanner yesterday with a more positive message, regarding the receipt of a $33M tax credit from the State of Alaska and a potential loophole on the company’s debt in the form of a possible loan.

From this point forward we’d suggest an added note of caution pertaining to MILL on account of these somewhat mixed signals. The company is still in danger of filing for bankruptcy, but for our purposes, it turned out to be a nice mid-week bottom-play.

NuGene International, Inc. NUGN

We also wanted to point to another PR that hit the wires yesterday on a stock that we’ve been monitoring this summer. Back on June 15th, we tagged NUGN for observation and watched as it ran from 2.67-3.88 (+47%).

This week, after pulling back to find support at a low of 2.55, NUGN is rebounding back past the $3 mark. We’re going to want to watch it into next week, especially after the exposure that it’s set to receive this weekend.

Per a PR released yesterday the world-famous Kathy Ireland, whose namesake products NUGN distributes, will be doing a special on Fox Business Network (Sunday, 5:30pm ET) and Bloomberg International (Sunday, 8:30am CET, 3:00pm HKT, and 10:30am CDT). It’s called Worldwide Business with kathy ireland® and it will introduce a new line of stem cell-based skincare products. >> VIEW PR

Options Recap

It may be hard for some of our newer subscribers to believe, but most of the options calls we made yesterday morning ended up yielding chances at double-bag gains! Our regular readers won’t be surprised at all, as we routinely formulate such opportunities for options daytrades.

FitBit, Inc. FIT

All of the FIT Options ideas we signaled (Weekly $45.50-48 Calls) yesterday gave us the chance for notable gains, with the most significant action coming from the $46-48’s.

The $46 Calls initially ran 192% from 1.06-3.10, then dipped to a low of .79 before rebounding to 1.85 for an added 134% swing. 

The $47’s first burst carried them from .96-2.24 (+133%) dipped to .45 closed at 1.20 (+166%)

$48 Calls went on a 93% run from .88-1.70, and pulled back to .40 before ripping back to .75 for a chance at an extra 87% gain.

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Netflix, Inc. NFLX

Our ideas for NFLX Weekly $100-105 Calls are figuring to turn out quite nicely as well before the week is out.  In the image below we can see the closing prices on all of those contracts; with NFLX trading above $110 in the premarket, we expect to see all of those prices increased significantly as they’re pushed deeper into the money. We’ll be on the lookout for dip-and-rip scenarios for the remainder of the week and may consider rolling our strike prices up closer to the money, perhaps somewhere in the 107.14-111.43 range in the event the uptrend continues.

Extended Watchlist:
FCEL, OHRP, PIRS, MNGA, EXEL, ANR(watching for eventual bottom)