Tag: FLXN

Kicking Off a Potential-Filled Trading Week

Hydrofarm Holdings Group, Inc. HYFM – Options Update:

As a result of the relatively dry period for earnings (which will finally clear up starting next week) we’ve been formulating a lot of longer-term ideas on stocks with good technical setups. A couple of Monday’s ago, on the morning of September 27th, we signaled the HYFM 11/19 $35-40 Calls.

The stock itself saw its lows shortly thereafter, and for the past week, has been making incremental gains which have begun to produce the sort of activity that we were hoping to see.

Here are the ranges and percentage increases we’ve observed so far. With over a month still remaining prior to expiration, we wouldn’t be surprised to have to return to this one later to report further gains:

HYFM 11/19 $35-40 Calls
$35: 4.21-5.92 (+41%)
$40: 1.90-3.30 (+74%)
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Fresh Options Ideas: 
TAL Weekly $4.50-5.00 Calls
GM Weekly $58-59 Calls

Priority Aviation, Inc. PJET – Recap: 

Another play we signaled interest in toward the end of last month was PJET, which appeared in our report on the morning of September 30th, and the ensuing volatility did not disappoint.

This stock underwent a distinct dip-and-rip following our mention, going as low as .0125, before running back to .0235, for an upswing of 88% A break past .0244 this week, would put PJET into blue skies, so we’ll reserve a slot on our watchlists for it in upcoming sessions.

Extended Watchlist:
NHMD, MMTLP, IFXY, CGAC, MJWL, CFGX, SPZI, AAPT, PTGX, FLXN, TRVI, EZFL, ADMS

Blue Horseshoe Stocks: Options for the Week & More

Arcadia Biosciences, Inc. ARKA – Update

We placed RKDA on watch on Friday morning’s premarket report. We caught it off of one of our routine premarket scans, and determined that a bounce play was a good possibility. Not only did we get what we were looking for, but the stock looks ready to gap-up once again this morning.

From a daily low of 2.70 the stock reached as high as 4.97, marking an intraday increase of 84% When measured to today’s new premarket high of 6.42, it works out to a two day swing of 138% and gives us good cause to continue to monitor its activity as we open up a new trading week.

DXC Technologies, Inc. DXC – Recap 

We went bearish on DXC in Friday’s report, offering up an options idea of the DXC 08/16 $40-37.50 Puts. Both of those contracts performed well as DXC had the floor fall out from beneath it, posting the worst daily loss in nearly two decades.

The $40 Puts ran from 2.66-5.00, representing an intraday pop of 88% while the $37.50’s soared into multibag gainer territory with a move from 1.00-3.10, a gain of 210%
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Fresh Options Options Ideas for the Week:
SYY Weekly $71.50-72.50
GOLD Weekly $18-19 Calls 

Extended Watchist: 
VRAY, QUIK, CPST, SINT, FLXN, IVZ, FBIO, FLNT, LODE

Blue Horseshoe Stocks: EBIO, HRB Updates & More

H&R Block, Inc. HRB – Options Update

The options idea we formulated and passed along to our readers on Friday for HRB was far away our best play of the week, and an excellent way to wrap it up. Our specific target range that we highlighted in this case was the HRB 06/17 $21-23 Calls. and we ended up seeing monstrous moves out of each of the contained contracts.

$21 Calls – Trading Range: .60-3.30 – Max Gain: 450%
$22 Calls – Trading Range: .15-2.30 – Max Gain: 1430%
$23 Calls– Trading Range: .05-1.30 – Max Gain: 2500%

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Added Reminder:

The other options play we set our sights on in Friday morning’s report was Global Blood Therapeutics,Inc. GBT – 06/17 $20-30 Calls. We saw some moderate activity as the stock ran early in the day, before tapering off. As they don’t expire until the end of this week, we just wanted to reiterate the possibility of more pronounced moves if GBT maintains support at 22.00 or above.

Eleven Biotherapeutics, Inc. EBIO 

The last time we reminded folks about our interest in EBIO, a stock that has appeared in our reports many times in the past, was on June 3rd. On that day, we were commenting on an earlier alert we put out on it back in May while EBIO’s PPS was at .80, after seeing it run up to its then-high of 2.10.

It ended up topping out at 2.60 on the afternoon of the 3rd, and has since been under light consolidation. It reached a support level of 1.62 on Friday, before beginning to rebound, and this morning it has gapped up hard in the premarket to a new high of 3.55 on the strength of an attractive PR (link below).

From our observed low in May, it represents an overall increase of 344% We’ll want to see the stock’s previous resistance level of 2.60 hold as support on any early pullbacks.

Extended Watchlist:
AROPQ, EXAD, TRQ, GIG, AMRS, QURE,
FLXN(Big Insider Buying)