Blue Horseshoe Stocks: AVEO Recap & More

AVEO Pharmaceuticals, Inc. AVEO

Swinging back around to discuss AVEO is our top order of business this morning after the stock soared to new highs yesterday. We placed this stock on watch on June 23rd, subsequently mentioning it several times.

On the day of our initial alert, AVEO traded for as little as 1.05 per share, and after multiple weeks in a near-contnual uptrend, the gains have been fantastic. Yesterday AVEO reached new four year highs of 3.19, marking an overall swing of 204%

Volume over the same period has been greatly heightened, and yesterday’s close at 3.15 was a strong one, so even though AVEO has had momentum-mover status for several sessions, we’re going to want to continue to watch it closely.


Inotek Pharmaceuticals, Inc. ITEK

We’re always looking for a good bottom-bouncer, which is why we want to take note of ITEK this morning after disappointing study results on the company’s eye drug sent shares tumbling yesterday.

As we point out on the chart snapshot below, the stock has been beaten back into oversold territory, leaving a big gap on the chart. We’ll place it on watch for the filling of that gap, which from present pricing would spell gains of up to 60%


Extended Watchlist:
ATNM, HK, FOLD, TEUM, JAGX, MSDI, OCUL

Blue Horseshoe Stocks: Earnings-Related Options & More

American Eagle Outfitters, Inc.  AEO – Options Idea

Earnings-related options ideas are among some of our favorite plays to track, and that’s what we’ve got here with AEO this morning. American Eagle had a mixed earnings release, satisfying on profit expectations while falling short of on both sales and outlook. Granted that the stock was already looking a bit top-heavy, we’re feeling bearish about this play for the short-term.

To coincide with that instinct, we’re going to signal our interest in a range of puts in the AEO options chain. For possible quick-strike trades, we’re going to be looking at the AEO Weekly $19.50-16.50 Puts.

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Splunk, Inc. SPLK – We’ve also got a bullish options idea to bring to the table with SPLK, and this one is earnings-related as well.

The company posted a strong quarterly report yesterday and is surging as a result. In this case we’re going to highlight and track the SPLK Weekly $60.50-62 Calls.



Petrobras Argentina S.A.  PZE

While we’ve mentioned Petrobras countless times in our reports in the form of PBR, this marks the first occasion upon which we’re focusing on its Argentinian counterpart. The stock has been getting absolutely hammered of late, and with an OPEC deal seemingly close at hand, oil has begun to run. That’s why we’re going to be tracking this one over an extended time period from this point forward.

Should the production cut go off without a hitch, it sets PZE (as well as other oil stocks) up to regain a good bit of the ground lost in past weeks, so we’ll want to put this one on bottom-watch in the days and weeks ahead.


Extended Watchlist:
ICBU, GEYI, GLBS, PBR, FOLD(Bottom-Watch)

Blue Horseshoe Stocks: Friday’s Huge Session & More

SharkReach, Inc. SHRK

Our Thursday morning we presented SHRK as a momentum play and were met with one heck of an opportunity as the stock managed to make an intraday swing of 120% from .30-.66 that afternoon on exceedingly heavy volume.

We reinforced our interest in continuing to track the stock on Friday morning, provided it maintained a higher base level of support, and for the second straight day, SHRK came through for us despite choppy market conditions.

We witnessed a run from .62-.85 for a solid 37% swing, and from Thursday’s observed low, it marked a two-day move of 183% Cheers are in order for anyone who has followed SHRK along with us. With another strong close Friday we’ll keep an eye on its activity as we kick off a new trading week.


Facebook, Inc. FB – Options Update

Thursday morning’s report also contained some stellar options ideas as we decided to go bearish on FB. The ranges we highlighted included the Weekly $113-110 Puts and the longer-term ideas of the Feb 19th $109-105 Puts all returned good chances for quick-strike profits.

On Friday we anticipated a second consecutive day of losses for the social media giant, and explicitly stated that “We can expect to see further moves out of these contracts”. Once again our expectations were met precisely as FB continued to tumble, and extended our possible gains to an astonishing level.

Weeklies:

$113 Puts – Trading Range: 1.85-9.60  – Max Gain: 419%
$112 Puts – Trading Range: 1.27-8.79 – Max Gain: 592%
$111 Puts – Trading Range: .93-7.70 – Max Gain: 728%
$110 Puts – Trading Range: .47-6.80  – Max Gain: 1346%

02/19 Expiration:

$109 Calls– Trading Range: 1.98-6.65 – Max Gain: 236%
$108 Calls – Trading Range: 1.67-6.00 – Max Gain: 259%
$107 Calls – Trading Range: 1.27-5.31 – Max Gain: 318%
$106 Calls – Trading Range: .99-4.70 – Max Gain: 375%
$105 Calls – Trading Range: .91-4.10 – Max Gain: 351%

In terms of the February 19th Puts we signaled, we are once again reiterating our interest as we expect the gains to continue piling up as FB looks to be in line for another rough outing. We explain our reasoning for this in the following chart snapshot.

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As a bonus idea on Friday we also included a wide range of Weekly LNKD Puts ($140-125′s) and every single contract offered up the shot at big single-session profits. They yielded gains running anywhere from 116% to a highly impressive 1671%


Extended Watchlist:
GTHP, AMBS, WOFA, GMUI, AGTK, FOLD

Blue Horseshoe Stocks: CNDO Recap & Much More

Esperion Therapeutics, Inc. ESPR

ESPR was an unstoppable juggernaut for us this week. On Tuesday, we floated the idea of tracking the ESPR 04/17 $90 Calls, and those contracts have gone on a wild run since then.

As the stock pushed its way to new 52-week highs yesterday, finally topped those contracts out at 28.50, it marked an overall increase of 714% from the 3.50 low we observed on Tuesday; quite an impressive feat for a span of just three sessions.

Add in the multiplicity of opportunities in short-term weekly calls that we’ve witnessed (on the order of percentage gains in the thousands!) as the stock made this historical run, and we’ll have to mark ESPR down as one of our most successful alerts thus far in 2015.


Coronado BioSciences, Inc. CNDO

CNDO did quite well following our tag of it in yesterday morning’s extended watchlist, further solidifying the notion that biopharmas have been on a real hot streak this week.

We watched as CNDO ripped its way from a daily low of 3.62 to as high as 5.35, totaling an intraday run of 48% The move came on volume which smashed the 3-month average by a factor of more than 32X Congrats to any of our readers who lassoed this momentum-mover for some tidy gains yesterday!


Amicus Therapeutics, Inc. FOLD

FOLD also appear on yesterday’s watchlist before extending its own epic run with a modest yet notable increase of 13% on the day, trading a range from 11.63-13.20. Like the previously mentioned play, this stock has also been on a blue-sky breakout, setting new annual highs with every uptick.


Morning Gappers – Options Ideas

Nike, Inc. NKE shares surged as the company beat Wall St. estimates for profits on yesterday’s earnings call, and appears to be gapping up significantly in this morning’s premaket activity. We are going to be monitoring the $101-104 Weekly Calls for potential daytrading opportunities, and for a possible a swing trade into the weeks ahead, we’ll radar the 04/10 $105-110 Calls.

Prothena Corp plc PRTA is gapping up monstrously today to the tune of 40%, soaring on yesterday’s post-market revelation of positive Phase 1 results for its treatment for Parkinson’s disease. We will be placing $35 and 40 Calls on watch for daytrading potential, while tracking the 06/19 $45 Calls for a longer-term play.


Extended Watchlist:
VBLT, SPEX, VGGL, ICLD, RNN

Blue Horseshoe Stocks: ESPR Options, MVIS Recaps & More


Esperion Therapeutics, Inc. ESPR

ESPR found new highs once again yesterday for the second straight session after we initially tagged it for options trading potential on Tuesday.

In addition to monitoring Weekly In-the-money Calls, which yielded up the opportunity at gains ranging from 400-1400% on Tuesday, and continued their own runs yesterday, we also had specified a longer-term idea that continued to work extraordinarily well.

That idea, the 04/17 $90 Calls, traded from a low of 11.60 all the way up to 21.90 yesterday. It represented an excellent single-session intraday increase of 89%, and a whopping 525% jump over our observed low from Tuesday (3.50).

Big congratulations go out to any of our readers who reaped the benefits ESPR, which has easily emerged as our top target of the week! The stock is gapping up in the premarket this morning, so it appears as if we could see a further extension of those gains.


Microvision, Inc. MVIS

On Monday we tagged MVIS in a gap-up watchlist, and it has found its way into every one of our reports this week, setting new highs each day.

Yesterday the stock traded in a range from 3.42-4.23, a healthy intraday move of 24% From our observed low of 2.88 on Monday, that high marked a rise of 47% overall.

As you can see below, given the extremely over-bought look of the chart, now might be a good time to lock in any profits gained over the course of the week. This major move has been fueled by a PR out Monday in which the company announced orders totaling more than $14M it had received for components of its patented PicoP® display technology >> VIEW PR


Side Note:

Yesterday in advance of the FOMC Meeting, we cautioned readers to stay alert and watch for the effect that Janet Yellen’s commentary would have on the markets. To take advantage of this expected surge in either direction, we mentioned trading options calls on either the SPY, if the markets went up, or UVXY and/or VIX if they slid back.  Either way it played out, we said, we wanted “to stay in-the-money with our strike prices.”

As it turned out, the Fed announcement caused a sharp rise in the markets, and as a result the SPY Calls were the ones to play. We saw substantial gains on in-the-money Calls as the SPY spiked to $211.27.

For example, the SPY $209.50 Calls traded in a range from .80-2.00, for an intraday move totaling 150%  $210 Calls also spiked heavily from a low of .40 to as much as 1.59, a huge 297% jump.


Extended Watchlist:
FOLD, RAD, NQ, CNDO, SYN, SMLR