Tag: FOLD

Blue Horseshoe Stocks: SNAP Rocking & More

Snap, Inc. SNAP

After we signaled our interest in a range of SNAP calls yesterday morming, the stock turned in quite a performance. In fact, SNAP ended up being the top gainer on the NASDAQ for the session.

That activity paved the way for some excellent intraday moves for our designated contracts, the SNAP Weekly $16-17.50 Calls, which all more than

$16 Calls – Range: 1.15-5.00 – Max Gain: 335%
$16.50 Calls – Range: .93-4.38 – Max Gain: 371%
$17 Calls – Range: .50-4.00 – Max Gain: 700%
$17.50 Calls – Range: .45-3.51– Max Gain: 680%

We feel good about a continuation of the same kind of volatility we saw with SNAP yesterday, and will roll up our potential strike prices, and begin to monitor the SNAP Weekly $21-22.50 Calls as we finish out the week.
_______________

Fresh Options Idea:
GrubHub, Inc. GRUB – Weekly $80-85 Calls
Twitter. Inc. TWTR – Weekly $31-33 Calls

Biocept, Inc. BIOC

We want to keep tabs on BIOC after the announcement of a public offering precipitated what we would consider an over-reactionary selloff.

The company raised a sum of roughly $14.8M after offering approximately 32M shares at an exercise price of .45, along with immediately exercise-able warrants to purchase another 32M shares at .50.

We would classify it fall to a new annual low of  .30 yesterday as a kneejerk response, and with the stock being this heavily oversold, we’ll want to put this one on bottom-bounce watch immediately.

Extended Watchlist:
TEUM, SNCR, FOLD, SWN, GCAP, NETE, RIOT, ONTX

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.

_____

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)