Tag: GEQU

Blue Horseshoe Stocks: Options Review & More

Options Update

Spirit Airlines, Inc. SAVE

On Wednesday, we identified a pair of SAVE options contracts as potential swing-trade candidates, specifically referring to the January 15th $40 and $45 Calls, and over the course of the session and-a-half since then, they’ve made quite a bit of progress. From Wednesday’s lows to Thursday’s highs, we’ve already seen upswings of 48% in the $40’s (2.90-4.30) and 93% in the $45’s (.70-1.35).

With more than two weeks until their expiration and SAVE shares still trading in the appropriate range, we’ll continue to keep a lookout for possible swing-trade chances from this particular options idea.

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Celgene Corp. CELG

Despite the decreased activity during the short week prior to the holiday break, we managed to spot some nice intraday swings from CELG options. We were on the trail of CELG Weekly $116-120 Calls starting on Wednesday, and after providing multi-bag gain opportunities on that day, they continued to produce during Thursday’s short session.

The $119’s and $120 were both still close enough to the money to yield significant moves over the half-day with the $119’s surging 77% from 2.12-3.75, and $120’s making an impressive 204% run from .97-2.95.

Chimerix, Inc. CMRX

CMRX set off our cliff-diver alarms this morning after shares plummeted more than 75% in premarket trading based on the clinical failure of one of the company’s late-stage trial drugs.

Whenever we see something like this unfold, our immediate instinct is to wait for the dust to settle, then strike as the rebound occurs. Knee-jerk selloffs of this magnitude don’t come along every day, but when they have in the past, we’ve almost always seen some measure of a recovery.

We’ll place CMRX on watch for such an event, provided it can hold at or above the $7-level moving forward.

Patriot National, Inc. PN

PN is another stock that was recently hammered back, and its own recovery is already in effect. In addition to insider buying in recent months and coming off of recent lows on the chart, the company announced a significant share repurchase to the tune of $20M this morning (View PR) that will avoid dilution from a previously announced private placement. We’ll be monitoring the stock for the possibility of a protracted recovery as we kick another short trading week.

Extended Watchlist:
GEQU, USPR, LOGG, IFUE

Blue Horseshoe Stocks: AMBS Recap & More

Amarantus Bioscience Holdings, Inc. AMBS

AMBS is a stock we’ve been quite familiar with in the past, and we recently turned our attention back to the stock, tagging it in both Friday’s and yesterday’s premarket reports. What has transpired is a solid two-session surge.

Friday saw the stock run from .66-.81 (+23%), and yesterday the bullish trend strengthened as AMBS traded up from .72 to a new high of 1.47. That went down as an intraday pop of 104%, and extends our total observed range in just two trading days to 123%

We want to continue to keep our eyes peeled for further activity in AMBS throughout the remainder of the week, as this morning’s PR regarding positive clinical results adds to its near-term potential significantly.

VitaCig, Inc. VTCQ

VTCQ was a continued point of focus for us in yesterday’s morning report. We initially tagged it last Wednesday morning, and had already tracked it over an impressive 245% range from .0042-.0145. The stock kicked off this new trading week in volatile fashion, first running 57% from .0159-.025, followed by a dip-and-rip as it came down to .0134 before ripping back to .0195 (+46%).

Yesterday’s high marked a bullish swing of 495% over the low we witnessed late last week, in a matter of just three sessions!

Agritek Holdings, Inc. AGTK

Speaking of dip-and-rip action, another of the stocks we highlighted in yesterday’s newsletter was AGTK, and it too recorded multiple moves during yesterday’s trading.

It flew out of the starting gate from .0013 and nearly made a double-bagger as it soared to .0025, for an initial pop of 92% That was followed up by a drop down to .0017 before its third reversal on the day carried it to a new high of .0028. That second move amounted to 65% and the total range from the daily low to the high came out to 115%

Extended Watchlist:
EFUT, TPAC, GEQU, BCCI,

Blue Horseshoe Stocks: TRIP Recap, Bottom-Watcher & More

TripAdvisor, Inc. TRIP

Based on what we were seeing in yesterday’s premarket activity, we floated several sets of contracts to monitor for opportunities. The Weekly 78.50-82.50 Calls were our short term target range, with a longer-term idea of the 10/30 $85 Calls.

The biggest winners among those sets of contracts were the $80, $81, and $82.50 Calls, and we even saw a big jump in our longer-term calls as well.

$80 Calls – Daily Range: .85-4.10 – Max Gain: 382%
$81 Calls – Daily Range: .66-3.20 – Max Gain: 385%
$82.50 Calls – Daily Range: .30-2.25 – Max Gain: 650%
10/30 $85 Calls – Daily Range: 1.00-2.20 – Max Gain: 120%

Remember, yesterday we also mentioned that TRIP has a gap on the chart from roughly 86.50 to the $92 area. We’re still going to be open to the possibility of seeing that happen in coming sessions. Naturally, we’d have to re-assess and roll up our strike prices to stay closer to the money if things indeed unfold in that manner. Should we see another dip, we’ll just want to be sure TRIP continues to record higher lows each day in order to hold our attention.

Terra Tech Corp. TRTC

We want to radar TRTC as a potential bottom play. The stock recently came down to find support around a previous swing low from this summer, and is showing signs of life.

This morning the company released a positive PR relating to its cannabis products now being available in many more dispensary locations in California. We’ll be anxious to see how the combination of the news, and a ripening chart affects TRTC’s PPS in the days ahead.

Terra Tech Subsidiary IVXX Adds 60 New California Retailers Following New California Legislation (Thu 8:30AM EDT)

Extended Watchlist:
GEQU, MLPH, EEGI, SIRG