Blue Horseshoe Stocks: Fresh Options Idea & More

Campbell Soup Co. CPB – Options Update

We opened up the week yesterday with a fresh options idea, designating the CPB Weekly $30.50-$42 Calls for observation, and we were pleased to be met with potential gains across the board. While not every contract set was a huge runner, they all made gains, including 4 out of 6 recording multi-bag performances on the day.

$30.50 Calls – Range: 2.26-3.12 – Max Gain: 38%
$40 Calls – Range: 1.00-3.00 – Max Gain: 200%
$40.50 Calls – Range: 1.63-2.00 – Max Gain: 23%
$41 Calls – Range: .95-2.10 – Max Gain: 121%
$41.50 Calls – Range: .80-1.80 – Max Gain: 125%
$42 Calls – Range: .60-1.50 – Max Gain: 150%

With the way CPB stock itself behaved, we’ll be very interested to continue to keep an eye on the activity in these plays as the week progresses.


Fresh Options Idea – Harley-Davidson, Inc. HOG

As promised, we also have another fresh options idea today. Harley announced plans to shift some of its US production overseas to avoid EU tariffs over the weekend, and was promptly slammed by Donald Trump.

This has caused a clear over-reaction by enough traders/investors as well as a spike in short interest which is driving the stock down rapidly. It is approaching a multi-bottom setup on the chart, and we’re going to want to be ready to take advantage when the rebound occurs.

We’re going to signal the HOG 08/03 $43-44 Calls, and remain watchful over HOG in the days and weeks ahead for a rebound that could be coming at any time.


Extended Watchlist:
AVGR, GE, GWPH, IIIV, INFI

Blue Horseshoe Stocks: CANN Recap & More

General Cannabis Corp. CANN

To kick off this week, we sent out a reminder going over the extensive list of cannabis plays we published on April 4th in anticipation of Friday’s 04/20 Holiday celebrations and connected stock activity.

We expect a rising tide of interest and activity in the cannabis space for the remainder of this week and beyond, during what is one of the busiest times of year for marijuana-related businesses/stocks.

We are already impressed with the move made by CANN since our initial alert and through to this week. On the 4th, following our report, CANN established its base at 2.25 and hasn’t looked back. Yesterday the stock hit 5.75, marking a two week bull run of 156% As we said, we expect to see more moves like this from the myriad cannabis plays we track on a regular basis. (Non-Exhaustive List Here)


vTv Therapeutics, Inc. VTVT

We also want to make note of VTVT this morning after noticing a number of attractive features on the chart. Pre-existing shareholders of VTVT are certainly not happy with the events of the past few months, but as opportunistic short-term traders, it has almost everything we look for a regular basis.

In addition to being monstrously oversold, the stock has seen a rise in average volume over the past week, after a massive gap-down which you can plainly view on the snapshot below. What makes the scenario so interesting, is that the company will need to reattain and hold the 1.00/share or risk involuntary delisting from the NASDAQ. With all these factors playing in, we’ll definitely want to put this one on extended watch in the event it attempts to fill even a portion of that gap.


Extended Watchlist:
NFLX, GS, UNH CNIT, CNET, VHC, RKDA, GWPH, KOOL

Blue Horseshoe Stocks: Options Roundup

GW Pharmaceuticals plc GWPH
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We said we’d be looking for action in the  in the GWPH Weekly $125 & $130 Calls yesterday after we learned the company had reacquired the rights to develop Sativex, a 1:1 THC/CBD extract blend oral spray product.

The result was a run from the stock that brought it to its highest PPS since March, and that move facilitated some very nice activity in our designated contracts. The $125 Calls saw a move from  3.00-5.90 for gains of up to 97%, while the $130′s tore up the chart, running a whopping 900% from .15-1.50!

There’s also a reasonable chance the solid trend could continue today, so we’ll be sure to stay on the lookout for that.


Fresh Options Ideas

Under Armour Inc. UAA – First up for new options ideas this morning we’ve got UAA, which is building a heck of chart setup in the wake of the revelation earlier this week that the company’s third-largest stakeholder had increased their position.

We’re going to set up shop with a short and extended term idea, homing in on the UAA Weekly $13.50-14.50 Calls, in addition to the 01/12 $14.50-15.50 Calls, in the event that its recent run of bullish activity is set to continue over a longer time frame.
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Adobe Systems, Inc. ADBE – In the case of ADBE, the company posted beats on both revs and earnings for Q4, and we’re always looking for a good post-earnings options trade. We’ll look to the ADBE Weekly $175-180 Calls.


Extended Watchlist:
RIGL, LFIN, RIOT, WPCS, GFI

Blue Horseshoe Stocks: GW Pharma & More


Eagle Bancorp, Inc. EGBN

After realizing that EGBN had been the target of dishonest short-seller tactics, we tagged some options ideas on the morning of December 5th – the EGBN 12/15 $50-60 Calls. The stock had been absolutely hammered in the previous session.

We saw some really nice moves from those contracts when EGBN immediately began to rebound ranging from 73-200% The stock dealt with some resistance over the later portion of last week and into this Monday, but managed to continue its recovery and go on to set another new high yesterday.

That produced another opportunity in a couple of the contracts we highlighted, with the $55 Calls trading from 1.20-4.40 for a 267% swing, and the $60′s exploding for a 600% rip from .10 to .70.


GW Pharmaceuticals plc GWPH
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We’re looking at a familiar cannabis stock in GWPH this morning as the company is receiving some positive attention over its announcement that it had reacquired the rights to develop Sativex, a 1:1 THC/CBD extract blend oral spray product.

The stock is seeing some bullish premarket activity, and we’re going to signal a pair of corresponding quick strike options calls. We’ll be looking for a dip and rip scenario, and tracking the relation activity in the GWPH Weekly $125 & $130 Calls.


Extended Watchlist:
ARGX, CLRB, TANH, MYO, MRNS, BIOA, DRRX

Blue Horseshoe Stocks: Bottom-Play, Options & More

EnteroMedics Inc. ETRM

ETRM is the first in a group of plays that we’ve been familiar with in the past, that we’d like to circle back around to this morning.

We never stop looking out for stocks giving a bounce signal off of their 52-week lows, and ETRM raised that flag yesterday. The stock hit a new annual low (.123) as the short week kicked off on Tuesday, and yesterday’s session showed a clear rebound , trading between .14-.15, so we’ll just want to keep our eyes peeled for a mid-to-extended term recovery.


GW Pharmaceuticals plc GWPH

GWPH is another stock that we’ve had experiences with in the past, and today we’ve spotted a possible opportunity to take advantage of it once again.

On the flip-side of the coin from the previously mentioned play, GWPH has just hit its highest PPS since last October (104.58) yesterday on an epic single-day surge. That’s quite an impressive jump over its levels the last time we mentioned it in our reports, when it was trading just above $80.

Additionally, looking back over GWPH’s track record, it seems every time the stock makes a major move to the upside, there’s always a commensurate consolidation that follows. For this reason, we’re going to signal a range of extended-term puts in the GWPH options chain to track over the coming days and weeks.

Our four potential targets are going to be the GWPH 10/21 $105-90 Puts.


Rite Aid Corp. RAD

Also among stocks we’ve tracked at various times and for various reasons in the past, is RAD, though it has been quite some time since we last had our eyes on it closely.

Today we’ve been provided with an update on the status of the pending buyout of the company by Walgreens Boots Alliance (WBA) (>>View PR)

We’ll be watching the stock which is presently trading at a low multiple in the 8.30-range, as well as an options idea; the RAD Weekly $7.50 and $8 Calls, with the possibility of rolling up to the $8.50′s if and when the stock breaks its premarket high 8.42.


Extended Watchlist:
JNSH, TURV, PCYS, SFRX