Blue Horseshoe Stocks: HEMP Update

Hemp, Inc. HEMP

Because of the absolute bloodbath having been experienced by the market of late, it is easy to forget the huge development for those with vested interests in hemp, the male form of the cannabis plant. Of course, one of its biggest proponents for quite some time has been the aptly named, Hemp, Inc.

The recent passing of the farm bill that effectively green-lighted the hemp industry nationwide is a game changer, and it certainly showed up on the chart, which experienced a heck of a spike. Following our alert on HEMP from just a few weeks ago, the stock ran from .0292 up as high as .054, a move of 85%

There has been some pullback since then, but in general HEMP is a stock that we’re going to be very interested in tracking into the New Year. There is a golden cross setup in the works for the chart, so we could be looking at the next leg-up sooner rather than later.

The company has talked a big talk when it comes to federal legalization, and now that it has become a reality, we expect to see solid efforts from HEMP in 2019, starting with the cleaning up of its reporting status on OTC Markets.


Extended Watchlist:
ASNS, IMMU, MB,

Blue Horseshoe Stocks: NKE Options & More

Nike, Inc. NKE 

We’re seeing a possible opportunity for NKE to close out the week today, despite the continued bearish activity for the markets at large. Like a lot of stocks, NKE is at its lowest prices in quite some time; in this case, seven months. But we are seeing the makings of a potential quick-strike play here, and we’d like to signal some options ideas to coincide with the present situation.

We;re going to focus in on the NKE Weekly $73-74 Calls after the company logged a beat on both earnings and revenues in its post-market release yesterday. Additionally the company provided stout guidance, so if anything has a chance to buck the trend and put forth a bullish session today, it would be Nike.


New Age Beverages, Inc. NBEV

Speaking of bucking the trend, NBEV, another anomalous performer that we’ve been tracking for quite some time has been flying in the face of current market sentiment for six weeks now.

When we high;lighted this stock on the morning of November 15th, it was trading for as little as 3.30, and after weeks of bullish sentiment, the stock has reached new highs at 6.90, which accounts for a move of 109%


Extended Watchlist:
CM, PLUG, ZNGA, VIVO, CGC, NTES, HEMP

Blue Horseshoe Stocks: Options Review & HEMP

Options Review

We’ve placed a lot of focus on options plays this week, and thanks to the help of a solid day for the markets, we saw excellent opportunities for quick strike profits in a couple of them yesterday. Our primary order of business today is to go over the gains that have been made possible by some of our ideas.

The Netflix Inc. NFLX 01/25 $290-300 Calls were an idea we submitted in yesterday morning’s premarket report, and we saw some moderate increases in all five of those contracts, which were as follows:

$290 Calls – Range: 14.15-16.30 – Max Gain: 15%
$292.50 Calls – Range: 11.00-14.70 – Max Gain: 34%
$295 Calls – Range: 10.05-16.25 – Max Gain: 62%
$297.50 Calls – Range: 11.25-14.00 – Max Gain: 24%
$300 Calls – Range: 8.60-13.07 – Max Gain: 52%
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We also formulated an idea for the SPDR S&P500 ETF (SPY) on Tuesday morning, the SPY Weekly $266.50-268.50 Calls, and those have flourished thanks to the bullish session for stocks in general yesterday. Here are the ranges on those contracts so far:

$266.50 Calls – Range: 1.25-3.55 – Max Gain: 184%
$267 Calls – Range: 1.02-3.20 – Max Gain: 214%
$267.50 Calls – Range: .89-2.86 – Max Gain: 221%
$268 Calls – Range: .74-2.60 – Max Gain: 251%
$268.50 Calls – Range: .66-2.28 – Max Gain: 245%

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Hemp, Inc. HEMP

We also wanted to make mention of HEMP, a long-time familiar play which we most recently tagged on November 30th, subsequent to which time we would observe a low of .0292.

Thanks to the passing of the farm bill in the House by a landslide, hemp and its byproducts, which includes CBD, has just been legalized at the federal level. That means big things for HEMP, and many other companies involved in CBD production and distribution. The news led to a new high of .045 for HEMP- a 54% move over our observed low from a couple of weeks ago.


Extended Watchlist:
OPTT, IPCI, BLIN, CRIS, VTL, DPW, GE, PAYX, ADIL, NBEV