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: SRPT Options Through the Roof & More

Sarepta Therapeutics, Inc. SRPT – Update

We caught SRPT Wednesday on the heels of the stock’s 52-week low, and immediately pounced with an options idea. The SRPT Weekly $10.50 and $11 Calls produced gains of 237% and 159% respectively that day, and when we followed up in yesterday’s premarket report, we made sure readers understood that those gains would “pale in comparison” to the ones we expected once the session kicked off. We were absolutely correct.

The $10.50′s which we caught at .40 on Wednesday, set a new high of 4.23 to extend our total possible gains to 958%   $11′s whose low from Wednesday was .39 rushed to a high of 4.04, marking a two-day swing of 936%

Pertaining to SRPT stock itself, the two-session move has been impressive there as well, trading up in a range from 8.00 to 15.38, for a highly respectable 92% increase. Cheers to any of our followers who caught on with SRPT, because there were profits to be made across the board!


Chatroom Reminder

We don’t inundate our readers with reminders about our daily live traders chats (Open to all, just send a Skype contact request to ‘stocksumo‘) but every so often we like to give everyone a peek into what typically goes on.

We had our old friend DJ provide the room with a trio of ideas at midday in the shipping sector and all three (PRGN, EGLE and DRYS) continued to stack on some serious gains subsequent to the alert.

Once again, we welcome participation on any level from all of our readers, even if you just want to drop in and see what’s buzzing in the room. Just send that Skype contact request to our very own ‘stocksumo’ and he’ll get you in right away!

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Bonus Shipping Play: We also want to add GLBS to the list of shippers we’ll be monitoring after this sector-wide momentum boost. We’re looking for a continuation of that today and possibly into next week.


Fresh Friday Options Ideas

We’ve got a few prime ideas based off of more Q1 earnings beats, so it’s time to put our options-trading hats back on for the following three plays:

Amazon.com, Inc. AMZN  – Weekly $670-680 Calls

LinkedIn Corp. LNKD – Weekly $132-134 Calls

Shire plc SHPG – Weekly $190-192.50 Calls

*As we always caution our readers, remember that trading weekly options on Friday is very risky. To be attempted only by expert traders!


Extended Watchlist:
ROVI, HK, MNST, P, DWA

Blue Horseshoe Stocks: HK Update, Options Recap & More

First thing’s first- remember that the closing bell rings at 1PM today, whereupon we’ll break for a three-and-a-half day weekend. Allow us to preemptively extend to everyone glad tidings of rest and relaxation, and an enjoyable holiday break no matter how you choose to spend today and tomorrow’s market downtime!

But, before we can hang things up for the holidays we need to go over some of the great winning plays we’ve tracked on this short week; a feat which isn’t always easy to accomplish. 


Celgene Corp. CELG

CELG was gapping up yesterday on untraded-upon news, and the activity led us to formulate an idea for a range of options calls that we felt would see heavy activity.

Our specified targets were CELG Weekly $116-120 Calls and we were exceedingly pleased with the ensuing swing action:

$116 Calls – Trading Range: 3.46-6.60  – Max Gain: 91%
$117 Calls – Trading Range: 2.19-5.44  – Max Gain: 148%
$118 Calls – Trading Range: 1.55-4.70  – Max Gain: 203%
$119 Calls – Trading Range: 1.30-3.55 – Max Gain: 173%
$120 Calls – Trading Range: .75-3.10 – Max Gain: 313%


Swift Energy Co. SFYW

We placed SFYW on watch yesterday morning after noticing that the stock was attempting to sustain a rebound off of its recently established 52-week lows.

The stock did perform nicely, trading up from a low of .065 to .1049 for a 61% intraday rip. The move occurred on volume in excess of more than 5X the monthly average.

Remember, we also identified a gap on the SWYW from roughly .11-.16, so we’ll continue to keep this play on watch for as long as a run to fill that gap seems plausible.


Halycon Resources Corp. HK

We were quite accurate in our assessment of HK’s condition in Monday morning’s premarket report. The observations we relayed at the time were that: “Not only is the stock coming off of a new annual low registered on Thursday, but… five members of management filed Form-4′s indicating the purchase of shares at .26. Both occurrences qualify HK for an extended-term recovery watch.”

Over the course of this week we’ve liked the strides HK has made toward that recovery, running from Monday’s low of .2233 on up to a new high of .337 yesterday. That represents a respectable three-session swing of 51%

As you can see on the included chart below, there appears to still be room for the present run to grow, so we’ll be watching out for the stock to record higher highs and higher lows in coming sessions.


Extended Watchlist:
TALK, ARYC, DEQI, EFFI

Blue Horseshoe Stocks: BBRY Review, HK & More

Friday’s Options Review -  Blackberry Ltd. BBRY

BBRY was the object of our attention with regard to options-trading ideas on Friday, and it turned out to be a major success.

In our morning report we zeroed in on Weekly 7.50-8.50 Calls for what we felt could be “significant intraday swings” and each of the three sets of contracts within our target range managed to meet our expectations. The $8 and $8.50′s made particularly violent spikes exceeding the 1000-percent mark!

$7.50 Calls – Trading Range: .69-1.41  – Max Gain: 104%
$8 Calls – Trading Range: .20-2.88  – Max Gain: 1340%
$8.50 Calls – Trading Range: .04-.55 – Max Gain: 1275%

We also prepared a short video of the action provided by these BBRY Calls:


Halycon Resources Corp. HK

In the midst of tax-loss selling season, we are noticing opportunities to pick up highly discounted shares practically everywhere we look. One possible play we’re considering as we kick off this holiday-shortened week is HK, which fits a couple of the criterion for which we’re always looking.

Not only is the stock coming off of a new annual low registered on Thursday, but on Friday, no less than five members of management filed Form-4′s indicating the purchase of shares at .26. Both occurrences qualify HK for an extended-term recovery watch.

Even further, there was an announcement on Friday from CEO Floyd Wilson alluding to an exchange offer , the closing of which will apparently reduce “long-term debt by more than $1 billion and… annual cash interest expense by more than $50 million.” >> VIEW PR


Extended Watchlist:
CANV, CDII, CDNL, VPRO, DBMM, SENY, VOIL

Blue Horseshoe Stocks: PCLN, EXPE Recaps & More


Yesterday’s Options Ideas
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The Priceline Group, Inc. PCLN- The buyout of Orbitz by Expedia yesterday seemed to cause a ripple effect throughout the travel-booking sector yesterday, with many similar stocks making strong performances on the day.

The contracts that we proclaimed our interest in for PCLN were the the $1065-$1085 Calls, and with PCLN rising as high as 1102.26, substantial profits were there for the taking.

The $1065 Calls made an excellent 140% move from a low of 15.04 all the way to 36.20, while the $1085′s shot from  4.50 to 17.15 in a huge intraday increase of 281%

Expedia, Inc. EXPE - As far as EXPE itself, our premarket idea of the $86 Weeklies yielded an excellent opportunity as they moved up from 1.50 to 5.77, a 285% spike.

Those traders who chose to strike a bit closer to the money could have scored big with the $88 Calls as well, which traded in a range from .45-2.95 (+555%)


More New Ideas

We’ve done so well with options calls these past few weeks that there’s no point in stopping now! We’ve got a couple of new ideas to radar this morning in the web security business.

Both stocks are gapping up today, so we will be on the lookout for dip-and-rip scenarios to facilitate potential trades in the following:

CyberArk Software, Ltd. CYBR – With CYBR, we’re going to start off looking at the $50 Calls, which closed yesterday at 1.70, and the  $55 Calls which closed at .60.

FireEye, Inc. FEYE - For FEYE, we’ll want to monitor the $39.50, $40, and $40.50 Calls (Closed at .55, .35, and .15 respectively.)


Extended Watchlist:
ARIA, CYTK, FXEN, GDP, HK, GEVO, LEI