Blue Horseshoe Stocks: HEAR Review & More

Turtle Beach Corp. HEAR – Review

Our primary focus has always been to find near-term trading opportunities first, assigning longer-term calls a secondary priority. However, we’ve had quite a bit of good fortune this year in identifying stocks that have gone on to have considerable extended runs.

HEAR is one such stock, that we first signaled for observation on April 9th, at which time the stock was trading for as little as 2.76. Over the ensuing nine weeks, we have seen an incredible, near-continuous bull run that has resulted in new highs of 23.20 yesterday. That works out to an increase of 740% over a span of a little over two months!

Being in blue skies, there’s no telling what new highs we might see in HEAR; it’s certainly plausible to believe we may see our total observed gain reach a thousand percent at some point in the near future. At the rate things have been going, it’s certainly not an unreasonable thought.


H&R Block, Inc. HRB – Fresh Idea

We also want to provide a quick update on our bearish options idea from yesterday’s premarket report, the HRB Weekly $26-24 Puts. We formulated this range after noticing the stock getting kicked hard despite posting an earnings beat in the post-market on Tuesday.

HRB did gap down a little too far for the $26′s to see much action, but we had respectable chances to profit off of the other two contracts in the range. The $25 Puts ran from .65-1.05 for a gain of 62%, while the $24′s put up a double-bag performance with a 133% rip from .15-.35.


Galectin Therapeutics, Inc. GALT

We tagged GALT on Tuesday morning after noticing a big surge in activity, and its run has continued nicely over the course of the week.

We’ve now observed a solid 37% bullish move from 5.83-8.00, and will be on the lookout for the possibility of more new highs.


Extended Watchlist:
ENPH, CTRV, CODX, FCEL, ETSY, ONTX, MYSZ

Blue Horseshoe Stocks: TSLA Recap & More

Tesla, Inc. TSLA – Options Idea
-
TSLA stock was running hard after KeyBanc analysts predicted a 50% rise in Model 3 deliveries, and we entered the mix yesterday morning with a set of options ideas to take advantage of the situation. We certainly hope that our words didn’t fall upon deaf ears, because of the five contracts in the range we slated for potential quick strike trades, all five produced single-session gains of over 100%

Our designated targets were the TSLA Weekly 337.50-347.50 Calls and we were very impressed with the total potential gains made available by all of those contracts:

$337.50 Calls – Range: 8.00-19.00 – Max Gain: 138%
$340 Calls – Range: 6.76-17.10 – Max Gain: 153%
$342.50 Calls – Range: 5.75-15.16 – Max Gain: 164%
$345 Calls – Range: 4.97-13.50 – Max Gain: 172%
$347.50 Calls – Range: 4.20-11.90 – Max Gain: 183%

From what we’ve seen thus far, we have reason to believe that we may see some further opportunities in these ideas before the week is out, so we’ll allow them to keep their slots on our radar screens for the time being.


H&R Block, Inc. HRB – Fresh Idea

As a fresh options trading idea this morning, we want to bring attention to HRB, which despite turning in a beat on earnings yesterday in the post market, is taking a beating here in early trading.

Combined with the fact that the stock was already looking toppy and about to breach into heavily overbought territory, we’re ready to look at a range of puts, to take advantage of what may be a significant course correction to the low side. We’ll be tracking the HRB Weekly $26-24 Puts.


Extended Watchlist:
VTGN, DARE, SYK, OGEN, ESRX, PVTL, KFY, KOOL

Blue Horseshoe Stocks: EBIO, HRB Updates & More

H&R Block, Inc. HRB – Options Update

The options idea we formulated and passed along to our readers on Friday for HRB was far away our best play of the week, and an excellent way to wrap it up. Our specific target range that we highlighted in this case was the HRB 06/17 $21-23 Calls. and we ended up seeing monstrous moves out of each of the contained contracts.

$21 Calls – Trading Range: .60-3.30 – Max Gain: 450%
$22 Calls – Trading Range: .15-2.30 – Max Gain: 1430%
$23 Calls– Trading Range: .05-1.30 – Max Gain: 2500%

______

Added Reminder:

The other options play we set our sights on in Friday morning’s report was Global Blood Therapeutics,Inc. GBT – 06/17 $20-30 Calls. We saw some moderate activity as the stock ran early in the day, before tapering off. As they don’t expire until the end of this week, we just wanted to reiterate the possibility of more pronounced moves if GBT maintains support at 22.00 or above.


Eleven Biotherapeutics, Inc. EBIO 

The last time we reminded folks about our interest in EBIO, a stock that has appeared in our reports many times in the past, was on June 3rd. On that day, we were commenting on an earlier alert we put out on it back in May while EBIO’s PPS was at .80, after seeing it run up to its then-high of 2.10.

It ended up topping out at 2.60 on the afternoon of the 3rd, and has since been under light consolidation. It reached a support level of 1.62 on Friday, before beginning to rebound, and this morning it has gapped up hard in the premarket to a new high of 3.55 on the strength of an attractive PR (link below).

From our observed low in May, it represents an overall increase of 344% We’ll want to see the stock’s previous resistance level of 2.60 hold as support on any early pullbacks.


Extended Watchlist:
AROPQ, EXAD, TRQ, GIG, AMRS, QURE,
FLXN(Big Insider Buying)

Blue Horseshoe Stock: TPLM Recap & More

Triangle Petroleum Corp. TPLM

The first thing we want to do this morning is congratulate ourselves for our timely call of TPLM in yesterday’s extended watchlist, as well as any of our readers who were able to take advantage.

The timing was indeed impeccable; Wednesday’s bullish session brought the stock comparatively modest gains compared to what was on the table yesterday. TPLM traded up from an early morning low of .35 and reached .63, for a highly respectable intraday run of 80%

The move occurred on volume which exceeded the monthly average by more than seven times, and the stock managed to close just a shade under its high-of-day at .615, qualifying it for continued observation as a potential momentum play. We’ll look for higher highs and higher lows as have occurred over each of the past three days.


INTREorg Systems, Inc. IORG

We most recently were discussing IORG in our report dated May 25th, subsequent to which we would observe quite a significant uptrend. As you can plainly see on the included chart below, it has been stringing together solid performances for two weeks straight.

Our observed low on the stock was .32 on the 27th, and since then it’s been off to the races, and yesterday the stock managed an impressive new high of 1.09 before closing with strength just a tick below that. For us to remain heavily interested in this play moving forward we are going to need to see it maintain support at or above the channel of previous resistance we’ve highlighted on the chart from .80-.98.


Fresh Options Ideas 

To close things out for the week, we’re going to provide a couple of options ideas with expirations set for next Friday, so this won’t carry the same warning we usually issue about trading weekly contracts at the end of the week. We are still quite intrigued with the possibilities for the following ranges of contracts in these two plays over the next several sessions:

H&R Block, Inc. HRB – 06/17 $21-23 Calls

Global Blood Therapeutics,Inc. GBT – 06/17 $20-30 Calls


Extended Watchlist:
CCAN, AGTK, IMLE, GNK, CJES, ONVO, OXGN