Blue Horseshoe Stocks: New Options Ideas & More

Teva Pharmaceutical Industries Ltd. TEVA

We’re very interested in TEVA as a potential bottom bounce play. The stock registered new 52-week lows midway through last week, and has exhibited a solid level of support. Trending up slightly in the premarket, we’re going to be tracking a pair of June options contracts to coincide with what could easily be a significant rebound.

Our specific targets are going to be the TEVA 06/28 $12.50 & $13 Calls, which could present us with sizable opportunities to profit
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Sprint Corp. S

We’re also going to set our sights on a range of Sprint options as the company attempts to gain FCC and DOJ approval on its $26B proposed merger with T-Mobile. The review period ends in June, but we’re more interested in the short term capability of the stock to provide us with quick strike chances. We’re going to radar the S Weekly $7-8 Calls.


Adverum Biotechnologies, Inc. ADVM – Review

A stock we recently began tracking, ADVM has been in a fairly continual uptrend since we signaled it for observation on the morning of April 17th. In the last month, the stock has made considerable bullish strides.

From the low we observed on the day of our initial alert, at 5.44, ADVM has gone on to record a high of 9.17. That comes out to an increase of 69%


Extended Watchlist:
TOPS, GERN, GMO, AMRH, TRQ, CREX, FUN, ICON, SQQQ, TMUS, INDY

Blue Horseshoe Stocks: Bottom Watchlist & More

AVEO Pharma Inc. AVEO
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Last Monday the 25thwas the day that we began tracking AVEO as a potential bottom bounce play, and in that short span, we have seen some nice progress to that end.

The stock began to move the morning of our initial alert, and yesterday received a big boost, finishing as the #1 gainer on the NASDAQ for the day. Thus far we have seen AVEO run from a low of .55 on March 25th, to yesterday’s new high of 1.85. That works out to a seven-session upswing of 236%


RIOT Blockchain, Inc. RIOT

We also tagged RIOT for observation back on February 20th, and subsequently witnessed a low of 2.85. The run it has gone on with the help of Bitcoin’s resurgence to the $5K neighborhood, was solid. RIOT itself saw a push to a high of 5.15 this week, marking a positive change of 81% since our last mention.


Bottom Watchlist

We also want to highlight both comScore, Inc. SCOR, and Mr. Cooper Group Inc. COOP as potential bottom plays. Both stocks are giving off extreme oversold signals, while trading near their annual lows. We’ll want to keep these on watch for possible recoveries.
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Options Idea: PLAY Weekly $53-54.50 Calls


Extended Watchlist:
ICON, ACHN, MGI, NDRA, ASX, CHFS, TTPH, JMU, SCYX,

Blue Horseshoe Stocks: Fresh Options Ideas & More

OPTIONS UPDATES

Activision Blizzard. Inc. ATVI – To follow up with our idea from Wednesday morning in our premarket report, the ATVI Weekly $42-43.50 Calls, we wanted to provide one more update after another big move from the stock pushed our highlighted targets to new highs yesterday, and registered a really impressive two-day swing.

The following moves are the overall increases from the lows we observed on Wednesday: 

$42 Calls - 1.32-4.50 (+241%)
$42.50 Calls - .98-4.00 (+308%)
$43 Calls - .70-3.50 (+400%)
$43.50 Calls -  .44-3.05 (+593%)

Today, we are going to turn our attention to a slightly higher strike area, the ATVI Weekly $44.50-46 Calls*.
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AstraZeneca plc AZN – The AZN Weekly $38-39.50 Calls  were on our radar yesterday morning as our fresh options idea, and despite the lower end of that range being pushed too far in the money, we still saw some solid moves out of the $39′s and $39.50′s.

The $39′s ran from .55-.90 for a gain of 64%, while the $39.50′s cruised from a low of .19 to hit .55; a big-time intraday pop of 189%  We want to continue to watching this chain as well, with the 39.50′s, and also rolling up to include the $40 and $40.50′s*.
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FRESH IDEAS:

SPY Weekly $274.50-276 Calls*
CGC Weekly $46.50-48 Calls*
EA Weekly $107-109 Calls*
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*Trading Weekly contracts on Friday should not be attempted unless you are an expert level trader with disposable funds.


Invacare Corp. IVC – Recap

Also appearing in yesterday’s report, was IVC, which we tagged in our extended watchlist. The stock made a good move on the day, which warrants further observation in coming sessions.

From a low of 7.21 IVC reached 9.54, which was good for an intraday rise of 32% which made it the second highest gainer on the NASDAQ for Thursday. We’ll continue to monitor this one as well.


Extended Watchlist:
ARSN, CBAY, SLDB, ICON, NGL, ADMA

Blue Horseshoe Stocks: RARX Review & More

Ra Pharmaceuticals. Inc. RARX

It was the morning of December 12th that we most recently highlighted RARX, and it is one stock that has weathered the ups and downs of the past few weeks quite well. In fact, subsequent to that report, we’ve observed a run from a low of 15.23, up as high as 22.15. That amounts to a run of 45% which is highly respectable for a $15+ stock over a short time span.

That high also represented a new 52-week high for the stock, which is especially impressive when you consider that most stocks out there are just now coming off of recently established annual lows. We’ll be highly interested to see if RARX can continue to push its upper limits.

For what it’s worth, our first-ever mention of RARX came last February, when it was trading at less than $6/share.


Petroleo Brasileiro SA (Petrobras) PBR

We’ve got a long history with PBR options that stretches back years, as you can see in our PBR Archive. Like a lot of other stocks we’re seeing, PBR is coming off of recent relative lows, and has gained a quick boost from the loosening pressure on the markets over the past week.

PBR has breached its 50-day moving average in the premarket, and we want to line up a pair of quick-strike options trading possibilities to correspond with this volatile activity. We’ll be watching the PBR Weekly $14 & 14.50 Calls.


Extended Watchlist:
ICON, SBS, MYSZ, NVCN, APDN, BTAI, VLRX, IMMR

Blue Horseshoe Stocks: SGSI Update

Spectrum Global Solutions, Inc. SGSI – Update

We’ve been tracking SGSI closely, and wanted to highlight the news the company issued on Friday morning pertaining to an appearance at an upcoming high profile conference. We also have a video presentation of the current SGSI chart that we strongly suggest our readers take the time to view. 

Spectrum Global Solutions, Inc. (OTCMKT: SGSI), a leading provider of telecommunications engineering and infrastructure services across the United States, Canada, Puerto Rico, Guam and Caribbean, today announced that it will be presenting at the 11th annual LD Micro Main Event. (>>View Full PR)

Did you miss our special report on SGSI last Monday? It’s not too late to check that out and learn why we’re excited to be covering this fast growing company! 

>>View SGSI Report<<


Extended Watchlist:
MARA, ESES, RSLS, DEA, SLS, ICON, RGSE, AKER, JKS