Form-4 Alert & More

Options Review 

We closed out the trading week on Friday morning with some fresh options ideas, namely the SPLK Weekly $134-138 Calls. The moves we observed in those contract sets were highly impressive, with enormous multi-bag runs across the board.

The total possible profits on the table for daytraders were as follows:

$134 CallsRange: 1.79-6.50 – Max Gain: 263%
$135 Calls – Range: 1.15-5.80 – Max Gain: 404%
$136 Calls – Range: .83-5.70  – Max Gain: 586%
$137 Calls – Range: .50-3.70 – Max Gain: 640%
$138 Calls – Range: .26-2.74  – Max Gain: 954%

Cheers to anyone who took advantage of this unbelievable quick-strike opportunity!


Ebix, Inc. EBIX – Form-4 Alert

We caught a Form-4 insider buying alert on EBIX this morning. That’s when we noticed the prime bottom positioning of the chart, complete with a significant gap to the topside. This will be a perfect candidate to identify some longer-term options plays we have interest in tracking.

We’ll be looking at the EBIX 03/20 $30-40 Calls in the days and weeks ahead.


Extended Watchlist:
ANAB, SAML, ATNM, TEVA, ICPT, ZGNX, CYIO, SAML

Blue Horseshoe Stocks: Options Roundup

GW Pharma plc GWPH – Update 

Fresh for our premarket report yesterday morning was a set of short-to-intermediate term options ideas for the GWPH chain, the 03/15 $165-175 Calls.

We’re happy to report that the first day monitoring those plays yielded some solid gain opportunities for savvy traders. We’ll be sure to continue tracking, but for now the single-session gains it produced were as follows:

$165 Calls – Range: 7.40-14.30- – Max Gain: 93%
$170 Calls – Range: 5.80-11.80 – Max Gain: 103%
$175 Calls – Range: 2.50-9.54 – Max Gain: 281%


Etsy, Inc. ETSY – Recap

Tuesday morning, we announced our interest in the ETSY 03/15 $60-65 Calls, and while we saw some good gains out of it that day, we did mention yesterday morning that we would continue to track these ideas.

It was a good thing we reserved that space on our watch screen too, because ETSY followed up on its bullish Tuesday performance, with another solid upswing for Wednesday. The following figures are the overall increases from our observed lows in these contracts from Tuesday, to yesterday’s new highs.

$60 Calls – Range: 6.39-12.30 – Max Gain: 94%
$65 Calls – Range: 3.49-7.81 – Max Gain: 124%
_____

Lowes Companies, Inc. LOW

We also had the LOW Weekly $108-110 Calls on watch from yesterday morning‘s report and those fared quite well also.

$108 Calls – Range: .30-1.01 – Max Gain: 237%
$109 Calls – Range: .21-.50 – Max Gain: 138%
$110 Calls – Range: .08-.28 – Max Gain: 312%


Extended Watchlist:
JCP, RKDA, PCRX, VERU, ICPT, TTI

Blue Horseshoe Stocks: Options, Bottom Bouncer & More

Galectin Therapeutics, Inc. GALT

This morning we’re taking a look back at GALT, which we highlighted as a ripening play that we felt was worthy of observation last month.

Our suspicion that the chart had growth in store turned out to be correct. Since we put this play on our radar it has gone on to trade in a solid range from .935 to 1.29, which works out to an increase of 38%

We feel these gains are sustainable if GALT can manage to crack past the current 200DMA at 1.32. As you can see on the included snapshot, the chart continues to bear the look of potential for even further increases, so we’ll stay on the lookout for that.


Whole Foods Market, Inc. WFM

WFM is showing some nice volatility and positive price action despite a fairly uninteresting earnings release this week.

We like to follow the activity regardless, and today it’s leading us to focus on some WFM options. Rather than selecting weekly options that will expire this afternoon, we’ll go out to contracts that expire next Friday; the WFM 02/17 $30 & $30.50 Calls.


NantKwest, Inc. NK – Bottom-Bouncer

The NK chart gave off a pretty good bottom-bounce signal yesterday and the day before, so we’ll be interested in tracking the action in this play over the next several sessions on the chance that it can string together a multi-session uptrend.

From the chart below, it’s easy to see why we feel NK could be ripe for the picking. The RSI is increasing, while the MACD is a hair’s breath away from a bullish cross that generally indicates some significant move to the upside is in the stock’s near future. We’ll have our eyes peeled for that.


Extended Watchlist:
MYHI, ICNB, INCC, SPDL, UAMM, ICPT