Blue Horseshoe Stocks: IDXG Keeps Rolling & More

Interpace Diagnostics Group, Inc. IDXG

Yesterday morning, we were mentioning our call of IDXG from last Thursday, and subsequent run from a low of .72 to more than a dollar. It had reached a new high at 1.28 in the premarket and we said we wanted to see it register higher highs and higher lows en route to a more sustained rebound.

So far we’ve gotten just what we were looking for from IDXG, with the stock posting an intraday run of 24% from 1.17-1.54 for yesterday’s session. It pushed the overall move we’ve observed in under a week’s worth of trading into double-bag territory, having risen 114% thus far.

It was helped along by yesterday’s announcement that a large healthcare provider would be covering the company’s thyroid cancer screening tests, which is now covered for up to 250 million Americans. We’ll continue to keep a spot on our radars for IDXG, which was trading over the $2-mark as recently as May.


Alibaba Group Holding Ltd - Options Idea

Shares of BABA are streaking to new highs this morning as the company posted a solid beat on profits and revenue in its premarket earnings report.

The last time we visited an idea in the BABA chain was back on June 8th, when we signaled $140-145 Calls and saw them register single-session gains ranging from 1167-3160% so we are definitely familiar with what can happen in an ideal situation.

Today, given the fact of another similar scenario where earnings lead to a large gap up into blue skies, we’re going to be tracking contracts in the range of the BABA Weekly $162.50-170 Calls.


Extended Watchlist:
BTSC, BTCS, GAHC, IDDR, SDLP, GST, SSI

Blue Horseshoe Stocks: IDXG Recap & More

Interpace Diagnostics Group, Inc. IDXG

Prior to yesterday morning’s report, we last mentioned IDXG last Thursday, and the stock has made quite a nice upswing from between then and now. We witnessed a low of .72 in IDXG subsequent to our alert last week. Yesterday’s session carried the stock from .8825-1.13, for an intraday push of 28% and a total move off of last week’s lows amounting to 57%

This morning in premarket trading IDXG reached yet another new high at 1.28 extending our total observed range in under a week to 78% We’ll look for IDXG to continue to register higher highs and higher lows and put together a more sustained rebound.


 Urban Outfitters- Options Idea

It’s been over a year since our last options idea for the URBN chain, which incidentally yielded multi-bag profit opportunities.

We’re going to come back to URBN this morning on the heels of the company’s post-market earnings report,the effects of which have boosted the stock considerably here in the premarket.

We’re going to play it the way we normally do in these instances where an earnings beat causes a rapid gap-up, and be on the lookout for a dip-and-rip pattern. We’ll be tracking the activity in the URBN Weekly $19-20.50 Calls.


Extended Watchlist:
RADA, PSTI, DXTR, IMMY, BITCF, BTSC, BSTC, GAHC, ZRZH

Blue Horseshoe Stocks: TTOO Recap & More

T2 Biosystems, Inc. TTOO – Recap

We tagged TTOO as a bottom play just under a month ago in our report dated July 18th, as the stock was undergoing a lengthy period of consolidation. It subsequently found support at 2.53 shortly thereafter, and since that point in time, it has seen a solid recovery off of those lows.

Yesterday, TTOO reached a new high of 4.07, its best PPS all summer long. It worked out to a very respectable 61% upswing over our observed low, and indicators on the chart suggest there is still room for more rapid short term growth, so we’ll continue to keep an eye on this play moving forward.


 SPDR S&P 500 ETF Trust (SPY) – Options Update

The markets ended up rebounding yesterday, leading us to note our interest in tracking the SPY Weekly $244.50-246 Calls in the event that the premarket trend we were noticing continued into the session. That’s what happened, and as a result our highlighted contracts made some really nice intraday moves.

$244.50 Calls – Range: 1.54-2.53 – Max Gain: 1180%
$245 Calls – Range: 1.18-2.05  – Max Gain: 1280%
$245.50 Calls – Range: .83-1.68 – Max Gain: 1225%
$246 Calls – Range: .54-1.30 – Max Gain: 1864%

The possibility of a sustained rally for the markets will lead us to roll up our potential strike prices in the SPY chain up to the $247 and $247.50 Calls to potentially keep this idea rolling.


Zerez Holdings Corp. ZRZH

We first caught wind of ZRZH last year, and it was good to us back then. We want to revisit the stock once again today for a couple reasons.

Not only is ZRZH in a relatively good place on the chart from which to launch a possible rebound, but yesterday the company presented some impressive quarter-over-quarter revenue growth. For those reasons, we want to place this stock on watch this week, a rebound to its previous area of fierce resistance at a nickel would mean considerable gain opportunities from present pricing.

SACRAMENTO, Calif., Aug. 14, 2017 /PRNewswire/ — Zerez Holdings Corporation, (OTC PINK: ZRZH), DBA Smart Cannabis, http://smartcannabis.com today filed its second quarter 2017 quarterly reports with OTCMARKETS. The company reported $2,041,557 in gross revenue, about a 275% increase over first quarter revenues of $544,467 (>>View Full PR)


Extended Watchlist:
AMRS, HMNY, EXTR, DSLV, IDXG, FRSX, FPP

Blue Horseshoe Stocks: Bottom-Plays & More

DISH Network Corp DISH

There’s a possible bottom-bounce opportunity brewing with DISH, with the stock posting its first bullish session after a string of five consecutive days of getting beaten to a pulp.

We want to signal a range of September calls that would stand to make considerable moves if the stock can mount an extended recovery. We like the volatility that DISH provides, and will be looking for it to test the 200DMA (61.38) while  tracking the DISH 09/08 $60-62.50 Calls over the days and weeks ahead.  .


Snap, Inc. SNAP

This is another stock that’s gotten beaten up recently, but instead of a handful of sessions, SNAP has been under consolidation for more than two months. In fact, the vast majority of the time since its IPO has been spent on the backslide.   It only recently began to record higher lows off of its newly established all-time low, and indicators on the chart suggest that a more convincing rebound could be in the cards.

We’ll want to pay close attention to the company’s post-market earnings call this afternoon, which could be a turning point in the early history of this relatively new stock.


Post-Earnings Gappers

We’re seeing premarket gap-ups for all three of the following stocks. We’re going to issue some options ideas for each chain to watch for day trades and or swing trades into tomorrow, depending on the activity we observe.  

Macy’s, Inc. M – Weekly $22-24 Calls
Perrigo Co. plc PRGO – Weekly $73-75 Calls
Canada Goose Holdings, Inc. GOOS – Weekly $19-20.50 Calls


Extended Watchlist:
DPW, XXII, HDSN, RADA, IDXG

Blue Horseshoe Stocks: MBRX Update & More

Lumber Liquidators Holdings Inc. LL
LL is gapping up heavily in the premarket this morning, and we want to look to take advantage of the increased volatility.

With the stock trading up into the $30-range, we’re going to be looking for a possible dip and rip setup as the session kicks off. We’ll look for LL to come down off these premarket highs before ramping back up, and our targets are going to be the LL Weekly $27.50-29.50 Calls.


Moleculin Biotech, Inc. MBRX

A lot of our regular readers will remember the excellent run we witnessed in MBRX not too long ago, after signaling interest in the stock back on the morning of June 21st. It went on to run from .96 all the way up to 3.75, which was followed by a precipitous decline back to the 1.30′s.

We re-alerted on MBRX on July 18th as it began to cycle up for another run, and the upswing it has put together over the past couple of weeks has been nearly as impressive as the first major run. The stock has run from 1.83 back up to the 3.00-mark yesterday, so we’re really going to want to be on the lookout for it to test that previous swing high if it can continue on its bullish pattern.


Extended Watchlist:
S, HUSA, CBMX, SKLN, IDXG, GOGL