IDXG | Blue Horseshoe Stocks

Blue Horseshoe Stocks: KMX Recap & More

CarMax, Inc. KMX

First up this morning, we’re going to start off the fresh trading week by reviewing the performance of the CarMax options we signaled in Friday’s premarket report on the heels of the company’s Q2 earnings beat.

We’re constantly pounding the table on post-earning options trading, simply because we are so very often successful in our selections. Volatility is a swing trader’s best friend, and few things create it more quickly and effectively than a solid beat on earnings.

So we signaled our interest in tracking the KMX Weekly $69.50-71.50 Calls and it worked like a charm:

$69.50 Calls – Range: 1.21-4.96 – Max Gain: 310%
$70 Calls – Range: 1.10-4.40 – Max Gain: 300%
$70.50 Calls – Range: .55-3.78 – Max Gain: 587%
$71 Calls – Range: .35-3.50 – Max Gain: 900%
$71.50 Calls – Range: .30-2.41 – Max Gain: 703%

Helios and Matheson Analytics, Inc. HMNY

We just updated our readers on our coverage of HMNY last Wednesday, when we pointed out that we slated the stock for tracking on August 15th and observed a subsequent low of 2.42. By midweek the stock had already made a considerable move up, but Friday’s session brought another big pop to new highs.

HMNY traded in a daily range from 5.67 to 7.95 gaining 40%, a very respectable intraday move in and of itself. The new high marked an overall move of 229% from our observed low.

Volume was much higher than average all last week, and the stock maintain roughly half of its daily advance into a fairly strong close, so we’ll need to keep monitoring HMNY for the continued establishment of higher highs and higher lows.

Extended Watchlist:
BYOC, ACER, IZEA, RIG, ARDM, INFI, IDXG

Blue Horseshoe Stocks: IDXG Recap & More

Interpace Diagnostics Group, Inc. IDXG

We last talked about IDXG on the 16th of last month. (Please excuse us for being currently unable to provide the link to that report like we normally would, as our primary servers are located in Houston, and our service provider is still recovering in the wake of Hurricane Harvey.) Subsequent to that mention, we observed a low of .72 in IDXG, and the run we’ve seen has been pretty impressive.

Yesterday the stock hit 1.73, which represents a 140% increase, and the stock closed with strength just below its high of day, so we’ll be interested to see if there will be further gains in store. The key for IDXG will be to maintain above the NASDAQ minimum bid requirement of a dollar per share on any pullbacks.

Insmed, Inc. INSM – Options Update

We highlighted our interest in a set of options for INSM in yesterday’s report to try to take advantage of the flux in activity caused by the company’s positive Phase III results on its rare lung disease treatment study.

We saw the beginnings of what could be a good idea that we’ll want to continue tracking in the INSM 09/15 $27-30 Calls. The $27’s we’re the only ones that were pushed into the money, and they did manage an intraday run from a low of .95 to 1.60 for a 68% swing on the day. We’ll continue to keep an eye on these contracts if INSM can manage to record higher lows over the next few sessions.

Extended Watchlist:
VSTM, VYGR, BCRX, PTN, CBIO, IMUN, PLX

Blue Horseshoe Stocks: AMZN Review & More

LiNiu Technology Group, Inc. LINU

Among yesterday’s tracked stocks was LINU, which we signaled after noticing some abnormal volume and price action in the previous session.

While the stock didn’t necessarily break out in a big way, the intraday move it did make was reasonably solid. From a low of 1.79, it ran as high as 2.36 on the day, marking a 32% pop. The move came on 39X the monthly average volume, and the stock did hold more than half of its daily advance into a strong close.

With that kind of momentum built up, we’ll certainly want to let LINU remain on our radar in upcoming sessions and look for the continued establishment of higher highs and higher lows.

General Electric Corp. GE

We like the setup on the current GE chart, which as you can see from the included snapshot below, has been pounded down to new lows this week.

We’re always looking to track the potential recoveries of heavily oversold stocks, and GE is certainly in that category. There’s also a sizable gap from July which needs to be filled, as well as some insider buying being logged near these lows last week.

We’ll put this one on watch for what seems like an inevitable rebound, while signaling a pair of options contracts to add to our radars, the GE 11/17 $26 & $27 Calls.

Amazon.com Inc. AMZN

We also have to swing back around to pat ourselves on the back for our options ideas on AMZN, which we submitted on Monday morning.

We noted that the AMZN 10/06 $965-980 Calls should have some nice moves once the stock saw a reversal, and it turned out to be a good hunch. The $965’s traded from 19.25-27.00 (+40%), the $980’s went from 11.39-20.20 (+77%) and the five contracts in the range in between those two all made similar gains.

AMZN is gapping up in the premarket this morning, so we wouldn’t be surprised to see our overall observed gains increase further.

Dextera Surgical, Inc. DXTR

Starting a couple of weeks ago on the 16th, and then again midway through last week, we’ve been signaling DXTR, which was coming up off of recent relative lows just a few sessions earlier.

We wanted to quickly point out its performance over that span, which started from a low of .26 and has run up to new highs in premarket trading today. It’s thus far hit a high of .43, which works out to a respectable two-week swing of 65%

Extended Watchlist:
IDXG, NXTD, STDY, APRI, MNKD, OTIC