Blue Horseshoe Stocks: Solid Runners

SOLID RUNNERS

We tagged both INSY and HSGX in yesterday morning’s premarket report, and both stocks produced admirable runs on the day. 

INSYS Therapeutics, Inc. INSY just registered its lowest price ever earlier this week, and we thought it would be worth it to track as a potential bottom-bounce play. The return was instantaneous. INSY opened at a low of .32 before running as high as .74, which marks an intraday pop of 131%

There is still a huge gap to the topside on the chart, so we’ll definitely continue to monitor the activity on INSY in the days and weeks ahead.
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Histogenics Corp. HSGX was also a solid mover for us on the day yesterday. This stock has traded mostly flat for the whole of 2019 so far, but it looks like we tagged it as a bottom play at an opportune moment.

From a low of .24 it reached .32 for a respectable 33% gain, but this could just be the beginning. We’ll want to continue tracking this play as well.

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FRESH OPTIONS IDEAS: 
Lululemon Athletica LULU Weekly $177.50-182.50 Calls
Duluth Holdings, Inc. DLTH  08/16 $15-17.50 Calls
RH, Inc. RH Weekly $120-118 Puts 


Extended Watchlist:
SMRT, LTBR, NAKD, AMR, ADT, RRGB, YUMA

Blue Horseshoe Stocks: Options Updates

MGM Resorts International Inc. MGM

On Monday morning, we issued a Form-4 alert on MGM after witnessing more than $75M in insider buying at a bottom pour in over the course of the previous three sessions.

We can usually have a fairly high rate of confidence that a stock in this situation will produce a rebound, and so far that’s just what we’ve seen. We signaled the MGM 08/16 $28-30 Calls for tracking, and so far, we’ve seen some pretty nice moves.

$28 Calls – Range: 1.09-1.80 – Max Gain: 65%
$29 Calls – Range: .96-1.32 – Max Gain: 38%
$30 Calls – Range: .68-.95 – Max Gain: 40%

There is plenty of time to continue to look after this idea, which could certainly produce further gains from this point forward.
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Turtle Beach Corp. HEAR

We also added a pair of options contracts to watch in the HEAR chain last Thursday, and while we also have plenty of time to realize added gains in this case as well, the early performance out of these has been noteworthy, especially the $15′s which have already recorded a multi-bag move.

HEAR 10/18 $12.50-15 Calls.
$12.50 Calls – Range: .60-.90 – Max Gain: 50%
$15 Calls – Range: .20-.50 – Max Gain: 150%
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FRESH OPTIONS IDEA: 
Dave & Busters Entertainment Inc. PLAY  07/26 $40-45 Calls 


Ocular Therapeutix, Inc. OCUL – Recap

We also wanted to quickly mention the performance of OCUL since we alerted on the stock last month. It has produced quite a dip and rip since that time, touching a low of 2.38 before running as high as 4.08. That marks a total possible gain of 71% in a span of just over three weeks.



Extended Watchlist:
NETS, TBLT, JILL, HSGX, FBIO, RIOT, INSY(Bottom-bouncer)

Blue Horseshoe Stocks: MIK Options & More

SPDR S&P500 ETF (SPY) – Recap

We went bullish on the SPY in our premarket report yesterday, and thanks to two distinct intraday pushes for the markets, there were opportunities across the board for our highlighted contracts throughout the session.

Those targets were the daily SPY 03/18 $281-282 Calls, and we saw significant moves from all three. The $281.50 Calls traded in a range from .34-1.06 for an overall upswing of 212% while the $282′s traded up from .15 to .58, a gain of 287% (We mistakenly lost exact data for the $281 calls, but the gain opportunities were very similar to those of the other two strike points.) 


The Michaels Companies, Inc. MIK

We also want to signal a set of contracts on MIK, which was the one listing on this morning’s earnings calendar that jumped out to us the most. Michaels posted an earnings beat, but also happens to be trading near its annual lows.

We’re going to approach this like we would any other play with bottom-bouncer written all over it, by signaling some longer-term calls to give ourselves some extra time to see the recovery play out. We’re going to radar the MIK 04/18 $12.50 Calls and monitor their activity in the days and weeks ahead.
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Bonus Idea:
STNE 04/18 $37.50-39 Calls


Extended Watchlist:
FPAY, CPST, INSY, TROX, CPST, NCTY, SDRL, CREG, LGCY, AKER, PIR

Blue Horseshoe Stocks: Bottom Watch Plays

Inspired Entertainment Inc. INSE

The markets had a really rough go of things on Friday which caused problems for many, if not most, stocks. INSE was among those few that managed to buck the trend, as the stock continued to exhibit bottom-bounce characteristics. That’s why we wanted to place INSE on recovery watch, just on the heels of its quarterly report.

The overseas virtual sports gaming company relayed considerable revenue growth for the period, while outlining its intent to penetrate further into the North American markets. INSE is going to be an interesting play to watch into the New Year, as it already received positive feedback from a trial run with the Pennsylvania lottery.


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InSys Therapeutics, Inc. INSY

Speaking of bottom plays, the similarly-designated INSY also just caught our eye this morning with an attractive bottom-play setup in the works.

As you can see from the included snapshot of this one, the stock is quite oversold, and has established a fairly solid level of support from which a considerable rebound may be possible.


Extended Watchlist:
SGSI, QCOM, XPER, VLRX, CLDX, LEVP, APHA, NTRI

Blue Horseshoe Stocks: TLRY, DCTH Updates & More

Tilray, Inc. TLRY – Update

We’ve been tracking TLRY since last Tuesday, and in that time not only has the stock made an incredible move, (87.50 to nearly $260 in premarket trading today: +165% ) but the options we signaled at the time, the TLRY 09/21 $91-93 Calls, have also made huge gains.

Here are the updated ranges on the options contracts, but please note that all of these will almost certainly be trading over $100 after TLRY’s eye popping premarket increases this morning:

$91 Calls – Range: 6.43-58.23 – Max Gain: 805%
$92 Calls – Range: 5.51-57.50 – Max Gain: 944%
$93 Calls – Range: 5.23-60.00 – Max Gain: 1047%

Because TLRY is a cannabis stock and is drawing a ton of attention to the space right now, and because we are heading into the hottest time of the year for cannabis stocks we are, as always, keeping a close eye on the pot sector.

Cronos Group, Inc. CRON is one other play from that space which has also showed some interesting trading activity. We began watching it a couple weeks ago, and despite some pullback, the stock regained all that ground and is currently testing resistance at 13.39. A break of that price should make things much more interesting for CRON.

Several other cannabis related plays to keep an eye on, but by no means an exhaustive list:

NXTTF, MYMMF, APHQF, RVVTF, TBPMF, SPRWF, INSY, AGTK, ACBFF, CANN, NGTF, MSRT, POTN, PNTV, CNBX, OWCP, GCAN



Delcath Systems, Inc. DCTH

We also want to swing back around for an update on another hot stock we recently signaled interest in, with DTCH. We slotted this play into our watchlist roughly three weeks ago on August 28th as the stock was trading as low as 1.76. It has since reached a new high of 5.60, which works out to an increase of 218%
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More Quick Updates: Both of the stocks we mentioned in yesterday’s report also set new highs. Here are those highs, along with the total possible gains that they’ve provided since our next most recent alerts on these plays:

New Age Beverage Holdings, Inc. NBEV
1.50-3.40 (+127%)

Aurora Cannabis, Inc. ACBFF
4.04-8.92 (+121%)

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