Tag: IPWR

Blue Horseshoe Stocks: TVIX Update & More

VelocityShares Daily 2X VIX ST ETN (TVIX)

As we’re sure everyone is aware, we’ve seen the biggest two-day downturn for the markets in history. Luckily, we had already added TVIX to our watchlist in our report on the morning of January 30th.

We began tracking this fund, which trades inversely to the market as a whole, and subsequently observed a low of 5.50. With the market bloodbath yesterday, the TVIX was pushed to a new high of 14.77.

That landed our total possible gain on this play at 169% but that figure has grown even further as a new high of 20.30 was registered in premarket trading this morning putting our total observed range on the TVIX at 269% over a span of just a few sessions.

Lumentum Holdings Inc. LITE

We’re also seeing a stock that is bucking the trend this morning. Even as it appears we’re headed for another down day in general, LITE is gapping up in the market after having recently bounced off of its lowest PPS since last May.

We’re actually going to go bullish on this one, and signal the LITE Weekly $44-46 Calls for observation.

Quotient Ltd. QTNT

Speaking of bounceplays, QTNT is looking interesting as well. We wanted to quickly make note of this. As you can see on the chart snapshot included below, it saw some surprising activity yesterday but came back to settle below 3.00, with the MACD on the cusp of a bullish cross and the RSI giving off a heavily oversold signal.

We’ll keep an peeled here as well, for another possible bucking of the ominous trend currently underway for the markets at large.

Extended Watchlist:
ZIOP, IPWR, TENX

Blue Horseshoe Stocks: NKE Review & More

NIKE, Inc. NKE – Options Update

Yesterday we brought a grouping of NKE options ideas to the table following a post-market options beat the previous day.

Despite the slow market conditions that are to be expected of a week leading into the year-end holidays, we felt that NKE was set to provide some opportunities, and we weren’t disappointed.

Our targets for “daytrades and/or swing trades” were the NKE Weekly $52.50-54 Calls and it appears as if both notions will turn out to be correct, with the stock looking like it could post another strong session today. As for the daytrades that were possible yesterday, we saw the most notable moves out of three sets of contracts in our highlighted range:

$52.50 Calls – Range: .15-.38 – Max Gain: 153%
$53 Calls – Range: .07-.21 – Max Gain: 200%
$29 Calls – Range: .03-.09 – Max Gain: 200%

ERF Wireless, Inc. ERFB

We want to provide a quick update on ERFB this morning, which we highlighted in last Friday’s premarket repot.  The stock saw a subsequent low of .0013 following that alert, and as of yesterday it had pushed as high as .0079.

That worked out to a 508% intraweek move up, so we want to say congrats to anyone who took this subpenny popper for a ride on the heels of last week’s tag.

Potential Bottom-Plays

We found a pair of stocks this morning that are both trading near their relative bottoms, with strong indications of impending rebounds on both of the charts.

Imprimis Pharmaceuticals, Inc. IMMY
& Ideal Power, Inc. IPWR

In addition to a ripe-looking chart, IMMY has seen some insider buying of late. A recent Form-4 filing revealed a significant buy ($280K) from CEO Mark Baum, who, coincidentally enough, also serves on the board of IPWR. We’re going to keep both of these stocks on recovery watch in the days and weeks ahead.

Fresh Options Idea:  MU Weekly $22-23.50 Calls

Extended Watchlist:
INAP, TKAI, RGSE, ANY, HTBX, SYRX