Blue Horseshoe Stocks: Options Success & More

Options Success

Netflix, Inc. NFLX – Options  -We signaled a range of options contracts on NFLX in yesterday’s premarket report, citing the earnings beat of the previous afternoon. We specifically mentioned that we were looking out for a dip-and-rip formation on the chart and the stock produced a classic example of such. NFLX’s big day, which ultimately facilitated those multi-bag profit opportunities, was fueled by an impressive 5 million new subscribers to the Netflix streaming service.

Right out of the gate, it dipped briefly to the high $175 area before going on an hours-long bullish push to the upper $184′s. That activity led to some really nice gains in our highlighted options, the NFLX Weekly $172.50-180 Calls:

$172.50 Calls – Range: 3.80-12.75 – Max Gain: 236%
$175 Calls – Range: 2.50-10.50 – Max Gain: 320%
$177.50 Calls – Range: 1.40-8.30– Max Gain: 493%
$180 Calls – Range: .85-6.42 – Max Gain: 655%

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Nutanix, Inc. NTNX – We also want to circle back to recap the moves made by an options idea we included in Friday morning’s report. NTNX continued to climb yesterday, and so the NTNX 7/21 $20-25 Calls we signaled have turned up some really nice moves.

$20 Calls – Range: 1.65-3.90 – Max Gain: 136%
$22.50 Calls – Range: .40-1.56 – Max Gain: 290%
$25 Calls – Range: .05-.28 – Max Gain: 460%


Yesterday’s Movers

We also had a number of the stocks that we highlighted in yesterday’s report yield chances for solid gains, and of them gave us a reason to look out for further moves:

Caprico Therapeutics, Inc. CAPR - The biggest gainer of the day from our mentions and on the NASDAQ itself, CAPR traded in a range from a low of .901, on up to a high of 1.62. That worked out to an 80% rip, and it came on an incredible 291X the monthly average volume.

The huge session was catalyzed by the announcement that the FDA has granted Rare Pediatric Disease Designation to CAP-1002, Capricor’s development candidate for the treatment of Duchenne muscular dystrophy. (>>View PR)
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Marijuana Company of America, Inc. MCOA - There was a nice move in MCOA as the stock traded up 38% from .02685-.037 on close to five times its monthly average volume, and the table may be set for a continuation of the trend with a new PR hitting the wires this morning.

The company is reporting that it has received the first round of funding for a joint venture to construct a 30,000 sq. ft. greenhouse grow facility in Oroville, Washington. Once completed, the greenhouse facility will accommodate a cannabis production and processing tenant with a Tier 3, I-502 license… (>>View PR)
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Novavax Inc. NVAX - This one recorded a very respectable gain on the day, running steadily from 1.17 up to 1.53, a 31% upswing. More importantly, the stock maintained the vast majority of its daily advance into the close, so we’ll want to continue to track NVAX as well.


Extended Watchlist:
AEZS, ALSK, NCMI, XGTI, LEXG

Blue Horseshoe Stocks: SNAP Review, New Ideas

Snap, Inc. SNAP – Options Update

We correctly called the bounce on SNAP in our premarket report on Friday and signaled a couple of contracts for observation, the SNAP 6/16 $18 & 19 Calls.

After those made intraday moves of 69% and 93% respectively to close out the week, we rehashed them in yesterday’s report along with mentioning that rolling up to the $20-level was something to consider, given the activity we were observing.

Not only did the $18′s and $19′s extend their gains, but the $20′s got in on the fun as well:

06/16 $18 Calls – Intraday Range: 2.00-3.10 (+55%) – 2-Day Swing: 163%
06/16 $19 Calls – Intraday Range: 1.38-2.34 (+70%)  – 2-Day Swing: 212%
06/16 $20 Calls - Intraday Range: .85-1.65 – Max Gain: 94%

With SNAP gapping up in the premarket once again, we expect to see these ranges extended even further today. Cheers to anyone who grabbed a piece of the action!

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Weibo Corp. WB – Fresh Idea

To try to continue along with our options success, we’re looking at the Chinese social media network Weibo and its earnings beat this morning.

The stock has already been breaking out and it appears as if today’s earnings figures could propel it to even more gains over the short term, so we’re going to be looking at the WB Weekly $67.50-70 Calls.


Lithium Exploration Group, Inc. LEXG

It was only yesterday morning in our premarket report that we were encouraging our readers to get involved with our daily in-session trader’s chatroom*. Sure enough, more proof of why we periodically remind our subscribers of these daily Skype chats came to us in the form of LEXG.

As you can see from the screen snap below, it was just after 10am when we alerted our members to movement in the stock, and it subsequently ran from .0009 to .002, which represents an intraday rip of 122%

We always find winners to put here in our premarket reports, but to catch even more opportunities on the fly as they come up after the open, our trader’s chats are the way to go.

*Do you subscribe to our mailing list? If so, you’re eligible to participate and/or observe our daily trader’s chats via Skype. Simply send a contact request to username ‘stocksumo’ and we’ll take care of the rest.


Extended Watchlist:
CADC, EKSO, SGMO, TEUM, PGPM, XGTI,

Blue Horseshoe Stocks: Options Recap & More

Seagate Technologies plc. STX – Options Recap

Although it would end up reversing and heading lower as the day progressed, STX did ride the bullish wave off of its healthy earnings beat for a solid upswing inside the first hour of trading yesterday.

That did facilitate a window of opportunity on the options contracts we were tracking, the STX Weekly $41-43.50 Calls. Traders who were quick on the draw yesterday morning could have taken away a piece of the following moves:

$41 Calls – Range: 1.78-5.28 – Max Gain: 196%
$41.50 Calls – Range: 2.00-4.48 – Max Gain: 124%
$42 Calls – Range: 1.99-4.50 – Max Gain: 126%
$42.50 Calls – Range: 2.11-3.45 – Max Gain: 63%
$43 Calls – Range:  .86-3.00 – Max Gain: 249%
$43.50 Calls – Range: .78-2.77 – Max Gain: 255%

We did signal our hunch that there would be a reversal in-session and a corresponding idea for the Weekly $46 Puts in our live traders chat, and those ended up doing quite well also, subsequently running from .60-3.29 (+448%) as STX continued to consolidate into the close.

It’s another example of why we urge any of our readers that want to get in on our daily traders chats to get a Skype contact request over to username ‘stocksumo’. That’s all it takes, and you can stay up to the minute on changing ideas throughout the day, and submit some of your own!


Avinger, Inc. AVGR

The current situation with the AVGR chart has caught our eye this midweek as the stock reversed course this week after a steep and rapid decline. We’re seeing increased activity in the premarket and AVGR has pushed its way up regaining much of the ground it has recently lost.

Currently trading around the 3.00 mark, a return to its recent swing high from roughly a month ago would mean gains of up to 50% so we’ll be monitoring AVGR over coming sessions for a possible continuation of the recovery that is presently in effect.


Extended Watchlist:
ALKM, PNTV, RJDG, LEXG, EXAD, EEGI, GNBT,

Blue Horseshoe Stocks: LEXG Run Continues & More

Lithium Exploration Group, Inc. LEXG

LEXG came out a winner once again yesterday, even as we were mentioning how many quality opportunities the stock has brought us in the past, in our morning report.

On big time volume in the neighborhood of 7.5X the monthly average. LEXG broke out to new highs, trading in an impressive daily range from .0044 to .0112, for a 155% rip.

That’s small potatoes, however, compared to the overall move we’ve witnessed since our alert during the week between Christmas and the New Year. At that time the stock saw a low of .0013, which means we’ve seen a monstrous run of 862% out of LEXG in just over three weeks’ time!


Opko Health, Inc. OPK

We’re looking at OPK as a potential bottom-play today from a technical perspective, after noticing several attractive features on the chart.

As you can see from the included snapshot, the chart is currently boasting an enormous gap to the upside, with a recent track record of making volatile swings and gap-fills. Not to mention an oversold indication from the RSI and a rapidly ripening MACD.

Additionally, we’ve got a Form-4 alert for OPK; the CEO picked up a sizable tranche of shares near yesterday’s lows (>>View Filing)

We’re going to want to keep this one on our radar for a possible rebound in the days and weeks ahead.


Extended Watchlist
HWAL, SDVI,  SOUM, SING, RMHB, IDXG

Blue Horseshoe Stocks: Fresh Options Ideas, LEXG & More

Lithium Exploration Group, Inc. LEXG

We’ve been tracking the activity in LEXG for quite a time, and the volatility and price action in this play has provided for us on more than one occasion.

Yesterday was yet another of those occasions, with the stock putting in a solid performance. LEXG traded in a range from .0036-.0045, an intraday move of 25% which came on a little over thrice the monthly average volume.

The moves we’ve seen since putting LEXG on watch in December have been significantly more impressive as well. We saw a low of .0013 around the holidays, putting our overall observed increase in just over three weeks at 246%


Options Ideas

We’ve been so wrapped up in tracking various stocks over the first couple weeks of 2017, that the following will be our first options ideas of the year!

Netflix, Inc. NFLX -  NFLX has been generally trending upward for around two months, hitting new all-time highs this week. Yesterday’s earnings and updates, including the fact that the streaming giant had added a record 7 million new subscribers over the last quarter.

We want to potentially take advantage of a continued run, even if its preceded by a dip-and-rip pattern. As long as it holds support above the $139 mark, we’re going to interested in tracking the NFLX Weekly  $139-143 Calls.

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Tesla Motors, Inc. TSLA – TSLA is another big board stock that has been on a bullish tear of late. The stock has been stacking gains on top of gains over the past 6 weeks.

This morning, it received an upgrade from Morgan Stanley, and we’ll hope to use that added attention to see some more good moves in the stock. Accordingly, we’ll have the TSLA Weekly $240-245 Calls on watch today and tomorrow.


Extended Watchlist
VPRM, CNBX, PPCH, MLCG, XTRN, ANY