Blue Horseshoe Stocks: More Bottom Plays

Motif Bio plc MTFB – Bottom-Watch Play

With not a lot happening on the premarket earnings front this morning, we are looking elsewhere for potential opportunities. We’re interested in the current setup on MTFB, which from the current are, seems far more likely to see a big increase than a big decrease at the present time.

There is an absolutely massive gap to the upside on the chart as you can see. Should it move to fill that gap once again, we could be looking at a significant chance for gains here.


Liquidia Tech, Inc. LQDA

We also want to point out the prime bottom setup on LQDA, which was a $20 stock just a month ago. Now trading at half that amount, there is a gap on the chart that needs to be filled here as well and all indicators are pointing to a strong possibility of that happening sooner rather than later.

We will reserve a space on our radar for this play over the next several sessions. LQDA could very easily return to the $15-level relatively soon without a problem.


Extended Watchlist:
TKC, BLIN, TLGT, TKC, CLSD, RUHN, LGCY, TEUM, JAGX, TYHT

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: Earnings-Related Options Ideas

Earnings-Related Options Ideas

We’ve uncharacteristically neglected the options trading arena a bit this week, so this morning we’re going to start off by signaling a range of Calls in the chains of a couple stocks whose earnings have just been released.

Tesla Motors Corp. TSLA – Despite a miss on earnings released yesterday post-market, we’re seeing TSLA rebounding from its week-long slide in premarket trading this morning.

We’ll go ahead and formulate a conditional idea to correspond to the situation. Stipulating that the stock can hold support above the current 200DMA (225.98) on any pullbacks following the opening bell and break back above the 50DMA, we’re going to be monitoring the activity in TSLA Weekly $225-230 Calls for the possibility of some nice intraday upswing action.

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Alibaba Group Holding Ltd. BABA – In early trading BABA is gapping up after an earnings beat this morning which included a 39% boost in Q4 revs, and a 42% monthly rise in active usership via mobile platforms.

We’re going to signal a range of short-term calls for this play as well, zeroing in on the BABA Weekly $77-81 Calls for potential quick-strike trades.


Pot Stocks on Watch Again

There has been a lot of ebb and flow to general interest in cannabis plays, and it appears that we’re heading into another hot zone. We keep a continual watch over the entire sector, and there has been rising activity in many of the pot stocks that we track routinely.

The usual suspects to which we are referring are GRNH, MJNA, CBIS, TRTC, & CANV. We’ll be sure to keep each of them on closer watch in the sessions ahead.


Added Note:

xG Technology, Inc. XGTI, which we tracked from a low of .08 late last month and have been mentioning all this week, is seeing another early push today in the wake of some patent news(>>View PR) . Reserve a slot on your radars as the stock has reached a new high of .18 in the premarket today.


Extended Watchlist:
PBR, CHK, LGCY, NHMD(Momentum Mover)