Blue Horseshoe Stocks: CSX Review & More

CSX Corp. CSX – Options Review

We presented our readers with an options idea concerning CSX yesterday morning in the wake of the company’s solid quarterly earnings report, the CSX Weekly $65-67.50 Calls.

What followed was an exceptionally bullish session for the railroad giant, which facilitated some really nice intraday multi-bag gain opportunities.

Not surprisingly, big moves were exhibited by every single contract in our designated range of six sets:

$65 Calls– Range: 1.64-4.00 – Max Gain: 144%
$65.50 Calls – Range: 1.42-3.54 – Max Gain: 149%
$66 Calls – Range: .91-3.00 – Max Gain: 230%
$66.50 Calls
– Range: .64-2.57 – Max Gain: 301%
$67 Calls – Range: .45-2.02 – Max Gain: 349%
$67.50 Calls – Range: .28-1.65 – Max Gain: 489%


 Walgreens Boots Alliance, Inc. WBA – Recap

Also included in our morning report yesterday were the WBA 08/17 $67.50 & $70 Calls, and those too enjoyed some notable intraday gains for the session.

Despite selecting calls with August expiration, the payoff to this idea was all but instantaneous, with each of our two ideas logging significant intraday runs to the upside. The $67.50′s traded in a range from .93 to 1.45, a gains of 133% while the $70′s went from .40-.65, which works out to a gain of 63%
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Fresh Ideas -  We’ll keep the options train rolling with another pair of fresh ideas this morning:

We’ll track the activity in the EBAY Weekly $36-34.50 Puts after the company fell short on Q2 revs, along with the SPDRA S&P 500 ETF (SPY) 07/23 280.50-281.50 Calls for an idea to watch into next week.


Extended Watchlist:
TCP, DM, RCON, LODE, AVEO, CEI, ACIU

Blue Horseshoe Stocks: HEAR Recap, Bottom Play & More

Turtle Beach Corp. HEAR

We do our best to keep up with all of the stocks we mention in our daily premarket reports, and this morning, we want to swing back to HEAR, which we were signaling for observation back on April 9-10th. Shortly thereafter, the stock traded for as little as 2.76, before beginning a steady month-long bull run.

Yesterday, HEAR attained a new high of 7.48, marking an excellent move up of 171% inside of the past month! Cheers go out to anyone who might’ve been able to take advantage of this very fine call.


Vista Outdoor, Inc. VSTO

We ran across VTO on our routine morning scan today, and want to include it as a high-potential bottom watch play. Whenever we see a stock this beaten back, and so egregiously oversold, we immediately go into rebound watch mode.

To help us take advantage of a possible recovery, which is overdue at this point, we’re going to want to signal an options idea to keep watch over in the days and/or weeks ahead- the VSTO 08/17 $15 Calls.


Extended Watchlist:
UURAF, LODE, PI, RKDA, BLNK, NIHD, FCRE

Blue Horseshoe Stocks: OPK, CAT & More

Opko Health, Inc. OPK

We’re going to start things off this morning by highlighting a potential bottom-bounce play in OPK which is presently boasting a ripening chart setup.

Not only that, but we’ve got a Form-4 alert on this one as well, with CEO Phillip Frost purchasing 100,000 shares yesterday at 4.89. We generally take insider buying at a bottom, especially a strong double bottom like OPK is exhibiting, as a sign that a more sustained recovery could be on the way.

We’ll place this stock on watch in the days and weeks ahead as well as keep an eye on an options idea, the OPK 03/02 $5-6 Calls.


Caterpillar Inc. CAT

Speaking of options ideas, we wanted to submit one for CAT as well in the wake of its premarket earnings release, wherein the company reported a 35% sales increase and a solid beat on profits.

The stock is gapping up into blue skies this morning in the $175 range, so we’ll be looking for a classic early dip-and-rip, and tracking the CAT Weekly $170-175 Calls for potential quick-strike trades.


Extended Watchlist:
RMGN, ATOS, CLF, MYSZ, GALT MDZ, LODE

Blue Horseshoe Stocks: Reviewing June Winners & More

Moleculin Biotech,  Inc. MBRX

We wanted to circle back for an update on MBRX this morning, a stock that we signaled on June 21st, after noticing some abnormal activity the session prior.

Shortly thereafter we would witness a low of .96 in the stock, from which it would never look back. MBRX has been on a multi-day tear, with things really heating up yesterday. It ripped its way to a new high of 3.38, on more than 16 times the monthly average volume. That represents a total rise of 252%

We’ll continue to stay hot on the trail of MBRX for as long as it continues to build higher base levels of support.



Spherix Corp. SPEX

The day before the above-mentioned play, on June 20th, we highlighted SPEX after noticing the stock trading near a bottom, and it has been one heck of a ride since that time. We’ve seen this play run from a low of .9505 all the way up to 2.23.

The bulk of that move came in yesterday’s session wherein the stock also traded massive volume, so we’ll be on the lookout for a possible momentum spillover as we head into week’s end.


TrovaGene Inc. TROV

It was back on June 12th that we initially slated TROV for observation. The stock had been trending up off of recent relative lows since the beginning of this month.

Subsequent to our alert, we would witness a low of .85 in the stock and despite some swing-action, TROV has been in a general uptrend ever since.. As of the new high achieved in this morning’s premarket (1.60) it marks an increase of 88%


Constellation Brands, Inc. STZ – Options Idea

We’ve used the STZ optuions chain to our advantage in the past. The most recent occasion was last April, when we scored multibag gains with $155 Calls. The stock has been in serious growth-mode since then, and with a hearty, untraded-upon Q1 earnings beat this morning, we want to signal a range of contracts to watch once again.

The stock is gapping up to the $200-range today, and we’re going to be waiting in the wings with the STZ 07/21 $190-210 Calls.


Extended Watchlist:
GRPN, CHFS, SPLS, IMNP, LODE, INNMF

Blue Horseshoe Stocks: LODE, Options & More

Potential Bottom-Plays

Comstock Mining, Inc. LODE - We’re coming across a serious bottom-bounce candidate in LODE this morning. The stock has been in a general downtrend all year long, and was recently beaten back so severely that a rebound was inevitable. That began yesterday, and now we’re very interested to track the activity and see if we can confirm a sustained reversal on this one.

Taking a look at the included snapshot of the LODE chart, it would quite frankly be a little surprising if this play didn’t see a continued rebound, and it’s currently trading up in the premarket, so we’ll surely want to keep an eye peeled as the session kicks off.

Another notable aspect of this play is that the company must find a way to re-attain a share price of at least a dollar by November, or face delisting from the AMEX.

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MabVax Therapeutics Holdings, Inc. MBVX -  Another similar looking chart striking us as a potential bottom-bounce play. MBVX has been trending down since last fall, and it appears as if it’s ready to make a move off of its recently established annual lows, helped along by a key PR.

The company reported positive phase I results for its MVT-2163 ImmunoPET Imaging Agent, an antibody discovery platform focused on the treatment of cancer. (>>View PR) It’s causing a considerable gap-up here in the premarket, and we’ll be quite interested to follow along with the activity.


The Kroger Co. KR  – Options Idea

KR set its own 52-week lows this spring, and has recently been making a comeback on the chart. They’ve also got earnings coming tomorrow, so we thought we’d formulate an options idea running into that release.

We’ll be looking at the KR Weekly $29 and $30 Calls, which could see some nice action, especially if the company’s earnings beat expectations tomorrow.


Extended Watchlist:
ABIL, MTBC, MBOT, SBGL, LINU, EKSO