Blue Horseshoe Stocks: New Options Ideas & More

Options Ideas

JP Morgan Chase & Co. JPM 
- The first item on our agenda this morning is going to be to formulate an options trading idea for JP Morgan on the heels of the company’s earnings beat this morning, which has the stock gapping up here in the premarket.

We’re going to be zeroing in on the JPM Weekly $63.50-65.50 Calls for potential daytrades, and/or swing trades into tomorrow, depending on how the activity unfolds.

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Seagate Technology Holdings, Inc. STX – STX has recently been making a nice move after a large gap-up earlier this week. In the premarket it is pressing past the 200DMA(30.20) and looks as if it could continue to truck higher and fill the gap on the chart to $33.

We have a couple corresponding options ideas that could be in line for some nice gains; for daytrading opportunities this week, the STX Weekly $30-31 Calls, and the STX 07/22 $30.50-31.50 Calls for potential swing trades into next week.



Updates on Recent Interests

SAExploration Holdings, Inc. SAEXLast week, we tagged SAEX as a bottom-watch play and after a few sessions of mostly sideways trading, the stock has finally begun to get some legs this week. The bottom, and our observed low, came in at .1385, and yesterday SAEX hit .298. That works out to a four session swing of 115%

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Gold Resource Corp. GORO -  We’ve been tracking GORO closely since we entered it into the conversation at the end of June. At the time we had observed a PPS low of 3.19, and yesterday the stock continued to push its upper limits with a new high of 5.50. That represents an overall swing of 72% and a new 52-week high as well. Firmly in blue sky breakout territory, we’ll continue to keep an eye on GORO.

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Lot78, Inc. LOTE – After tracking it to some nice gains last week, we saw LOTE pull back slightly yesterday, to a swing low of .016 before it rebounded 37% back to .022. We’ll look for the stock to retest our previously observed high of .03, the breaching of which would put this one into blue sky breakout mode as well!


Extended Watchlist:
IDNG, OBMP, SNWV, KNDI, MRNS, BCEI

Blue Horseshoe Stocks: Important Announcement


IMPORTANT ANNOUNCEMENT

Before we get down to our interests for today’s session, we wanted to give our readers a quick heads-up for Monday morning.

We’ll be presenting a special in-depth report on an intriguing cannabis stock with a diverse portfolio and an attractive backstory, so be sure to monitor your inboxes closely around 9:00am Eastern on Monday! The set-up on the chart should give us a great chance at kicking off next week on a high note.


Lot78, Inc. LOTE

Moving along to today’s report, we’ve got to provide an update on LOTE, which we’ve been tracking since Thursday of last week. At the time, the stock was trading as low as .0037, and the progress it has made since then has been nothing short of astronomical.

In fact, LOTE has pushed to new highs in each of the five sessions since we brought it to the table. Yesterday, it churned out its second biggest single-session move yet, running from the open at .013 up to .03, for intraday gains of up to 131%

The overall increase over our observed low from a week ago as of yesterday’s high comes out to 711%, so big cheers are in order for anyone who caught the wave! As long as the stock continues to record higher lows and higher highs, we’ll be keeping a close eye on it.



Fresh Options Ideas:

Bank of America Corp. BAC - With the markets ripping this morning off of impressive jobs numbers, we’ll be interested in checking out a couple of contracts in the BAC options chain. The stock itself is in a good position on the chart to continue its recent rebound, so we’ll be eyeing the BAC Weekly $13 and $13.50 Calls for possible daytrade chances. But remember what we always say, in terms of weekly options trading on Friday: For expert traders only!

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Barracuda Networks, Inc. CUDA - Following an impressive untraded-upon earnings beat yesterday afternoon, we are very keen to observe the activity in CUDA in sessions to come. We’re going to signal a couple sets of options contracts for tracking on this one as well, namely the CUDA 07/15 $15 and $17.50 Calls. These don’t expire until next Friday, so evaporating premiums won’t be an issue today.


Extended Watchlist:
BILB, CAFN, GRSU, FTPM, FPVD(Bottom bouncer)

Blue Horseshoe Stocks: LOTE Recap & More

Lot78, Inc. LOTE

Yesterday, as we were congratulating those of our members who had caught our tag of LOTE in last Thursday morning’s premarket report, which ran 70% from .0037- .0063 on Friday,  we mentioned that our continued interest in the stock was predicated on it maintaining support above .0046. Not only did it manage to do so, but what followed was a monstrous session that carried it from subpenny territory, on into Pennyland! It was a truly excellent way to kick off the short trading week.

From a daily low of .0052, LOTE roared its way to an afternoon high of .0152. a move of exactly a penny, which provided the chance at intraday gains of up to 192%  From our observed low of .0037 from the prior session, that represents a two-day swing of 311% The move came in conjunction with the stock’s third-highest trading volume of 2016, and the close came just two ticks below the HOD, at .015.

We’ll certainly have LOTE, which now qualifies as a momentum-play, near the top of our watchlist as we progress through this holiday-shortened week. On any pullbacks, we’ll want to see the stock maintain support above a penny.


BIND Therapeutics, Inc. BIND

Another solid pick from yesterday’s report came in the form of BIND, a company that had filed for Chapter-11 this spring.

We caught this one on the heels of its acceptance of Pfizer’s $20M stalking horse bid, in which the pharma giant intends to acquire most of the bankrupt company’s assets barring the submission of any higher bids when the assets go to auction later this month.

As for the opportunity that was present following our inclusion of the play in yesterday’s morning report, BIND traded in a daily range from .57-.79, a respectable single-session rip of 39%  We’ll continue to track this play in the event it can hold support above yesterday’s swing low.


Santa Fe Gold Corp. SFEG

On Friday morning, we marked SFEG for tracking, and what has followed is two big sessions of solid gain opportunities. Before breaking for the holiday weekend, the stock traded in a range from .0115-.0165 for an initial gain of 43%

Then yesterday, things really took off in a northerly direction as the stock traded up from .0194 to an impressive new high of .044. That came out to a single-session jump of 127% and a two-day swing amounting to 283%

With the stock firmly in blue sky breakout territory, we’ll want to continue to keep an eye peeled to monitor its activity going forward. Considering the kind of volatility we’ve witnessed thus far, a dip-and-rip scenario could be waiting to play out on the chart.
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Added Note: Speaking of gold plays, the markets experienced a selloff yesterday, and appear to be in line for another possible downturn today. As such, we’ll look to these gold-related stocks as a corresponding idea.

AngloGold Ashanti Ltd. AU and Royal Gold, Inc. RGLD


Extended Watchlist:
GCHK, TALK, SOUP, DCTH,

Blue Horseshoe Stocks: Kicking Off the Short Week

Netflix Inc. NFLX – Options Update

We hope all of our readers enjoyed the long holiday weekend! Our first order of business this morning is to provide an update on Friday’s options trading idea. We signaled our interest in tracking the NFLX Weekly $93.50-95.50 Calls for potential daytrades, and every one of the contracts within our targeted range allowed for multi-bag single-session gains.

$93.50 Calls – Range: 1.47-3.22 – Max Gain: 119%
$94 Calls – Range: 1.16-2.75 – Max Gain: 137%
$94.50 Calls – Range: .97-2.50 – Max Gain: 158%
$95 Calls – Range: .57-2.00 – Max Gain: 251%
$95.50 Calls – Range: .31-1.53 – Max Gain: 394%

We always issue the same warning when we submit a weekly options idea on a Friday, stating that it is very high-risk. While that is true, the high reward factor like we saw here is what keeps us interested in this sort of options trading.



More Updates

Lot78, Inc. LOTE - This was one of a pair of stocks we tagged for observation in Thursday morning’s premarket report, which finished off the week on a strong note. From a low of .0037, it surged to .0063 toward the end of the session. It closed at that high of day, having made an intraday jump of 70%

We’ll remain interested in LOTE moving forward provided it can maintain support at or above the .0046 level.

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GreenGro Technologies, Inc. GRNH – This is a stock that we’ve literally mentioned dozens of times in the past. Most recently was on Thursday, at which time we witnessed the stock trading at a nickel. Friday, it managed to reach .07, an overnight increase of 40%

We’ll also leave this on our radars going forward to watch for signs of a continued uptrend.


SAExplorations Holdings, Inc. SAEX

We’re going to be keeping an eye on SAEX, which raised flags on Friday with a hearty 70% bounce off of its 52-week low, established on Thursday.

Whenever we see stocks in this position, we’re interested in the possibility of taking advantage of the volatility and possible recovery. A return to even the current 50DMA of .48, where the stock was trading merely a week ago, would spell double-bag gains from current PPS levels.


Extended Watchlist:
GALE, PGNX, BCRX, FCSC, DRYS, AXU, BIND

Blue Horseshoe Stocks: Hot Options Calls & More

Bank of America Corp. BAC

Yesterday, for the second consecutive trading day, the BAC options idea we floated on Tuesday morning yielded the opportunity for solid intraday gains. The BAC Weekly $12.50 and $13 Calls produced the following chances:

$12.50 Calls – Range: .49-.74 – Max Gain: 51%
$13 Calls – .16-.34 – Max Gain: 113%

As we’ve been saying from the word go, if BAC can jump the 13.50 hurdle, we’ll be looking to roll up our strike price, and today might very well be the day it occurs. The stock traded as high as 13.48 in post-market trading yesterday, and the markets in general appear to be in line for another solid session.

To remain interested in our ideas going forward, we’ll need to see BAC hold support above 13.15 on any pullbacks.


More Options Recaps

SPDR S&P 500 ETF (SPY) - The SPY was one of a pair of fresh ideas we put in yesterday’s morning report, and with the strong daily performance of stocks across the board, the SPY Weekly $204-206 Calls we signaled enjoyed some huge multi-bag moves:

$204 Calls – Range: 1.45-3.20 – Max Gain: 121%
$205 Calls – Range: .87-2.29 – Max Gain: 163%
$206 Calls – Range: .47-1.55 – Max Gain: 230%

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Nike, Inc. NKE - We also highlighted a range of Nike options as the company was just coming off of a post-market earnings beat on Tuesday, specifically the NKE Weekly $52-54 Calls. Again, market-wide bullishness aided an excellent intraday push for each of our alerted contracts:

$52 Calls – Range: 1.23-3.00 – Max Gain: 144%
$52.50 Calls – Range: .85-2.61 – Max Gain: 207%
$53 Calls – Range: .60-2.13 – Max Gain: 255%
$53.50 Calls – Range: .42-1.60 – Max Gain: 281%
$54 Calls – Range: .27-1.20 – Max Gain: 344%


Fresh Idea:

Mobileye N.V. (MBLY) – We’re having such good fortune in options with current conditions allowing for the type of volatility that traders dream of, that we might as well offer up yet another new idea this morning. We’re going to be paying attention to the MBLY Weekly $44.50-46.50 Calls, as the stock is gapping up heavily in the premarket today.


Cemtrex, Inc. CETX

We’re also taking a technical interest in CETX this morning. As you can see on the following chart snapshot, there are a number factors indicating the potential for some increased upward movement.

This comes just a week after the company announced its first ever share buyback program, which will allow for the repurchase of up to a million shares over the next year.


Extended Watchlist:
LOTE, VAPE, GRNH, INNI, TCPS, FVE, ONE, TWLO