Midweek Movers, 5-Pack of New Ideas

Five for Five on Wednesday:

We got things right back on track in yesterday morning’s premarket report, with a mostly bearish slate of options trading ideas. We went to the short side on four out of our five potential plays for the day, and the markets played along, experiencing a rather red day that helped facilitate some nice gain chances among our picks. All five posted solid intraday runs for us on the day.

Our daily targets were the ANET Weekly $260-255 Puts, the WM Weekly $192.50-197.50 Calls, the DDOG Weekly $131-128 Puts, the LSCC weekly $65 Puts and the CDNS Weekly $285-280 Puts. Here were the very respectable moves they made during the session:

ANET Weekly $260-255 Puts
$260
: 1.50-3.14 (+109%)
$257.50: 1.05-2.23 (+112%)
$255: .70-1.35 (+93%)
_____

WM Weekly $192.50-197.50 Calls
$192.50: 2.60-6.80 (+161%)
$195: 1.55-4.50 (+190%)
$197.50: .69-2.60 (+277%)
_____

DDOG Weekly $131-128 Puts
$131: 1.20-4.33 (+261%)
$130: .90-3.78 (+320%)
$129: .75-3.26 (+335%)
$128: .59-2.71 (+359%)
_____

LSCC weekly $65 Puts
$65: .05-.30 (+500%)
_____

CDNS Weekly $285-280 Puts
$285
: .84-1.50 (+79%)
$280: .35-.94 (+169%)


Fresh Options Ideas:
KHC Weekly $35.50-34.50 Puts
AKAM Weekly $120 Puts
SONY Weekly $96-98 Calls
SPY 02/14 $495-496 Calls
ABNB Weekly $146-145 Puts


Extended Watchlist:
ELWS, IINN, DTSS, BREA, TAOP, LYFT, CCTG, TDRK, CRCW, VBHI

Monday’s Runners, 5 Fresh Ideas

Solid Start to the Week:

We fared reasonably well with our options picks yesterday. In our premarket report we highlighted four possible targets, and three of those returned solid intraday upswings. It was a pretty good way to kick off the week, and was done in spite of being a little short on top name earnings reporters for the session. We’re back into some really big names today, so we shouldn’t experience any major difficulties today either.

Our winning ideas for Monday were the NVDA Weekly $725 Calls, the MNDY Weekly $215-205 Puts, and the TRMB Weekly $50 Puts. (We mistakenly assumed $5 increments on the MNDY chain, so the only existing set of contracts in our given range were the $210’s). Here were the gain opportunities that those provided for us on the day:

NVDA Weekly $725 Calls
$725
: 13.57-28.32 (+127%)
_____

MNDY Weekly $215-205 Puts
$210: 3.30-6.00 (+82%)
_____

TRMB Weekly $50 Puts
$50: .05-.10 (+100%)


Fresh Options Ideas:
ANET Weekly $260-255 Puts
WM Weekly $192.50-197.50 Calls
DDOG Weekly $131-128 Puts
LSCC weekly $65 Puts
CDNS Weekly $285-280 Puts



Beamr Imaging Ltd. (NASDAQ:BMR) – Recap: 

We also observed an amazing showing by BMR, a stock that appeared in yesterday morning’s extended watchlist. From a daily low of 6.04 it went on to trade for as much as 34.94 a share, which worked out to an intraday rip of 478% which is highly remarkable for a stock in that price range on the upper exchanges. It was the top gainer of the day for the whole NASDAQ.


Extended Watchlist:
VCIG, OMH, ARBB, BDRX, WBUY, BGLC, FAMI, CHSN, NVTA, TSPH, OPTI, AABB

Blue Horseshoe Stocks: APP, BLDP & Extended Watchlist

American Apparel, Inc. APP

APP has continued to please us with its performance at every turn since we brought it back to our reports on Tuesday of last week at a low of .47.

We saw it run 47% to .6895 on Wednesday, and yesterday, after tagging the play once again, it pushed it limits further, making an intraday move of 24% from its daily low of .66 up to .8157.

So, in only eight sessions since we turned our attention back to APP, it has achieved an overall increase of as much as 74% (.47-.8157). Cheers go out to anyone who pounced on the opportunities provided by APP this week.


Ballard Power Systems, Inc. BLDP

For over a year we’ve been tracking BLDP, and have seen some impressive trading action in that time. The stock traveled from under 1.30 toward the end of 2013, and ran as high as 8.38 in March.

After a consolidation period, wherein the stock has come down to find support at 3.41, we are beginning to like the lok of the chart once again.

Yesterday’s high of 4.13 was just shy of the 50DMA (4.14), and BLDP is now trading above the 50DMA in the pre-market. Additionally, the MACD indicator is presently coverging toward a bullish cross.

VANCOUVER, April 24, 2014 /PRNewswire/ – Ballard Power Systems (BLDP)(BLD.TO) today announced that it has acquired the transportation- and stationary-related fuel cell intellectual property (IP) assets of United Technologies Corporation (“UTC”, NYSE: UTX). These assets consist of approximately 800 patents and patent applications, as well as patent licenses, invention disclosures and know-how primarily related to Proton Exchange Membrane (PEM) fuel cell technology. >>> FULL PR


Extended Watchlist:
VDSI, TAST, HILL, OREX, LSCC, GBGM(Watching for bottom)