Tag: MDCN

Updates on Big Movers & More

Key Options Updates

We’ve been tracking the ideas we initially posted on Monday morning all week and so far the gains we have seen off of these plays have been monstrous. Below you will find the new highs registered by those targets in the RIOT and MARA chains.

You will also see our updated ideas for the TLRY chain, which has provided us with astounding gains as well. Each and every one of these contract sets has put up massive multibag moves in just a couple of trading days.

RIOT Weekly $27-28 Calls
$27: 1.56-14.80 (+849%)
$27.50: 1.50-14.30 (+853%)
$28: 1.35-13.80 (+922%)
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MARA Weekly $26.50-28 Calls 
$26.50: 1.91-12.90 (+575%)
$27: 1.48-13.00 (+778%)
$27.50: 1.51-12.20 (+708%)
$28: 1.43-11.85 (+728%)
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TLRY Weekly Calls
$26: 1.70-18.35 (+979%)
$27: 1.22-17.92 (+1368%)
$34: 2.49-12.00 (+382%)
$35: 2.00-11.28 (+464%)
$36: 1.77-10.50 (+493%)

As far as TLRY, which continued its insane run this morning in the premarket, we are going to have to raise our target again to stay on the money, so we’ll be tracking the TLRY Weekly $50-52 Calls. The stock alone has made an incredible move in the month of February already.

Since our mention of it in our report last Tuesday morning, it has run from 19.30 to this morning’s premarket high of 56.00, marking a run of 190% in just a hair over a week! If you had only begun tracking the stock as of this Monday’s report, you still would have witnessed a move of 116% from 25.95-56.00.
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Fresh Options Ideas:
TWTR Weekly $63-65 Calls
LYFT Weekly $57-60 Calls 

OTC Runners: 

We’ve also been staying on top of the OTC-traded plays that have recently been making more of an appearance in our reports. We have unearthed several gems in this arena in 2021 so far, with no signs of slowing yet!

Tesoro Enterprises Inc. TSNP
Called: 01/20/21
Range: .272-1.93
Gained: 609%
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Minerco, Inc. MINE 
Called: 02/09/21
Range: .0062-.017
Gained: 174%
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Ozop Energy Solutions, Inc. OZSC
Called: 02/09/21
Range: .301-.50
Gained: 66%

Extended Watchlist:
CBDL, GRSO, JAMN, SPLIF, ICNM, MDCN, MMEX, DPLS, GAXY

Blue Horseshoe Stocks: New Options Ideas, Bottom-Plays & More

Synergy Pharmaceutical, Inc. SGYP

SGYP kept piling on the gains yesterday with a great showing, emerging as one of our top picks of the week. For those who may have missed the reports, we declared interest in this play on Wednesday morning, and shortly thereafter bore witness to a solid 32% intraday run.

In yesterday morning’s report, we reinforced our confidence in the stock’s ability to produce another nice move based on the level of momentum it had built to that point. Our assumption proved accurate, and SGYP turned in an intraday increase of 19% from its early low of 7.92 up to a high of 9.44.

That move brought our total observed range on this play in a span of just two sessions to 56% (6.05-9.44).

SGYP is trading up slightly in the premarket with shares having traded hands for as much as 9.56 thus far this morning. While we’ll need to stay wary of potential pullbacks caused by profit-taking, we won’t want to let SGYP slip off of our radars.

The company’s Phase 3 trials for plecanatide as treatment for chronic idiopathic constipation met primary endpoints in both data runs, and there are many on Wall St. who believe we’ve yet to see the ceiling on this play’s potential.

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Options Ideas

Under Armour, Inc. UA – We’re cap things off week by formulating a couple of options ideas for UA. The stock has been on quite a rip recently, and we’re going to explore the possibility of using the trend to our advantage. Specifically, we’re going to be monitoring UA Weekly $82.50-83.50 Calls for potential quick-strike intraday swing-trade chances, while reserving a spot on our longer-term watchlist for the 07/31 $84 Calls.

Added Reminder: We also are going to stay hot on the trail of the PBR Options ideas we mentioned in yesterday’s report (08/21 $10 and $11 Calls) into next week. We’ve already seen moves approaching and exceeding 100% in those contracts, and want to remain open to the possibility of more coming down the pipe, with plenty of time left until their expiration date.

Bottom-Bounce Watchlist:

Both Medican Enterprises, Inc. MDCN and Adaptive Media, Inc. ADTM took huge gut-punches yesterday, and will end the week on our bottom-watch radar. The possibility for significant rebound opportunities could be forthcoming either today or early into next week.

Extended Watchlist:
ARYC,  MJMJ, TPIV, HERO(Still on Bottom-Watch)

Blue Horseshoe Stocks: MDCN Recap, Options Idea & More

Medican Enterprises, Inc. MDCN

In yesterday morning’s premarket report we took note of MDCN’s rebound off of a relative bottom, and speculated that the momentum built up in Tuesday’s session could carry over into added gains.

That certainly proved to be the case, as MDCN spiked heavily from its early low of .0024, running as high as .0039 shortly before 11:30AM. It marked an intraday move which provided gain opportunities of up to 62% before pulling back into the close of .0022.

We’ll go ahead and monitor this one for the remainder of the week for any potential bounce-play chances that might arise when it finds solid support. We’ll look for that to occur at or above Tuesday’s low of .0015.

Isis Pharmaceuticals, Inc. ISIS – Options Idea

ISIS appears to be in full-on breakout mode this morning, and as a result we thought we’d formulate an idea to take advantage of this via the options chain.

Given the current price and conditions caused by this morning’s catalyst (link to PR below), we’re going to be tracking the activity in the Weekly $70-73 Calls for potential intraday flip opportunities.

Extended Watchlist:
PTBI, RAD, SFUN, ATOS, AGEN, ASTI