Blue Horseshoe Stocks: GW Pharma & More


Eagle Bancorp, Inc. EGBN

After realizing that EGBN had been the target of dishonest short-seller tactics, we tagged some options ideas on the morning of December 5th – the EGBN 12/15 $50-60 Calls. The stock had been absolutely hammered in the previous session.

We saw some really nice moves from those contracts when EGBN immediately began to rebound ranging from 73-200% The stock dealt with some resistance over the later portion of last week and into this Monday, but managed to continue its recovery and go on to set another new high yesterday.

That produced another opportunity in a couple of the contracts we highlighted, with the $55 Calls trading from 1.20-4.40 for a 267% swing, and the $60′s exploding for a 600% rip from .10 to .70.


GW Pharmaceuticals plc GWPH
.
We’re looking at a familiar cannabis stock in GWPH this morning as the company is receiving some positive attention over its announcement that it had reacquired the rights to develop Sativex, a 1:1 THC/CBD extract blend oral spray product.

The stock is seeing some bullish premarket activity, and we’re going to signal a pair of corresponding quick strike options calls. We’ll be looking for a dip and rip scenario, and tracking the relation activity in the GWPH Weekly $125 & $130 Calls.


Extended Watchlist:
ARGX, CLRB, TANH, MYO, MRNS, BIOA, DRRX

Blue Horseshoe Stocks: Post-Earnings Options & More

Dollar General Corp. DG

First up this morning is a look at DG, which revealed its Q3 earnings report early this morning, and appears to be gearing up for some continued bullish activity, for which we’ll want to formulate an options trading idea.

The stock has been in a general uptrend for many months, seeing its annual lows in June, and trading in a general upward channel ever since. DG is gapping up roughly 5% in premarket trading, and we’re going to look for action in the DG Weekly $93.50-96 Calls today and possibly tomorrow as well.


Lululemon Athletica

This is another stock that has put up a good performance since late spring. After seeing its own annual low at the end of May in the $66 area, LULU has recently breached the $90 mark.

That upward climb could continue on the heels of what was a solid beat on both sales and earnings in the post-market yesterday, as well as boosted sales guidance. When coupled with the $200M share repurchase the company has just authorized, and we have another excellent candidate for some options trading ideas. In this case we’re interested in tracking the LULU Weekly $72.50-74 Calls.


Extended Watchlist:
ROX, HOME, VTGN, IGC, MYO, CRSP, TLRD

Incoming search terms:

  • 179E
  • BUBX
  • IIX5

Blue Horseshoe Stocks: VZ Update & More

My Size, Inc. MYSZ

We had MYSZ in our extended watchlist last monday, and the stock mainly traded sideways for the ensuing few sessions. We re-tagged it yesterday after noticing that the party had finally started, and the result was a very nice trading range on the stock.

From a low of .66 earlier this week, MYSZ reached a high of 1.28 during yesterday’s session, representing a move of 94% over just a short time span. The stock also traded record volume yesterday, se we’ll be sure to keep an eye peeled as we finish out this trading week.



Verizon, Inc. VZ

We’ve had a ton of success stories on the options front recently, and VZ has quickly grown into one of the top performers of the bunch. When we signaled a range of contracts to observe in the VZ chain on November 17th, the VZ 01/19 $45-48 Calls,  the stock itself traded for as little as 44.62. After a nearly continual bullish streak for the past couple of weeks, the stock has gone on to hit a high of  51.09.

That move has of course rocketed our selected contracts to astronomical highs. When we last updated their progress on Wednesday morning, they had offered gains ranging from 240-575% but thanks to two more solid sessions, those figures have been extended considerably.

VZ 01/19 $45-48 Calls
$45 Calls – Range: 1.08 -6.05 – Max Gain: 460%
$46 Calls – Range: .59-5.03 – Max Gain: 753%
$47 Calls – Range: .39-4.00 – Max Gain: 926%
$48 Calls – Range: .23-3.18 – Max Gain: 1283%


Extended Watchlist:
DPW, GLBS, AMBA, RIOT, CPL, IPDN, ARGS, MYO, OSTK

Blue Horseshoe Stocks: Fresh Options Ideas

Fresh Options Ideas

We’re going to start off the new trading week by identifying a couple of options ideas we’re seeing based on the chart setups of Under Armour Inc. (UAA) and CSX Corp (CSX).

In both cases, the stocks have been on a bit of a backslide, but went on to record bullish sessions on Friday. We’re going to look for confirmed reversals on both of these, and be ready with some options ideas if they can establish more sustained rebounds. On each chart, there are gaps to the upside, which is another thing we look for.

For Under Armour, which is giving off a strong multiple-bottom signal, we’re going to track the UAA 09/01 $17-19 Calls, and for CSX Railroads, we’ll want to look after the CSX 09/01 $51-53 Calls.


ImmunoGen Inc. IMGN

We also want to keep IMGN on our radars as we kick things off this week. We signaled it in Friday’s premarket report and it had a modest yet solid session on the heels of an earnings beat. We saw a low of 6.29, and this morning in early trading the stock has reached a high of 7.41.  While that’s only an 18% rise at the moment, we’ll want to keep an eye peeled for another bullish session.


Extended Watchlist:
ACRX, CDRBQ, DVAX, NVIV, MYO, XXII, NXTD, CYTR,MNGG

Blue Horseshoe Stocks: Huge Day for MYO & More

Myomo, Inc. MYO

We were just mentioning yesterday to kick off the week, how our mention of MYO in Friday’s premarket report. and how it had run from 10.10 to 18.20 for an 80% move on big volume. We stated our ongoing interest in the stock, and even cautioned that a dip-and-rip formation could materialize early on before MYO went on to confirm its status as a multi-day runner.

We don’t own a crystal ball, but you might have had a hard time believing that yesterday. The stock behaved precisely as we suggested it may, pulling back slightly in the first 15 minutes of the session before embarking on a day-long bull run to new highs.

MYO dipped to 14.51 before ripping its way to 23.20, for an intraday push of 60% and a two-session swing from our observed low on Friday (10.10) amounting to 130% We can’t remember the last time we called a ten dollar stock and saw it record a double-bagger inside of two days, but it doesn’t happen very often for stocks trading at a high multiple. Cheers to anyone who was along for the ride!


ReWalk Robotics Ltd. RWLK

We also want to give ourselves a quick pat on the back for spotting RWLK  in the premarket yesterday and including it in our report. The stock had just begun to inch up on Friday, but yesterday its run realy kicked into gear.

RWLK ran from a low of 1.40-1.95 for a modest yet solid intraday pop of 39%, but that figure has been notably extended in the premarket this morning with a new high of 2.10, which pushes our observed range in under 24 hours to an even 50%

We’ll look for RWLK to establish higher highs and higher lows once again to confirm it as a multi-day runner and stay interested in tracking it moving forward.


Delcath Systems, Inc. DCTH

We also want to do a recap of DCTH, which we last mentioned at the beginning of last week on the 12th. Subsequent to that report, we observed as DCTH saw a low of .0413 the following day. Despite having a little trouble breaking through resistance in later sessions, yesterday did the trick as the stock hit .10, marking a move of 142% in the span of one trading week.


Enphase Energy, Inc. ENPH

ENPH has slowly but surely been making some headway in coming up off of its annual lows established in May, but this morning the stock is gapping considerably, into the ninety-cent range.

We want to place this stock on watch in the wake of what we believe to be the catalyst for this activity – an Edgar filing alluding to a “Master Licensing Agreement” the company granted to Flextronics Industrial, Ltd. (>>View 8-K)


Extended Watchlist:
LPCN, VSLR, VVUS, SPEX, NK, CFMS