Blue Horseshoe Stocks: Options Review & More

Options Review

After a tumultuous month on the whole, October came to a solid end with a very strong performance from the markets, and in effect, a good showing by many of the ideas we presented in yesterday’s report.

Take-Two Interactive Software, Inc. TTWO – First we’ll give an update on the calls we made on Tuesday morning for TTWO- the Weekly $122-125 Calls. They started moving immediately, as we mentioned in yesterday’s report, and after another session the gains have piled up even higher.

$122 – 4.00-8.45 (+111%)
$123 – 2.49-7.80 (+213%)
$124 – 2.50-6.80 (+172%)
$125 – 2.50-5.40 (+116%)
_____

 Three of the four fresh options ideas we submitted in yesterday’s report also saw sizable gains on the day.

FB Weekly $150-155 Calls
$150
– 2.46-4.37 (+77%)
$152.50 – 1.46-2.67 (+83%)
$155 – .75-1.40 (+86%)
______

GM Weekly $35-37 Calls
$35 – .92-2.04 (+122%)
$35.50 - .62-1.60 (+158%)
$36 – .34-1.15 (+238%)
$36.50 – .19-.72 (+279%)
$37 – .11-.45 (+309%)
______

SPY Weekly $269.50-271.50 Calls
$269.50 - 2.92-4.42 (+51%)
$270 – 2.57-4.15 (+61%)
$270.50 – 1.98-3.40 (+71%)


Extended Watchlist: 
NFX, IGCC, TREE, TOPS, DCIX, NAVB, CRON

Blue Horseshoe Stocks: INMG, DRNK Recaps & More

Innovativ Media Group, Inc. INMG

When we last left off with INMG on Thursday morning, we had already seen a five session swing of 1400% over the previous week. While we certainly acknowledged the impressive gains, we stated, “the stock will peel back off of these impressive highs and that’s when we’ll be looking for what could be a serious dip-and-rip pattern.” Our assessment of the situation turned out to be very astute, and INMG experienced exactly the activity we suggested.

That morning, the stock dipped down significantly to ultimately find support at .0145, from which point it began a three-session span of recording higher lows and higher highs, leading up to yesterday’s high of .032.  The ‘rip’ in our observed dip-and-rip on INMG has thus far amounted to an added opportunity for gains of up to 121% on the upswing!


NoHo, Inc. DRNK

Continuing along with another fantastic call we made just yesterday, we’ve got DRNK, which we explicitly stated could be the next super-subpenny “to go for a big ride”. It took no time at all for our hunch to come to fruition, as it showed us a really nice move on day one.

The stock traded up from .0003 to .00051, for a 70% intraday pop, which came on more than eight times the monthly average volume with more than 800 million shares changing hands on the day. It also held half its advance into a .0004 close.

The move was helped along by a well-received PR which hit wires shortly after our morning report concerning the company’s declaration of a moratorium on conversions along with the negotiation of a debt buyout:

David Mersky, NOHO’s CEO, stated, “We have come to terms with our majority note holder to freeze conversions, which puts NOHO in a very strong position moving forward with significant developments underway. This is a strong signal of our majority debt holder’s confidence in the long term vision we have for the Company. This agreement is also a big win for our shareholders, as we continue to make changes to reduce the outstanding shares and avoid dilution as a priority moving forward.” (>>View Full PR)

We’re really going to want to keep an eye on DRNK. With a commitment to cleaning up their share structure, along with the added attention that a big move on the chart is going to bring, we won’t rule out the possibility of DRNK breaking from the super-subpenny range to the subpenny range, or even higher.


Extended Watchlist:
PTN, ERHE, WNTR, CANF, CATB, CAPR, NAVB, STRP

Blue Horseshoe Stocks: PPCH Breakout & More

Propanc Health Group, Inc. PPCH

It didn’t require any patience on our part before we saw our bottom-watchlist from yesterday morning’s premarket report bear fruit. What we have in PPCH is an example of absolutely perfect timing.

After being mostly in a downtrend for a period that stretches all the way back to springtime, we ended up calling the bottom here with laser-like precision. The stock bulled its way up all day long, trading in a range from .008, through the penny barrier, and up to .017. That works out to an intraday pop of 112% and it came on nearly six times the monthly average volume.

The stock also managed to close just a tick below its high of day at .016, so we’re definitely going to be on the lookout for continued momentum. Yesterday wasn’t the first time we caught this play for triple-digit gains, and in all honesty, it probably won’t be the last.


Twitter, Inc. TWTR – Options Recap

In last Thursday’s morning report,  we presented an options idea for TWTR based on the setup of the chart; at the time it was trading in the mid-$18 range.

We put forth the TWTR 01/20 $19 and $20 Calls, to give ourselves the time needed to realize the upward move we suspected the stock would make, and it turned out to be another good idea. We saw a run to the mid-$19 level, and it facilitated the following performances in our target options:

01/20 $19 Calls – Range: .80-1.64 – Max Gain: 105%
01/20 $20 Calls – Range: .51-1.19 – Max Gain: 133%

Again, with that extended expiration date, we’ve still got all the time in the world to witness even further gains out of these contracts. That should start with with this morning’s opening bell, as TWTR is gapping up in the premarket once again.
_____

Fresh Idea:

Lululemon Athletica, Inc. LULU – On the strength of a solid Q3 earnings release and the authorization of a $100M buyback program, LULU is looking strong, and we want to get in on the action by formulating a new options idea to correspond with the activity.

Yesterday the stock broke out of the channel, from roughly $54-58, that it had been stuck in for several weeks, so we’re going to be focusing our attention on the LULU Weekly $66.50-70 Calls.


MJP International Ltd. MJPI

We also want to recap the performance of another play from yesterday’s extended watchlist. MJPI appeared for the first time in our reports, and responded with a solid session.

From a low of .85 the stock traded as high as 1.18, marking a 39% pop on the day and like the aforementioned play, it too closed just a single increment below the high of day at 1.17, and will thus remain on our list going forward.


Extended Watchlist:
IDXG, VNR, SPHS, NAVB, GAHC, AGIN, LBSR

Blue Horseshoe Stocks: SFOR Update & More

StrikeForce Technologies, Inc. SFOR

Prior to including it in yesterday morning’s premarket report, our next most recent mentions of SFOR were last Wednesday and Thursday, giving all our readers plenty of time to catch the massive wave of momentum that has now carried the stock to new highs.

At that time we observed a low of .008 in the stock and in the ensuing four sessions it has managed to register higher highs and higher lows each day. The intraday range on the stock yesterday alone was .0134-.022, a solid 64% rip. Measured from last week’s low, we’ve now witnessed an overall upswing of 175% From our all-time observed low on this familiar play (.0036), yesterday’s high marked a 511% jump.

We’ll continue to observe for an extension of the pattern that has been established here, and remain interested as long as the stock maintains support above yesterday’s swing low.


Oroplata Resources, Inc. ORRP

We signaled ORRP for observation in yesterday’s watchlist, and the stock ended up making a really nice run into the close that was good for sizable intraday gains.

We noticed this one in a routine morning scan yesterday, however, as it is a stock that’s been heavily promoted in the past, we’d like to take this opportunity that our interest in it was purely fundamental. We are not connected in any way to any of the promotions/promoters that have ever gone out on this stock.

In terms of the move it made subsequent to yesterday’s mention, we saw ORRP traverse its way from .265 to .405, for a healthy intraday gain of 53% The stock closed just a shade below its high of day, so we’ll certainly be on the lookout for a continuation of momentum into today’s session.


Acorda Therapeutics, Inc. ACOR

The confluence of a newly-recorded annual low, some insider selling, and a sizable gap to the on the chart to the upside have us thinking about a longer-term options idea to correspond with a possible recovery.

The chart still appears to gearing down, so we could see some slight downside before this idea comes to fruition, but we want to signal and begin monitoring now to make sure we’re not late to the party

. We’re going to put a tab on the ACOR 10/18 $23-25 Calls to prepare ourselves for what could be quite a significant rebound once the stock finds a solid level of support from which to launch a rebound.


Extended Watchlist:
GNID, SGBY, PIRS, ARRY, ATNM, NAVB,

Blue Horseshoe Stocks: WYNN Recap & More

Wynn Resorts, Ltd. WYNN 

We saw an opportunity to jump on some quick-strike WYNN calls yesterday morning,despite the stock already having made a ten-dollar move to the upside since we first began tracking it at the beginning of the month.  The Macau gaming industry is booming, and the positive outlook has related stocks doing so as well.

We targeted the WYNN Weekly $108-110 Calls and regardless of the chosen strike-point from within that range, hefty single-session gains were there for the taking. All three sets of contracts made major moves:

$108 Calls – Range: .55-2.05 – Max Gain: 272%
$109 Calls – Range: .40-1.58 – Max Gain: 295%
$110 Calls – Range: .20-1.10 – Max Gain: 450%

The stock appears to be consolidating slightly in early trading this morning, but we’ll be on the lookout for further activity in these plays provided it holds support above $108 on the dip.


APT Systems, Inc. APTY

We’ve taken notice of APTY this morning, which has built up a nice little head of steam in recent sessions. The latest run has been helped along by yesterday’s PR that the CEO intends to buy shares out of the open market to increase her position, as well as already having what we consider a tight share structure.

Based on those factors, its positioning on the chart, and the volatility which is characteristic of such a subpenny play, we’re going to want to keep an eye peeled for more solid swings to the upside in sessions to come.


Misonix, Inc. MSON

We’re also looking at MSON this morning, which we like for the setup of the chart. As you can see on the snapshot below,  a major selloff occurred yesterday, and the stock is making its way down to a previous level of support, which we’ve pointed out.

We’ll be looking for it maintain above that $5-level, and some subsequent bounce action. At present the stock is screaming toward heavily oversold territory, so it’ll be interesting to see how it unfolds from here, all things considered.


Extended Watchlist:
NAVB, CPRX, CAR, GLRI, XLIT, COSI, ANDR