Tag: NAVB

Blue Horseshoe Stocks: Options Review, Fresh Plays & More

PLCE Options Recap

On Tuesday, we submitted our interest in PLCE Weekly $70-75 Calls for a quick mid-week strike, and what we got instead was a supremely strong performance that lasted the remainder of the week.

On Wednesday, contracts within our target range yielded gains from 112-315% On Thursday
possible profits were a bit more subdued yet still highly respectable, giving us chances at gains ranging from 30-100% on the day.

On Friday, our idea managed to offer up yet another solid performance. The $70 Calls ran 45% intraday from 3.19-4.64, while the $72.50’s scored a double-bag-plus gain for the third straight day, spiking from .90-2.18, a 142% swing.

Breitburn Energy Partners, Inc. BBEP – Update

In Thursday morning’s premarket report we signaled BBEP as a “Bankrupt Bottom-Bouncer” slating it for observation, and the tag came with excellent timing. Despite a recent Chapter 11 filing looming, we managed to catch it at a bottom and track it over an impressive gain. Observing a low of .055 Thursday, we watched as the stock subsequently ran to a high of .11 Friday for a perfect 100% session-over-session upswing.

BBEP closed at .07, and in order for us to remain interested in the play moving forward, we’re going to need to see it maintain support at or above the channel between .06-.065 on any pullbacks.

MyDx, Inc. MYDX

We’ve taken notice of a stock that is showing a confluence of several attractive features at the moment in MYDX. What we’ve got here is a play that qualifies as a low-float, low volume, bottom-bouncer, and it’s got an interesting back story to boot.

MYDX produced a strong bounce off of its recently-recorded 52-week low (.17 on 05/18-05/19) on Friday, after crumbling for a more than 50% loss since the beginning of last week, when it was trading around .40.  We’re going to want to keep an eye peeled for signs of a continued rebound as we kick off this new trading week.

The company’s intriguing product is a chemical purity analysis tool, which you can learn all about at https://www.cdxlife.com

Bottom-Bounce Watchlist: Castle Brands, Inc. ROX and LendingClub Corp. LC

Extended Watchlist:
ONCI, NETE, NAVB, MESG

Blue Horseshoe Stocks: Wrapping Up the Short Week

American Green, Inc. ERBB

As we prepare to adjourn for the long holiday weekend, we want to circle back to an alert we issued on Monday regarding ERBB’s status as a potential bottom-bounce play. The resulting action fit neatly into that category, and all in all the stock went on to log solid move for the week.

It began with an initial dip to .0037 Monday, where the rebound began to occur. Yesterday the stock registered a high of .0045; that hashes out to a solid three-session swing of 22%

With the stock closing at .0042 yesterday, maintaining a good portion of its advances, we’ll want to keep a spot reserved on our watchlist for ERBB. We’ll look for it to continue registering higher highs and higher lows, and maintain support at the .0037-.004 range, eventually breaking back above resistance at .005.

Pervasip Corp. PVSP

PVSP is an old favorite favorite of ours; we tracked it over more than a thousand-percent gain early this year, as well as a nice 66% intraweek swing at the time of our last mention in the 1st week of June. The stock has been heating up again this week, with the PPS cracking above the 50DMA (.0014) yesterday, and managing a strong close one tick above at its high of day at .0015.

We’re going to look for the stock to make a strong finish to this short week, and keep our ears to the tracks for the forthcoming acquisition update promised in Monday’s letter to shareholders.  Apparently PVSP is putting the finishing touches on obtaining “a revenue-producing retail distribution company servicing the hydroponic and indoor grow facility market in Denver, Colorado.“ so we’ll be keen to receive further information on that when it becomes available.

Definitive Rest Mattress Co. DRMC

We wanted to recap the action on DRMC following its appearance in yesterday’s morning report. The stock executed a dip-and-rip pattern around midday that carried it over a range from .0027-.0035; an intraday move of +30%  This occurred on almost 3x the monthly average volume, but in and of itself the volume was still relatively light. A pickup in buying pressure could really send DRMC for a ride, so we’ll keep watch for that, and for the stock to continue maintaining support above the 50DMA.

SPY Options Update

On Tuesday, we formulated an idea for trading SPY options on the heels of some market pressure caused by the uncertainty surrounding the current situation in Greece. We would look at 205.50-207 Puts and Calls until a trend was firmly established, and then determine our course of action. When the SPY found support above the 200DMA and began to rebound, that’s when we were able to identify the Call-side as the way to play, and the bulk of the action came in the $207’s during yesterday’s session.

There were multiple swings of significant magnitude which provided potential gains. First, from .90-1.26 (40%), followed by another from .75-1.00 (33%), and a third which ranged from .66-1.05 (59%). That worked out to a cumulative total of 132%  for the day.

Extended Watchlist:
HNSN, PVCT, BLDP, NAVB, TSLA($275-280 Calls, watch for dip-and-rip)

Blue Horseshoe Stocks: Options Review & More

Yesterday’s Options Ideas

The options ideas contained in yesterday’s premarket report ended up performing extremely well for us, further outlining why we focus so often on options trading.  

For American Eagle Outfitters, Inc. AEO, we were interested in $15-16 Weekly Calls after noticing its earnings beat, and we met with possible gains in all cases:

-The $15 Calls traded as low as .80 before hitting a high of 1.25, a gain of 56%

-The 15.50 Calls traded as low as .30, and hit a subsequent high of .75; an intraday increase of 150%

-The 16$ calls traded as low as .16 and hit a high of .35, which is equal to a 118% move.

Abercrombie & Fitch ANF was trending in the opposite direction, so we ventured a few conservative ideas* for Weekly $23-24 Puts and the stock continued its decline throughout the session, enabling considerable profits:

-The $23 Puts saw a low of .87 low and closed at 2.74 for an impressive 215% run.

-The $23.50’s rose from a 1.20 low and ended up closing at 3.00, marking a 150% jump.

– The $24 Puts went from a 1.53 up as high as 3.84, an intraday gain of 151%

This morning, ANF is continuing its decline in premarket trading, so traders who chose to hold any of these contracts would be up even more than the figures listed here.

*Please note that the contracts we selected, while they obviously did extremely well, were fairly deep into the money so as to play it relatively safe. Traders looking to assume a bit more risk could have chosen to strike outside of the money, and it would have paid off in a big way. For an example, we can refer to the ANF $21 Puts which traded in a range from .10-.90. (+800%).

Infosonics Corp. IFON

After appearing in yesterday’s extended watchlist, IFON rapidly produced a hearty early-morning rip. The stock opened up at 2.34 and ran as high as 3.18 in the first ten minutes of trading! Quick-witted traders could have come away with rapid gains of up to 36%

Extended Watchlist:
EYES, ARWR, ONCY, AVEO, NAVB