Blue Horseshoe Stocks: NFLX Recap & More

Netflix, Inc. NFLX – Options Recap

On Tuesday morning after Netflix came out with its quarterly report and soundly exceeded expectations, we entered an options idea for the NFLX chain into the log in our premarket report.

We followed up with a recap of the gains made possible on Wednesday, which ranged from 65-100% but after a continuation of its bullish trend through yesterday, we observed some excellent new highs.24.50-

So we want to finish off the week by updating the figures on the total possible gains in our highlighted NFLX contracts, from Tuesday’s lows to yesterday’s highs.

$247.50 Calls – Range: 4.87-24.50 – Max Gain: 403%
$250 Calls – Range: 3.66-22.30 – Max Gain: 509%
$252.50 Calls – Range: 2.68-19.80 – Max Gain: 639%
$255 Calls - Range: 1.90-17.30 – Max Gain: 811%

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Fresh Idea:
Intel Corp. INTC Weekly $47.50-48.50*

*Please do not attempt to trade weekly options on a Friday unless you are an expert level trader with disposable funds. It’s one of the riskiest activities out there!



MannKind Corp. MNKD

We’ve been following MNKD for quite a long while, that’s why at the end of last month when we saw the stock fall to its lowest PPS since before the huge run back in the fall, we immediately signaled it as a bottom-watch play.

That was the morning of December 22nd, just prior to the holiday break. The stock saw its low of 2.30 the following session, on December 26th, and has since recovered much of the ground it had lost. Yesterday, possibly as the result of a short squeeze, the stock soared to a high of 4.05. That works out to a respectable 76% upswing in just one month’s time.

It remains to be seen if the stock can retest the impressive highs we saw from it back in October.


Extended Watchlist:
BOLD, ENRJ, HGT, RAS, LMFA, NBEV, MYSZ, GALT,

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Blue Horseshoe Stocks: NFLX Options & More

Sorrento Therapeutics, Inc. SRNE

Recently we’ve been delving back into our reports from late 2017, to review the ones that have made notable moves, and next up on the list SRNE.

We last signaled our interest in this as a bottom-watch play back on November 16th, and while it took a couple weeks for it to get out of its sideways-trading funk, the beginning of December brought the start of a fantastic run from an ultimate low of 2.15 that has persisted into the present. Yesterday the stock reached a new annual high of 8.05 (highest PPS since October ’16), marking an increase of 274%

This most recent push in what has definitely been a steady but sharp rise of the past six weeks may have been helped along by Celgene’s (CELG) buyout of Juno Therapeutics (JUNO), which share a market space with SRNE. The company also has some promising treatments in its pipeline.

Volume has recently been ramping up in a big way, too, so we’ll definitely continue to have an eye on this stock’s activity.


Netflix, Inc. NFLX – Options Idea

We’re always looking for a good opportunity to make some quick gains in the wake of a big company’s earnings, and NFLX is one that we’ve had quite a bit of experience with in that arena.

That’s why we’re going to enter an idea into the log this morning in the NFLX Weekly $247.50-255 Calls as the company posted a promising report including the addition of more than eight million new subscribers even despite its recent price increases.

Shares of NFLX broke a double top and are in blue skies, hitting a new all time high, so we’re very interested to track the ideas we’ve identified. They may be able to furnish us with some impressive gains.


Extended Watchlist:
CNET, ROKU, FATE, RMD, FNJN, VYGR

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Blue Horseshoe Stocks: DIS, TRXC Recaps & More

 TransEnterix, Inc. TRXC

We made a good catch when we included TRXC in yesterday morning’s premarket report, after it was reported that the company’s robotic surgery device got the regulatory approval it needed.

The result was a very nice run from a low of  2.15 to 3.05, the highest PPS the stock has seen since the spring of 2016. That works out to an intraday push of 42% and this morning TRXC is edging even higher in before-hours trading, so we’ll want to continue to keep an eye on it moving forward.


Walt Disney Co. DIS

We highlighted some options ideas for Disney yesterday morning, after noticing that it had  a nice bottom setup on the chart, trading near its ten-month lows.

For a near-term idea we signaled the DIS Weekly $96-98 Calls and among those five contracts, three produced opportunities for solid single-session gains.

$97 Calls – Range: 1.15-1.57 – Max Gain: 37%
$97.50 Calls – Range: .81-1.22  – Max Gain: 51%.
$98 Calls – Range: .49-.89 – Max Gain: 82%

We also noticed that the $98.50s had the highest open interest, so we will want to roll up our observed range a little and keep an eye on those for the remainder of the week.


Netflix, Inc. NFLX

We also want to put a few options contracts in the NFLX chain on watch. The stock has been in a general uptrend for nearly all of 2017, with the exception of one month between late July and late August. Currently the stock is approaching extreme overbought levels on the strength index just as it was prior to that downturn.

On the flip side, boosted guidance and a strong earnings call this morning could make things interesting. Due to these opposing factors, we’re going to want to watch some contracts on both sides of the fence, depending on NFLX’s behavior once regular market hours kick in.

If the stock can’t get above $207.50, we’re going to zero in on the NFLX Weekly $207.50 and $205 Puts. Conversely, if it holds above $200 on any pullbacks, we’ll focus on the Weekly $200-205 Calls.


Extended Watchlist:
GSAT, MYSZ, NETE, TERP, SYNT, VYGR, NEOT, CLRB

Blue Horseshoe Stocks: Options Success & More

Options Success

Netflix, Inc. NFLX – Options  -We signaled a range of options contracts on NFLX in yesterday’s premarket report, citing the earnings beat of the previous afternoon. We specifically mentioned that we were looking out for a dip-and-rip formation on the chart and the stock produced a classic example of such. NFLX’s big day, which ultimately facilitated those multi-bag profit opportunities, was fueled by an impressive 5 million new subscribers to the Netflix streaming service.

Right out of the gate, it dipped briefly to the high $175 area before going on an hours-long bullish push to the upper $184′s. That activity led to some really nice gains in our highlighted options, the NFLX Weekly $172.50-180 Calls:

$172.50 Calls – Range: 3.80-12.75 – Max Gain: 236%
$175 Calls – Range: 2.50-10.50 – Max Gain: 320%
$177.50 Calls – Range: 1.40-8.30– Max Gain: 493%
$180 Calls – Range: .85-6.42 – Max Gain: 655%

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Nutanix, Inc. NTNX – We also want to circle back to recap the moves made by an options idea we included in Friday morning’s report. NTNX continued to climb yesterday, and so the NTNX 7/21 $20-25 Calls we signaled have turned up some really nice moves.

$20 Calls – Range: 1.65-3.90 – Max Gain: 136%
$22.50 Calls – Range: .40-1.56 – Max Gain: 290%
$25 Calls – Range: .05-.28 – Max Gain: 460%


Yesterday’s Movers

We also had a number of the stocks that we highlighted in yesterday’s report yield chances for solid gains, and of them gave us a reason to look out for further moves:

Caprico Therapeutics, Inc. CAPR - The biggest gainer of the day from our mentions and on the NASDAQ itself, CAPR traded in a range from a low of .901, on up to a high of 1.62. That worked out to an 80% rip, and it came on an incredible 291X the monthly average volume.

The huge session was catalyzed by the announcement that the FDA has granted Rare Pediatric Disease Designation to CAP-1002, Capricor’s development candidate for the treatment of Duchenne muscular dystrophy. (>>View PR)
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Marijuana Company of America, Inc. MCOA - There was a nice move in MCOA as the stock traded up 38% from .02685-.037 on close to five times its monthly average volume, and the table may be set for a continuation of the trend with a new PR hitting the wires this morning.

The company is reporting that it has received the first round of funding for a joint venture to construct a 30,000 sq. ft. greenhouse grow facility in Oroville, Washington. Once completed, the greenhouse facility will accommodate a cannabis production and processing tenant with a Tier 3, I-502 license… (>>View PR)
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Novavax Inc. NVAX - This one recorded a very respectable gain on the day, running steadily from 1.17 up to 1.53, a 31% upswing. More importantly, the stock maintained the vast majority of its daily advance into the close, so we’ll want to continue to track NVAX as well.


Extended Watchlist:
AEZS, ALSK, NCMI, XGTI, LEXG

Blue Horseshoe Stocks: Cannabis Sector Heating Up Again

Cannabis Comments

We got head-faked a little bit in terms of the cannabis sector in the past year or so. Leading up to last fall, anything even remotely tied to marijuana was going through the roof, with seemingly no end in sight. Then a regime change in Washington led to the appointment of self-avowed cannabis hater Jeff Sessions to the head of the DOJ. That led to a considerable cooling of what was previously the hottest market sector.

That being said, it has been business as usual for companies operating in the space in places that have taken the step of ending prohibition. Growth is happening all around, and the investment community has taken notice. The cannabis sector is showing signs of heating up once again, so we want to return to some of the plays we’ve covered in the past and highlight a few that could stand to see some good moves in the days and weeks ahead.

Dewmar International, Inc. DEWM – We just signaled our interest in DEWM in Friday morning’s premarket report, and the stock made a solid two-session swing. From Friday’s low of .0108 to .0163 yesterday, marking a move of 51% We’ll want to continue to track its movements,particularly after this morning’s news.

DEWM announced today that it filed a provisional patent with the US Patent and Trademark Office for the treatment of lung cancer with cannabinoids, so that’s going to be another interesting storyline to follow with respect to DEWM.
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Also going on our refreshed cannabis watchlist of previously tracked stocks will be PNTV, POTN, MCIG, MCOA, and TRTC.


Netflix, Inc. NFLX – Options

We’re always looking for a good post-earnings options play and we may have one with NFLX this morning. Up 10% in premarket trading on a solid beat, we’re going to be looking for a potential dip-and-rip scenario that could lead to some hefty intraday moves. Our targets are going to be the NFLX Weekly $172.50-180 Calls.


Extended Watchlist:
CAPR, MBRX, MDGS, NVAX, OPK OPCO, TTOO, RAD