Blue Horseshoe Stocks: Pharma News

Pharma News Drives Sector

Somewhat of a reversal of fortunes has befallen major healthcare middlemen this week, and for them it’s good news. The Trump administration is doing a 180° on proposed changes to drug rebates that would have cost the healthcare industry.

The development is causing healthcare stocks to rise here in the premarket, and a few that have caught our eye in particular, are UNH, CI, and CVS. Each of these plays is flying high in early trading, so what we’re going to look for is a classic dip-and-rip scenario. Profit-taking right out of the starting gate should drive these stocks down off of their lofty premarket highs, and that’s when where we come in with the following ideas.

CVS Health Corp. CVS Weekly $57-58.50 Calls
Cigna Corp. CI $167.50-175 Calls
United Health Corp. UNH $250-255 Calls 


Extended Watchlist:
PCG, NAVB, TRNX, OMER, ATOS, HTGM, DPLO, KBLB

Blue Horseshoe Stocks: Closing Out Big Week

Arcadia Biosciences, Inc.  RKDA

We tagged RKDA for the first time since May in our extended watchlist yesterday morning, and we were met with a fantastic intraday rip. The stock traded up from a low of 6.93 and managed an intraday high of 10.40 before tapering back into the close. Daytraders could have made a pass at gains of up to 50%

That represents 8-month highs for the stock, a feat which was made possible by the company’s entry into the cannabis space. RKDA will hire a number of agricultural scientists/geneticists to develop ideal strains of hemp. It’s a story we’ll definitely want to follow.


Fresh Options Ideas

We’d like to close out this trading week by once again selecting a group of fresh options ideas to watch today.

Puma Biotech, Inc. PBYI Weekly $33.50-36 Calls*
Foot Locker, Inc. FL Weekly $65-68 Calls*
SPLK Weekly $141-144 Calls*
FNKO 03/15 $22-25 Calls

*Please do not attempt to trade weekly options on a Friday if you are not a seasoned vet trader with disposable funds.


Extended Watchlist:
FLKS, CPRI, PTLA, FOMX, FNKO, OMER, HABT, LXRX, NVCN, CIFS

Blue Horseshoe Stocks: Month-Long Runners

Geron Corp. GERN

It was just on Tuesday morning that we did a review of the performance of GERN, a stock we had initially tagged on February 5th. It had made considerable progress over a six week period, and after a fantastic session yesterday, the stock once again shot to new highs.

It ran all the way to an even 5.00, which from the 2.025 low we observed in early February, marks an increase of 147% This week has brought the highest volume, and now the highest PPS since 2015 for GERN. With the stock well into Blue Skies, we’re be interested to continue following its activity.


DURECT Corp. DRRX

Speaking of stocks on our radar that have enjoyed longer-term success, we want to talk about DRRX again this morning. We’ve been tracking this stock since mid-December (12/14), and in two separate runs here in 2018, we’ve seen it make fantastic progress.

We also included DRRX once again at the beginning of this month, and yet again on Tuesday of this week as the stock has continued to push its way further and further upward. This month alone it has risen from 1.2338 to a new high of 2.20, a gain of 78%

Subsequent to our original alert, DRRX registered a low of .875, and from there, yesterday’s high measures as a 151% increase.



NII Holdings, Inc. NIHD

In yet another month-long gainer, we have NIHD. We signaled out interest in tracking this play back on the last day of February and it has been steadily ramping its way up all month long.

We’ve witnessed a run from a low of 1.115, to yesterday’s new high of 2.28, marking a   104% intra-month move.


Fresh Options Ideas:

Petroleo Brasiliero S.A. PBR 03/23 $14-15 Calls
Conagra Brands, Inc. CAG 04/20 $35 & 36 Calls


Extended Watchlist:
ARQL, ATOS, OMER, RNVA, RSII, RXMD, TRHC, PRPO

Blue Horseshoe Stocks: RT Recap, Fresh Ideas & More

Ruby Tuesday, Inc. RT – Update

It was in our premarket report the Friday before last that we perfectly called the bottom on Ruby Tuesday, as the stock registered a new 52-week low of 2.08 that day. It spent last week pushing its way ever upward, reaching a high of 3.20 on Friday, which works out to an increase of 54%

The extended term options idea that we formulated, the RT 11/18 $2.50 Calls, have also broken out as a result. From the low of .05 on the morning of our first alert, to Friday’s new high of .60 represented an astonishing one week swing of 1100%

We’ll want to continue to keep ourselves abreast of the situation here as we kick off another trading week. We want to see RT continue to register higher support levels each day, and with plenty of time left until the expiration of those contracts, a sustained rally for the stock would mean more gains on the options side of things as well.


Hasbro, Inc. HAS – Options Idea

We’re seeing another potential options trading opportunity unfolding with Hasbro this morning on the heels of its premarket earnings beat. In this case, the stock has also recently come down to 6-month lows, and is approaching heavily oversold territory.  As our regular readers are aware, we’re always on the lookout for plays of this nature. Our targets of interest will be the HAS Weekly $79-81 Calls, unless the stock breaks 81, in which case we’d roll our strike price up to match the activity.


Sipp Industries, Inc. SIPC

We want to tag SIPC for observation this morning after running across a new PR in which the company disclosed that it has retired 395 Million shares (>>View PR).

Additionally, the stock has been in the process of consolidating off of a recent run to nearly a penny, so we’re going to be on the lookout for a potential dip-and-rip scenario.


Extended Watchlist:
CTRV, NEON, ENZ, OMER, UBQU,
STOY(Bottom-Watch)

Blue Horseshoe Stocks: OMER Review & More

Omeros Corp. OMER

We had a nice intraday mover in OMER yesterday after we caught the stock gapping up in early trading. Tagging it for observation in our premarket report was definitely a good move as the stock ran straight out of the gate from a low 22.51, and reached as high as 30.21 shortly after 11AM.

That’s an intraday increase of 34% which, for a stock in this price range, is quite impressive. If any of our readers were able to take advantage of the stock’s exceptional daily performance following our alert, we salute you!


Tesla Motors, Inc. TSLA – Options Update

We reminded our subscribers yesterday of the options idea we formulated on Monday for TSLA Weekly $250-265 Calls,  highlighting some of the early gains we saw out of contracts in the low end of the range. We also reiterated our interest in tracking the action in that range consistently over the course of the week.

It was a good thing that we did, because TSLA responded in kind, surging past the $260-mark toward the end of the session. As expected, that move was accompanied by some heavy activity within our specified range. Here’s a breakdown of some of the top profit possibilities:

$260 Calls – Range: 1.60-4.20 – Max Gain: 163%
$262.50 Calls – Range: 1.09-2.94 – Max Gain: 170%
$265 Calls – Range: .69-1.97 – Max Gain: 186%


Ascent Solar Technologies, Inc. ASTI – Bottom Watch

We’ve taken notice of ASTI this midweek as the stock has been on an absolute backslide for an extended period. One peek at the following snapshot reveals a heavily oversold chart. We’re going to put ASTI on bottom-watch, because when a rebound does occur, it could be very significant.

Cannabis Science, Inc CBIS

It’s been quite a long time since we checked in with CBIS. We’re making note of the stock this morning on the heels of a big PR yesterday with sent it into overdrive. We’ll be on the lookout for a possible continuation of momentum into today’s session.