Tag: ONCI

Blue Horseshoe Stocks: Options Updates & More

Shire plc SHPG – Options Update

The idea that we formulated earlier in the week with regard to the SHPG options chain has already provided us with gain opportunities, but the gap up we’re seeing this morning could really make things interesting. Just to refresh your memory, our target range was the SHPG Weekly $175-180 Calls.

With the stock gapping up big-time, having already hit a high of 185.00 in the premarket, anyone who entered one or more of these contracts prior to this morning will be in line to reap some serious profits right out of the gate.

Our observed lows for each set of contracts was as follows: $175 – 2.60, $177.50 – 3.00, $180 – 1.65. With every one currently being pushed deep into the money, it will be interesting to see the subsequent highs that are recorded today.

We feel it’s generally a good idea to lock in profits on a gap-up, just in case the stock retraces and fills the gap.

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FRESH OPTIONS IDEA:

Tesla Motors Corp. TSLA – Tesla took a gut-punch yesterday as Tuesday’s post-market announcement of its offer to purchase SolarCity met mixed reviews, and appears to be setting up for further backsliding.

Should this bearish trend persist into today’s trading session, we’ll be very interested in tracking the activity of
the TSLA Weekly $200-195 Puts.

BioScrip, Inc. BIOS

We also want to provide a brief update on BIOS, a stock we alerted on Friday just in the nick of time to catch a nice uptrend. From a low of 2.23 that day, the stock has recorded higher highs and higher lows every session since, culminating in a new high of 2.87 yesterday. That works out to a respectable four-session boost of 29%

We still like the look of the BIOS chart, which is showing hints of potential for further moves to the upside. Key resistance is sitting at the previous swing high of 3.10, so we’ll be on the lookout for a breach of that level,.

Extended Watchlist:
CTIC. XIV, BKS, PBR, ONCI, ZONX, RXDX(Potential bottom-play)

Blue Horseshoe Stocks: Bottom-Play, Options & More

Adaptive Medias, Inc. ADTM

To kick things off on a fresh trading week this morning, we’re going to return to ADTM, a stock we’ve been familiar with in the past. We want to approach this play as a bottom-watch candidate. The stock has been in a general downtrend for the better part of four months, and just recently had been bashed back to a new 52-week low last week.

The stock has fallen, in just a short period of time, down into subpenny territory from prices of more than a dime a share just a couple of weeks ago. We’re always intrigued when a stock undergoes such a rapid sell-off, because in many instances, it leads to a serious rebound-play opportunity.

Should we be able to properly time the bottom, the potential rewards would be staggering if the stock managed to regain even half of its recent lost ground from current pricing. We’ll be sure to watch closely for that possibility.

Bank of America Corp. BAC – Options Idea

Sometimes, when searching for trading opportunities, the best way to identify items of significance is to follow the money. In the case of this morning, we’ve noticed an exceedingly high amount of open interest in BAC Calls, and are going to be looking to signal some longer-term contracts for monitoring in sessions to come.

Our highlighted targets in this instance are going to the BAC 07/15 $15 & 15.50 Calls. With such an extended expiration, it’s going to give us plenty of time to see BAC stock begin to approach that $15-mark again, and if/when it does, the gains in these contracts should prove to be quite significant.

Extended Watchlist:
BCCI, ONCI, QLTS, QUTR, GRSU, AMRS

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