Tag: ONCY

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

Blue Horseshoe Stocks: ONCY Recap & More

Oncolytics Biotech, Inc. ONCY

ONCY emerged from our extended watchlist and stole the show yesterday with an exceptional intraday run. The stock saw an early morning low of .80 then proceeded to bull its way upward for the remainder of the session, breaking through the 200DMA (.92) and setting its daily high of 1.10 inside of the last hour of trading.

The spike was good for gains of up to 37% on the day, and ONCY held a vast majority of those gains, closing at 1.07. We were extremely pleased with our timing in flagging this play when we did; the strong performance came on more than 12x the 3-month average number of shares traded, setting a new 52-week high for volume in the process.

With the kind of breakout momentum we saw build up in ONCY yesterday, we’re going to continue to reserve a spot for it on our watchlist, provided the stock can maintain support at or above the .85-.87 area on any pullbacks. It’s gapping up in the premarket this morning, so there’s a reasonable chance of some early profit-taking today.

ONCY is currently being given a 88% Overall “Buy” Opinion Rating at BARCHART.COM

Ohr Pharmaceutical, Inc. OHRP

We also wanted to make a note of another of our stated items of interest which made a nice move right off the bat yesterday. OHRP came off of our extended watchlist to trade in a range from 8.55-10.58, a 24% intraday increase.

Volume came in at more 16x the 3-month average for the session. The stock held more than half of its daily advances into the close (9.78), and is gapping up slightly in premarket trading this morning. The stock will receive our continued attention in the event that it can hold support above 9.50.
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Biocept, Inc. BIOC

BIOC began appearing in our reports for the first time back on February 17th via our extended watchlist. Subsequent to that point, we witnessed the stock spike in a big way from a low of 1.35 up to a high of 4.91 just seven sessions later on February 25th; an initial run equal to an increase of 264%

After consolidating off of that high the stock found support at 2.73 on Friday before beginning to rebound. Yesterday brought a continuation of that recovery as BIOC found its way back to 3.94, which marks a 44% swing.

Extended Watchlist:
 MDR, FNJN, AMCO

Blue Horseshoe Stocks: Reviewing EYES, MNST & More

Second Sight Medical Products, Inc. EYES 

When we first began tracking EYES in last Tuesday’s morning report, the stock was trading at a low of 9.55, and it would spend the next two sessions bulling its way up as high as the 14.40’s. On Thursday, the stock underwent a slight consolidation, coming back to ultimately find support in the 11.80-range.

Then on Friday, EYES made another significant run as it exploded out of the gate at a low of 12.17 and soared to an afternoon high of 17.39. It marked an strong intraday gain of 47% on more than 16x the 3-month average volume.

That high also resulted in an overall increase of 82% above the low we observed on Tuesday morning, an incredible 4-day swing for a stock trading in this price range.

Friday’s Options Idea

We also want to take a minute to congratulate any of our readers who connected on our options daytrading idea for Monster Beverage Corp. MNST from Friday’s report. Just to refresh your memories, we speculated that $135-137 Weekly Calls might have been in line to see some rapid upward moves, and that’s precisely what occurred as the stock made its own solid run.

The first hour saw MNST trading the entire breadth of its daily range from a low of 137.72 to a high of 143.89, and as a result, our targeted contracts saw sharp rises in excess of roughly 200%

Added Reminder:

For some of our newer readers who may not be familiar with our operating procedures, EnXnet, Inc. EXNT is going to serve as an excellent reminder of why we encourage our subscribers to check our blog at BlueHorseshoeStocks.com each morning, even if you’ve already read our report via email or a republish on a Third-Party website.

Very often, we catch runners early in the session that were not included in our daily premarket report, and when this occurs, we place these symbols on our sidebar tracker.

Just such a occurrence came in the form of EXNT on Friday at approximately 9:50AM when we spotted it and placed it on the tracker. From that time on, the stock traded up 137% from a low of .04 to subsequent high of .095, so again, we encourage everyone to visit Blue Horseshoe Stocks after trading commences each morning to catch potential late-adds just like EXNT.

Extended Watchlist:
 ARCP, ATHX, OHRP, AXPW, ONCY, CYCC