Blue Horseshoe Stocks: New Options Plays & More

Turtle Beach Corp. HEAR

This morning to kick things off, we are going to take a look at HEAR, which has gained a bit of momentum over the past couple of sessions after bouncing off a bottom earlier this week. ‘

Technically speaking, the chart has everything we typically look for- a bullish cross of the MACD recently came to pass and we are now seeing clear upward divergence there, and the RSI just cracked the 50-line, indicating that it too is going bullish.

Couple those factors with the convincing surge off of the stock recent relative lows, and we are set up for a possible continuation of momentum, for which we want to be ready with an options idea. We’ll be tracking the HEAR Weekly 10/18 $12.50-15 Calls.

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More Options Ideas

SPDR S&P500 ETF (SPY) Weekly $283-284 Calls
Stitch Fix, Inc. SFIX Weekly $31-30 Puts


Galectin Therapeutics, Inc. GALT – Form-4 Alert

We also want to make mention of GALT, which has been trading sideways near its 6-month lows recently. During this period, we’ve noticed a nearly $20M buy from a GALT insider at these lows.

When this happens we usually like to place a stock on bottom-bounce watch, as it generally tends to suggest that the company director has reason to believe that the stock has reached as low as it’s going to go for the time being.


Extended Watchlist:
AMPG, BOX, TWI, CIEN, ONVO, HIIQ, PBYI, WMGR

Blue Horseshoe Stocks: LAHO Recap & More

Lans Holdings, Inc. LAHO

When we picked up on LAHO on Tuesday, it was what we refer to as a super-subpenny stock, trading at a low of just .0005/share. Over the past two sessions it has made an incredible move. Yesterday, after gapping up in the morning, LAHO went on to set a new high of .0017, which works out to a 48-hour swing of 240%

Following that high, the stock came back down to fill the gap it left, and we are going to want to see .0009 hold as support in order to give us a good likelihood of seeing further moves from LAHO in the near-term, but as it currently stands, it has already been a great intraweek play for us no matter how you slice it.


FRESH OPTIONS IDEAS

We’ve also got a pair of options ideas from companies that have untraded-upon earnings reports. We’re bearish on Palo Alto Networks, which reported yesterday post-market, and bullish on Dollar General, whose report dropped this morning in the premarket, including a solid beat on both earnings and same-store sales for the quarter.

PANW $202.50-200 Puts
DG $122-124 Calls


Extended Watchlist:
VTGN, BYND, CFMS, ONVO, REKR

Blue Horseshoe Stocks: Options Roundup

Weibo, Inc. WB

We targeted some bearish Weibo ideas in yesterday morning’s premarket report, and with the help of a rough day for the markets in general, we saw some excellent single-session gain chances from our highlighted contracts, the WB Weekly $46-44 Puts.

Out of the four contracts contained within our designated range, all four recorded double-bag gains on the day, which were as follows:

$46 Puts – Range: 1.55-3.30 – Max Gain: 113%
$45.50 Puts – Range: 1.18-3.10  – Max Gain: 163%
$45 Puts – Range: 1.05-2.50 – Max Gain: 138%
$44 Puts – Range: .55-1.80  – Max Gain: 227%
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Target Corp. TGT

On Wednesday, we offered up the TGT Weekly $75-77 Calls as an options idea, and we’re happy to report that all of those returned opportunities at multi-bag gains as well.

$75 Calls – Range: 2.26-4.55 – Max Gain: 101%
$75.50 Calls – Range: 2.00-4.05  – Max Gain: 103%
$76 Calls – Range: 1.46-3.45 – Max Gain: 136%
$76.50 Calls – Range: .91-2.81  – Max Gain: 209%
$77 Calls – Range: .70-2.58 – Max Gain: 270%


FRESH OPTIONS IDEAS
SPY Weekly $282.50-283.50 Calls*
HPQ Weekly $19-19.50 Calls
*
CVS 07/19 $52.50-55 Calls

*Please don’t attempt to trade weekly options on a Friday if you are not an advanced level trader with access to disposable funds!


Extended Watchlist:
AMPG, HSGX, DNR, DHT, PTN, AETI, DVAX, VSAT, MBIO, ONVO, GPN, VSAT, YRIV

Blue Horseshoe Stocks: ATVI Review & More

Activision Blizzard, Inc. ATVI

On Friday, our primary focus was a bottom play in the form of ATVI, which had just been beaten back to its lowest prices since December of last year. Our inclination was to signal a range of longer term calls in the options chain, and we had instant results from those ideas.

All four of the contracts contained within our designated range produced single-session gains of a significant nature.

$55 Calls – Range: 3.20-5.00 - Max Gain: 56%
$57.50 Calls – Range: 2.30-3.60 – Max Gain: 57%
$60 Calls – Range: 1.40-2.68 - Max Gain: 91%
$62.50 Calls – Range: .90-1.84 – Max Gain: 104%


Aurora Cannabis, Inc. ACB

We have followed ACB for years, but this is the first time we’ve done a feature on the stock since it was ACBFF trading on the OTC Markets. The company uplisted to the NYSE, making it one of the few cannabis plays to do so.

After having been trading at a relative bottom toward the end of last month, the stock has been gaining some ground, and is gapping up a bit this morning on the heels of its quarterly earnings report.

Aurora’s revenue increased four-fold, and its earnings surpassed $100M in the first report issued by the company since the legalization of marijuana in Canada barely a month ago. We’ll be very interested to follow up with its conference call and expected guidance, as well as track it more closely through this new quarter.


Cronos Group, Inc. CRON

Speaking of earnings, CRON has a report upcoming early this week, and despite the PPS tapering back over the past couple of sessions, we’ll be interested to follow along with its post-release activity.

We tracked CRON over its recent solid 53% run from 6.50-9.95, and we’ll be eager to see if a solid earnings report can help reinvigorate the stock. We also made some great options calls on CRON last week, which we may swing back around and do again tomorrow, with favorable enough quarterly figures.


Extended Watchlist:
AMH, APTI, UPL, GSL, TTNP, ONVO, SBGL, VTL(Bottom play)

Blue Horseshoe Stocks: Cannabis Reminder

Cannabis Reminder

With the cannabis counterculture holiday of 04/20 capping off this week on Friday, you can bet that our tracking of the cannabis sector is going to ramp up right along with many of these stocks.

It was back on the 4th of this month that we published an extensive list of marijuana industry stocks to track in anticipation of this event. For those outside the loop, “Four-Twenty” is a massive celebration each year on April 20th, to commemorate the cultural tradition of partaking in cannabis at 4:20pm on any given day. Cannabis companies use this as the perfect marketing ploy, and as a result, many do their highest sales of the year on the heels of this holiday.

A few of the plays we highlighted earlier this month have already begun to see appreciable moves on the chart. Take OWC Pharma (OWCP) for example. Since the 4th, the stock has increased from .20 to .30, a 50% rise in under two weeks.

We would expect to see similar, and even better gains coming from many cannabis stocks all across the board. That’s why we wanted to open up this week with a reminder to keep a close eye on anything even remotely tied to the space.

Just refresh, some of those stocks include, but are not limited to:

AGTK, HEMP, SGMD, SING, GRNE, GOHE, MCOA, MCIG, POTN, PNTV, RMHB, CANN, CBIS, ATTBF, GLDFF, GLNNF, NXTTF, MRRCF, SPRWF & CRON


Extended Watchlist:
SSC, NETE, ITCI, ERI, MBII, NAV, ONVO, LOXO, CLS