Tag: OREX

Blue Horseshoe Stocks: OREX Recap & More


Orexigen Therapeutics, Inc. OREX

On a day like yesterday, when the markets take an unexpected and brutal bath, it always helps to find a trend-bucker. Fortunately for us, all was not lost because we had included OREX on our watchlist in our premarket report.

Even as most other stocks wavered under the intensity of yesterdays bearish push, OREX ran from a daily low of .23 to a high of .39 for a 70% intraday run. It also closed with strength at .34, not too far below the area of a massive gap on the chart. We’ll definitely want to continue monitoring OREX, as even a partial filling of said gap would produce further gains of a significant magnitude.


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Bottom-Watch Plays

While we’re on the subject of bottom plays, we’re going to add both of the following to our working watchlist, as each one is extraordinarily oversold at the present time.

ReShape Life Sciences, Inc. RSLS
MoneyGram, International, Inc. MGI


Extended Watchlist:
AMPE, DFFN, CGEN, VATE, PLPL, CANB

Blue Horseshoe Stocks: Options Review & More

Lululemon Athletica Inc. LULU – Options Review

We wanted to start things off this morning by doing a review of our main topic of focus toward the end of last week, the LULU options chain. We had signaled the LULU Weekly $83-85 Calls on Wednesday, and saw some very nice moves ranging from 180-295% that first day. They finished off the short week nicely as well.

The following is the updated log of the overall two-day gain opportunities we observed after the stock once again went bullish during Thursday’s session. The range of potential gains was extended considerably.

$83 Calls – Range: 1.60-6.33  – Max Gain: 295%
$83.50 Calls – Range: 1.25-5.75 – Max Gain: 360%
$84 Calls – Range: 1.20-5.28– Max Gain: 340%
$84.50 Calls – Range: 1.00-4.69 – Max Gain: 369%
$85 Calls – Range: .82-4.33 – Max Gain: 428%

Facebook, Inc. FB 

With a strong finish to last week by the markets as a whole, a lot of the big name stocks saw a turnaround after several weeks of difficulty, and chief among those was Facebook. We like the potential for a more sustained recovery here, especially if the markets continue their bullish trend. We’re going to keep tabs on the FB Weekly $155-160 Calls.

Extended Watchlist:
ANY, ADAP, CVLT, CLWT, IPAS, OREX,

Blue Horseshoe Stocks: Options Review & More

Walmart, Inc. WMT

At the top of our report yesterday was an idea we formulated for the WMT options chain, the WMT 03/16 $90-93 Calls. WMT stock had been under pressure in the previous two sessions, and we got the start of the rebound we were looking for.

We’ll want to see that trend confirmed today with the registering of higher highs and higher lows, but as it stands, here are the gains that our idea yielded on the first day.

$90 Calls – Range: 2.70-3.90 – Max Gain: 44%
$91 Calls – Range: 2.30-3.20 – Max Gain: 39%
$92 Calls – Range: 1.78-2.56 – Max Gain: 44%
$92.50 Calls – Range: 1.62-2.26 – Max Gain: 40%
$93 Calls – Range:1.39-2.00 – Max Gain: 43%

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Avis Budget Group, Inc. CAR

We also said we were going to look for opportunities in the CAR 03/16 $42-44 Calls yesterday morning, and those got off to a good start as well. After gapping up considerably, the stock continued to run, facilitating the following intraday moves on our first day of observation.

$42 Calls – Range: 2.80-3.90 – Max Gain: 39%
$43 Calls – Range: 2,21-3.11 – Max Gain: 41%
$44 Calls – Range: 1.70-2.60 – Max Gain: 53%

Based on the premarket activity we’re observing this morning, we’d expect CAR to extend its gains, and see further increases in these contracts.


Progressive Care, Inc. RXMD

We also had RXMD in yesterday’s premarket report via our Extended Watchlist, and saw some good first day activity there as well. It caught our eye because of the huge run it had already previously been building up. We thought we could ride the wave, and it worked out nicely.

The stock traded up from a low of .0663, and went as high as .086, for a move of 30% on the day, and being in blue skies at the moment, there’s no telling when this ride will let up.

Extended Watchlist:
MYSZ, CHK, MOMO, COGT, OREX, TTD, LBCC, CORT