Blue Horseshoe Stocks: MYO, HOS Reviews & More

Myomo, Inc. MYO

In terms of intraday gainers, MYO stole the show on Friday after appearing in our premarket report. Considering the fact that it was a ten dollar stock to begin with, the single-session rip we got from this play was fantastic.

From a low of 10.10 in the morning, MYO cruised its way to a high of 18.20 on over three times the monthly average volume. That worked out to an 80% move, and the stock closed with strength.

We’re going to be looking to MYO again as we kick off a new trading week today, as the stock has already bested Friday’s highs in premarket trading this morning. There may be a dip-and-rip formation, or a straight continuation of momentum, but either way we’ll want to see higher highs and higher lows established in order to confirm MYO as a multi-day runner and remain interested.


Hornbeck Offshore Services, Inc. HOS

Coming in as an honorable mention, also from Friday’s report, was HOS. The stock traded up from 2.26 and ran as high as 2.93. That logs as a intraday rise of 30%, and it traded six times its 30-day average volume.

Like the above-mentioned play, HOS had a pretty solid close, and is showing signs of potentially sustaining the trend it established leading into the end of last week.


Smart & Final Stores, Inc. SFS

Many grocery stocks took a hit at the end of last week amid the huge Amazon-Whole Foods deal, and there could definitely be rebound opportunities forthcoming as a result.

One such stock that caught our eye is SFS, which was hammered down to new 52-week lows on Friday. Purely from a technical standpoint we’d be interested in this for potential bottom plays in the stock and the options chain as well. We’ll signal the SFS 08/18 $10 Calls for observation over an extended term.


Extended Watchlist:
RIGL, RWLK, WKHS, BVXV, BSTG, MSDI, ORIG

Blue Horseshoe Stocks: Winning LVS Options & More

Las Vegas Sands Corp. LVS – Options Recap

To correspond with the surprise news that Macau gambling revs broke a two year pattern of disappointment, we prepared ourselves with a few options ideas yesterday, and while they all provided opportunities to an extent, the one that shone through as the clear winner was Las Vegas Sands.

We zeroed in on the LVS Weekly $51-52.50 Calls for potential daytrading chances, and regardless of the chosen strike price, multi-bag intraday gains were there for the taking. The possible profits were as follows:

$51 Calls – Range: 1.18-2.83 – Max Gain: 140%
$51.50 Calls – Range: .85-3.36 – Max Gain: 295%
$52 Calls – Range: .40-1.82 – Max Gain: 355%
$52.50 Calls – Range: .30-1.62 – Max Gain: 440%



Kibush Capital Corp. DLCR

After alerting DLCR in Wednesday morning’s premarket report, the stock has gone on a heck of a two-day run for us. Yesterday we mentioned that we’d keep an eye out for a continuation of the uptrend, and got just what we were looking for as the stock streaked to new highs for us.

It traded in a range from .0036-.0071, falling just shy of a double-bagger with a 97% intraday push, and from the low we observed on Wednesday morning subsequent to our initial report (.00297), it represented a two-session overall increase of 139%


Ocean Rig UDW Inc. ORIG

We’ve also got a potential bottom-play hitting our scanner this morning in ORIG, so we wanted to make mention of that as well.

All it takes is a quick glance at the chart to see why we’ll be interested in tracking the activity in this stock in sessions to come. We’ve got a strong double-bottom signal, a bullish MACD cross in progress, and the RSI is indicating that ORIG is presently oversold.

These are all factors we routinely search for, and when coupled with a sizable gap on the chart to the upside, and the fact that it was trading at three times its current price less than a month ago, we’ll certainly want to watch this one closely.


Extended Watchlist:
BTG, FSM, NGD, TRUU, CCLX, ICLD,

Blue Horseshoe Stocks: JCP Options Recap & More

JC Penney Co. Inc. JCP – Options Update

On Friday morning, we offered up a fresh options trading idea for JCP to track in the wake of an earnings beat for the retailer. The specific targets we selected were the JCP 08/19 $9.50-10.50 Calls and after the excellent intraday move from JCP itself (9.70-10.72) each of those sets of contracts yielded the chance at some big-time single-session gains.

The total possible profits for on the day for each were as follows:

$9.50 Calls – Range:  .44-1.16 – Max Gain: 164%
$10 Calls – Range: .16-.79 – Max Gain: 394%
$10.50 Calls – Range: 1.23-2.61 – Max Gain: 640%

With the expiration on these contracts set for Friday, we’ll have the remainder of the week to continue observing these plays if the activity in JCP stock allows.


El Capitan Precious Metals, Inc. ECPN

We also want to provide an update on the performance of another idea we submitted to our readers last week,. We tagged ECPN for observation in Wednesday morning’s premarket report, and the stock spent the next three sessions trending up.

The low we witnessed on Wednesday came in at .1222 and that eventually gave rise to a new high of .1989 on Friday afternoon, marking a solid three-day swing of 63%  It also managed to close quite near its high-of-day, so we’ll be interested to continue following its progress as we kick off a new trading week.

It’s also worth it to mention that at present, ECPN is receiving a rare 100% ‘Buy’ Rating across the board for short, medium, and long term over at BARCHART.COM.


Extended Watchlist:
EPSC, INMG, ORIG, GOGO, TNXP

Blue Horseshoe Stocks: BAC Options Recap & More

Bank of America Corp. BAC – Fresh Options Idea

We went bullish on BAC yesterday, confident that a rebound after Brexit-related losses could propel a set of options contracts to some sizable intraday gains. We were right on in our assessment, and after both an early morning rip, followed by a pullback and run-up into the close, were presented with multiple quick-strike opportunities.

Each of the two sets of calls we signaled, the BAC Weekly $12.50 and $13 Calls, ultimately provided us with two solid chances each:

$12.50 Calls – 1st Run: .22-.32 (+45%) – 2nd Run: .20-.37 (+85%)
$13 Calls – 1st Run: .08-11 (+37%) – 2nd Run: .05-.12 (+140%)

BAC is gapping up once again [currently trading in the 12.90-range] in the premarket, so it would appear our observed contracts are in line for a chance at another productive session. To reiterate our statement from yesterday’s report,  if BAC looks as if it will breach the 13.50-mark, we’ll be looking to roll up our strike price to that level.


Petroleo Brasiliero S.A. (Petrobras) PBR – Options Recap

We recently signaled some longer-term calls in the PBR options chain, and just wanted to take an opportunity to update our readers on the potential gains that have been made possible there.

This past Friday, we signaled the PBR 07/15 $6.50 and $7 Calls  and have been pleased with the subsequent activity. Monday’s dip provided an excellent buy opportunity as the $6.50′s traded as low as .30 and the $7′s traded as low as .15. Yesterday, we observed the $6.50′s close at .50, and the $7′s close at .27. That worked out to intraweek gain opportunities of 66% and 80%, respectively.

We’ll want to keep these on our radar, with two weeks yet remaining until their expiration date.


Fresh Options Ideas:

We’re already options-heavy this morning, so we figured why not formulate a couple more ideas to add to our pool of interests:

The Markets are gapping up big again today, and if today’s activity is at all like yesterday’s dip-and-rip scenario, we will want to pay close attention to the SPY Weekly $204-206 Calls. We’ll also be tracking the NKE Weekly $52-54 Calls on the heels of Nike’s post-market earnings beat yesterday.


Extended Watchlist:
USLV, TEF, ORIG, WTW, CPST, WATT

Blue Horseshoe Stocks: Options Review, Fresh Ideas & More

Wynn Resorts Ltd. WYNN – Options Review

It was the wide range of options contracts we highlighted in the WYNN chain that stole the show among our interests from yesterday morning’s premarket report.  We signaled the WYNN Weekly $93-96.50 Calls for observation, and not surprisingly, saw appreciable intraday gains from every single one of them.

Just take a look at the excellent single-session profits that were on the table for traders who fell in step with our idea. There was literally no way to go wrong with these selections, but at the top end of the range, the $96.50′s were obviously the star of the show with a nearly incomprehensible intraday move of more than 2700%!

$93 Calls – Trading Range: 2.98-7.68 – Max Gain: 158%
$93.50 Calls – Trading Range: 3.61-7.15 – Max Gain: 98%
$94 Calls– Trading Range: 2.53-6.20 – Max Gain: 145%
$94.50 Calls – Trading Range: 3.71-6.08 – Max Gain: 64%
$95 Calls – Trading Range: 2.40-5.62 – Max Gain: 134%
$95.50 Calls– Trading Range: 2.43-5.00 – Max Gain: 106%
$96 Calls – Trading Range: 1.47-5.00 – Max Gain: 240%
$96.50 Calls– Trading Range: .15-4.30 – Max Gain: 2766%

The stock is gapping up again this morning, so we expect the figures on these gains to be pushed even higher upon commencement of trading at the opening bell. We’ll also look for opportunities at a higher strike range with the $100-103 Calls as well.


Fresh Options Ideas

We’ve formulated a number of other options trading ideas to close out the week, but please heed our standard warning regarding Friday trading of weekly contracts- Only expert traders should attempt such a high-difficulty and risky venture. Both of the following are options chains from which we’ve pulled down mammoth gains on countless occasions in the past: 

SPDR S&P 500 ETF (SPY) - For the SPY, which of course is a general market analog, we’re going to be monitoring Weekly $205-207 Calls with both the general markets and oil gapping up this morning.

Petroleo Brasiliero S.A. (Petrobras) PBR - For PBR we’re zeroing in on the Weekly $5-6 Calls. PBR has made notable intraday upswings on more than one occasion this week, and a continuation of that pattern could lead to some nice gain figures for these contracts.


Extended Watchlist:
FRFS, MAXD, AVXL, AXAS, LEI, ORIG, SDRL, UWTI, WTI, BGMD(Bottom-bouncer)