Tag: OWCP

Blue Horseshoe Stocks: Options Plays & Other Updates

Alcoa, Inc. AA – Options Idea

The range of options contracts that we signaled for observation on Tuesday for Alcoa went on to extend their gains, just as we mentioned they might in yesterday’s report. We were zeroed in on the AA Weekly $32-30 Puts, and as AA continued its backslide right on cue, the trading ranges were indeed bolstered by a good margin.

Here are the updated figures of the possible gains:

$32 Puts – Range: 2.64-4.95 – Max Gain: 88%
$31.50 Puts – Range: 1.93-4.47 – Max Gain: 132%
$31 Puts – Range: 1.57-3.98 – Max Gain: 153%
$30.50 Puts – Range: 1.16-3.44 – Max Gain: 197%
$30 Puts – Range: .65-3.02 – Max Gain: 365%


Other Updates

BioStar Pharmaceuticals, Inc. BSPM – After catching this stock’s fantastic 96% intraday run from 3.60 to 7.06 on Tuesday, the stock saw a big dip yesterday, along with a subsequent rip that could have provided an early morning in-and-out opportunity.

After coming down to 4.27 it traveled back as high as 5.23, an intraday move of 22%
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Agritek Holdings, Inc. AGTK – We tagged AGTK for observation in Friday’s report, at which time the stock was seen trading as low .0092. After a few sessions of nominal trading, yesterday the stock really kicked things into high gear.

We saw a 152% daily run from .011 to a new high of .0277, and from the low we witnessed less than a week ago, a total increase of 201%

AGTK falls under the category of cannabis related stocks, which we’ve been tracking more heavily of late and intend to continue doing through the upcoming elections.
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OWC Pharmaceutical Research Corp. OWCP – We followed OWCP on its epic run beginning two Thursday’s ago and continuing through all of last week, which carried it from .0045-.073 (+1522%).

We strongly suggested that a dip-and-rip would be in the cards when the stock finally began to pull back off of its highs, and this week our assumption was proved accurate. From Tuesday’s swing low of .0322, yesterday the stock surged back to actually set a new high of .074. That means the dip-and-rip we were waiting for allotted us potential gains of up to 130%

Delta Air Lines, Inc. DAL – Fresh Options Idea

We’ve had extreme good fortune with bearish options ideas this week, and this morning we’re seeing another chance to take advantage of a backslide. Like the situation we saw with Alcoa, Delta’s chart is looking toppy at the moment, and when combined with the reaction to this morning’s earnings call we think we may see some nice activity out of DAL Weekly $39.50-38 Puts. The company beat on Q3 profits, but fell short on revenue, and is dipping in the premarket as a result.

Extended Watchlist:
ASCK, MCOA, NWAV, SOUM, HCTI, SOAN

Blue Horseshoe Stocks: OWCP’s Epic Run Persists & More

OWC Pharmaceutical Research Corp. OWCP

At this point, over a week since we first alerted on OWCP, we’re beginning to run out of superlatives to describe the uptrend that has now persisted over the span of an entire trading week. It’s increased by leaps and bounds each day, and yesterday produced one of the biggest intraday rips yet.

From its morning low of .035, the stock pushed its way to a new high of .073 for a solid double-bagger (+109%) on the day, and an absolutely massive rise of 1522% over our observed low from last Thursday.

Just as we stated in yesterday morning’s report, we want to keep our heads on a swivel concerning OWCP moving forward. When this monstrous breakout finally does end, opportunities for a subsequent dip-and-rip may present themselves, and at that point we’ll be ready to strike once again.

Ruby Tuesday, Inc. RT

We haven’t talked about Ruby Tuesday’s in our reports for nearly two years, but we see good cause to take a moment to revisit it today. Instances in which we see clear-cut short to moderate-term opportunities in both a stock and its associated options chain are rare indeed, but it appears we have just that with RT.

As you can see on the snapshot below, it just set a new 52-week low yesterday, but there was a notable recovery before market close wherein the stock recouped more than half of its daily losses. It makes RT a prime bottom-bounce candidate, and our other favorite indicators, the RSI and the MACD are both strongly suggesting that a more sustained rebound could be in the cards.



Additionally, we’re going to keep an eye on the RT 11/18 $2.50 Calls for a possible short to mid-term options trading opportunity if the recovery in RT plays out as we suspect it might.

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Added Note: We also placed the DIS 11/11 $94-96 Calls on extended watch yesterday and the stock did begin to make the move up we were banking on there, so we’ll continue to track those closely as well.

Extended Watchlist:
AGTK, APYP, HNR, RGSE, PJET

Blue Horseshoe Stocks: Cannabis Updates, Options & More

OWC Pharmaceutical Research Corp. OWCP

We hardly need to tell our regular readers that we caught and alerted OWCP last Thursday at a low of .0045, because it has appeared in every single one of our premarket reports since then.

It’s rare to come across a multi-day runner of any duration, but one that continues for the span of an entire week without so much as a hiccup is really something special. Yesterday the stock parlayed its four-day head of steam into another great intraday run from .0261-.0468, a jump 79%  That new high represented an overall five-session swing totaling 940%

Huge cheers go out to anyone who has participated in this epic run, which is part of the cannabis space, a sector that we’ve been tracking more closely as the landscape has been heating up. We’ll continue to track OWCP, not only for the potential of continued momentum, but for the eventual consolidation and subsequent bounceplay that’s sure to arise when that occurs.

Cannabis Pharmaceuticals, Inc. CNBX

Speaking of the cannabis space, another related play that appeared in yesterday’s report went on to have itself quite a nice single-session performance.

CNBX traded in a daily range from a low of .06 to .0819 on more than triple the monthly average volume, and closed at that high. That was good for a 37% move, and with the bullish close to consider, we’ll certainly want to keep a close eye on CNBX for the possibility of continued momentum.

Catalyst Pharmaceuticals, Inc. CPRX

We’d also like to take a minute to update readers on the performance of CPRX over the past couple of weeks, a stock that we tagged for observation back on September 16th. On that day we observed a low of .99, and CPRX hasn’t dipped below that point since.

Over the past couple of sessions, things have really ramped up, with the stock setting a new high of 1.58 yesterday, up 60% from our witnessed low. That occurred on the third highest traded volume in the stock’s history, and the highest number of shares traded in a single day since 2013.

Aurinia Pharmceuticals, Inc. AUPH

While we’re on the topic of pharma plays we’ve tagged recently that have taken off to new highs, we also have to make mention of AUPH. We placed this stock on watch in Monday morning‘s report, and the ensuing run has been solid enough to warrant continued observation.

From a low of 3.07, the stock traded up to 4.13 (+35%) on roughly four times the monthly average volume, and is gapping up this morning to around $5, extending that figure even higher.

Fresh Options Idea – Disney Co. DIS

We like the current setup of the DIS chart, and the chances for a long-term recovery, so we want to signal a range of extended term options calls to correspond with that.

We’re going to radar the DIS 11/11 $94-96 Calls and keep track over them in the weeks ahead. .

Extended Watchlist:
QTM, VNR, FRO, CERU, DRRX, CPS