Blue Horseshoe Stocks: SNDX Recap, Options & More

Syndax Pharmaceuticals, Inc. SNDX

Despite the markets getting crushed yesterday we managed to find and tag in our premarket report, what would ultimately be the NASDAQ’s top gainer of the day. SNDX had been gradually coming up off a bottom in the few sessions prior, but yesterday things really kicked into gear.

It traded in a range from 10.76 to 15.335, a fantastic intraday move of 43% which is really impressive for a $10+ stock. That move inside of the first 90 minutes of the session. That was followed by a dip-and-rip pattern from 12.16 and back to 13.62; a 12% rebound into a strong close at 13.58

The stock traded 56x its 30-day average volume yesterday, and held more than half of its daily advance, so we’ll be treating this as a potential momentum play as we head into week’s end, looking out for higher highs and higher lows out of SNDX.


Fresh Options Ideas

Speaking of the markets getting crushed, it appears as if we may see a continuation of that pattern today, so we want to have a few sets of options ideas to fall back on in the event of a continued slide.

Alibaba Group Holding Ltd. BABA – BABA had been on an incredible bullish run for the better of part of 2017 thus far as you can plainly see on the chart snapshot we’ve included here. You can also see that the strength index is sharply declining after having recently been indicating the stock was extremely overbought.  We can also see the MACD pinching toward a bearish cross.

That’s why, along with an earnings miss in the premarket and the overall current of the markets as a whole, we’re looking at the BABA Weekly $120-117 Puts for potential quick-strike swing trades.


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SPDR S&P 500 ETF Trust (SPY)  – Also in the vein of our general bearish view of today’s overall conditions, we want to line up a set of SPY Puts for observation. Our regular readers know that the SPY is one of our favorite market analogs, and has been a wellspring of gains for us on the options front when we correctly gauge investor sentiment.

Today we want to put the SPY Weekly $237-235 Puts on watch, as a sustained tumultuous period for stocks would likely produce some good chances for us there.


Extended Watchlist:
P, GLYC, CYTR, ETRM, XGTI, VSLR

Blue Horseshoe Stocks: SRPT Options Through the Roof & More

Sarepta Therapeutics, Inc. SRPT – Update

We caught SRPT Wednesday on the heels of the stock’s 52-week low, and immediately pounced with an options idea. The SRPT Weekly $10.50 and $11 Calls produced gains of 237% and 159% respectively that day, and when we followed up in yesterday’s premarket report, we made sure readers understood that those gains would “pale in comparison” to the ones we expected once the session kicked off. We were absolutely correct.

The $10.50′s which we caught at .40 on Wednesday, set a new high of 4.23 to extend our total possible gains to 958%   $11′s whose low from Wednesday was .39 rushed to a high of 4.04, marking a two-day swing of 936%

Pertaining to SRPT stock itself, the two-session move has been impressive there as well, trading up in a range from 8.00 to 15.38, for a highly respectable 92% increase. Cheers to any of our followers who caught on with SRPT, because there were profits to be made across the board!


Chatroom Reminder

We don’t inundate our readers with reminders about our daily live traders chats (Open to all, just send a Skype contact request to ‘stocksumo‘) but every so often we like to give everyone a peek into what typically goes on.

We had our old friend DJ provide the room with a trio of ideas at midday in the shipping sector and all three (PRGN, EGLE and DRYS) continued to stack on some serious gains subsequent to the alert.

Once again, we welcome participation on any level from all of our readers, even if you just want to drop in and see what’s buzzing in the room. Just send that Skype contact request to our very own ‘stocksumo’ and he’ll get you in right away!

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Bonus Shipping Play: We also want to add GLBS to the list of shippers we’ll be monitoring after this sector-wide momentum boost. We’re looking for a continuation of that today and possibly into next week.


Fresh Friday Options Ideas

We’ve got a few prime ideas based off of more Q1 earnings beats, so it’s time to put our options-trading hats back on for the following three plays:

Amazon.com, Inc. AMZN  – Weekly $670-680 Calls

LinkedIn Corp. LNKD – Weekly $132-134 Calls

Shire plc SHPG – Weekly $190-192.50 Calls

*As we always caution our readers, remember that trading weekly options on Friday is very risky. To be attempted only by expert traders!


Extended Watchlist:
ROVI, HK, MNST, P, DWA

Blue Horseshoe Stocks: Fresh Options Ideas & More

Gilead Sciences, Inc. GILD – Options

We’ve been hot on the trail of GILD Calls since Wednesday, when we brought forth the idea of using the $97 and $98 Calls to take advantage of GILD recovery from a beating it had taken following a mixed-result earnings call. Both sets of contracts brought us the chance to make major gains that day, with the 97′s and 98′s making moves of 226% and 253% respectively.

We reaffirmed our interest in those same calls in yesterday’s premarket report, and for the second day in a row, we were extremely pleased with the intraday opportunities afforded to us.

The $97 Calls, after trading as low as .79, would go on to set a daily high of 2.20, a 178% rip. The $98 Calls went on a run from 1.27 to as much as 3.05, a 140% increase.

Cheers go out to anyone else who was able to take advantage of our meticulous coverage of this excellent play this mid-week. It’s just the latest in a long line of great options trading ideas we’ve had so far in 2015, so even if you’ve missed everything up to this point, you’re not too late, because we have no intention of slowing down now!


Fresh Options Ideas

Twitter, Inc. TWTR

Twitter had an earnings beat post-market yesterday, and as a result the stock is gapping up significantly this morning. Our next potential area of interest is going to be with the TWTR $45 Calls. (Last Traded @ 1.00)

LinkedIn Corp. LNKD

Another social media earnings beater was LNKD, and in this case we’re going to be looking at Calls in the $260-263 range.  ($260′s last trade: 2.32 -  $262.50′s last trade: 2.00)


Rich Pharmaceuticals, Inc. RCHA

In addition to yesterday’s successful options plays was a stock we also mentioned in our morning report that went on to behave exactly as we predicted.

After making a huge run that topped 1700% the day prior, we mentioned our expectation that RCHA would pull back off of its extreme highs and offer us a subsequent bounceplay, and indeed it did.

The stock came down as low as .0091 before recovering to a daily high of .019. That was good for gains of up to 109% on the rebound.


Extended Watchlist:
P, GPRO, CRGP, ENZR, PEII(Potential Bottom Bouncer)

PPHM | Peregrine Pharmaceuticals Inc & Extended Watchlist

Peregrine Pharmaceuticals, Inc. PPHM

We’ve had PPHM on our radars for the better part of a month now. In that time, there has been quite a few opportunities to get in and out at a nice profit. At the time of our first alert, on August 14th, it experienced one of its biggest volume days ever, trading over 12.5M shares.  We reminded our members of PPHM’s explosiveness last Thursday. On Friday, the stock traded a whopping 29M shares, accompanied by a significant price increase. The stock touched a low of 2.68 before surging 90% to 5.08, and closing at 4.50. With all of the increased interest and activity, we want to keep an eye on PPHM moving forward.

The company had a lot of news out last week outlining various developments, including its intent to release financials today, premarket.

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Side Note: The APPL $680 Calls that appeared in our extended watchlist on Friday, at one point ran from .90 to nearly 3.00. Apple options continue to be an ongoing source of profits for us.

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Extended Watchlist:

MDHI, BBDA, AAPT, KMAG, SRGE, EGCT, IGC, MGM, P

UPZS, RENU, ADHC & Extended Watchlist

Unique Pizza & Subs Corp. UPZS

We first put UPZS on our watchlist on August 15th, at which time the stock was trading as low as .051. Friday, we saw a high of .13, making gains of 155% possible over that range. Yesterday the stock settled at .08, its lowest price since August 17th. The pullback served us up an opportunity to catch a bounce, or an entry for those that missed that first run. We’ve seen some additional newsletters covering this play as well, so we expect to see even more interest coming in on UPZS.

Today the company released some news regarding the progression of a previously mentioned LOI into a Definitive Agreement. Its all too often that we see companies on the penny market announce an LOI, and then fail to execute. That does not appear to be the scenario with UPZS.


Unique Pizza Signs Definitive Agreement to Acquire Pizza Fusion; Deal to Capitalize on Synergies With Pizza Fusion’s Organic Sector Leadership and Global Growth Business Plan

PITTSBURGH, PA, Aug 29, 2012 (MARKETWIRE via COMTEX) — Unique Pizza and Subs Corporation (PINKSHEETS: UPZS) today announced that it has signed a Definitive Agreement to acquire privately held Pizza Fusion Holdings, with closing expected by the end of the third calendar quarter. Pizza Fusion will become a wholly owned subsidiary of the parent company Unique Pizza and Subs. The Company announced on March 2 it had signed a binding LOI for the transaction.

The business combination capitalizes on Pizza Fusion’s acclaimed organic menu offering, eco-friendly practices, sector leadership position and global growth business plan. Further, it brings together and leverages Unique Pizza’s highly cost effective franchise business model, which enables the prolific roll up and rebranding of existing ‘mom & pop’ pizza restaurants under the Unique Pizza and Subs brand.
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Renuen Corp. RENU

We are still waiting on execution of an LOI announced by RENU in late July.  The stock had another strong trading session yesterday, hitting its highest point that we’ve seen in three months.  RENU hit a high of .006, and closed at .0059, a gain of 300% off its .0015 bottom that we observed at the end of July.

The way that the stock has been performing time and again, is what keeps us coming back to RENU.

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American Diversified Holdings Corp. ADHC

ADHC, our momentum alert from yesterday had a heck of a performance, dipping as low as .0063, before running as high as .0105, for an intraday gain of 67%  The stock continued to pick up volume, trading 3 million more shares than the previous day.

We’ll continue to watch for added momentum today.

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Extended Watchlist:
PRTN, BBDA, EGCT, GIHI, P (Pandora),