Tag: PLX

Blue Horseshoe Stocks: DE Options Recap & More

Urban Outfitters, Inc. URBN – Options Rehash

We have been hitting one home run after another with our options ideas recently, and kept the trend going on Wednesday before the holiday break. We offered up the Deere & Co. DE Weekly $143-146 Calls as a fresh idea for the day in our premarket report, and it turned out to be another good one.

All but one of the contracts contained within our highlighted range recorded single-session gains exceeding two hundred percent!

DE Weekly $143-146 Calls
$143 Calls – Range:  .82-2.50 – Max Gain: 205%
$144 Calls – Range:  .50-1.53 – Max Gain: 206%
$145 Calls – Range:  .30-1.00 – Max Gain: 233%
$146 Calls – Range: .19-.53 – Max Gain: 220%

From the looks of things this morning , we could actually end up seeing these ranges extended even further. Just be aware that the normal extreme risk associated with trading weekly options on a Friday is heightened even more in a half-day scenario like today.

General Electric Co. GE – More Options Ideas

We’ve been watching GE try to find a bottom for more than a month now, and finally, we’ve got a coupls solid signals that this could be the moment we were waiting for. Not only did the stock make a moderate rebound off of its newly-registered 52-week lows, but we’ve also noticed an enormous tranche of insider buying.

An order for 3M shares was executed earlier this week in the amount of roughly $53M. You don’t generally tend to see that kind of money sunk into a stock by someone in-the-know, unless they’re fairly certain that the current support will hold.

As a result, we are going to signal a range of options ideas here as well for a longer-term recovery play, with the targets being the GE 01/19 $18-19 Calls.

Extended Watchlist:
MARK, CLSN, UEPS, DMPI, SSC, SCZ, SD, PLX

Blue Horseshoe Stocks: IDXG Recap & More

Interpace Diagnostics Group, Inc. IDXG

We last talked about IDXG on the 16th of last month. (Please excuse us for being currently unable to provide the link to that report like we normally would, as our primary servers are located in Houston, and our service provider is still recovering in the wake of Hurricane Harvey.) Subsequent to that mention, we observed a low of .72 in IDXG, and the run we’ve seen has been pretty impressive.

Yesterday the stock hit 1.73, which represents a 140% increase, and the stock closed with strength just below its high of day, so we’ll be interested to see if there will be further gains in store. The key for IDXG will be to maintain above the NASDAQ minimum bid requirement of a dollar per share on any pullbacks.

Insmed, Inc. INSM – Options Update

We highlighted our interest in a set of options for INSM in yesterday’s report to try to take advantage of the flux in activity caused by the company’s positive Phase III results on its rare lung disease treatment study.

We saw the beginnings of what could be a good idea that we’ll want to continue tracking in the INSM 09/15 $27-30 Calls. The $27’s we’re the only ones that were pushed into the money, and they did manage an intraday run from a low of .95 to 1.60 for a 68% swing on the day. We’ll continue to keep an eye on these contracts if INSM can manage to record higher lows over the next few sessions.

Extended Watchlist:
VSTM, VYGR, BCRX, PTN, CBIO, IMUN, PLX

Blue Horseshoe Stocks: Options Review & More

ProShares Short VIX Short-Term Futures ETF (SVXY) – Recap

We had some positive jobs numbers which posted on Friday, and to go along with the direction of the market activity we were observing, we highlighted a range of weekly options contracts in the SVXY ETF.

Our targets were the SVXY Weekly $152-154 Calls and we did see some pretty good movement from plays in that range, which made appreciable moves on the day. Those total possible gains were as follows:

$152 Calls – Range: 2.34-3.91 – Max Gain: 67%
$153 Calls – Range: 1.86-3.54 – Max Gain: 90%
$153.50 Calls – Range: 1.61-2.28 – Max Gain: 42%
$154 Calls – Range:1.15-2.71 – Max Gain: 136%

ShiftPixy, Inc. PIXY

The Friday before last, we signaled newly-IPO’d PIXY for observation on its first trading day ever, and it also performed admirably during last week’s short trading week.

After starting at a price of 6.30 on Friday (06/30), PIXY began to run, and this past Friday it hit a high of 10.50. That’s a solid 66% upswing, which is quite impressive for a first week of trading.

This morning, we’ve seen our observed range on PIXY increase even further to 78% with the stock managing a premarket high of 11.20.

We’ll be anxious to pick up where we left off and continue to track this new stock as we head into a new trading week. Each new high it sets is a new all-time high, so there’s no telling where this ride will let off. As we mentioned last week, we’ll just continue to monitor the stock, looking for higher base levels of support to be established as we go forward.

Inpixion INPX

We’re always looking for a good bottom play, and we have one with some potential in INPX, which tumbled last week after the company announced a hefty $6M public offering.

The offering was priced at 1.05/share and the stock is currently trading in the high-.60’s. We feel a return to at least the offering price would not be implausible.

Stocks coming off of recently-established 52-week lows have historically been good to us, so we want to place INPX on watch for a potential recovery.

Extended Watchlist:
AVEO, ATOS, HEB, KOOL, MSDI, PLX