Blue Horseshoe Stocks: ATVI Winners & More

Activision Blizzard. Inc. ATVI – Big Winner

We signaled a range of calls in the Activision chain yesterday morning in our premarket report following the company’s earnings report, which were bullish despite the fact that ATVI’s quarterly figures were a disappointment. We indicated that we would put the ATVI Weekly $42-43.50 Calls on watch, and they were good ideas across the board.

In each of our designated contract sets, we saw not one, but two remarkable intraday swings, that gave traders plenty of chances for single-session profits of a significant nature. We’ve listed all the moves and total possible gains below:

$42 Calls – Move #1: 1.48-3.20 (+116%)  | Move #2: 1.32-3.35 (+154%)
$42.50 Calls – Move #1: 1.12-2.75 (+146%) | Move #2: .98-2.85 (+191%)
$43 Calls – Move #1: .89-2.32 (+161%) | Move #2: .70-2.40 (+243%)
$43.50 Calls – Move #1: .70-1.90 (+171%) | Move #2: .44-1.90 (+332%)
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Fresh Options Idea:

AstraZeneca plc AZN Weekly $38-39.50 Calls


Pernix Therapeutics Holdings, Inc. PTX

Even as we continue our excellent 2019 track record for options ideas, we don’t want to forget about the stocks on our watchlist that have been performing well.

A fantastic example of that is a stock we tagged as a bottom watch play back on December 20th. Over the past seven weeks, the stock has ramped up quite impressively, leading to a new high yesterday that we wanted to recap today.

From our observed low of .32 on PTX subsequent to our alert, to yesterday’s new high, represents an increase of 588%


Extended Watchlist:
OHGI, AY, SNBR, IVC, CHEK, AKAO, TELL, BRS, PS, SOLO

Blue Horseshoe Stocks: Form-4 Alert & More

Options Updates 

We offered up a couple of fresh options ideas in yesterday morning’s report, GIS Weekly $37.50 Calls, and the MU Weekly $31-32 Calls. Despite the markets taking yet another hit in the wake of the Fed’s interest rate hike, both of those ideas managed to produce some positive intraday movement prior to the announcement.

The GIS $37.50’s traded up from 1.31 to 1.80, for a modest 37% rise, but the MU calls did considerably better, logging multi-bag gain opportunities:

MU Weekly $31-32 Calls
$31 Puts – Range: 1.03-2.47 – Max Gain: 140%
$31.50 Puts – Range: .70-2.21 – Max Gain: 216%
$32 Puts – Range: .46-1.83 – Max Gain: 298%


Axovant Sciences Ltd. AXON – Form-4 Alert

We routinely keep an eye out for brow-raising insider trading activity, and have run across AXON today. A trio of stakeholders filed Form-4’s on Tuesday alluding to the purchase of a total of $30M in AXON stock in three $10M transactions, at the current relative lows near a dollar. That amounts to over a quarter of the company’s total market value.

To us, this would seem a fairly big indicator that these institutional investors are very confident that the stock will not fall below these levels. We’ll go ahead and place AXON on an extended term bottom-watch into the New Year.


Extended Watchlist:
OHGI, OPTT, YRIV, GMO, PTX, GERN, SBS, NXTD, MARK, HEAR

Blue Horseshoe Stocks: BLDV Recap & More

Blue Diamond Ventures, Inc. BLDV

After being discussed in our daily live trader’s chat on Thursday, BLDV went on a run from .0005-.0017, as we were mentioning in Friday’s morning report.

With another solid session to follow, BLDV became the second multi-day cannabis-related runner yielded by our chatroom in as many weeks (INMG being the other). The stock traded in a healthy range from .0016 to .0029, for an 81% intraday pop, which came with a massive surge in volume in the neighborhood of 9X the monthly average.

Those who did happen to catch the low following the chatroom alert on Thursday would have had the chance at carving out a large slice of a two-day swing that amounted to a whopping 480% That’s precisely why we’ve been routinely encouraging readers of our daily reports to get involved with our daily live chats.

The chats are open to any of our subscribers who wish to participate (or merely observe) and are conducted exclusively via Skype. Send a contact request to username ‘stocksumo‘ and get involved today! 


NanoSensors, Inc. NNSR

An honorable mention from Friday’s report was NNSR, which we had tagged in our extended watchlist. The stock made an appreciable intraday move from a low of .00695 to a high of a penny. That was good for a 44% pop, although the stock failed to maintain at least half of its gains into the close.

Still, we’ll continue to monitor this play as we kick off a new trading week, as it has the type of volatility that could easily facilitate another bullish push.


NoHo, Inc. DRNK

Continuing along, with the recent trend of super-subpenny movers, we’re taking a flier on DRNK which was showing an increase in volume last week on the heels of key announcement to hit press wires.

The pickup in activity seems to have been tied primarily to the announcement of a national sales and distribution agreement with BNG Enterprises, Inc. out of Tempe, Arizona (www.bngprodx.com). The agreement provides BNG the exclusive rights to sell the NOHO 2oz Shot throughout its nationwide retail stores as well as online sales through Amazon®. (>>View Full PR)

Assuming that this super-subpenny will break into the subpenny range or higher like some of the similarly-priced stocks we’ve been tracking in recent weeks would be only speculation at this point. But we’ve seen enough triple-zero plays break out in such a short period, that we’ll definitely want to keep a close eye out for more opportunities like that, and DNRK could easily be the next one to go for a big ride.


International Business Machines Corp. IBM

We took notice of the IBM chart this morning, and would like to signal a set of extended-term options contracts for observation based on our perception of the stock. From a purely technical standpoint, IBM looks like it could have slighlty further to fall before making a convincing reversal, but indicators also suggest the stock is heavily oversold, so that change could happen at any time.

The stock showed a slight inclination to come up off of its lows last week, and there is also a pretty sizable gap to the upside to roughly the $170 area. We’re going to place the IBM 06/16 $165 Calls on watch as a result, and if IBM can make a move to return to $170 by the expiration date, these contracts could be in line for a double or even triple-bag move.


Extended Watchlist:
SPCL, OWCP, BCR, RGSE, HAS, PTX, SNGX,