Tag: PXYN

Blue Horseshoe Stocks: Options Recap, Cannabis Play & More

SPDR S&P 500 ETF (SPY) – Options Recap

Despite market-wide turmoil over Britain’s “Brexit” vote, we saw fit to target a range of SPY options for observation in Friday morning’s premarket report. Our highlighted contracts were the SPY Weekly $200-205 Calls and with the exception of the lower denominations, which were were too far into the money to see any solid gain opportunities, they worked out quite well.

Some intraday volatility was the primary element which allowed quick-fingered traders to reap instant rewards from all but two of the contracts in the $205-202 Put-range. The potential gains were as follows:

$205 Puts – Trading Range:  .77-2.43 – Max Gain: 215%
$204 Puts* – Trading Range: 1.20-3.05 – Max Gain: 154%
$203.50 Puts* – Trading Range: 1.55-3.15 – Max Gain: 103%
$203 Puts* – Trading Range: 1.82-3.86 – Max Gain: 112%
$202 Puts – Trading Range: 2.87-4.88 – Max Gain: 70%

*Contracts labeled with an asterisk also saw a late day run of OVER 200% EACH, in addition to the initial moves listed above!

New Columbia Resources, Inc. NEWC

Today we’re circling back around to a play we have tracked in the past. Things have been mostly quiet for NEWC this year, with the exception of a massive run from the .007-range up as a high as a nickel. Since that time, leading up to last week, the stock had been under consistent consolidation. Tuesday, it began to experience a bounce that once again has our interest focused upon this cannabis-related play.

Due to the apparent impending end of over five decades of internal hostilities in Columbia, the company has commented on a bolstered outlook for its projects (both cannabis and mining) in the South American nation. Should the resolution be ratified in an upcoming referendum, it could mean good things for the future of NEWC, and accordingly, its stock.

Extended Watchlist:
XTRN, PXYN, SKUL, PTX, XGTI, ATRS, OCN

Blue Horseshoe Stocks: Gold Watchlist, Options & More

Tesla Motors Corp. TSLA – Options Update

Our bearish sentiment on TSLA yesterday ended up working in our favor quite well, as the intraday volatility provided traders with not one but three chances to execute lucrative swing trades.  Our specified target range was the TSLA Weekly $200-195 Puts; those three opportunities on the day extended to all three sets of contracts, and were as follows:

$200 Puts – 4.45-8.45 (+55%), 4.15-7.50 (+81%), 4.36-6.35 (+46%)

$197.50 Puts – 4.06-6.35 (+56%), 2.83-5.39 (+90%), 2.83-4.51 (+59%)

$195 Puts – 2.44-5.13 (+110%),1.87-3.81 (+104%), 1.70-2.89 (+70%)

Amid the bombshell that Britain passed a referendum effecting its exit from the European Union (at least a two year process), world markets in general are all feeling the strain at present. TSLA has hit a low of $186 in the premarket, so our observed contracts all stand to produce further gains this morning.

To get ourselves a little closer to the heaviest action in the event of a continued backslide for TSLA, we may consider rolling down our strike range to include the $192.50 and $190 Puts as well.
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FRESH OPTIONS IDEAS:

As we’ve done many times before when attempting to use overall market conditions to our advantage, we’re going to be tracking some SPY Calls for potential daytrades. As long as the SPY can hold above $200, we could be in line to see some major volatility in the SPY Weekly $200-205 Calls. As always, we must issue a strong note of caution with regard to trading weekly contracts on a Friday. It should only ever be attempted by advanced-level traders!

We also want to submit another familiar face for a potential play with much less urgency. For a longer-term idea, we’ll be putting the PBR 07/15 $6.50 and $7 Calls on our radar.

Gold Watchlist:

We also want to provide our readers with a smattering of gold-related stocks to watch this morning. Currencies are taking a big hit, which usually means an influx of investor confidence in precious metals. As such, we will naturally look to plays like these for quick-hit opportunities:

LODE, PGLC, VGZ, XRA,TRX, GORO

Extended Watchlist:
PXYN, NHMD, DLCR, EMES, ENDV(Bottom bouncer)

Blue Horseshoe Stocks: PLKD Update, WTW & More

Weight Watchers International, Inc. WTW

The hype-fueled wave of buying pressure connected to Oprah Winfrey’s announced investment in WTW continued to push the stock higher yesterday. We began on Monday by commenting that this would be one of the major stories of the week, and it has certainly turned out that way.

Though we’ve been focused on several different plays in the WTW options chain, the move we’ve observed in just a couple of sessions from the stock itself has been rather impressive as well. From Monday’s low of 10.76, we’ve witnessed a two-session increase amounting to 78% as of yesterday’s high of 19.15.  After pulling back slightly the stock once again pushed past the $19-mark in premarket trading today.

As to the sustainability of this big run, we have to keep in mind that nothing has changed materially for Weight Watchers, which remains deeply in debt. As we said, the upward pressure is being caused simply due to the perceived value of Oprah’s name and inclusion on the board. We’ll continue to take advantage of the momentum while it’s still possible, but take it under advisement, that at some point this hysterical buying will give way to a substantial selloff as traders actualize their recent substantial gains. On the other side of that eventuality, we’ll also be ready and waiting to formulate some related bounce-play ideas.

MaxSound Corp. MAXD

We included MAXD on yesterday’s extended watchlist, and the stock did come through with a fair opportunity to bank a significant profit with the intraday increase it managed. We observed a daily low of .0275, which gave way to a subsequent high of .0372. That registered as a solid 35% upswing, and occurred on a fair amount of volume to the tune of more than thrice the 3-month average.

The look of the chart still appears bullish, with the RSI about to breach into the powerzone and the MACD showing upward divergence. The next areas of resistance beyond the 200DMA of .041 are sitting at .045 and .055. Yesterday marked the third consecutive session that MAXD posted higher highs and higher lows, qualifying it for momentum play status. Provided it continues to follow that pattern, we’ll remain interested in this play.

Peasant Kids, Inc. PLKD

We also want to pat ourselves on the back for our notion on PLKD a week ago today. We noted that we’d be interested in the stock if it could maintain support above its 200DMA of .0599 on a consolidation from the previous day’s run, and not only did it hold at .06 that day, but it has been on a continuous run since then. It culminated in a high of .14 yesterday, marking a five session swing of 133%

We’ll continue to stay hot on its trail following this morning’s announcement of a substantial share reduction:

MIAMI, Florida, October 21, 2015 /PRNewswire/ — Pleasant Kids, Inc. (PLKD) today announced that the Board of Directors has authorized a reduction in the amount of shares authorized by the company from 9,500,000,000 to 360,000,000 by filing a Certificate of Amendment with the State of Florida. >> VIEW PR

Extended Watchlist:
BIEL, GDSI, VAPE, PXYN,
DRNK, BYSD(Super-Subpenny Bottom-Watchers)