Blue Horseshoe Stocks: SPY, TSLA Options

SPDR S&P500 ETF (SPY) – Options Ideas

We’ve now had two consecutive sessions of gains for stocks following a weeks-long downtrend, and are eager to see if this reversal of fortune has a more lasting effect. With a high degree of uncertainty at play, and the potential for volatile swings in either direction, we’re going to signal two opposing sets of ideas in the SPY chain, to set ourselves up for any eventuality. We may even see a case of another dip-and-rip kind of session, where we play one set early on and another later in the day.

Our two sets of ideas are going to be the SPY Weekly $248-249.50 Calls*, and the SPY Weekly $251-250 Puts*.  If the SPY can get above the premarket high of 251.16 during the session, we’ll look to our bullish ideas. Failure to do so, will cause us to track the bearish ones. Either way we should have good opportunities laid before us by the SPY today.

Tesla, Inc. TSLA – Options Idea

We’ve also formulated an idea for the TSLA chain. Tesla stock is getting another boost this morning after proposed additions to the board of directors, including Larry Ellison, the founder of Oracle Corp. (ORCL), are being very well received by investors.

We’re going to track the TSLA Weekly $322.50-327.50 Calls* on the heels of this announcement.

*NEVER trade options with a weekly expiration on a Friday unless you are an advanced level trader with disposable funds!

Extended Watchlist:

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:

Blue Horseshoe Stocks: Recapping VLTC, PZOO & More

Pazoo, Inc. PZOO

Price action on PZOO has continued to offer up quick-strike gain opportunities for us over the past several sessions,. as well as making an excellent overall move.

To quickly recap: We tagged this play on Wednesday, April 1st, and were shown a solid 37% intraday run from .0052-.0071. The stock then retraced back to a low of .0049 on Monday morning, and from there it has managed to register higher highs and higher lows all week long.

Monday’s high was .0068, marking a 39% intraday thrust. On Tuesday, PZOO traded in a range from .006-.008 (+33%). Wednesday’s move was a bit more subdued, at 14% (.007-.008), but yesterday, things really took off. From an early low of .0078, PZOO cracked into Pennyland, hitting a high of .0109! That totaled an intraday gain of 40%, and a very respectable overall intraweek spike of 122% from our observed low of .0049 on Monday.

We’ll have our eyes on the press wires for updates, and we’ll be sure to keep our readers updated on all the action.

Updated PZOO Video Chart:

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Voltari Corp. VLTC

It was the middle of last week when we alerted VLTC in our morning report. We saw a low of 2.18 on Thursday morning, and the stock has trended up quite nicely since then.

By Monday afternoon it ran more than 115% up to a high of 4.73, and then yesterday the stock really exploded into blue skies.  An intraday run from 4.02-6.18 was good for gains of up to 54%, and this morning’s premarket high of 6.49 represents an overall increase of 198%

All in all, we’ve got to say that VLTC has been quite the performer over the past week.

Petroleo Brasiliero, S.A. (Petrobras) PBR – Options

Our ongoing coverage of the PBR options chain has been ceaselessly providing us with premium chances for profit. Our readers will recall that after a mountain of success with $6 and $6.50 Calls last week, earlier this week we rolled up our strike range slightly zeroing in on both Weekly and 05/01 $7 Calls.

Yesterday’s daily high of 7.56 provided sufficient leverage to catapult the Weekly $7 Calls to new impressive highs. The Weekly $7′s have traded in a range from .06-.66, an enormous 900% jump!

PBR is gapping up this morning, and for potential daytrading opportunities we’re going to focus upon both the $7.50 Weekly Calls, *and* $7.50 Weekly Puts, depending on which way momentum carries the trend.

Extended Watchlist: