Blue Horseshoe Stocks: Options, Bottom-Play Updates & More

Options Updates

We formulated our first options ideas of the week yesterday morning, and unsurprisingly, we hit on each and every one of them. Our acumen when it comes to identifying quick-strike options plays is really top-drawer, a fact to which any of our regular readers can attest.
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Bank of America Corp. BAC

We took note of BAC 07/15 $15 Calls yesterday, which had extremely high open interest to the point of suspicion on our part. We were right  to want to follow the money in this case, because despite the fact that we have designated this a longer-term play, the potential returns were instant. Those contracts traded up from .51-.71 for possible gains of up to 39% on the day.

We’re certain that our observed range is going to increase even further with BAC having cracked the $15-mark here in the premarket this morning. Should the stock follow up yesterday’s session with another bullish performance, things could get very interesting, very quickly.

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ProShares Short VIX Short-Term Futures SVXY– Our targets here were the SVXY Weekly $53.50-55 Calls and despite the SVXY closing slightly down on the day, we first witnessed some nice intraday moves to the upside that facilitated opportunities for the following gains:

$53.50 Calls – Trading Range: 1.60-2.10 – Max Gain: 31%
$54 Calls – Trading Range: 1.50-1.70 – Max Gain: 13%
$54.50 Calls– Trading Range: 1.10-1.65 – Max Gain: 50%
$55 Calls – Trading Range: .74-1.25 – Max Gain: 69%
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FRESH OPTIONS IDEAS:

We won’t leave you hanging solely with an update from yesterday’s action- we’ve got a couple of fresh ranges to monitor in the GM and UA options chains as well. In both cases we’ve got stocks that are gapping up on the strength of earnings beat this morning. Our corresponding ideas are as follows:

General Motors Co. GM – Weekly $32-34 Calls

Under Armour, Inc. UA – Weekly $45-48 Calls


Bottom-Watchlist Update

We placed RNVA and CLMT on a bottom-watchlist at the end of yesterday morning’s premarket report, following a newly registered 52-week low for each of them on Tuesday. We just wanted to rehash those ideas this morning, as both plays rebounded off of their lows in a stroke of excellent timing on our part.

Rennova Health, Inc. RNVA traded in a range from .57-.70, an intraday gain of 23%, while Calumet Specialty Products Partners CLMT made a 16% move from 4.64-5.39.

Now we’ll just want to verify the reversal in each case by monitoring the stocks in sessions to come for telltale signs of a continued recovery.

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We’re also going to signal interest in The ONE Group Hospitality, Inc. STKS for an extended-term bottom-watch.


Extended Watchlist:
APRE, SBES, XGTI, CPLP, CEQP,

Blue Horseshoe Stocks: APRE News, Options Ideas & More

Aperture Health, Inc. APRE

We’re circling back to APRE once again this morning, after the stock has logged two nice intraday performances subsequent to our in-depth report on Monday. That morning we saw a nice 59% pop, and yesterday the stock not only managed to maintain support at the previous day’s swing low as we hoped it would, but also made a 23% intraday upswing(.031-.038), not to mention closing at its high of day. That works out to cumulative gains over that two-session span totaling 82%

This morning’s area of focus is going to be the fresh PR that just hit the APRE newswire, regarding wholly-owned sub CSS Alliance, and the striking of a new distribution deal. (Link Below)

We’ll be on the lookout for added attention brought from the PR to potentially give the stock another boost. As we’ve stated previously, due to the low-float, low-volume nature of APRE, the stock is subject to significant swings on relatively little buying pressure.

NEW YORK, April 20, 2016 /PRNewswire/ – Aperture Health, Inc. (OTC Markets.com: APRE), is pleased to announce that the company’s wholly owned subsidiary CSS Alliance has formed a worldwide exclusive distribution agreement with House Tech. Co. Ltd to become a hub in the United States to distribute, market and sell new technologies ranging from green solar powered A/C units, and powerless generators, as well as solar energy.  >>View Full PR

If you didn’t catch our full report on APRE Monday, you can find it here >>View Report


ProShares Short VIX Short-Term Futures SVXY

We’ve yet to signal any options ideas this week, which is uncharacteristic for us, so we’re also going to be zeroing in on a possible play in that arena. The markets have been strong of late, with the VIX continuously trending downward, so we’re looking at an inverse analog of that note in SVXY.

Our specific area of interest is going to be the SVXY Weekly $53.50-55 Calls.


Bank of America Corp. BAC

Speaking of possible options plays, we’re also taking note of BAC 07/15 $15 Calls which have been shown to have abnormally high open interest over the past couple sessions. Whenever we see serious cash of this magnitude flow into a set of contracts, it raises our attention. As the saying goes, you’ve got to follow the money! Therefore, we’ll be keeping this set of contracts on a long-term watchlist.


Extended Watchlist:
CHMD, AGTK, ICNV,
CLMT, RNVA(Bottom-Watchers)