Blue Horseshoe Stocks: BA, MA Updates & More

The Boeing Co. BA

We signaled some options ideas for Boeing on Wednesday morning, the BA Weekly $352.50-360 Calls. We were met with moderate-to-good intraday gains ranging from 74-188%, as we reported yesterday morning.

We have to swing back around and provide yet another update after the opportunities to profit really kicked into gear yesterday. The intraday moves and gains on the table were as follows:

$352.50 Calls – Range: 2.90-8.75 – Max Gain: 202%
$355 Calls – Range: 1.70-6.99  – Max Gain: 311%
$357.50 Calls – Range: 1.11-5.15 – Max Gain: 364%
$360 Calls – Range:  .50-4.00 – Max Gain: 700%


Mastercard, Inc. MA

We added ideas for the Mastercard chain as well in yesterday’s premarket report  with the MA Weekly $170-175 Calls. Those also turned out to provide the chances for some very nice intraday gains.

After the company beat solidly on earnings with rising revenues, the stock went on a run that was sufficient to create these moves on the day:

$170 Calls – Range: 2.00-5.00 – Max Gain: 150%
$172.50 Calls – Range: .80-2.70 – Max Gain: 238%
$175 Calls – Range:  .24-1.05 – Max Gain: 338%

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Fresh for Friday:
Sony Corp. SNE Weekly $51.50-53 Calls*

*Please do not attempt to trade weekly options on a Friday unless you are an expert level trader with disposable funds.


Extended Watchlist:
MARK, PTI, S, DECK, AIPT, TVIX, LBCC, IMUC, VKTX

Blue Horseshoe Stocks: APC Review & More

Versartis, Inc. VSAR

It isn’t just bullish activity that draws us to a stock. Any type of increase in volatility generally causes us to take note, and the rapid fashion in which VSAR is crashing this morning is about as volatile as it gets. The company failed to meet primary endpoints on its HGH study, and the stock fell through the floor, losing over 80% of its value thus far.

Regardless of the catalyst, whenever such a huge selloff occurs in such a hurried way, we go into bottom-watch mode, and wait for the eventual bounce. So we’ll have VSAR on our radars moving forward, watching for signs of solid support and subsequent rebound.


Anadarko Petroleum Corp. APC

The announcement of an enormous 10% share reduction via buyback program had exactly the effect we suspected it would yesterday, after we signaled a range of calls to observe in our premarket report.

Those targets were the APC 09/29 $47-48.50 Calls and each of them made a move to the upside. We also mentioned we’d be watching them beyond yesterday’s session, and sure enough the stock appears to want to gap up this morning and add to the gains we’ve already witnessed, which were as follows:

$47 Calls – Range: 1-1.60 – Max Gain: 60%
$47.50 Calls - Range: 1.29-1.40 – Max Gain: 9%
$48 Calls – Range:.62-.95 – Max Gain: 53%
$48.50 Calls – Range: .50-.83 – Max Gain: 66%
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Fresh Post-Earnings Options Idea:
CarMax, Inc. KMX $69.50-71.50 Calls*

*We never discuss weekly options on a Friday without going out of our way to warn our readers that trading contracts with a weekly expiration on a Friday is exceedingly risky and should only ever be attempted by expert traders!!!


Extended Watchlist:
ETRM, EBIO, S, AKTX, SBGL, CAPR, MNKD

Blue Horseshoe Stocks: MBRX Update & More

Lumber Liquidators Holdings Inc. LL
LL is gapping up heavily in the premarket this morning, and we want to look to take advantage of the increased volatility.

With the stock trading up into the $30-range, we’re going to be looking for a possible dip and rip setup as the session kicks off. We’ll look for LL to come down off these premarket highs before ramping back up, and our targets are going to be the LL Weekly $27.50-29.50 Calls.


Moleculin Biotech, Inc. MBRX

A lot of our regular readers will remember the excellent run we witnessed in MBRX not too long ago, after signaling interest in the stock back on the morning of June 21st. It went on to run from .96 all the way up to 3.75, which was followed by a precipitous decline back to the 1.30′s.

We re-alerted on MBRX on July 18th as it began to cycle up for another run, and the upswing it has put together over the past couple of weeks has been nearly as impressive as the first major run. The stock has run from 1.83 back up to the 3.00-mark yesterday, so we’re really going to want to be on the lookout for it to test that previous swing high if it can continue on its bullish pattern.


Extended Watchlist:
S, HUSA, CBMX, SKLN, IDXG, GOGL

Blue Horseshoe Stocks: LXRX Recap & Much More

Lexicon Pharmaceuticals, Inc. LXRX

Our first order of business today is to congratulate any of our readers who were able to turn our premarket alert of LXRX into hefty intraday gains.

We were given ample opportunity to do so, as a hugely significant PR left the stock positively charged for most of the session. A momentous intraday run began from an early low of 10.83 and topped out at an HOD of 13.80. That translates to a 27% jump, which is a very impressive single-session performance for a $10 stock.

If you recall, we hit this one from multiple angles; our options trading idea of tracking Weekly $10 Calls was also good for potential profits. Those contracts traded up from a low of 1.50 all the way to 3.90, which was good for gains of up to 160%

LXRX held the majority of its daily advance, which occurred on well over 30-times the 3-month average volume. That sets the stock up with plenty of momentum, and signals us to keep an eye out in coming sessions for a continuation of such. In the event that occurs, as far as options are concerned, we’d roll our strike price up to the Weekly $12.50 Calls, which already made a heck of a move yesterday from .45-2.00.

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Hutchinson Technology, Inc. HTCH

We also want to give a quick update on HTCH, which we entered into the conversation via Friday’s premarket report. We witnessed the beginning of its run that day with a low of 1.60, and subsequent 22% pop to 1.95.

Yesterday, the stock set a new high of 2.25, which marked a two-day increase of 41% In order for us to remain interested in this play. we’ll need to see it continue to record higher lows.


Super-Subpenny Bottom-Watchlist

Here are a couple of stocks trading in the triple-zero range that we thought were worthy of compiling into a potential bottom-play watchlist as we head into midweek. We’ll include charts for the pair illustrating the reasoning behind that:

  Pervasip Corp. PVSP

B2Digital, Inc. BTDG



Extended Watchlist:

S, FIT($50-51 Weekly Calls), DAL, AAPL(Radar for Eventual Bounce)

Blue Horseshoe Stocks: ARNA Recap & More

Arena Pharmaceuticals, Inc. ARNA

You have to go a long way back to find our very first coverage of ARNA. It was May 11th, 2012 that we first mentioned this stock as an item to have on long-term watch. At that time the company had an obesity treatment that was awaiting FDA approval.

The public sentiment during that summer was that FDA approval was all but in the bag, and as we waited the stock began a monstrous run from a low of 5.44 to the day of its approval when it hit 13.50, an overall increase of 148% It would be a very long time before we talked about ARNA again.

The next time was fairly recently on November 3rd when we included ARNA on our Extended Watchlist, and over a period of a few sessions, saw the stock make a decent move from a low of 4.12 to 4.76. After that, it endured a series of incremental pullbacks over the next several weeks.

Yesterday morning, in a stroke of superb timing we tagged the stock in our watchlist once again, and what it did next blew the run we witnessed in November right out of the water!  Coinciding with the announcement of positive top-line results on another of the company’s treatments (this one for autoimmune disease) ARNA made a huge intraday run from a low of 3.66 to all the way up to 6.09. That’s a hefty 66% increase in a single session, and it came on approximately 20X the 3-month average volume, so cheers are in order for anyone who took advantage of our timely alert!


Heritage Media Corp. HMCP

Since we mentioned HMCP for the first time on New Year’s Eve, the stock has provided us with a few quality swing-trade opportunities. That day the stock traded in a range from .0047 to .0068, an intraday gain of 45% In following sessions we then observed subsequent swings from .0037-.0064 (+73%) and .0034-.0062 (+82%) making HMCP a flipper’s dream.

As we point out on the snapshot below, what has formed on the chart is known as a bullish flag, which is known to be a signal of further gains. Couple that with an RSI that’s screaming toward the power zone, and it makes HMCP one that we’ll really need to watch closely as we head into week’s end.


Extended Watchlist:
BIND, BIOD, FOLD, NRX, CYRN, AVEO, ACUR, PLX, S