SHLD Archives - Blue Horseshoe Stocks

Blue Horseshoe Stocks: KODK Options & More

Eastman Kodak Co. KODK

In a surprise development yesterday, Kodak announced that it would be the latest company to hop on the cryptocurrency bandwagon, with the upcoming launching of its own crypto coin, KODAKcoin. It is said to be in development for a photo rights licensing platform the photography pioneer is working on.

While that’s all well and good, what we have seen on the KODK chart amounts to little more than a hype fueled surge, which we believe to be unsustainable over the long term. What we want to do to try to use this situation to our advantage is set ourselves up with some bearish options ideas to follow in the weeks ahead.

We;re going to signal the KODK 02/16 $15 & $12.50 Puts. It gives us plenty of time to see KODK top out and begin to come back to Earth, which would certainly provide chances in those contracts on the way down.

Xunlei Ltd. XNET

The most recent time that we tagged XNET was a month ago tomorrow, on December 11th, and shortly thereafter the stock would log a low of 12.30. From that point it launched into what has been a very solid run over the past few weeks.

The stock cracked the twenty-dollar barrier yesterday, and this morning in the premarket, has reached a new high of 24.90 which marks a double-bag move of 102% in just four short weeks!

XNET had a huge similar run from October to November as well, where it topped out at an even $27/share. We’ll continue to monitor the stock in coming sessions, and look for it to retest those previous highs.

Extended Watchlist:
HMNY, COGT, SSC, NQ, SBOT, SHLD, TNDM, XSPA

Blue Horseshoe Stocks: Options, RMRK Recaps & More

Options Recap – We cast a pretty wide net with respect to options ideas in the retail sector in our premarket report yesterday morning, and our efforts didn’t go unrewarded. Both EXPR and AEO provided us with some nice chances.

Express, Inc. EXPR – We were tracking the EXPR 09/15 $6 & $7 Calls. The $6’s traded in a range from .45 -.92 for a gain of 104%, while the $7’s logged an even 100% double-bag run from .15-.30.

American Eagle Outfitters, Inc. AEO – For American Eagle, we were looking at the AEO Weekly $12 & 12.50 Calls. The $12’s recorded our biggest options gainer of the day with a 212% move from .08-.25, and the $12.50’s were another even 100% push , trading from .05-.10 on the day.
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More Ideas – We’ll keep the post-earnings retail options train rolling today with two fresh sets of ideas using the Abercrombie & Fitch Co. ANF and Dollar Tree, Inc. DLTR chains. We’ll have the ANF Weekly $10 & $11 Calls, and the DLTR Weekly $78-82 Calls on watch as we head into week’s end.

Rimrock Gold Corp . RMRK

We included RMRK in yesterday morning’s premarket report, after noticing some abnormal activity building up in the previous session.

It was a good thing that we did, because yesterday’s performance from the stock was explosive. It traded in a range from .0006 to .0025 on the day, for a fantastic single-session rip of 316%

The move occurred on volume of more than 1.8 billion shares traded; an all-time high for RMRK.

Extended Watchlist:
OCLR, NPTN, MOSY, BSTG, SHLD, TTNP, SIG, RUN

Blue Horseshoe Stocks: AEZS Recap & More

Aeterna Zentaris, Inc. AEZS

It had been quite some time since the last time we mentioned AEZS in one of our reports, but were prompted to do so yesterday, after noticing some unusual premarket activity on our routine morning scan.

It’s certainly a good thing that we did, because the stock became our number one play of the day with an outstanding performance. It also happened to be the NASDAQ’s top gainer of the day. From an early low of 1.48 the stock shot up to a high of 2.80 shortly after 1:30, marking a single-session rip of 89%

The big move came on volume exceeding the monthly average by roughly 40 times, and the stock managed to hold well over half of its gains into the close, so we’ll be sure to leave AEZS on our radar as we head into the end of the week.

Marijuana Company of America, Inc. MCOA

Another point of focus for us yesterday was MCOA, which we signaled the previous morning, and subsequently witnessed a 38% (.02685-.037) upswing. We were mentioning that, along with the fact that an interesting PR had hit newswires which we felt could set the table for further gains, and we were correct in our assumption.

Perhaps also riding the wave of invigoration that has flowed back into the cannabis space as a whole over the past few sessions, MCOA continued its ascent, trading in a range from .0361-.0467 on the day. That was good for an intraday move of 29% and extended our two-session observed range on the stock to a respectable 74%

Sears Holdings Corp. SHLD – Options Idea

We’ve had some good fortune in the past with SHLD, and more specifically, its options chain. This morning, we’re spotting another possible opportunity on that front. The company will now be selling Kenmore appliances via Amazon.com, and as a result, the stock is gapping up over ten percent in premarket trading this morning.

To take advantage of the commotion, we’ll have our eye on the SHLD Weekly $9-10 Calls.

Extended Watchlist:
TEUM, ANY, AVEO, DFFN, HPJ, CAMT, BVXV

Blue Horseshoe Stocks: Options Roundup & More

Best Buy Co. Inc. BBY

Our primary area of focus in terms of fresh picks in yesterday’s premarket report was in post-earnings options ideas, and essentially everything worked out in our favor, beginning with our ideas for the Best Buy chain, which were the BBY Weekly $55-58 Calls.

All seven sets of contracts in our highlighted range gave traders a chance at HUGE multi-bag gains on the day ranging from a triple all the way to a TWELVE-bagger!

$55 Calls – Range: 1.60-6.90 – Max Gain: 341%
$55.50 Calls – Range: 1.12-6.19 – Max Gain: 453%
$56 Calls – Range: 1.00-5.80 – Max Gain: 480%
$56.50 Calls – Range: .61-5.21 – Max Gain: 754%
$57 Calls – Range: .50-4.90 – Max Gain: 880%
$57.50 Calls – Range: .35-4.12 – Max Gain: 1077%
$58 Calls – Range: .29-3.97 – Max Gain: 1269%

Abercrombie & Fitch Co. ANF

Our ANF calls didn’t disappoint either, despite the fact that Abercrombie’s was a much more mixed earnings release. We said we’d be looking at the ANF Weekly $13 & $13.50 Calls, and saw some solid moves out of both.

The $13 Calls ran from .63 to 1.05 for an intraday push of 67% while the $13.50’s traded in a range from .35-.50, posting an intraday pop of 43%

Based on the present look of the ANF chart, we’ll still want to track these plays heading into the long weekend, but be forewarned, dealing with weekly options contracts on a Friday is for expert traders ONLY!

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Big Lots, Inc. BIG – Fresh Idea

We’ve had so much options trading success this earnings season, there’s no reason not to add in a couple more fresh ideas before we break for the holiday weekend.

Big Lots beat on profits and raised guidance in its premarket release today. With no weekly contracts to look at, we’ll put the BIG 06/16 $55 & 57.50 Calls on watch in the weeks ahead.

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ULTA Beauty, Inc. ULTA – This play is gapping up hard after its own earnings beat yesterday. We’ll want to keep an eye on the ULTA Weekly $302.50-310 Calls (Again, to be considered by expert traders only)

Coin Citadel CCTL

We offered up a few bitcoin related stocks to watch yesterday in light of the hysteria over bitcoin reaching all-time highs, and the one that outperformed the rest turned out to be CCTL.

Its volatile swings provided solid chances in both the morning and afternoon. First it ran from .0004 to .0007 (+75%), followed by a pullback to .0003 and subsequent 100% run-back to .0006.

Extended Watchlist:
OTTV, GLBS, SINO, DVAX, CYTR, ZSAN, SHLD

Blue Horseshoe Stocks: BBY Options, XTRN Recap & More

Las Vegas Railway Express XTRN – Update

As we were just mentioning yesterday, a member of our daily live trader’s chat* allowed participants to snag gains of up to 300% on Tuesday as XTRN ran from .0003-.0012.

We also noted the immense volume flowing through the stock, along with a bullish close and suggested that a continuation of momentum was possible. Sure enough XTRN followed up one strong session with another, trading in an intraday range from a low of .001 and reaching as high as .0027, which works out to an intraday run of 260%

That is certainly a premium single-session gain opportunity that was available to all of our subscribers, but chatroom members* could have had a shot at the full two-day swing, which comes out to an incredible 800%

XTRN received an offer to be bought out and merge with XREE, another ‘X-Train’ company that runs scenic train tours, so we’ll be interested to see how that situation plays out.

*Do you subscribe to our mailing list? If so, you’re eligible to participate and/or observe our daily trader’s chats! Simply send a contact request to username ‘stocksumo’ and we’ll take care of the rest.

Best Buy Co. Inc. BBY – Options Idea

Post-earnings options ideas for high-profile companies have produced some of the biggest gains that we come across, so we want to formulate one for BBY today. A unexpectedly strong Q1 release has catapulted the stock here in the premarket where it has touched eleven-year highs.

We are going to be very interested to track BBY Weekly $55-58 Calls for potential swing trades, especially if the stock behaves predictably and executes an early dip-and-rip.

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Bonus Idea – Abercrombie & Fitch Co. ANF

ANF posted a mixed earnings release, beating on sales but taking a heavy loss for Q1. Still, the markets as a whole seem bullish, and ANF is gapping up moderately in the premarket. We’ll be looking at the ANF Weekly $13 & $13.50 Calls.

Bitcoin Watchlist

With Bitcoin soaring to its all-time highs, it’s taking a lot of the related stocks along for the ride. In light of this, we want to hash together a bitcoin watchlist to keep an eye on amid this historic trend:

GBTC, CNXS, CCTL, HSHS, BTCS, BTSC

Extended Watchlist:
BCRX, AERI, SHLD, GES, IDXG