Blue Horseshoe Stocks: IZEA Recap & More

Izea Worldwide, Inc. IZEA

IZEA is a stock that we have been following for several weeks. We highlighted this play back on August 12th, and would subsequently observe a low of 1.04. In two definitive pushes, the stock has gained quite a bit of ground over roughly the past six weeks.

Yesterday it managed a new high of 3.00, which marks an overall increase from its mid-August low of 188%


Snap, Inc. SNAP

We’re always scraping the barrel for a good bottom play, and we want to place SNAP on watch for just that reason this morning.

A thirteen dollar stock just two months ago as you can see on the included chart snapshot, SNAP has now fallen below the eight dollar mark, and is egregiously oversold at the present time. We’ll keep tabs on this play moving forward, as a rebound appears imminent at some point in the near future.



Comstock Mining Inc. LODE

Lastly, we want to backtrack to Monday’s report, in which we designated LODE as a stock to watch.  It certainly was something to see this week as it ran from a low of .1201 to as high as .315. That’s a 162% intraweek push.


Extended Watchlist: 
PLX, AMPE, SPI, TGC, PBR, MCIG, MYHI,

Blue Horseshoe Stocks: Tons of Options

Options Updates

Late last week, we selected a few contracts in the Facebook and Twitter options chains for longer-term ideas. The FB 10/12 $182.50-190 Calls, and the TWTR 10/12 $35 & 37.50 Calls. While they haven’t blown their lids quite yet, we wanted to reiterate our interest in tracking these over a longer time period.

The somewhat nominal gains achieved so far are as follows:
FB 10/12 $182.50′s: .53-.80 (+51%) | $185′s: 40-.54 (+35%)
TWTR 10/12 $35′s: .33-.52 (+56%) | $37.50′s: .28-.40 (43%)

We’ll continue to track these ranges, as there is still plenty of time for them to begin realizing their full potential. What we’ve seen to this point may be just the beginning.
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FRESH IDEAS:

To add to our social media related options ideas, we also see SNAP coming off of a recent bottom, and will signal the SNAP 10/05 $9 & 9.50 Calls for observation as the stock attempts to mount a recovery of recent losses.
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With a major category-4 hurricane currently inbound for the Carolina coastline this week, we’re also going to highlight some plays in Home Depot and Lowes Home Improvement, which tend to see surges in the wake of storms big enough to require extensive cleanup and repairs. According to all predictive models, Hurricane Florence definitely fits that bill.

HD Weekly $212.50 & 215 Calls
LOW Weekly $114-115 Calls
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Bonus Idea:
BHC Weekly $21-22.50 Calls


Extended Watchlist:
IMMR, LPI, USAT, SLCA, LODE, NXTD,

Blue Horseshoe Stocks: Form-4 Alert & More

Snap, Inc. SNAP – Update

Even as the markets got crushed yet again yesterday despite it appearing as if the worst of the downturn was over, SNAP still managed to produce gains in our updated options trading targets.

It was in our premarket report yesterday that we were updating readers on the previous idea we had with the SNAP $16-17.50 Calls, which made moves ranging from 335-700% the day prior.

The stock had risen by such a large margin that we rolled up our potential strike prices to the $21-22.50 levels, and we got very nice activity out of half of those calls to keep our success with the SNAP options chain rolling.

The $21 Calls ran from .04-.32, for a fantastic 700% rip, while the 21.50′s made a 400% from .03-.15.
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Fresh Options Idea:

Provided the SPY holds above 259.50 we’ll be interested in the SPY Weekly $260.50-262 Calls*

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



LendingClub Corp. LC

With turmoil in the markets persisting, this is a time when we want to stick to our technicals, and look for stocks that are currently boasting the type of chart setups we routinely scan for, and LC currently matches the profile.

The stock has come down to double-bottom with a gap to fill to the upside, as you can see on the included snapshot. We feel that over the next few weeks, LC could be in line for a solid recovery.

In addition to the stock itself, we’re going to radar a pair of options contracts to track over a more extended period of time, with the LC 03/16 $3.50 & $4 Calls.


Seattle Genetics, Inc. SGEN – Form-4 Alert

While we’re on the subject of bottom-plays, we’ve got SGEN hitting our scanner this morning. We’ll include a chart snapshot of this one as well, so you can see what we find so attractive about it. We’ve got a triple-bottom formation happening with the stock coming down to he $50-range, and a recent track record of the type of volatility we’re after.

To sweeten the pot, a major Form-4 buy came in the last week at $52, to the tune of $200M (View EDGAR Filing) in addition to a multi-program immuno-oncology collaboration with Pieris Pharmaceuticals announced this morning.

We’re going to track the SGEN 03-16 $50 Calls in the days and weeks ahead.


Extended Watchlist:
PIRS, AVIN, CTRL, CFMS, CNET, INPX

Blue Horseshoe Stocks: SNAP Rocking & More

Snap, Inc. SNAP

After we signaled our interest in a range of SNAP calls yesterday morming, the stock turned in quite a performance. In fact, SNAP ended up being the top gainer on the NASDAQ for the session.

That activity paved the way for some excellent intraday moves for our designated contracts, the SNAP Weekly $16-17.50 Calls, which all more than

$16 Calls – Range: 1.15-5.00 – Max Gain: 335%
$16.50 Calls – Range: .93-4.38 – Max Gain: 371%
$17 Calls – Range: .50-4.00 – Max Gain: 700%
$17.50 Calls – Range: .45-3.51– Max Gain: 680%

We feel good about a continuation of the same kind of volatility we saw with SNAP yesterday, and will roll up our potential strike prices, and begin to monitor the SNAP Weekly $21-22.50 Calls as we finish out the week.
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Fresh Options Idea:
GrubHub, Inc. GRUB – Weekly $80-85 Calls

Twitter. Inc. TWTR – Weekly $31-33 Calls


Biocept, Inc. BIOC

We want to keep tabs on BIOC after the announcement of a public offering precipitated what we would consider an over-reactionary selloff.

The company raised a sum of roughly $14.8M after offering approximately 32M shares at an exercise price of .45, along with immediately exercise-able warrants to purchase another 32M shares at .50.

We would classify it fall to a new annual low of  .30 yesterday as a kneejerk response, and with the stock being this heavily oversold, we’ll want to put this one on bottom-bounce watch immediately.


Extended Watchlist:
TEUM, SNCR, FOLD, SWN, GCAP, NETE, RIOT, ONTX

Blue Horseshoe Stocks: Options Review & More

Lumentum Holdings Inc. LITE

We noted yesterday morning that LITE was bucking trend of the two-day market bloodbath we witnessed this week. We made it clear that we were interested in the LITE Weekly $44-46 Calls regardless of which way the markets went, and it turned out to be a solid idea.

The markets did of course see a reversal, and LITE did perform well on the day, creating the following gains in our tracked contracts:

$44 Calls – Range: 2.00-8.00 – Max Gain: 300%
$45 Calls – Range: 2.50-6.98 – Max Gain: 179%
$46 Calls – Range: 1.25-6.00 – Max Gain: 380%

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Fresh Options Ideas:

The Walt Disney Co. DIS – Weekly $107-109 Calls
Snap, Inc. SNAP – Weekly $16-17.50 Calls


Quotient Ltd. QTNT

Another stock we went bullish on in yesterday morning’s report, despite coming off the biggest two-day losses for stocks in history, was QTNT.

It boasted a solid bottom setup, and had already exhibited some bottom-bounce activity in the prior session. It also performed well on the day, trading up from a low of 3.36 to a high of 4.39- a respectable intraday run of 31%  We’ll look for the stock to establish a trend of higher highs and higher lows over the next few sessions.


Extended Watchlist:
RIOT, NETE, DRYS, DPW, MARA, CFRX