Blue Horseshoe Stocks: ATVI Winners & More

Activision Blizzard. Inc. ATVI – Big Winner

We signaled a range of calls in the Activision chain yesterday morning in our premarket report following the company’s earnings report, which were bullish despite the fact that ATVI’s quarterly figures were a disappointment. We indicated that we would put the ATVI Weekly $42-43.50 Calls on watch, and they were good ideas across the board.

In each of our designated contract sets, we saw not one, but two remarkable intraday swings, that gave traders plenty of chances for single-session profits of a significant nature. We’ve listed all the moves and total possible gains below:

$42 Calls - Move #1: 1.48-3.20 (+116%)  | Move #2: 1.32-3.35 (+154%)
$42.50 Calls - Move #1: 1.12-2.75 (+146%) | Move #2: .98-2.85 (+191%)
$43 Calls - Move #1: .89-2.32 (+161%) | Move #2: .70-2.40 (+243%)
$43.50 Calls - Move #1: .70-1.90 (+171%) | Move #2: .44-1.90 (+332%)
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Fresh Options Idea:

AstraZeneca plc AZN Weekly $38-39.50 Calls


Pernix Therapeutics Holdings, Inc. PTX

Even as we continue our excellent 2019 track record for options ideas, we don’t want to forget about the stocks on our watchlist that have been performing well.

A fantastic example of that is a stock we tagged as a bottom watch play back on December 20th. Over the past seven weeks, the stock has ramped up quite impressively, leading to a new high yesterday that we wanted to recap today.

From our observed low of .32 on PTX subsequent to our alert, to yesterday’s new high, represents an increase of 588%


Extended Watchlist:
OHGI, AY, SNBR, IVC, CHEK, AKAO, TELL, BRS, PS, SOLO

Blue Horseshoe Stocks: Zillow on a Roll

Zillow Group, Inc. Z – Update

We’ve been tracking Zillow since last Wednesday, at which time the stock was trading at a low of 27.92. We were prompted to highlight the play after noticing some big Form-4 submissions near the bottom, with a large gap to the upside on the chart. That morning we signaled the Z 01/18 $30-40 Calls which have produced some really nice gains so far.

The stock itself, after 6 consecutive green days, attained a high of 37.20 yesterday, which marked a 33% increase in just over a week’s time. That’s fantastic volatility for a stock in this price range. That activity has led to some mind-numbing gains in our group of tracked contracts. 

The following figures are the ranges  and total possible gains on those from last Wednesday, through yesterday’s highs:

$30 Calls – Range: 1.57-7.43 - Max Gain: 373%
$35 Calls – Range: .57-3.70 – Max Gain: 549%
$40 Calls – Range: .10-1.45 - Max Gain: 1350%


Bottom Watchlist

We also have a couple of longer-term bottom watch plays that we wanted to include in today’s report and monitor for potential rebounds going forward.

We are looking at both Bio-Path Holdings (BPTH) and Ampio Pharmaceitucals (AMPE) in a similar fashion today. Neither stock has shown a great deal of volatility of late, hovering around their recent relative lows for some time. Both charts also boast gaps to the upside. We’ll place this pair on recovery watch in the weeks ahead.


Extended Watchlist:
HEMP, AGRX, SOLO, EQGP, SLS, PCG