Blue Horseshoe Stocks: Fresh Options & More

Potential Bottom-Plays

We’ve unearthed a couple of stocks that are trading just above their recent relative lows, and wanted to relegate them to a bottom watchlist this morning. We’re getting strong multiple-bottom signals from each one, and will formulate a couple of corresponding options ideas. 

Tenet Healthcare Corp. THC - This stock strung together three sessions of higher lows and higher highs to close out last week, with a ton of room to the upside. We’re going to be signaling our interest in tracking the THC 01/26 $13.50-14.50 Calls as the stock attempts to continue the beginnings of this uptrend.

Key Tronic Corp. KTCC - This play has been attempting a recovery of its own, after a sizable gap-down hit it this past Monday, as pictured on the chart snapshot below. We’ll be waiting in the wings with an options idea in this case as well, with the KTCC 02/16 $5 and $7.50 Calls.


Lululemon Athletica LULU – Update

We also want to give one final update on our Weekly LULU Calls, which provided us with multiple opportunities for swing trades throughout last week. Friday was no exception, with the following moves being made on the day:

$72.50 Calls – Range: .39-1.50 – Max Gain: 285%
$73 Calls – Range: .22-1.00 – Max Gain: 355%
$73.50 Calls – Range: .11-.50 – Max Gain: 355%


Extended Watchlist:
RLOG, OSTK, XNET, SSC, SPWR, RIOT, DPW, TCPC, GROW

Blue Horseshoe Stocks: Mega Options Moves & More

Allergan plc AGN – Options Recap

After posting Q3 losses but still outpacing Wall Street’s expectations yesterday, was AGN. We noticed that, combined with the fact that the stock had just come off of a new 52-week low, and we pounced with a set of options ideas that all turned in incredible moves on the day.

It was the third time inside of the last week that one or more of our highlighted options contracts returned gains exceeded gains of a thousand percent in a single day! First it was Walgreens last Wednesday, followed by Walmart on Friday. Then yesterday, the AGN Weekly $175-180 Calls we signaled did it once again!

$175 Calls
– Range: .1.25-12 – Max Gain: 895%
$177.50 Calls – Range:  .78-10.80  – Max Gain: 1284%.
$180 Calls – Range: .53-8.54 – Max Gain: 1511%

A big pat on the back is in order for us, and huge cheers go out to any of our readers who were able to capitalize on our fantastic ideas!
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Fresh Idea: Alibaba Group Holding Ltd. BABA Weekly $187.50-195


Xunlei Ltd. XNET

We don’t want the fact that we’re providing mind-numbing gains via our options ideas to overshadow a great stock call we made on Monday of last week.

We signaled our interest in XNET, and on that morning the stock saw a low of 6.06, and hasn’t looked back since. Yesterday it ran all the way to a new high of 12.10, coming in just a hair under a double-bagger at 99% in a span of eight trading days.


Extended Watchlist:
ANSS, SPWR, MARA, RL, AMED, RIOT, TRVG

Blue Horseshoe Stocks: MINE Recap, M Options & More

Minerco, Inc. MINE

MINE was one of a pair of plays we tagged for observation in yesterday morning’s premarket report that offered up the chance at some nice single-session gains.

The stock traded in a range from its early morning low of .008 and essentially spent the entirety of the session trending up. It led to a high of .012 shortly before the closing above its 50DMA, and it marked a solid intraday pop of 50% The move came on nearly 8 times the monthly average volume as well, so we’ll be on the lookout for further activity from MINE.

A key area of resistance will be the stock’s previous swing high of .014 from late June.


Eline Entertainment Group, Inc. EEGI

The other mover from yesterday’s watchlist was EEGI. This subpenny has a track record of volatility, and it played to our favor quite nicely with a respectable intraday run.

From a low of .0011 it reached as high as .0015, a 36% move on slightly greater-than-average volume. The stock tends to bounce around freely within the .0005-.002 range, so we may look to catch this one on a future dip-and-rip, which the chart history seems to suggest is a strong possibility.


Macy’s Inc. M – Options

Macy’s is fresh off of a big beat on earnings and is gapping up big in the premarket. As always when we run across this type of situation, we want to signal a range of options calls to correspond with the forthcoming activity. The sheer number of times we’ve reaped rewards from earnings-fueled options trades is getting too high to count. We’ve actually done so with Macy’s itself on multiple occasions.

The target range we’re going to zero in on is the M Weekly $36.50-39.50 Calls, for potential daytrades and possibly even swing trades into tomorrow’s session, depending on this afternoon’s activity.


Extended Watchlist:
KEGX, WDDD, IMI, WAC, SPWR, GSV, NYMX(Potential Bottom-Bouncer)

Blue Horseshoe Stocks: BIOC, Options Ideas & More


Biocept, Inc. BIOC
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BIOC came off of yesterday morning’s extended watchlist making a big move to start the week. The stock traded up from a low of 1.71 and ran as high as 2.95, registering as an intraday increase of 72%  on heavy volume in the neighborhood of 17X the 30-day running average.

After pulling back slightly into the close at 2.20, BIOC is presently gapping up in the premarket this morning( High of 2.64), so we’re going to keep it on our watchlist for the time being.

The strong session came in conjunction with a positive PR which hit the wires yesterday:

SAN DIEGO, Feb 23, 2015 (GLOBE NEWSWIRE via COMTEX) — Biocept, Inc. (Nasdaq:BIOC), a molecular oncology diagnostics company specializing in biomarker analysis of cell-free circulating tumor DNA (ctDNA) and circulating tumor cells (CTCs), today announced that its blood-based diagnostic, OncoCEE-BR(TM), was used to determine hormonal status of metastatic breast cancer patients in a prospective study performed at the Columbia University College of Physicians and Surgeons in New York City. Findings from the Columbia study were recently published in the peer-reviewed journal Clinical and Translational Oncology.>>> FULL PR


Direxion Daily Russia Bear 3X ETF (RUSS)

The idea we brought forth yesterday of monitoring RUSS, which trades inversely with the Russian economy, is probably going to be one that we follow for a longer period of time given the drawn out nature of the events currently playing out in the Ukraine, and how they’re affecting Russia.

That being said, we did see some immediate upward price action as RUSS ran into the close, recording a daily trading range from 12.58 – 13.74, a modest, yet solid 9% appreciation on the day.


Added Note:

We also want to make note of a proposed joint venture in the works between two companies whose stocks we’ve mentioned in the past: First Solar, Inc. FSLR and SunPower Corp. SPWR. Both stocks began to move on word of a possible IPO for a new vehicle to be comprised of existing assets from each party. We’re going to keep them on watch as we await further updates on the situation.

They’re both gapping up further this morning, so we’ll be on the lookout for potential dip-and-rip scenarios caused by profit-taking. In such an event, we’ll be fixating on In-the-money Weekly Calls for options daytrading possibilities.

TEMPE, Ariz. and SAN JOSE, Calif., Feb. 23, 2015 /PRNewswire/ — First Solar, Inc. (FSLR) and SunPower Corp. (SPWR) announced today that they are in advanced negotiations to form a joint YieldCo vehicle (the YieldCo) to which they each expect to contribute a portfolio of selected solar generation assets from their existing portfolio of assets. Upon the execution of a master formation agreement, the parties intend to file a registration statement with the Securities and Exchange Commission (the SEC) for an initial public offering of limited partner interests in the YieldCo (the IPO). >>> FULL PR


Extended Watchlist:
CAPN, EYES, CYTX, CHGG, AXN

SPWR, BIOF, PEIX & Extended Watchlist

SunPower Corp. SPWR

SPWR made a move of over 20% yesterday, so we wanted to add it to our watchlist today. We like a good alternative energy play, especially the way a hot-trading big board in the sector can influence the performance of other related stocks. We find that traders tend to follow the natural trends in the alternative energy field, so today, in addition to SPWR, we will be focusing on a few other energy stocks that could be in for a price boost.

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BioFuel Energy Corp. BIOF &  Pacific Ethanol, Inc. PEIX

We’ve grown accustomed to mentioning these two stocks in the same breath. These ethanol plays have brought us several rounds of gains in the past, and they tend to trend together. With SPWR running yesterday we were sure to direct our attention toward BIOF and PEIX as well, and sure enough, both finished out the day in the green.

Plug Power, Inc. PLUG

PLUG is an energy play that went on an extreme backslide yesterday, tanking to .12 from the previous day’s close at .25. While remaining very cautious, there may be a bottom-bounce opportunity with PLUG, so we are presenting it today as a potential recovery play.

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SIDE NOTE:

For a more in-depth look at another alternative energy sector, solar power, head over and take a look at this message board which discusses a lot of different solar stocks.
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Extended Watchlist:
ENTB, BBDA, SIPC, CERP, YTRV,