Tag: SPY

Blue Horseshoe Stocks: Options Review, Other Updates

Options Review

Just to refresh our readers’ memories, we highlighted a range of call contracts for three separate plays on Friday, and we’re pleased to report that sizable gains were there for the taking regardless of which idea was chosen. It marked the continuation of a flawless streak of such ideas that we offered up over the past few weeks.

Our tracked calls and the magnitude of the gains that were available were as follows:

SPDR S&P 500 (SPY) Weekly $199-202 Calls – We’ve successfully played the SPY so many times it doesn’t even bear counting, and Friday was no different. From the low end of our range to the high, gains of 80-427% were made.

Finisar Corp FNSR Weekly $15 and $16 Calls – An earnings beat made the gains in FNSR calls possible, with the $15’s running 88%, and the $16’s making a 92% upswing.

Ulta Salon, Cosmetics & Fragrance, Inc. ULTA  Weekly $175-185 Calls –  Last but not least, we had the ULTA contracts on our watchlist bank gains running from 59-117%

Again, it was yet another great week for options, and we’ll be doing everything in our power to keep the streak alive with some more ideas this week so be sure to stay tuned!

Friday’s Stock Gainers

In addition to our great success with options plays from Friday’s morning report, we had a number of other intraday movers which were also highlighted.

Propanc Health Group Corp. PPCH

This was our top-billed mention on Friday, having been following it for most of last week. A string of solid performances led the stock on a great intraweek run to that point which spanned from our observed low of .0188 to .037 (+97%) in just a few sessions.

We saw even more gains tacked on there during Friday’s trading, wherein we witnessed another nice intraday pop from the daily low of .0355 to .0516 (+45%), and the high extended our total observed range to an impressive 174% in a matter of four sessions.

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Mexus Gold US (MXSG)

Mexus was another point of discussion in Friday’s newsletter, and it too saw appreciable gains on the day.

We’d already been very familiar with the stock after tracking over a more than 1000% move in early February. We then re-tagged it the Wednesday before last and subsequently witnessed a 61% swing from .011-.018.

Friday’s session brought a continuation of that run from .017 to a high of .0299, a 71% intraday rip, and increased the total swing range to 172%

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Spectrascience, Inc. SCIE

SCIE was included in Friday’s tracklist and the stock would end up trading in a range from .003 to .0047, for total possible intraday gains of up to 56% on slightly heavier than normal volume.

It also managed to close just a tick below the high of day, so we’ll keep an eye peeled for the possibility of momentum spillover into this new trading week.

GW Pharmaceuticals, Inc. GWPH

We want to pin GWPH to our tracklist after catching a significant PR coming across the wires this morning. Late-stage studies on a cannabidiol (CBD) treatment of a rare pediatric disease has yielded positive results, and the stock has thus far gapped up over 100% in the premarket.

We’ll take our classic stance of monitoring for a possible dip-and-rip situation and look to get positioned in some in-the-money Calls, dependent upon where the bounce occurs.

LONDON, March 14, 2016 (GLOBE NEWSWIRE) — GW Pharmaceuticals plc (GWPH) (GWP.L) (“GW,” “the Company” or “the Group”), a biopharmaceutical company focused on discovering, developing and commercializing novel therapeutics from its proprietary cannabinoid product platform, announces the positive results of the first pivotal Phase 3 study of its investigational medicine Epidiolex® (cannabidiol or CBD) for the treatment of Dravet syndrome. (>> FULL PR)

Extended Watchlist:
DDD, TFM, GBIM, HPTG, USAR, IEEC, ASTI, SVTE

Blue Horseshoe Stocks: Updates on PPCH, Options & More

Propanc Health Group Corp. PPCH

We played PPCH like a fiddle this week, after calling attention to it in Tuesday morning’s premarket report. That morning, we observed a low of .0188 and the stock hasn’t looked back since. What followed has been three consecutive sessions of higher highs and higher lows.

Yesterday’s intraday performance alone was quite respectable, with PPCH running from a daily low of .0225 to a new high of .037. That represented a spike of 64% on the day, and a total increase of 97% over our observed low from Tuesday.

We’ll be interested in PPCH as long as it maintains support above the current 50DMA (.019), while the next bank of resistance is sitting at the 200DMA at .042.

Dollar General, Inc. (DG)

We offered our two cents on how to take advantage of Dollar General’s earnings beat yesterday, and that was with the DG Weekly $78-80.50 Calls. With the exception of the 80.50’s, which didn’t trade much volume, every one of the contracts in our target range exploded for exponential gains!

$78 Calls – Trading Range: .55-5.00 – Max Gain: 809%
$78.50 Calls – Trading Range: .40-4.70 – Max Gain: 1075%
$79 Calls – Trading Range: .60-3.53 – Max Gain: 488%
$79.50 Calls – Trading Range: .27-2.10 – Max Gain: 678%
$80 Calls – Trading Range: .66-2.79 – Max Gain: 323%

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Bonus Options Ideas*:

SPDR S&P 500 (SPY) – Weekly $199-202 Calls

Finisar Corp FNSR – Weekly  $15 and $16 Calls

Ulta Salon, Cosmetics & Fragrance, Inc. ULTA – Weekly $175-185 Calls

*As we always do, let us warn our readers o  the extreme caution which must be exercised by anyone attempting to trade weekly contracts on Friday. It’s a high risk proposition, and not for the faint of heart!

Mexus Gold US  MXSG

We also want to take a second and update readers on another of our recent successes. MXSG started appearing on our radars back on February 5th when it was as low as .0016. In a little over a month’s time we’ve witnessed a 1025% gain (a/o yesterday’s .018 high).

Those who may have missed that original alert still could have caught our reminder this week on Wednesday. The stock was trading as low as .011 at the time, and at yesterday’s high mark, we’d seen a two-session swing of 64%

Extended Watchlist:
VDRM, CABN, CDCH, POTG, FRO, CRK, WLL, BCEI

Blue Horseshoe Stocks: LOGG, PHOT Reviews & Much More

LifeLogger Technologies Corp. LOGG

We’ve been tracking LOGG since bringing it to light in a report last week and even though it made some decent gains leading up to yesterday, that’s when the stock really kicked things into high gear.

LOGG exploded from an early low of .0995 and continuously pushed to new highs throughout the course of the day, reaching its high of .19 just prior to the close, for an excellent chance at intraday gains of up to 91% The stock also traded better than six times its monthly average volume, so we’ll want to closely monitor its activity early on today for its dip-and-rip potential.

Growlife, Inc. PHOT

PHOT had been bouncing around in a rough channel between the .012 and two-cent levels since we last tagged the stock for observation earlier this month. Right from the outset yesterday the stock’s bullish activity raised the alarms, with the announcement that PHOT would be relisting on the Bulletin Board as well as pursuing an uplisting to the OTCQX. (>>View PR)

The result of the wave of positive attention the PR garnered was a massive intraday run to the tune of 375% (.012-.057) that will keep us on alert as we close out the week for the possibility of a brief consolidation followed up by a potential bounceplay.

Cell Therapeutics, Inc. CTIC

We’ve been tracking CTIC recently, and in addition to stringing together higher highs and higher lows in each of the past four sessions wherein it has roughly doubled in price, the stock appears to be gearing up to fill a rather sizable gap on its chart, which we’ve pointed out below.

Long-Term Watchlist

PCS Edventures!.com, Inc. PCSV

We like the future potential of the space PCSV has just entered into with its acquisition of a racing drone company. (PR Below) We’ll be placing PCSV on our longer-term radars as a result of this announcement.

While drone racing is a relatively new ‘sport’ that is still in its infancy, big plans for a national drone racing league have been backed financially by billionaire Steve Ross, who is most commonly known as the owner of the Miami Dolphins. (>>View Article)

BOISE, Idaho, Feb. 18, 2016 /PRNewswire/ — PCS Edventures!.com, Inc., (PCSV) a leading provider of K-12 Science, Technology, Engineering and Mathematics (STEM) programs, today announced the completion of an asset purchase of Thrust UAV, a company focused on the fast-growing FPV drone racing market. (>>Full PR)
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Elio Motors, Inc. ELIO

We want to place a longer-term watch on newly-trading ELIO as well. Many of our readers will have heard of this exciting startup that is undergoing plans to market a three-wheeled (pictured below) that boasts more than 80mpg fuel efficiency and a retail price tag of less than $7,000.

With Americans looking to economize any way they can these days, the industry disruption potential of a low-cost, high-efficiency personal transport stripped of unnecessary bells and whistles is intriguing to say the least. The backstory behind this one is irresistible (Visit ElioMotors.com to learn more), so we’ll be very interested to follow along in the early days of the stock’s trading to see how ELIO establishes its footing.

Bonus Options Ideas

We’ll be looking for possible daytrading opportunities with Weekly VXX $26-27.50 Calls, and Weekly SPY $193-190 Puts based on the current atmosphere in the markets.

*Pertaining to both of the preceding ideas, remember to always consider the inherent elevated risk associated with trading weekly options contracts on a Friday!

Extended Watchlist:
ENCC, EZRT, CRQE, CYPW, IORG,

Blue Horseshoe Stocks: SPY Review & More

SPDR S&P 500 ETF (SPY) – Options Recap

We continued to track our successful options idea from earlier in the week yesterday morning, as the SPY Weekly $188-191 Calls once again provided ammunition for some serious gains. Despite already having moved up considerably, we mentioned our expectations that those figures would be pushed higher and indeed they were.

As we did yesterday to save time, we’ll just outline the gains made by the bookend contracts of our observed range; similar gains would have been up for grabs in any of the contracts within. The $188 Calls extended their new high to 5.35, which represents a 226% overall move, and the $191’s  pushed to 2.68- a gain of 587% over Tuesday’s low.

In addition to tracking our initial idea, our trader’s chat participants* were offered a followup idea prior to the bell yesterday that yielded big-time profit chances as well. As you can see from the screen capture below, we mentioned the possibility of rolling strike prices up to the $189.50-193.50 range, and all of those contracts were winners as well.

To give an idea of the gains available in that range, the $189.50’s made a move from 2.14-3.99 (+86%), while at the upper end, the $193.50 Calls made a 326% rip from .23-.98. All in all, there was no way to go wrong with any of our SPY Calls as the overall markets solidified their first three-day rally of 2016.

*Participation in our daily trader’s chats which currently take place via Skype is fun, free, and as simple as sending a contact request to username ‘stocksumo‘. All of our loyal readers are encouraged to take part!

Catalyst Pharmaceuticals, Inc. CPRX

We’ve spotted what could turn out to be a solid rebound play in CPRX this morning. On the heels of the company’s announcement that the FDA had served it with a letter of refusal pertaining to a recent NDA filing, the stock absolutely tanked.

The caveat is, the notice came with assurance that it was not related to the clinical data or perceived efficacy of the drug in question, but a filing error only. This means that the stock lost a good portion of its value in a single day for what seems to amount to nothing more than a clerical error (see chart below). We’ll be very interested to monitor the stock in coming sessions and observe its reaction.

Extended Watchlist:
BRCD, GLUU, RUN, EPXY, ECPN, FILM, NUUU, NWPN,

Blue Horseshoe Stocks: GBSN Review, Options Update & More


SPDR S&P 500 ETF (SPY) – Options Recap

Our first options idea of this short week turned out to be a rousing success by all accounts. We noted the change in the tides regarding a general market rebound aided by a healthy surge for oil, and proposed a range of weekly contracts in the SPY to help us leverage some gain opportunities out of those conditions. We signaled our interest in the SPY Weekly $188-191 Calls and were met with some very good chances as the SPY itself steadily pushed from 187.63 to 189.81, closing very close to that high mark.

As a result, all eight of our observed contracts enjoyed significant surges. We’ll simply provide a range of the possible gains in the interest of time. The $188 Calls traded up from 1.64-2.65  for gains of up to 72% while at the other end of the spectrum, the $191’s ran 123% from .39-.87. Again- commensurate gains were available anywhere in that $188-191 Range. 

This morning it appears as if those figures will be extended as the SPY once again gaps up in the premarket, having already breached into the $190’s; we’ll be on the lookout for a possible dip-and-rip.  Another boost for the markets today would mark the first three-day rally of 2016.

Great Basin Scientific, Inc. GBSN

We had been passively monitoring GBSN for a bottom for quite some time when we finally decided to make mention of it in our morning report yesterday. The stock was in an overall downtrend for many months leading up to its all-time low which was recorded just last month.

We seem to have brought GBSN back into the fold at a very opportune moment, as yesterday marked one the stock’s largest single-session gains of the year so far. From its morning low of .1951, we watched as it shot to a daily high of .2698 which hashes out to a healthy intraday day pop of 38% on double its 3-month average volume.

Ideally we’d like to see GBSN maintain support above yesterday’s swing low while attempting to test the key area of current resistance at a previous swing high of .33.

Rockwell Medical, Inc. RMTI 

Another notable mover from yesterday’s session is RMTI, which managed a strong push over the first couple hours of trading. The stock traded from a daily low of 6.90 on up to 8.63 on approximately four times its 3-month average volume, which represented a respectable 25% move up.

We’ll continue to keep an eye on RMTI moving forward, especially in light of the interesting PR to hit wires this morning alluding to a potentially lucrative agreement that puts the company in line to market its treatment for end-stage renal and chronic kidney diseases in China.

Other Notable Gainers

Provision Holding, Inc. PVHO

We tagged PVHO for observation in our report dated a week ago today, meaning it took just four sessions for this idea to yield a great opportunity for a lucrative swing-trade. We observed a low of .084 subsequent to that alert and the stock hasn’t looked back since. It has set higher highs in each ensuing session, culminating in yesterday’s high of .18. That marked a move of 114% so cheers to anyone who was along for the ride!

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Horsehead Holding Corp. ZINC(Q)

We introduced ZINCQ as ZINC a couple of weeks ago before the Q was appended, and despite the bankruptcy status, we’ve seen quite the move out of the stock.

We showed up slightly early to the party, introducing it as a bottom-watch play on the first of this month, but that just ensured that we had a chance to position ourselves before the fun began. Our observed low subsequent to that initial alert was .06 just a couple days hence, and that eventually gave way to yesterday’s impressive new high of .335, which marks an epic 458% run.

Extended Watchlist:
PKGM, PFSD, MINE, AWGI, ATOS, RGLS, CTIC, FLXN

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