Tag: SPY

Blue Horseshoe Stocks: Wrapping Up Another Great Week

Baristas Coffee Company, Inc. BCCI

We first placed BCCI on our tracking list on Tuesday in our premarket report (and every day since), and the stock has gone on to make bullish moves all week. From our observed low of .009 on Tuesday, it took BCCI just three sessions to register an enormous swing to upside.

Yesterday the stock reached as high as .0279  which marked an intraweek increase of  210% and it did so on near-record volume, trading more than five-and-a-half times its 3-month average.

USA Restaurant Funding, Inc. USAR

USAR is another stock we’ve been tracking over multiple sessions this week. We entered it into the mix on Wednesday morning, at which time we witnessed lows of .0015 followed by a 93% run to .0029. We continued to track it into yesterday’s session whereupon the stock pressed from .0026 to a new high of .005 (+92% intraday) before falling back to the .002-range.

Two consecutive days with moves of better than 90% is nothing tio sneeze at; the overall range we observed in USAR in just a pair of trading days amounted to 233%


Fresh Options Ideas

We had tremendous success last Friday with sets of inversely-correlated options plays, so much so that we’ll try to do it again today. The VXX and the SPY have a tendency to mirror each other in reverse; we’ll use that fact to formulate a group of ideas that we feel have good potential based on this morning’s premarket activity.

The VXX Is gapping up over 4%, trending above both the 50DMA (19.75) and the 200DMA (21.08), and the set of options we’re going to be monitoring as a result are the VXX $20-22 Calls. Conversely, we’ll also track the SPY $206-203 Puts.

Notice the line we’ve drawn on the following VXX chart snapshot; the $22-mark has been acting as a key resistance area in recent months. A break past that figure could spell significant advances from this juncture. In the event that occurs, we may need to look at rolling up our strike prices accordingly.

Extended Watchlist:
CBIS, MHRC, CANV, HPTG, DBMM

Blue Horseshoe Stocks: Friday’s Options Success & More

VXX & SPY Options Recap

We ended last week on an extremely strong note with respect to our premarket options-trading ideas. As we’ve done so many times this year, we offered up some target ranges in which we felt we’d see big activity, and every single contract highlighted therein would go on to make huge intraday swings.

We outlined our interest in the VXX $20 and 19.50 Puts SPY $206-207 Calls, specifying that we’d flip to VXX Calls and SPY Puts in the event that the VXX breached its premarket high of 19.70. That never occurred, we therefore stuck with the original idea, and the possible gains afforded to whoever was paying attention were quite large:

VXX

$20 Puts  – Trading Range: .59-1.79  – Max Gain: 341%
$19.50 Puts – Trading Range: .29-1.28   – Max Gain: 203%

SPY

$206 Calls – Trading Range: .75-3.91  – Max Gain: 421%
$206.50 Calls – Trading Range: .48-3.42   – Max Gain: 612%
$207 Calls – Trading Range: .31-2.05 – Max Gain: 561%

These plays were also topics of discussion in our daily live trader’s chats last week, and we’ve been receiving a lot of inquiries from our readers who want to get involved. We welcome anyone who enjoys our daily reports to join in, and all you need to do is log onto Skype and send a contact request to username stocksumo.

VitaCig, Inc. VTCQ

We put VTCQ on watch in this past Wednesday’s morning report, and the stock made one heck of a two-session swing from the following morning to Friday afternoon’s closing bell.

Friday’s move alone was quite impressive- the stock ran from .008-.145 which comes out to an intraday pop of 81%  Our observed low of .0042 came promptly at the open on Thursday, and measured from that point, Friday’s closing price represents a total move of 245%

Granted the fact that we did see VTCQ close at its high of day on roughly three times its monthly average volume, we will want to leave this play on our radars. As usual we’ll look for it to record higher highs and higher lows, and to retain our attention, it will need to maintain support at or above .01. The next key area of resistance appears to be sitting at .0181.

Extended Watchlist:
AMBS, ARYC, AGTK, FCEL, SNGX, IGEX(Bottom-Watch)

Blue Horseshoe Stocks: Big Options Winners & More

Friday Recap: Huge Options Success

Even during such times when big stock gainers are difficult to come by, we’ve managed to balance the scales with some excellent options ideas. It hasn’t been just a few either, a fact to which our regular readers can surely attest. It’s been one great idea after another, and Friday’s premarket report included still more premium chances for big intraday profits!

Our specific targets were UVXY Weekly $33-35 Calls, and SPY Weekly 205-203.50 Puts and there were no contracts within the specified ranges that didnt make an appreciable move during the session. The epic moves were as follows:

Pro-Shares Ultra VIX Short-Term Futures (UVXY) Calls
$33 Calls – Trading Range: 1.01-4.70 – Max Gain: 365%
$33.50 Calls – Trading Range: .80-4.13 – Max Gain: 416%
$34 Calls – Trading Range: .59-3.70 – Max Gain: 527%
$34.50 Calls – Trading Range: .45-2.82 – Max Gain: 526%
$35 Calls – Trading Range: .26-2.85 – Max Gain: 996%

SPDR S&P 500 ETF (SPY) Puts
$205 Puts – Trading Range: .78-2.63  – Max Gain: 237%
$204.50 Puts – Trading Range: .54-2.17 – Max Gain: 302%
$204 Puts – Trading Range: .33-1.60 – Max Gain: 385%
$203.50 Puts – Trading Range: .20-1.17 – Max Gain: 485%

Big cheers go out to any of our readers who were with us on these monstrously successful calls (and puts) on Friday! As we said, most of the options ideas we’ve been formulating have been home runs, and these plays were no different.

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As a bonus idea, we included a flag of the FitBit, Inc. FIT  Weekly $30 and 29 Puts, and some stellar gains were possible there as well:

$30 Puts – Trading Range: 1.00-2.80  – Max Gain: 180%
$29 Puts – Trading Range: .54-2.17 – Max Gain: 302%

Bottom-Watch Plays

Magnum Hunter Resources Corp. MHRC

We’re going to signal our interest in MHRC as a potential bottom-play this morning, and a quick viewing of the chart will show why. The stock has been beaten senseless in recent sessions, and is well into what we’d characterize as heavily oversold territory. It has managed to register higher lows in each of the past three sessions, so we’ll be watching for a continuation of that trend up off of the recently recorded 52-week low.

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SunEdison, Inc. SUNE

We’ve had our eye on SUNE as the apparently undervalued stock was searching for a bottom. We were looking for solid signs that it had found that bottom and was readying for a rebound, and over the past couple of sessions, we’ve seen the signals we were after. We’re going to officially place this one on watch as we kick off a new week, as we feel the stock to be grossly undervalued at the current PPS.

Trader’s Chat Winner

We also want to give a quick shout-out to DJ from our live trader’s chat* on Friday, who called out the NFLX $105 Puts which subsequently ran from .25-1.63 (+552%). Cheers, DJ!

*Remember, any of our valued readers has to do to get in on our daily trader’s chats, is log into (or create) your Skype account and send a contact request to ‘stocksumo’. We’d be happy to allow any interested parties to participate!

Extended Watchlist:
BIEL, BIEI, GLDG, EURI