Tag: STTX

Blue Horseshoe Stocks: BAC, SEAS Recaps & More

Options Recap

 We continued our run of success with options plays on Friday– three of the four ideas we offered ended up turning in notable intraday performances. 


Bank of America Corp. BAC

Our BAC selection was new on Friday morning. After we noticed a PR alluding to an increase of the company’s massive share buyback program, we highlighted one set of options contracts in particular, the BAC Weekly $13.50 Calls.

We witnessed those trade in an intraday range from .16-.37, which represented a move of 131% ultimately proving to be our biggest runner of the day.

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United Parcel Service, Inc. UPS

Our designation of UPS April 8th $104 Calls was one of a pair of ideas that we formulated on Thursday which would carry their success into Friday’s session as well.

Those contracts rose from a daily low of 1.50 and ended up hitting 2.03 for an intraday move of 35%, and a two-session swing of 332% over our observed low of .47 on Thursday.
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SeaWorld Entertainment, Inc. SEAS

The other play from Thursday morning that we highlighted was the SEAS April 15th $18 Calls, and those too traded in similar fashion, putting up a nice intraday gain which also measured as a big increase from the prior session.

On Friday those contracts ran from 1.20-1.95, which marks a 63% intraday pop, and a total jump of  388% over Thursday’s low of .40.

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Our sincerest congratulations to all of our readers both old and new who have been following along with our regular options ideas. A vast majority of our picks in this arena in 2016 have been absolutely stellar, despite highly irregular and uncertain economic conditions.  As always, we’re going to be doing our best to continue this pattern of success indefinitely.

LegacyXChange, Inc. LEGX

On the stock side of things, we had LEGX in our watchlist on Friday, and it managed a respectable intraday move. From an early low of .0243 the stock achieved an afternoon high of .0379; that was good for intraday gains of up to 55%

Extended Watchlist:
SCIE, PCSV, VPRO, STTX, LINE,

Blue Horseshoe Stocks: GBSN Review & More

Great Basin Scientific, Inc. GBSN

If it wasn’t already clear why we kept GBSN on bottom-watch for the past three weeks since our initial flag, yesterday’s continued uptrend brought it into much clearer focus.

Yesterday, after we re-alerted our readers that it had finally lifted off from its annual lows with a nice 50% intraday move, we mentioned that we wanted to see the stock establish a higher base of support as well as new highs, and it got a good start toward that end.

From its morning low of .098, the stock hurtled its way up to a daily high of .1389, which represents an intraday swing of 63%, and from its ultimate low of a nickel from the session prior, an overall increase of 178%

Once again, we’ll look for GBSN to exhibit signs of a more sustained recovery in sessions to come; as a quick view of the current chart reveals, the stock is still in heavily oversold territory and still looking bullish. We’ll want to see it maintain support at a minimum of .0785 to consider the uptrend still in effect.

Heron Therapeutics, Inc. HRTX

HRTX is gapping up heavily in the premarket today on the heels of yesterday’s revelation that the company’s bunionectomy pain drug generated exceedingly positive top-line results in Phase II studies. There is a conference call that just got underway at 8:30AM Eastern discussing the results of that study.

Despite the excitement being shown presently, leading up to this series of events, the HRTX Chart was on its way down and looking ripe for further losses, with the PPS sinking below the 50DMA for the first time since early August, a weakening RSI, and a bearish MACD.  We’re going to be looking at a way to take advantage as the stock pulls back off of this morning’s perhaps over-inflated excitement.

If it turns out as we suspect it may, we’ll look for action in the HRTX Weekly $45 and $42.50 Puts, however, in the event that it appears a bigger move up is imminent, we’d need to hop to the other side of the fence, and in that case, we’d most likely look to the Weekly $40 Calls.

Clean Coal Technologies, Inc. CCTC

We first put CCTC on watch a couple of weeks back, including in our reports on both the 9th and 10th of this month. On those first two days, we witnessed a 42% run from .45-.64, which preceded a pullback to a low of .36 the following day (11th).

Since that time, CCTC has been on a steady incline, and yesterday stock reached a new high of .7238, which marks a seven-session swing of 101% Both it and GBSN have clearly demonstrated why it’s smart to keep a continuous eye on stocks appear to present a good opportunity. Occasionally it takes several days for an idea to mature, but as we saw in both cases here, our initial instincts did prove correct.

Extended Watchlist:
SIRG, STTX, EVTI, CMGO