SUNE | Blue Horseshoe Stocks

Blue Horseshoe Stocks: RAS Update, Options & More

RAIT Financial Trust RAS

RAS was a point of focus in yesterday’s premarket report. We highlighted it as a stock that had been hammered back for the better part of the past two months, which was long overdue for a rebound.

Timing just doesn’t get any better, with RAS having just registered a brand new 52-week low in the previous session, the reversal we were after occurred as the stock traded in a daily range from a low of 2.30 on up to 2.57. While only a modest 12% increase, we’ll be very interested to continue monitoring RAS in impending sessions. The stock closed just a few pennies below the HOD on roughly 4.5X the 3-month average volume.

We’ll look for RAS to keep logging higher lows and establish a sustained recovery, and remember, there’s a gap on the chart beginning at around 3.15, the filling of which would put the price back at $4.

New Options Idea – The Walt Disney Co. DIS

There’s an unusual amount of excitement surrounding Disney this week, with Star Wars: The Force Awakens, the seventh movie in the Star Wars franchise set to hit theaters on Friday.

Add in the recent revelation that Alibaba (BABA) has teamed up with the company to distribute Disney films in China through a new device called DisneyLife, and we’re very interested in the potential activity these events could fuel in the DIS options chain.

As a result, we want to track contracts in the range of Weekly DIS $112-116 Calls for quick-strike chances, to try and take advantage of the current excitement. The stock is gapping up significantly in the premarket, so we’ll be on the lookout for an early dip-and-rip.

Extended Watchlist:
MCUR, MBLX, NGL, TERP, SUNE, AMBS, WEST, USAR

Blue Horseshoe Stocks: News Play, MHRC Recap & More

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Magnum Hunter Resources Corp. MHRC

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In yesterday’s premarket publication, we went over several momentum plays that have been very good to us in recent sessions, and among those was MHRC. We tagged this one last Monday (11/16)just a couple of sessions after it registered a new annual low.

From there the stock has built one heck of a recovery, and after a bangup intraday performance yesterday, it managed to press to new highs yet again. The intraday move on MHRC was from a low of .037 to .074, which comes out to an even 100%, and that high represents a total increase of 252% over our observed low of .021.

As we pointed out in a previous mention of this stock, there are a couple of gaps on the chart, the filling of which would mean more big moves to the upside. They sit at .08-.15, and beyond that, from .19-.26. The filling of the first gap would spell the chance for yet another double-bagger, so we’ll be sure to leave this play on our radar.

AgriEuro Corp. EURI

Speaking of momentum movers, we want to take this opportunity to recap the performance of another stock that we tagged for observation in our report on Monday the 16th. On that day, we caught the stock at a low of .381, and it has been smooth sailing ever since. EURI has recorded higher highs and higher lows every single day, culminating in an impressive new high of 2.00 yesterday.

That incredible move works out to total possible gains of up to 425% for anyone who caught our initial alert just seven sessions ago. Cheers to those who took advantage!

First Choice Heathcare Solutions, Inc. FCHS

Catching our eye toward the end of the day yesterday was FCHS. The stock made a nice intraday move from .73 and ran into the close at .98 on heavy volume.

That action alone would generally be enough for us to place a stock on watch for a possible continuation of momentum, but the company sweetened the pot even further with a post-market reveal of some promising guidance through 2016.

FCHS figures to be a stock that we track over an extended period, so now is the time to familiarize ourselves with its characteristics. To that end, we recorded a video of the chart this morning to point out some of the technical highlights, and would suggest our readers take a few minutes to check it out:

( Please Note: In the video, Stock Sumo gives the former company name, “Medical Billing Assistance Inc.” as it is still listed this way on StockCharts.com. First Choice Healthcare Solutions, Inc. is the correct and current billing.)

PRESS LINKS:

Pfizer, Inc. PFE Options Idea

We’ve noticed that PFE is rebounding off of a recent relative low on the chart, and this morning the stock is gapping up considerably in defiance of a less-than-ideal PR alluding to disappointing top-line results from late-stage studies of the drug Lyrica. We’re going to monitor a quick options idea to correspond with this activity, specifically, the PFE Weekly $31-32.50 Calls.

Extended Watchlist:
BIEI, FDBL, HPTG, PPCH, ICLD, VLTC, SUNE, BONT

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