Blue Horseshoe Stocks: Huge VRX Calls, New Ideas & More

Valeant Pharmaceuticals, Inc. VRX

Our latest round of VRX Calls will almost certainly go down as one of our best three-day swings on any idea we’ve ever formulated. Beginning on Tuesday when we offered up the VRX Weekly $10.50-12 Calls as a target range. That day the stock traded as low as 10.57 before beginning this epic run that facilitated some truly impressive gains. VRX continued to bull its way to new highs yesterday, hitting 14.55, which in itself represents a 38% rise over Tuesday’s low.

Just like we did in yesterday’s premarket report, we’ve included the intraday moves, as well as our overall observed gains. 

$10.50 Calls – Daily Range: 1.95-3.89 – Daily Gain: 118% – Total Range: .40-3.89 – 3-Day Swing: 873%
$11 Calls – Daily Range: 1.46-3.50 – Daily Gain: 140% – Total Range: .18-3.50 – 3-Day Swing: 1844%
$11.50 Calls – Daily Range: 1.27-2.99 – Daily Gain: 135% – Total Range: .08-2.99 – 3-Day Swing: 3638%
$12 Calls – Daily Range: .51-2.51 – Daily Gain: 392% – Total Range: .02-2.51 – 3-Day Swing: 12450%

A hearty congratulations goes out to anyone who took advantage of one of our best ideas of the year so far!

Northern Dynasty Minerals Ltd. NAK

Following our alerts on the stock in March at which time we stated that we believed there was “serious upside potential” for NAK, the stock has proven our assumption to be accurate. It has lived up to that potential as well in recent week, and this morning we’re seeing the stock gapping up to new highs in the premarket today with shares changing hands for as much as 2.60.

From the 1.06 low we observed in March, that represents a roughly two-month upswing of 145%

Today’s heightened activity likely stems from the new announcement the company made via PR this morning. Its wholly-owned subsidiary, Alaska-based Pebble Limited Partnership, and the US Environmental Protection Agency have reached a settlement agreement with respect to the parties’ longstanding legal dispute.

Under the terms of the settlement agreement, EPA has agreed the Pebble Project can proceed into normal course permitting under the Clean Water Act and National Environmental Policy Act. (>View Full PR)

Snap, Inc. SNAP – Options Ideas

SNAP took a pounding yesterday after releasing earnings that many are referring to as a disaster, but is recovering in the premarket today. We want to try to signal a range of calls to coincide with what could be a significant course-correct.

We’re looking at the SNAP Weekly $18 Calls* for quick daytrading opportunities, as well as the SNAP 6/16 $18-19 Calls for a longer-term recovery idea.

Bonus Idea: AZN $32-33.50 Weekly Calls*

*Never attempt to trade weekly options on a Friday unless you are a highly experienced trader- it’s an exceedingly risky proposition.

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Blue Horseshoe Stocks: CACH, PLUG & More


Continuing the pattern of tracking bottom-plays that we’ve established this week, we have another potential play to add to the mix this morning with CACH.

We noticed this one on our premarket scanner this morning, and after glancing at the chart we can see potential for a possible dead-cat bounce. The stock has recently been beaten back to a new 52-week low at .22, and is rebounding back to the mid-.30′s in this morning’s premarket trading. We’ll have an eye on it for at least the remainder of the week.

Today’s Press:

CACHÉ, Inc. (CACH), a national multi- channel specialty retailer of women’s apparel and accessories, today announced that the Company has received an inquiry from a third party regarding a potential sale of the Company >> Full PR

Plug Power, Inc. PLUG

Our long-time subscribers will certainly recall our monstrously-successful interactions with PLUG in the past, but for those who are newer to our reports, a quick refresh- we tagged plug initially back on February 28th, 2013 at a price of .135, and over a 13-month period followed it all the way to a high of 11.72 (this March); an eye-popping increase totaling 8,581%

Currently, PLUG is trading near the $4-mark in this morning’s premarket, and there is a gap on the chart from roughly 4.50-5.00. If the stock can break its 50DMA at 4.36 on the strength of a significant PR this morning, we could see a gap-fill.

On the whole, the stock is trading at a relative bottom, and with a number of factors looking favorable (including this morning’s announcement of a contract worth upwards of $20M), we like the chances of seeing some opportunities come our way.

The severe beating currently being administered to the fossil fuel markets makes now as good a time as any to look at alternative energy plays like this one, as well as others we’ve previously tracked within the sector, such as BDLP and FCEL.

LATHAM, N.Y. and SPOKANE, Wash., Dec. 4, 2014 (GLOBE NEWSWIRE) — Plug Power Inc. (PLUG), a leader in providing clean, reliable energy solutions, today announced that it has executed a multi-year contract for its ReliOn integrated fuel cell solution and GenFuel hydrogen services to be used with a major North American telecommunications provider. >> Full PR

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Bonus Penny Watchlist: VSTR, AVIX