Blue Horseshoe Stocks: KODK Options & More

Eastman Kodak Co. KODK

In a surprise development yesterday, Kodak announced that it would be the latest company to hop on the cryptocurrency bandwagon, with the upcoming launching of its own crypto coin, KODAKcoin. It is said to be in development for a photo rights licensing platform the photography pioneer is working on.

While that’s all well and good, what we have seen on the KODK chart amounts to little more than a hype fueled surge, which we believe to be unsustainable over the long term. What we want to do to try to use this situation to our advantage is set ourselves up with some bearish options ideas to follow in the weeks ahead.

We;re going to signal the KODK 02/16 $15 & $12.50 Puts. It gives us plenty of time to see KODK top out and begin to come back to Earth, which would certainly provide chances in those contracts on the way down.

Xunlei Ltd. XNET

The most recent time that we tagged XNET was a month ago tomorrow, on December 11th, and shortly thereafter the stock would log a low of 12.30. From that point it launched into what has been a very solid run over the past few weeks.

The stock cracked the twenty-dollar barrier yesterday, and this morning in the premarket, has reached a new high of 24.90 which marks a double-bag move of 102% in just four short weeks!

XNET had a huge similar run from October to November as well, where it topped out at an even $27/share. We’ll continue to monitor the stock in coming sessions, and look for it to retest those previous highs.

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Blue Horseshoe Stocks: UNXL Recap & More

Uni-Pixel, Inc. UNXL

Our premarket report yesterday morning may have left some of our newer readers wondering why we would put forth a stock that had just been crushed to new all-time lows amid forthcoming bankruptcy and the layoff of its entire workforce. Our more seasoned readers will recall many times in the past where just such a set of circumstances has allowed for big opportunities, and yesterday was no exception.

UNXL began its rebound immediately following the opening bell, and in the first 90 minutes of trading, shot up from a low of .07 to as much as .16. That worked out to an intraday rip of 128% which occurred on massive volume on the order of nearly forty times the monthly average.

It just goes to show why we are constantly scanning for stocks coming off of their 52-week lows, because quite often they become fantastic rebound plays just like UNXL did yesterday. In fact, it ended up being the NASDAQ’s biggest gainer of the day, so cheers to anyone who was along for the ride!

Coty, Inc. COTY

We like the setup of the current COTY chart and would like to signal a pair of options contracts for observation in the days and weeks ahead.

Here we have another stock that was battered down in rapid fashion, having been trading over $20/share as recently as the beginning of this month. That includes a large gap left on the chart. It reached it ultimate low on Thursday, and since then has shown signs of a possible extended recovery, not to mention some insider buying.

On that note, we’re going to be looking to the COTY 10/06 $17 & $17.50 Calls  for potential swing trades in the days and weeks to come.

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Blue Horseshoe Stocks: Friday’s Big Winners & More

Abercrombie & Fitch Co. ANF – Options Recap

We initially placed a pair of options ideas for ANF on watch in our premarket report Thursday, highlighting the ANF Weekly $10 & $11 Calls.

We saw multi-bag moves in those contracts that day, and Friday morning, we noted yet another premarket gap-up from the stock, mentioning that we would continue to track for more gains.

. The $10 Calls traded up to a new high of 2.41, and from our observed low of .60 on Thursday, extended  the total move we saw to 302%  The $11 Calls ran to a new high of 1.38, which from our witnessed low of .11 represented a monster two-day swing from Thursday’s low of 1154%

DSW, Inc. DSW – Options Recap

We went very options-heavy in our reports throughout last week, and another idea that bore fruit on Friday was one we formulated on Tuesday morning, with the DSW 09/15 $17.50 & $20 Calls.

In this case, the $17.50‘s were as low as 1.15 after our signal, and closed at 2.72 on Friday, marking a four-session swing of 137% The $20′s ran from .30 to as much as .80, for a 167% move.

There’s still plenty of time before expiration on these contracts, so we won’t rule out seeing further positive activity in the days and weeks ahead.

Amazon, Inc. AMZN

To keep this options train chugging down the tracks, we’re going to highlight a range of contracts in the AMZN chain.

AMZN stock itself has been under consolidation and is presently sitting around an area of previous support. A lot of eyes are on the company as well as its first day as the official owner of Whole Foods brought sweeping price cuts at the high-dollar supermarkets.

We’re going to look to the AMZN 10/06 $965-980 Calls for an extended term idea, which could yield significant gains once a reversal occurs on the chart.

Tandem Diabetes Care, Inc. TNDM

We also want to place TNDM on watch for the reasons outlined in the annotated chart below. The stock cracked its 50DMA last week after recently having fallen to new lows, so we want to put in on the radar for a potential recovery play.

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