Blue Horseshoe Stocks: Options, Bottom-Plays & More

MarilynJean Interactive, Inc. MJMI

We want to circle back around to a play we tagged for observation last week. MJMI has been making a good deal of progress, showing upward momentum over the past couple of sessions.

Subsequent to our mention of the stock we took note of a .091 low (Friday), and after a couple days on the upswing, MJMI reached a high of .216 yesterday afternoon. It represents a three session-swing amounting to 137%

We’ll want to see the stock maintain support at or above the 50DMA at .16 on any pullbacks in order to remain interested.


Potential Momentum Plays

Each of the following stocks represents the possibility for continued momentum coming into this morning’s sessions. Both closed just a shade under their respective highs-of-day, and will be placed on watch as we cruise through midweek.

CollabRx, Inc. RNVA – We’re no strangers to this stock, which is in the midst of filling a sizable gap on the chart that presently runs from current PPS levels in the mid-to-upper .30’s, on up to around .47.

Yesterday RNVA hit a high of .39 before closing just below at .37. We’re looking for the stock to produce its fourth consecutive session of higher highs and higher lows today.
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Intermolecular, Inc. IMI – IMI is new to our reports this morning, and qualifies as both a bottom-bouncer as well as a potential momo-play. It also ended up closing with strength, just a hair shy of its daily high yesterday.

It comes less than a week removed from a big PPS dropoff, so we’ll be on the lookout for the stock to continue this rebound and regain some of the ground it has lost over the past week or so.


Tempur Sealy International, Inc. TPX – Options Update

We also want to provide a quick update on the TPX longer-term options idea that we’ve been tracking for over a week now. We were initially interested in the TPX 08/19 $70-80 Calls. The $70’s have since been pushed too deep in the money, but over the past week both the $75’s and $80’s have performed quite well:

$75 Calls – Range: 1.91-4.50 – Max Gain: 135%
$80 Calls – Range: .38-1.35 – Max Gain: 255%

We’ll continue to track these plays leading into their expiration next Friday.


Extended Watchlist:
ECPN, MINE, EEGI, ASPS, PLG, JD

Blue Horseshoe Stocks: Options, VHUB Recaps & More

Tempur Sealy International, Inc. TPX – Options Update

In Friday morning’s premarket report, we were providing updates on an options trading idea that we’d initially put forth on Thursday, the TPX 08/19 $70-80 Calls. The three sets of contracts had managed to yield gain opportunities ranging from 60-118% in that first session.

We also mentioned that because of the extended expiration date, we’d want to stay hot on the trail of this idea, and it was a good thing we did, because potential profits were extended with new highs in every case.

Our total observed gains over a two session span are as follows:

$70 Calls – Range: 3.00-6.10 – Max Gain: 103%
$75 Calls – Range: .90-.2.54 – Max Gain: 182%
$80 Calls – Range: .25-.60 – Max Gain: 140%

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Amazon.com, Inc. AMZN – Recap

As a fresh daytrading idea, we also submitted the AMZN Weekly $762.50-770 Calls for observation on Friday, and saw some nice chances for solid gains there as well, early on in the session.

All of these huge moves occurred prior to the lunch hour:

$762.50 Calls – Range: 1.56-4.57 – Max Gain: 193%
$765 Calls – Range: .88-3.46 – Max Gain: 293%
$767.50 Calls – Range: .64-3.00 – Max Gain: 368%
$770 Calls – Range:  .16-1.15 – Max Gain: 619%


Vapor Hub International, Inc. VHUB

VHUB appeared in our morning report on Friday as well, and put up a notable intraday run itself. From a low of .008, it broke out of subpenny territory and reached as high as .018. That was good for gains of up to 125% on the day.

Ideally, we’d like to see the stock maintain its penny-plus status moving forward, but technically, it would hold our interest as long as it stays above Thursday’s swing high of .0094 on any dips.


Kraig BioCraft Laboratories, Inc. KBLB

We recently came back to stock that we’ve covered a lot in the past. On July 13th we alerted the play, when it was trading as low as .0261, and on Friday, the stock hit a high of .069, marking an upswing of 164% in just over two weeks’ time.

We’ll continue to follow its progress as we kick off a new trading week, granted that it closed with strength just a tick below its high of day. In order to keep our attention, we’ll need to see it hold support at or above .04 on any forthcoming consolidations.


Extended Watchlist:
TRTC, EEGI, CGRA, SNMN, USPR, MSTX, KOOL, ONVO

Blue Horseshoe Stocks: Weekly Wrap-up, Fresh Ideas

Evoke Pharma, Inc. EVOK

Leading into yesterday’s session, some people might have looked at a gapped-down, backsliding, new 52-week low play like EVOK, and dismissed it out of hand. Those people would have missed out on the prime opportunity we provided our readers in tagging the stock for observation in yesterday’s premarket report.

Whenever we see a stock showing any indication of bounce activity off of an annual low, it puts us on high alert, and plays like EVOK are the reason for that. The stock traded in a range from 2.51 up to 3.28, a solid single-session swing amounting to 31% and it appears as if the massive gap on the chart beginning at 3.50 is already in the process of being filled, with the stock trading as high as 3.70 in early trading this morning.

We want to see the premarket low of 3.15 hold as support on any pullbacks in order to sustain our immediate interest in EVOK.

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Added Notes:
Tokai Pharmaceuticals. Inc. TKAI and CytRx Corp. CYTR – These plays are currently boasting charts that are incredibly similar to the situation we found EVOK in yesterday, with major gap-downs leading to new lows, with a hint of bounce activity in yesterday’s session. We’re going to place these stocks on alert this morning as well.


Tempur Sealy International, Inc. TPX – Options Idea

Yesterday, as we caught TPX coming off of an earnings beat, we wanted to put a range of call contracts on watch to leverage the expected subsequent activity to our advantage. Due to the fact that there were no weekly calls to track, we submitted a longer-term set of contracts, yet the gain opportunities were immediate.

Our target calls, the TPX 08/19 $70-80 Calls, all made appreciable moves on the day:

$70 Calls – Range: 3.00-5.40 – Max Gain: 80%
$75 Calls – Range:  .90-1.96 – Max Gain: 118%
$80 Calls – Range: .25-.40 – Max Gain: 60%

We’ll continue to monitr these plays in the week ahead leading into their expiration.

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Fresh Idea:
Expert traders may want to take a look at AMZN Weekly $762.50-770 Calls for potential daytrades today on the heels of yesterday’s post-market earnings beat.


North Springs Resources Corp. NSRS

NSRS was also an item of interest from yesterday’s report, having been entered into the extended watchlist as a potential bottom-bouncer. We got just the type of rebound we were after, as the stock traded up from a low of .033 to a high of .043. That was good for a nice 30% gain opportunity, and the stock will remain on our radar provided it can continue to build a higher base level of support off of its bottom.


Extended Watchlist:
DNRG, SING, VHUB, SPHS, SPU, MCRB(Watching for Bottom)