Blue Horseshoe Stocks: TSLA, GOOS

Tesla, Inc. TSLA
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When we left off with TSLA on Wednesday after seeing double bag moves in the calls we had tagged the previous day, we stated that we had “reason to believe that we may see some further opportunities in these ideas before the week is out.”.
Those calls were the TSLA Weekly 337.50-347.50 Calls and our assumption that they would provide another wave of gain opportunities proved to be completely accurate. We did in fact get a bigger round of gains which we’ve listed below. These ranges represent a two-day swing from Wednesday’s lows to yesterday’s highs:

$337.50 Calls – Range: 7.50-21.20 – Max Gain: 183%
$340 Calls – Range: 6.07-18.70 – Max Gain: 208%
$342.50 Calls – Range: 4.90-15.98 – Max Gain: 226%
$345 Calls – Range: 4.00-13.78 – Max Gain: 245%
$347.50 Calls – Range: 3.20-11.48 – Max Gain: 259%


Canada Goose Holdings Inc GOOS – Fresh Idea

Despite already being at its annual highs, GOOS is running like scalded dog this morning in the wake of its quarterly earnings report.

We’ve always got our eyes on the earnings calendar to look out for opportunities such as this, to take quick advantage of a rapid rise in volatility. We’re going to slate the GOOS Weekly $50-60 Calls* for observation, which could provide us with a few chances for gains to close out the week.

*Never trade weekly options on a Friday unless you are an expert trader with disposable funds!


Extended Watchlist:
BAK, TXMD, MTNB, CPST

Blue Horseshoe Stocks: TNTR Recap & More

Tintri, Inc. TNTR

Our bottom call of TNTR yesterday morning to kick off the short week could not have been more perfectly timed. For more than two months the stock had been crushed down ever lower, reaching a new 52-week low once again on Friday.

We noted a significant swell in the amount of short interest in the stock, and now it appears as if the squeeze is on- the bottom bounce we said we’d be watching closely for happened right on cue and it was no small move. The stock saw its low at .36 and subsequently ran to .71, marking an intraday rip of 97%

We’re going to want to watch out for a more sustained recovery, and look to TNTR to establish higher lows over the coming sessions.


Dicks Sporting Goods, Inc. DKS

Dicks posted its quarterly report, and took off like a rocket in the premarket today, shooting up over 20% on a hefty earnings neat and raised guidance going forward.

We’re always in the mood to take advantage of a rapid spike in price action and volatility. We like to use options to leverage the activity to our benefit, and in this particular case, we are going to want to cast a wide net and keep a close eye on the DKS Weekly $35-40 Calls.
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Added Idea:
HP, Inc. HPQ Weekly $21-22 Calls


Extended Watchlist:
CODX, CRMD, NAK, CRM, OGEN, TXMD, UPL, BGI

Blue Horseshoe Stocks: Cannabis Commentary & More

NeoPhotonics Corp. NPTN

We’re always bargain hunting for stocks that have been recently beaten back to what appear to be unsustainably low levels, and we’re observing one heck of a double bottom setup on NPTN at the present time.

Twice now the stock has touched and rebounded off of the mid-$4 range, with the annual low coming in at 4.56. We’re going to want to place NPTN on watch in sessions to come and look for the stock to establish higher levels of support.



Valeant Pharmaceuticals International, Inc. VRX

It’s been awhile since we had a look at VRX, and as it turns out, this is another stock that looks ready to start a trend off of a recent relative low.

VRX is gapping up considerably into the $14-range this morning on the heels of a solid earnings beat. We’re going to signal a range of options contracts to watch for some possible dip-and-rip activity. This is just the type of setup we routinely look for, and we’ll be tracking the VRX Weekly $13-14 Calls for the remainder of the week.



Cannabis Commentary

It has been a slow year in general for many domestic cannabis stocks, due, at least in part, to a DOJ led by outspoken marijuana opponent Jeff Sessions. It has created an environment of uncertainty pertaining to the federal government’s likelihood of creating problems for marijuana businesses, even in states where voters have officially spoken and legalized the plant. The marijuana movement is here to stay, but at present, is dealing with this roadblock of sorts.

That doesn’t mean our interest in the sector has diminished. In fact, we’re as exuberant about the future of the cannabis industry as we ever were. North of the Border, Canadians will enact a nationwide end to prohibition just 8 months from now.

The World Anti-Doping Agency, which was formed by the International Olympic Committee to police the use of performance enhancing drugs in athletics, also recently removed Cannabidiol (CBD) from its list of banned substances, opening up a huge market for the hemp-derived product.

Here are just a few of the cannabis plays that we track on a regular basis, and will continue to do so as we head into 2018, which we feel is going to be a big year for the industry and all of its subsectors. Maybe the biggest one yet!

MJNA, TRTC, MJTK, AGTK, GRNH, HEMP, ACBFF, APHQF,  TWMJF, CBIS, XXII,


Extended Watchlist:
TXMD, EVEP, DXTR, COLL, CRC

Blue Horseshoe Stocks: Updates, Bottom-Plays & More


Aeterna Zentaris, Inc. AEZS

We flagged AEZS on Wednesday’s morning, and saw rip its way to nearly a 90% gain. Then yesterday morning, we took note of the heavy volume and kept the stock on our radar.

It didn’t quite match the degree of the previous session’s move, but still followed it up with a solid performance, running from 2.55 to 3.29 on the day. That’s an intraday spike of 29% and a two-day upswing of 122% over our observed low of 1.48,  while volume was massive once again. We’ll be looking for AEZS to possibly continue its multi-day run, and would want to see maintain support at or above Wednesday’s closing price of 2.34 on any pullbacks, in order to remain interested.


ImmunoCellular Therapeutics, Ltd. IMUC

We want to radar IMUC as a bottom-watch play this morning. We noticed the stock had fallen to a new annual low yesterday, following the pricing of a public offering earlier this week, that is expected to be executed today.

We’re always on the lookout for battered stocks that could become rebound play candidates, and we’re always looking for charts with gaps to the upside and IMUC currently checks both of those boxes.


Extended Watchlist:
PPHM, OTTV, TVIA, OPGN, TXMD, FTR, MBRX, PLUG

Blue Horseshoe Stocks: MXSG Review & More

Mexus Gold US (MXSG)

Our first order of business this morning is to give a rundown of the recent performance of MXSG, which has made one heck of a run in the time we’ve been tracking it.

We initially placed this gold play on watch last February 5th when it was trading at .0016 , and the stock, quite incredibly has put together a roughly 10-month uptrend.

Some of the biggest strides have come recently, despite gold prices cratering to their lowest values in that same 10 month period of late. That didn’t stop MXSG from running to a new high of .235 yesterday, which marks a mind-numbing 14,587% increase over the low we observed on the very first time we mentioned the stock in February.

That definitely makes MXSG one of our biggest success stories of 2016, and that includes options trading! Congratulations to anyone who has taken part in such an incredible ride!


IFAN Financial, Inc. IFAN

IFAN is another play we’ve been tracking that has also made big moves for us. When we first brought it to the table on October 24th, it broke out for excellent gains on the order of nearly 400% as it ran from .0031-.0154.

Yesterday, the stock went for a double-bagger, trading in a daily range from .0016-.0033 (+106%). It will interesting to see if it can carry some of its generated momentum of the past couple of sessions into further price surges. Another run at the penny mark from this point would factor in potential gains of up to 200%


GoDaddy, Inc. GDDY

GoDaddy is moving in the wake of news that the company would be attempting to boost its web hosting business with the acquisition of Host Europe in a $1.82B deal (>>View PR).

While the stock is at a good place on the chart, and receiving some attention, we’re going to radar some options to monitor over the next several weeks, in the GDDY 01/20 $35-36 Calls.


Extended Watchlist:
CTIC, HTBX, RCON, TXMD, ONCI,