Blue Horseshoe Stocks: Options Ideas, Chatroom Call & More

Options Update

Medivation, Inc. MDVN

The fresh idea that we produced in yesterday’s morning report was a rousing success. We had our sights set on MDVN Weekly $41.50-43.50 Calls as outlined in our watchlist, and from within that range came multiple chances for outstanding intraday gains.

$42 Calls – Trading Range: .54-4.29 – Max Gain: 694%
$42.50 Calls – Trading Range: 1.75-3.70 – Max Gain: 111%
$43 Calls – Trading Range: .80- 2.07 – Max Gain: 159%\

The stock is gapping up drastically in the premarket, so we expect it to add to those gains this morning.


Fresh Ideas:

Tesla Motors, Inc. TSLA - Today we’re going to hone in on TSLA Weekly $240-250 Calls* for possible daytrades.

ProShares Ultra VIX Short-Term Futures UVXY – The markets don’t seem to be responding well to the new jobs figures. Our related target is going to be Weekly UVXY $19-21 Calls*.

*Don’t forget, trading weekly options on Friday is very risky. Not to be attempted if you’re anything less than an expert trader!

Bottom-Watchlist Updates


Yesterday morning, we gave our readers a heads-up on four big board plays that were trading at relative bottoms that we wanted to watch for rebound activity. While it was the most pronounced in SKYS, all four of them produced some level of intraday upswing.

Sky Solar Holdings Ltd. SKYS – As we said, the clear winner for the session was SKYS which rode a wave of upward momentum from a morning low of 1.30 to a subsequent high of 2.58. That gave anyone who caught our alert a chance at gains of up to 98% on the day! The ranges and gains on the remaining trio of bottom plays were as follows:

Rock Creek Pharmaceuticals, Inc. RCPI - Range: .295-.365  – Gained: 24%

United States Anitmony Corp. UAMY – Range: .1997-.243 – Gained: 22%

Towerstream Corp. TWER – Range: .1099-.129 – Gained: 17%

We’ll leave all four on our radars in sessions to come to spy for signs of continued recoveries, with the recording of higher lows and higher highs.


Strikeforce Technologies, Inc. SFOR

We also had SFOR come off of our extended watchlist to put up a solid session. The stock ran from a low of .0007 and reached .0013 for an 86% intraday rip.

Latest From the Chatroom

As many of you already know, we conduct daily live traders chats via Skype, and one of our valued participants produced another bigtime winner yesterday. DJ was at it again with his knack for sussing out hidden gems, and the whole group benefited.

He spotted NVNT and shared with the room, and what followed was an epic run from .002-.024 (+1100%).

If this isn’t an example of why we urge our readers to get involved with the chats nothing is, so do yourself a favor and send a Skype contact request to username stocksumo and start participating today!

Extended Watchlist:

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.


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.


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:

Blue Horseshoe Stocks: New Options Ideas, Rebound Play & More

JC Penney Company Inc. JCP – Options Review

If you recall yesterday’s premarket report, we were targeting some JCP options calls to play off of the anticipation of this morning’s earnings release. Our idea returned some nice opportunities for intraday gains. We were specifically looking to the JCP Weekly $8.50 Calls for these chances, and those contracts traded in a range from .39-61 during yesterday’s session. That made it possible for traders to bank up to 56% in intraday profits.

As for JCP’s Q3 earning release, expectations were exceeded and yet the stock is still down considerably in the premarket. Many people are citing an overall struggle for the retail sector as a whole this quarter as the reasoning behind some of the less-than-spectacular performances we’re seeing.


Fresh Options Ideas:

To finish out the week, we’ll formulate a couple of quick-strike options ideas to correspond with the general sentiment of the markets this morning. Stocks have been continuing to struggle, presumably due at least in part, to the uncertainty of a potential rate-hike next month. As a result the UVXY (can be thought of as a ‘market fear’ indicator)  just made its biggest move of the past few weeks and looks like it wants to head higher this morning.

To play into this potential trend we’re going to flag both the UVXY Weekly $33-35 Calls, and the SPY Weekly 205-203.50 Puts for potential daytrading action.

Of course, if the markets pull a head-fake and appear as if they to want to rally, we can always jump to the other side of the fence with each idea. In that case we’d be observing the same strike prices, only with UVXY Puts and SPY Calls.

Bonus Idea: FIT Weekly $30 and 29 Puts

MannKind Corp. MNKD

We’re also going to put MNKD on watch in sessions to come; the stock established a new 52-week low on Wednesday, and followed that up with a significant rebound yesterday.

We’ll be on the lookout for the recording of higher highs and higher lows and a testing of key resistance at the 50DMA of 3.26, which from current levels, would spell a solid gain of 25% in and of itself.

Extended Watchlist:

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Blue Horseshoe Stocks: GROC, GDSI Recaps & More

Great Rock Development Co. GROC

During an uncertain time where others have been reticent to pull their heads out of the sand, we continue to stand and deliver. Jumping off of the page in Friday’s report was GROC which made a few appreciable swings on the day.

Following a solid 46% initial run from the .0085 low up to .0124, the stock came down to bounce off of the .0098 mark, and returned to .0115 (+17%). That preceded one final pullback to .009 before GROC ripped back to .012 (+33%) and brought the stocks cumulative intraday gain total to 96%

We had originally alerted the stock on Wednesday morning, and witnessed a low of .0055. From that mark, we’ve seen an overall move of 125% over a span of just three sessions from GROC.

Global Digital Solutions, Inc. GDSI

Another great call for us was GDSI, which had a heck of a solid session after being mentioned in Friday’s premarket report. We outlined the fact that it had just come off of a new 52-week low and it turned into another successful bottom-play.

From its low of .0016 which it recorded shortly before the lunch hour, the stock ran with strength into the close, ending the session at its high-of-day at .0025. That move was good for intraday gains of up to 56%, so cheers to any of our readers who were able to bag a nice profit.

We’ll have an eye peeled for GDSI again this morning, as is generally the case in a session following such a strong closing performance.

UVXY and VXX Options Recap

Our main point of focus on Friday was using the activity of the overall markets to leverage ourselves some nice opportunities with Weekly VXX $22.50-25.50 Calls and UVXY $48-52.50 Calls.

It wouldn’t have mattered which symbol, or which strike price in our target ranges at which traders chose to execute, because every single contract we specified provided a chance for a windfall.

The biggest gain opportunities in each set were the VXX $24.50′s which exploded on a 900% rip from .05-.50, and the UVXY $51.50′s which traded in a range from .52-2.70 for total possible intraday gains of up to 419%

AEterna Zentaris, Inc. AEZS

It’s been a few months since we last looked at AEZS, and we’re going to place it back on watch to kick off this new trading week, as the stock made an undoubtedly strong move on Friday, and closed at its high of day. That quilifies AEZS as a possible momentum play.

These present the opportunity both to ride any residual momentum, as well as position ourselves to strike on a dip-and-rip scenario, which often show their faces in situations such as this. So we’ll keep our heads on a swivel in monitoring AEZS moving forward.

Plug Power, Inc. PLUG

PLUG is an old-time favorite of ours that has made us enormous gains in the past. It’s been awhile since we lasted touched upon this one, as we were waiting for it to provide a solid signal that it was coming off of yearly lows, and over the past few sessions we’ve begun to see that.

PLUG has registered higher highs and higher lows for the past four consecutive sessions, so we’ll be monitoring the stock this week for continued progress on that front. As you can see on the included chart snapshot below, we have a RSI just cracking above the 50-line showing relative strength, and the MACD is looking quite bullish as well. There is a slight gap to fill on the chart around the 2.00-mark, and the next key resistance we’ll look to be broken will be the 50DMA of 2.13.

Extended Watchlist:

Blue Horseshoe Stocks: UVXY, VXX Options & More

No Rate Hike – SPY & VXX Options Ideas

Another eagerly-anticipated FOMC meeting came and went without an interest rate hike by the Fed yesterday, and as a result we observed a dramatic rise in volatility for the markets. We expect that turbulent activity to carry over into today, and with the added caveat of it being expiration day for weekly contracts, it could give rise to some serious options-trading opportunities.

Currently we’re seeing the VXX and UVXY gapping up in the premarket this morning. We will be on the lookout for a potential bounce in the markets followed by a fade to the downside. It would be at that point we’d look to get positioned in some Weekly VXX and UVXY Calls, specifically VXX $22.50-25.50 Calls, and the UVXY $48-52.50 Calls. Alternatively, we could take advantage of the same sort of scenario with SPY Weekly $197.50-194.50 Puts.

Part of the beauty of trading options is, if by chance the markets undergo a more sustained rebound and operate contrary to our initial gut instinct, we can simply flip those ideas to the other side of the fence (Puts where we mentioned Calls, and vice-versa) while striking in the same target ranges.

Great Rock Development Co. GROC

We also want to make mention of a stock we tagged for observation in Wednesday’s report which has made a nice intraweek move. GROC traded at a low of .0055 that morning, and followed up with a couple of solid sessions.

Yesterday. the stock managed to close at .0085, which represents a 55% session-over-session increase, and it occurred on slightly more than 3.5X the average monthly trading volume.

Global Digital Solutions, Inc. GDSI

GDSI is another subpenny play that caught our eye yesterday as it rebounded off of a new 52-week low. This stock has been steadily trending down for a protracted period, and is just about reaching the point where a more significant recovery could be in the cards.

It’s self-evident on the chart below, which shows that GDSI is heavily oversold at the present time. Add in a recent bullish cross on the MACD, and this is one we’ll want to monitor more closely in coming sessions. We’ll look for it to continue to register higher highs and higher lows off of that bottom.

Extended Watchlist: