Tag: VAPE

Blue Horseshoe Stocks: Fresh Options Ideas, VAPE Recap & More

Fresh Options Ideas

The markets made a notable upturn following yesterday’s Fed meeting from which we learned that it will be proceeding with caution regarding a potential interest rate hike. The floundering world economy as well as trouble with low inflation domestically were cited as reasons behind the reticence. Despite the note of uncertainty, there is nothing ambiguous about the overall market sentiment at present, which is leading us to formulate some bullish ideas on the options-trading front.

SPDR S&P 500 ETF (SPY)

We’ve enjoyed tons of success trading SPY options in the past when we need a close analog of the markets as a whole, so it stands to reason that we call out a new idea for some SPY Calls this morning. We’re going to be paying attention to the SPY Weekly $204-206 Calls.


Apple, Inc. AAPL

AAPL seemed to enjoy a boost in the wake of the US Government’s dismissal of the federal court case which had embroiled the two in recent weeks. After enjoying a steady increases throughout the session, the stock is currently gapping up in the premarket. Our target range here is going to be AAPL Weekly $107-109 Calls.

Ambarella, Inc. AMBA

We flagged AMBA in yesterday’s watchlist and it too produced a bullish session. In addition to being connected with AAPL being a provider of internal hardware for Apple devices, AMBA received an upgrade from analysts at Morgan Stanley. We’ve got a corresponding options idea for this one as well. For this play, we’re looking to the AMBA Weekly $44-46 Calls.

Lulu Lemon Athletica, Inc. LULU

LULU is gapping this morning on the heels of an earnings beat, so we’re going to want to signal some calls here as well. This is another stock whose options chain has provided us with ammunition for extreme gains in the past. We’ll be monitoring the LULU Weekly $62-65.50 Calls.

With everything gapping up in the premarket, we’ll of course be on the lookout for possible dip-and-rip scenarios prior to the execution of any of these ideas.

Vape Holdings, Inc. VAPE
 
We can officially add VAPE to the list of cannabis-related stocks that we’ve witnessed making appreciable upswings this week. We added it to yesterday’s morning report as another pot-play to keep an eye on, and we’re immediately rewarded with a solid opportunity for some single-session gains.

VAPE traded in a range from .0106 to .017 on the day, giving traders the chance at profits of up to 60% The move came in conjunction with the announcement of another round of debt restructuring and consolidation (>>View PR).

We’ve added new cannabis candidates to our radar each day this week, and we’ll repeat that again today, pinning CANL and MCOA to our watchlist.

Extended Watchlist:
RVUE, WDRP, EARI, GALE, ACAD

Blue Horseshoe Stocks: Pot Stocks, ALDR Recap & More

Max Sound Corp. MAXD
 
After congratulating ourselves on observing a 112% rip from MAXD after tagging it in Thursday morning’s premarket report the stock wasn’t finished. Just as a refresher, our observed low that morning was .0033 and the high came in at .007.

We said we wanted to keep tracking the stock due to a strong close and the momentum did indeed carry over into the new trading week. After the slightest dip to .006 first thing in the morning yesterday, MAXD once again took off northward, reaching a new high at an even penny.

The activity was good for isolated intraday gains of up to 67%, and at that penny high, it represented a two-session upswing of 203% over our observed low from Thursday. As long as MAXD continues to register higher base levels of support as it has done thus far, it will retain our attention.

Alder Biopharmaceuticals, Inc. ALDR

ALDR was an inclusion from yesterday’s watchlist as well, and we saw some excellent intraday gains, especially considering its elevated price range. We watched as it traded up from a low of 21.75 and reached a subsequent high of 27.79.

That represents a single-session advance of 28% which is all the more impressive coming from a $20+ stock. The move came on roughly fifteen times the 3-month average volume, and was facilitated by news of positive migraine study results.

Also included in our report yesterday was a list of marijuana stocks we’ve tracked over a period of years, that we wanted to revisit to kick off the week, as investor interest in the cannabis space seems to be on the rise of late. In addition to HEMP, which made a small double-digit increase but had a relatively modest session by comparison, the following pair each made gains of a more substantial nature: 

GreenGro Technologies Corp. GRNH – First up, GRNH made an impressive daily swing as it traded in a range from .03-.05, for potential profits of up to 53% being made possible on the day.

Terra Tech, Inc. TRTC – The other runner was TRTC, which made a move from .33-.41, a 24% increase. We’re going to continue to reserve a spot on our radars for this one as well, especially with a post-market earnings call slated for this afternoon. (Click through to PR for participation info)


*We also have a reminder for our readers of a couple other pot plays we’ve tracked in the past that we’re going to be monitoring more closely in the light of increased sector activity: PHOT, VAPE

Extended Watchlist:
AMBA, MINE, TAPM, OHRP, WATT

Blue Horseshoe Stocks: VAPE Recap, Options & More

Yesterday’s Winning Plays

Vape Holdings, Inc. VAPE – This stock has been appearing in our reports sporadically for several months, and yesterday we re-mentioned it just in the nick of time to allow ourselves to catch intraday gains of up to 98% as it surged from .0045 to .0089. It marked a single-session gain of 98% and was by far the most impressive play of the day.

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CTI BioPharma Corp. CTIC – We’ve been hot on the trail of CTIC since releasing our morning report last Wednesday, and yesterday the stock continued to push its upper limits as it has done each day since. On the morning of our initial alert we observed a low of .45 in CTIC, and as of yesterday’s high of .71 had seen a solid increase of 60% in a span of just four sessions.

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Arcis Resources Corp. ARCS – Despite falling to new daily lows over the course of the afternoon, ARCS did provide an opportunity for quick-witted traders right at the outset of the session. The stock rapidly ran from .0026-.0057, representing a shot at up to 119% in gains before the bottom fell out. The stock closed at its low of .002, so we may want to scan for the possibility of an upcoming bottom-bounce.

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Added Note: Seeing healthy activity out of VAPE and ARCS, both cannabis-related stocks, reminds us of another play in the space that has made some big moves for us in the past and has just started to come up off of a bottom. That’s why we’ll also be watching GreenGro Technologfies, Inc. GRNH in sessions to come.

 New Options Ideas

We want to signal a set of options ideas for each of the following retailers in the wake of earnings beats this morning. We’ll be tracking these calls for potential intraday/intraweek trade opportunities:

Macy’s, Inc. M – Macy’s earnings and guidance are engendering investor confidence in the firm’s ability to streamline its business in 2016, and adapt to the changing marketplace. The resultant chart activity has us interested in tracking M Weekly $41.50-45 Calls.

The Home Depot, Inc. HD – In this case, our target range is going to be the HD Weekly $125-129 Calls.   Home Depot issued its report citing record earnings, and restated its plans to move forward with an $11B share repurchase program to be transacted by the end of fiscal 2017.

Extended Watchlist:
AEYE, CRTC, IORG, EZRT, EGYF, ESSI,