Blue Horseshoe Stocks: RARX Review & More

Ra Pharmaceuticals. Inc. RARX

It was the morning of December 12th that we most recently highlighted RARX, and it is one stock that has weathered the ups and downs of the past few weeks quite well. In fact, subsequent to that report, we’ve observed a run from a low of 15.23, up as high as 22.15. That amounts to a run of 45% which is highly respectable for a $15+ stock over a short time span.

That high also represented a new 52-week high for the stock, which is especially impressive when you consider that most stocks out there are just now coming off of recently established annual lows. We’ll be highly interested to see if RARX can continue to push its upper limits.

For what it’s worth, our first-ever mention of RARX came last February, when it was trading at less than $6/share.


Petroleo Brasileiro SA (Petrobras) PBR

We’ve got a long history with PBR options that stretches back years, as you can see in our PBR Archive. Like a lot of other stocks we’re seeing, PBR is coming off of recent relative lows, and has gained a quick boost from the loosening pressure on the markets over the past week.

PBR has breached its 50-day moving average in the premarket, and we want to line up a pair of quick-strike options trading possibilities to correspond with this volatile activity. We’ll be watching the PBR Weekly $14 & 14.50 Calls.


Extended Watchlist:
ICON, SBS, MYSZ, NVCN, APDN, BTAI, VLRX, IMMR

Blue Horseshoe Stocks: Bottom Watch Plays

Inspired Entertainment Inc. INSE

The markets had a really rough go of things on Friday which caused problems for many, if not most, stocks. INSE was among those few that managed to buck the trend, as the stock continued to exhibit bottom-bounce characteristics. That’s why we wanted to place INSE on recovery watch, just on the heels of its quarterly report.

The overseas virtual sports gaming company relayed considerable revenue growth for the period, while outlining its intent to penetrate further into the North American markets. INSE is going to be an interesting play to watch into the New Year, as it already received positive feedback from a trial run with the Pennsylvania lottery.


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InSys Therapeutics, Inc. INSY

Speaking of bottom plays, the similarly-designated INSY also just caught our eye this morning with an attractive bottom-play setup in the works.

As you can see from the included snapshot of this one, the stock is quite oversold, and has established a fairly solid level of support from which a considerable rebound may be possible.


Extended Watchlist:
SGSI, QCOM, XPER, VLRX, CLDX, LEVP, APHA, NTRI

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Blue Horseshoe Stock: Tech Options Plays

TECH OPTIONS

We’re seeing a bit of a rebound in the markets this morning after they once again got crushed yesterday. Partially due to a better-than-expected economic report on Durable Orders, we’ll look for the highest profile companies with fresh earnings out that appear set to move this morning.

TSLA and MSFT both dropped their reports in after-market hours yesterday, and look to be our most promising potential targets today.

The tech sector as a whole was among the hardest hit in the recent spate of losses for domestic stocks, with many, if not most of its players being beaten back to unsustainably low levels, so the timing is actually quite good for some solid movement off of these earnings reports.

We expect a market recovery to provide us with plenty of chances to take advantage of all of these underpriced stocks as they rebound in the days and weeks ahead.

TSLA Weekly $310-317.50 Calls
MSFT Weekly $104-107 Calls


Extended Watchlist: 
HSGX, VLRX, NOG, ALT, ENBL, HLT, BILI, NXTD, XLNX

Blue Horseshoe Stocks: TGT Review & More


Target Corp. TGT

For a fresh set of options ideas yesterday morning, we had signaled the TGT Weekly $87.50-89 Calls for observation after the company recorded its best quarterly figures in a decade.

Despite posting a red candle on the day, the early activity in the stock was sufficient to provide our selected options contracts with the juice to make some respectable intraday rips.

$87.50 Calls – Range: .70-1.50 – Max Gain: 114%
$88 Calls – Range: .55-1.22 – Max Gain: 122%
$88.50 Calls – Range: .43-.95 – Max Gain: 121%
$89 Calls – Range: .14-.40 – Max Gain: 186%

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FRESH IDEAS:

We’ll continue to stick with big name earnings plays as long as they’re on the table. Earnings related options trading has become our bread and butter, and for good reason. As TGT proved yesterday, we don’t even need for these stocks to close in the green to give us what we’re looking for- all we need is the right early morning activity.

Today we’ve got a pair of fresh ideas that also just reported earnings. We’re going to be monitoring the Alibaba Group Holding Ltd. BABA Weekly $180-185 Calls, and the Williams-Sonoma, Inc. WSM 09/21 $67.50 & $70 Calls.


Extended Watchlist:
LX, SNPS, NEWA, SNPS, VLRX

Blue Horseshoe Stocks: AAP Recap & More

Advance Auto Parts, Inc. AAP

One of yesterday’s two options ideas that we offered up to our readers, AAP’s daily performance was the most pronounced. The machinations of the stock allowed for notable intraday gain opportunities, on the heels of the company’s Q2 earnings call. Those gains were as follows:

$145 Calls – Range: 8.92-14.55 – Max Gain:  62%
$150 Calls – Range: 4.80-9.67 – Max Gain: 40%
$155 Calls – Range: 2.50-5.40 – Max Gain: 51%

We’ve also caught word of a large share repurchase, so despite the fact that AAP is already in blue skies, we’ll continue to monitor these ideas.



The Home Depot, Inc. HD

The other fresh idea from yesterday’s report were the HD Weekly $195 & 197.50 Calls, and those also managed to produce significant chances for profits on the day.

The $195′s traded in a range from .81-2.46, a gain of 204% while the $187.50′s ran from .39-1.28. That was good for intraday gains of 228%



Energen Corp. EGN

Another longer-term set of ideas we recently offered up, the EGN 09/21 $75 & 77.50 Calls, have also begun to produce results. The $75 Calls gone from  1.10-1.95 (+77%), and the $77.50′straded from .90-1.10 (+22%).

While those are merely marginal moves, the stock is gearing up for another bullish session, gapping up significantly here in the premarket. We expect to see the ranges on these calls extended by a significant margin today.


FRESH OPTIONS IDEAS:
Constellation Brands, Inc. STZ 
just purchased an additional $4B stake in Canopy Growth Corp. CGC,putting the beverage manufacturer effectively into the cannabis business. We will signal some calls here in both cases.For STZ, the 09/14 $220 & 222.50 Calls, and for the Canopy chain- the CGC 09/21 $30-40 Calls.


Extended Watchlist:
VLRX, GST, SXE, IDRA, STAF, NEPT