Blue Horseshoe Stocks: FL Earnings & More

Foot Locker, Inc. FL

The markets took a beating yesterday, and we appear to be headed for another generally bearish session. On a normal day, we’d look for post-earnings plays that had a beat and were gapping up in the premarket. Today, we were looking for an earnings miss and a stock on its way down, and FL fits the mold.

The company’s Q4 earnings disappointed on sales and guidance and it appears that, coupled with current market conditions, a play on some puts may yield quick strike opportunities today. We’re going to zero in on the FL 03/16 $45-41 Puts.

iPath S&P 500 VIX ST Futures (ETN) VXX

As we said, another turbulent day for the markets could be headed our way to finish out the week, so we’re going to want to keep mostly to the bearish side of the street.

Much as the SPY trades with the market, the VXX trades inversely to it. Instead of SPY puts, we’ll go with VXX calls today for another possible quick strike options idea. We’re looking at the VXX Weekly $47-49 Calls.

*Trading weekly options on a Friday should never be attempted unless you are an expert level trader with disposable funds.

Extended Watchlist:

Blue Horseshoe Stocks: VXX Calls & More

Under Armour, Inc. UAA

Our targeted contracts for the UAA options chain worked out fairly well yesterday. We signaled the UAA Weekly $15.50-16.50 Calls. As the stock gapped up and ran over $17, it facilitated the following respectable gain opportunities:

$15.50 Calls – Range: .70-1.60 – Max Gain: 128%
$16 Calls – Range: .57-1.25 – Max Gain: 119%
$16.50 Calls – Range: .35-.85 – Max Gain: 143%

We’ll look for UAA to re-test its 200DMA as it did yesterday to potentially bring further chances, but as it stands, our ideas worked out very well for a single-session play yesterday, so we’re pleased with our calls either way.

iPath S&P 500 VIX ST Futures ETN (VXX) – More Options Ideas

There’s been quite a bit of turbulence in the markets as a whole recently, and this morning it appears as if we could be headed for another down day. If that is indeed the case, we’re going to set ourselves up with a new idea that could produce immediately.

The VXX trades inversely to the markets, so a backslide could effect significant chances to profit through the options chain. We’re going to put a tag on the VXX Weekly $46-50 Calls We’re going to want to look at the SPY as an indicator, and if it falls below 262.62, we’ll be actively tracking these VXX Calls.

Extended Watchlist:

Blue Horseshoe Stocks: Bottom Play, Options & More

Biocept, Inc. BIOC

We took notice of BIOC on our routine morning scan today as a possible bottom play, as the stock tumbled to 8-month lows on Friday.  At the same time, the company released a PR this morning pertaining to the signing of a potentially lucrative, worldwide distribution agreement, a snippet of which we’ve included below.

We think it makes for an interesting confluence of events, and that’s why we’re going to be tracking BIOC closely as we kick off a fresh trading week.

SAN DIEGO, Aug. 14, 2017 /PRNewswire/ – Biocept, Inc. (NASDAQ: BIOC), a leading commercial provider of liquid biopsy tests designed to provide physicians with clinically actionable information to improve the outcomes of cancer patients, announces that it has signed an exclusive global Distribution Agreement excluding China, for the Company’s proprietary blood collection tubes (BCTs) with VWR International, LLC (>>View Full PR)

National and International Events Affecting Markets

There was a fair bit of hysteria going out over the newsreels last week over a potential nuclear conflict between North Korea and the US, and it led to a tough week for stocks in general. Whether this week plays out as a bear or a bull remains to be seen, but we’ll want to have options ideas lined up for either eventuality.

This morning, we’ve seen some signs of an abatement of those fears as stocks around the globe have perked up, and in the event that a rebound for domestic stocks is also in the cards for this week, we’ll want to signal the range of SPDR S&P 500 ETF Trust (SPY) Weekly $244.50-246 Calls for observation.

However if other outside factors, such as the civil unrest and domestic terrorism that unfolded in Virginia over the weekend serves to hurt US markets further, we may find ourselves more interested in tracking the iPath S&P 500 VIX ST Futures ETN (VXX) Weekly $12 and 12.50 Calls.

Extended Watchlist:

Blue Horseshoe Stocks: LOGG, PHOT Reviews & Much More

LifeLogger Technologies Corp. LOGG

We’ve been tracking LOGG since bringing it to light in a report last week and even though it made some decent gains leading up to yesterday, that’s when the stock really kicked things into high gear.

LOGG exploded from an early low of .0995 and continuously pushed to new highs throughout the course of the day, reaching its high of .19 just prior to the close, for an excellent chance at intraday gains of up to 91% The stock also traded better than six times its monthly average volume, so we’ll want to closely monitor its activity early on today for its dip-and-rip potential.

Growlife, Inc. PHOT

PHOT had been bouncing around in a rough channel between the .012 and two-cent levels since we last tagged the stock for observation earlier this month. Right from the outset yesterday the stock’s bullish activity raised the alarms, with the announcement that PHOT would be relisting on the Bulletin Board as well as pursuing an uplisting to the OTCQX. (>>View PR)

The result of the wave of positive attention the PR garnered was a massive intraday run to the tune of 375% (.012-.057) that will keep us on alert as we close out the week for the possibility of a brief consolidation followed up by a potential bounceplay.

Cell Therapeutics, Inc. CTIC

We’ve been tracking CTIC recently, and in addition to stringing together higher highs and higher lows in each of the past four sessions wherein it has roughly doubled in price, the stock appears to be gearing up to fill a rather sizable gap on its chart, which we’ve pointed out below.

Long-Term Watchlist

PCS Edventures!.com, Inc. PCSV

We like the future potential of the space PCSV has just entered into with its acquisition of a racing drone company. (PR Below) We’ll be placing PCSV on our longer-term radars as a result of this announcement.

While drone racing is a relatively new ‘sport’ that is still in its infancy, big plans for a national drone racing league have been backed financially by billionaire Steve Ross, who is most commonly known as the owner of the Miami Dolphins. (>>View Article)

BOISE, Idaho, Feb. 18, 2016 /PRNewswire/ – PCS Edventures!.com, Inc., (PCSV) a leading provider of K-12 Science, Technology, Engineering and Mathematics (STEM) programs, today announced the completion of an asset purchase of Thrust UAV, a company focused on the fast-growing FPV drone racing market. (>>Full PR)

Elio Motors, Inc. ELIO

We want to place a longer-term watch on newly-trading ELIO as well. Many of our readers will have heard of this exciting startup that is undergoing plans to market a three-wheeled (pictured below) that boasts more than 80mpg fuel efficiency and a retail price tag of less than $7,000.

With Americans looking to economize any way they can these days, the industry disruption potential of a low-cost, high-efficiency personal transport stripped of unnecessary bells and whistles is intriguing to say the least. The backstory behind this one is irresistible (Visit to learn more), so we’ll be very interested to follow along in the early days of the stock’s trading to see how ELIO establishes its footing.

Bonus Options Ideas

We’ll be looking for possible daytrading opportunities with Weekly VXX $26-27.50 Calls, and Weekly SPY $193-190 Puts based on the current atmosphere in the markets.

*Pertaining to both of the preceding ideas, remember to always consider the inherent elevated risk associated with trading weekly options contracts on a Friday!

Extended Watchlist:

Blue Horseshoe Stocks: Options Review, Big Movers & More

Friday’s Options Ideas

Our closing thoughts in Friday’s premarket report were in regard to the activity we were seeing in the VXX. It was trending several percentage points above its 50DMA and we went ahead and signals our interest in tracking the VXX $20-22 Calls, with an accompanying idea of SPY $206-203 Puts.

For the second Friday in a row, the options chains of this ETN and ETF provided us with the chance to pull down huge single-session gains:

$20 Calls – Trading Range: 1.09-3.74  – Max Gain: 243%
$20.50 Calls – Trading Range: .75-3.20  – Max Gain: 327%
$21 Calls – Trading Range: .44-2.69 – Max Gain: 511%
$21.50 Calls – Trading Range: .11-.2.29 – Max Gain: 1981%
$22 Calls – Trading Range: .11-1.84 – Max Gain: 1572%

The SPY Puts also worked out, although the potential gains weren’t quite as dramatic. For example the $203.50 Puts ran from .54-1.99; a comparatively modest, yet still excellent intraday move of 268%

We did a quick video highlighting these and a few other great calls made last week:

Another Big Chatroom Play

As our regular readers are aware, we’ve been calling more attention to the daily live traders chats that we conduct on Skype (Send contact request to ‘stocksumo‘ to join in!) so folks have a chance to get in on some of the hot plays that get presented to the room. For the third time in the past few weeks, chatroom member ‘DJ’ produced a gem. The following snapshot from Thursday afternoon’s chat contains his signal to the group:

What happened subsequent to that on Friday morning was nothing short of jaw-dropping. RGDXQ simply exploded as it came out of the gate at a low of .0024 and soared an impressive 900% to the high-of-day at .024 early on in the session. That was followed by a few significant swings later on as well. Excellent work by DJ in giving us the early-warning on that one!

Our current trader’s chats are free and open to anyone for a limited time only, so get on Skype and send a contact request to ‘stocksumo‘ to join in!

HydroPhi Technologies Group, Inc. HPTG

We had HPTG tagged in Friday’s morning report as well, and despite a pullback early on in the session the stock did make a nice rebound. After dipping to .0032 it regained ground back to .0048, which amounts to a 50% swing. The close came just a couple of ticks below at .0046, so we’ll definitely leave this stock on our radars for the time being.

The PR that helped fuel Friday’s activity (link below) highlighted a pair of significant acquisitions made by HPTG, so we’ll also be interested to track that aspect of the story.

Extended Watchlist: