Blue Horseshoe Stocks: BIg Day for WB & More

Weibo Corp. WB – Options Recap

We decided to track WB on the heels of its earnings beat yesterday and formulated a range of call contracts that we thought would see some nice activity as a result. Post-earnings options ideas are among our favorite types of plays, and WB serves as another example of why we’re always coming back to that well.

We signaled the WB Weekly $67.50-70 Calls, and with the exception of the $68.50′s and $69′s which didn’t trade a lot of volume, we saw some killer single-session moves from the other four contracts in our highlighted range:

$67.50 Calls – Range: .70-10.78 – Max Gain: 1440%
$68 Calls – Range: 4.40-10.80 – Max Gain: 145%
$69.50 Calls – Range: 1.50-7.80 – Max Gain: 420%
$70 Calls – Range: 1.30-8.90 – Max Gain: 584%
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Target Corp. TGT – Fresh Idea

Weibo was our fresh idea for yesterday, and today we’ve got another set of ideas to enter into the mix today with TGT.

Based purely on the look of the chart, this morning’s earnings notwithstanding, we’re attracted to the massive gap to fill to the upside, part of which has begun to fill as TGT is gapping up in the premarket.

We’re interested to follow progress on a range of both short and longer-term ideas, namely the TGT Weekly $57-59 Calls, as well as the TGT 06/23 $60-62 Calls. .


xG Technology , Inc. XGTI

We tagged XGTI for observation yesterday morning, and the stock did make a modest move of 24%, trading up from a low of 1.72 to 2.14 on the day.

While not an eye-popping move in and of itself, it did occur on massive volume, on the order of roughly 70X the 30-day average, and this morning in the premarket the stock has hit a new high of 2.19. We’ll definitely be on the lookout for a continuation of the momentum that is built up in this stock.


Extended Watchlist:
BVTK, CBIO, GNC, CETX, SNDX, TENX, TDW,

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Blue Horseshoe Stocks: SNAP Review, New Ideas

Snap, Inc. SNAP – Options Update

We correctly called the bounce on SNAP in our premarket report on Friday and signaled a couple of contracts for observation, the SNAP 6/16 $18 & 19 Calls.

After those made intraday moves of 69% and 93% respectively to close out the week, we rehashed them in yesterday’s report along with mentioning that rolling up to the $20-level was something to consider, given the activity we were observing.

Not only did the $18′s and $19′s extend their gains, but the $20′s got in on the fun as well:

06/16 $18 Calls – Intraday Range: 2.00-3.10 (+55%) – 2-Day Swing: 163%
06/16 $19 Calls – Intraday Range: 1.38-2.34 (+70%)  – 2-Day Swing: 212%
06/16 $20 Calls - Intraday Range: .85-1.65 – Max Gain: 94%

With SNAP gapping up in the premarket once again, we expect to see these ranges extended even further today. Cheers to anyone who grabbed a piece of the action!

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Weibo Corp. WB – Fresh Idea

To try to continue along with our options success, we’re looking at the Chinese social media network Weibo and its earnings beat this morning.

The stock has already been breaking out and it appears as if today’s earnings figures could propel it to even more gains over the short term, so we’re going to be looking at the WB Weekly $67.50-70 Calls.


Lithium Exploration Group, Inc. LEXG

It was only yesterday morning in our premarket report that we were encouraging our readers to get involved with our daily in-session trader’s chatroom*. Sure enough, more proof of why we periodically remind our subscribers of these daily Skype chats came to us in the form of LEXG.

As you can see from the screen snap below, it was just after 10am when we alerted our members to movement in the stock, and it subsequently ran from .0009 to .002, which represents an intraday rip of 122%

We always find winners to put here in our premarket reports, but to catch even more opportunities on the fly as they come up after the open, our trader’s chats are the way to go.

*Do you subscribe to our mailing list? If so, you’re eligible to participate and/or observe our daily trader’s chats via Skype. Simply send a contact request to username ‘stocksumo’ and we’ll take care of the rest.


Extended Watchlist:
CADC, EKSO, SGMO, TEUM, PGPM, XGTI,

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