Blue Horseshoe Stocks: ENPH Review & More

Enphase Energy, Inc. ENPH – Review

We have been exceedingly pleased with the recent performance of ENPH, which, despite recent volatility in the markets at large, has been on an incredible bull run for several weeks. We alerted our readers to ENPH’s momentum on the last day of February, and in the two trading weeks since then, the stock has barely skipped a beat.

From a low of 3.07 on the morning of our initial alert, we’ve seen ENPH steadily rise, leading to a new high of 4.74 on Friday. That works out to a very solid run of 54% In the last week especially , the stock showed little sign of slowing down, so we’ll be interested to see where its fortunes take it this week.

Walmart, Inc. WMT – Options Review

We’ve been tracking a wide range of extended-term WMT Calls since the middle of last week, the WMT 04/20 $95-97.50 Calls. We wanted to provide a quick update on the moves we had witnessed by the end of the week.

At the bottom of the range, the $95 Calls ran from .25 to .51 for a gain of 104%  At the top, we saw the $97.50′s rise from .11 to .24, a 118% rip. The four sets of contracts in between those two also produced opportunities at commensurate profits. With plenty of time prior to expiration, we’ll leave these contracts on our radar and continue to monitor them as we kick off a fresh trading week.

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Blue Horseshoe Stocks: ECYT Recap & More

Endocyte, Inc. ECYT

Our first order of business this morning is to review the recent performance of ECYT, which we initially slated for observation in our report on February 28th. At the time, the stock had been slowly gaining momentum for much of February, and it looked ripe for a more pronounced breakout.

That day, as the stock was trading for as little as 4.51, we witnessed an explosion in volume that has precipitated a very impressive run, persisting for over two weeks up to the present time. Yesterday’s session brought a new high of 11.54 in ECYT, which marks an upswing of 156% in a relatively short time frame.

Valeant Pharma International, Inc. VRX

On Monday morning, we came up with some options ideas for VRX, which we noted was “ready for a bottom bounce”. We also made reference to a huge Form-4 buy of $108.8M came in as well, which led us to postulate that “for now the stock has gone as low as it’s going to go.”

We couldn’t have been any more spot-on in our assessment of VRX, and the result has been a solid performance for the short-term calls we put on watch, the VRX Weekly $15 & $15.50 Calls. The $15′s ran from .65-1.15 for a gain of 77%, while the $15.50′s moved from a low of .30 to .71, an increase of 137%

We had some longer-term ideas as well which we will likely come back to in an upcoming report, as it appears VRX will continue to head up. On that note, we’ll also look to roll up our strike prices on the weekly calls to the $16 & $16.50′s.


Fresh Options Idea:

Walmart, Inc. WMT 04/20 $95-97.50 Calls

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Blue Horseshoe Stocks: RXMD Recap & More

Progressive Care, Inc. RXMD

It was just yesterday morning that we were patting ourselves on the back for our February 22nd alert on RXMD, which gave us and our readers a chance at getting into this one as low as .0663.

The stock continued on to see an increase of just under 100% as of yesterday’s premarket report, and then trading activity during the session allowed the stock to cross that double-bagger threshold.

To open up the week,RXMD traded from .1171 up to a new high of .165, marking an intraday rip of 41% and an overall increase of 149% over our initially observed low.

Options Ideas

We also have a trio of stocks that have recently reversed off of their relative bottoms, and could be in line for a more sustained recovery. We’re going to want to track a few ideas for extended term options plays in Walmart, GM, and Disney.

WMT 04/06 $95-97 Calls
GM 04/06 $39-40.50 Calls
DIS 04/06 $105-107 Calls

We’ll also track a few SPY calls, the 03/07 $272-273.50 Calls, as the markets have been ripping, and may very well continue to do so.

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Blue Horseshoe Stocks: Options Review & More

Walmart, Inc. WMT

At the top of our report yesterday was an idea we formulated for the WMT options chain, the WMT 03/16 $90-93 Calls. WMT stock had been under pressure in the previous two sessions, and we got the start of the rebound we were looking for.

We’ll want to see that trend confirmed today with the registering of higher highs and higher lows, but as it stands, here are the gains that our idea yielded on the first day.

$90 Calls – Range: 2.70-3.90 – Max Gain: 44%
$91 Calls – Range: 2.30-3.20 – Max Gain: 39%
$92 Calls – Range: 1.78-2.56 – Max Gain: 44%
$92.50 Calls – Range: 1.62-2.26 – Max Gain: 40%
$93 Calls – Range:1.39-2.00 – Max Gain: 43%

Avis Budget Group, Inc. CAR

We also said we were going to look for opportunities in the CAR 03/16 $42-44 Calls yesterday morning, and those got off to a good start as well. After gapping up considerably, the stock continued to run, facilitating the following intraday moves on our first day of observation.

$42 Calls – Range: 2.80-3.90 – Max Gain: 39%
$43 Calls – Range: 2,21-3.11 – Max Gain: 41%
$44 Calls – Range: 1.70-2.60 – Max Gain: 53%

Based on the premarket activity we’re observing this morning, we’d expect CAR to extend its gains, and see further increases in these contracts.

Progressive Care, Inc. RXMD

We also had RXMD in yesterday’s premarket report via our Extended Watchlist, and saw some good first day activity there as well. It caught our eye because of the huge run it had already previously been building up. We thought we could ride the wave, and it worked out nicely.

The stock traded up from a low of .0663, and went as high as .086, for a move of 30% on the day, and being in blue skies at the moment, there’s no telling when this ride will let up.

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Blue Horseshoe Stocks: WMT Calls & More

Walmart, Inc. WMT

After a period of a couple of trading sessions where WMT has taken considerable abuse on the chart. After appearing to be gearing up to make an impressive run, the stock gapped down considerably on Tuesday and the backslide persisted through yesterday.

This major selloff has brought the stock down to its lowest PPS since November, and had us thinking about a range of calls to slate for observation in the days and weeks ahead. We’re going to signal the WMT 03/16 $90-93 Calls, which should be in line for some solid activity if Walmart mounts the recovery that, at this point, looks very possible.

Hertz Global Holdings, Inc. HTZ

We would like to put HTZ on watch as a possible bounce play this morning. As you can see on the included chart snapshot, the stock is giving off a strong double-bottom signal, and just fell below its 200DMA yesterday.

We’re going to monitor the activity here closely, because as you can see, there is a considerable amount of room to run to the upside, and the stock has been approaching heavily oversold territory.


Avis Budget Group, Inc. CAR

While we’re on the subject of car rental agencies, our eye has also been caught by Avis, whose stock just came down to an area of trendline support, and also posted a Q4 earnings beat.

We’re going to look for opportunities in the CAR 03/16 $42-44 Calls in coming sessions.

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