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Blue Horseshoe Stocks: PIRS, Options Recaps & More

Pieris Pharmaceuticals, Inc. PIRS

We tagged PIRS in yesterday morning’s premarket report via the extended watchlist after the company released some press regarding a strategic partnership with pharma giant AstraZeneca. That’s all many traders needed to hear, as an incredible amount of buying came in, with volume on the order of more than 206 times the 30-day average.

That massive momentum gave PIRS a steady push in a bullish direction, as the stock rose from a low of 3.0299 to a high of 3.97, a solid intraday climb of 31% We would be quite surprised if that was last of the bullish activity in PIRS after such a big announcement and subsequent massive accumulation of shares.

Weight Watchers International, Inc. WTW – Options Recap

Our fresh options idea for the day yesterday was to track the WTW Weekly $24-25 Calls after noticing elevated post-earnings (out Tuesday) activity. Oprah’s association with the company that began at the end of 2015 has had a lasting positive effect and led to increased revenues and a heightened outlook for the remainder of the fiscal year.

Were looking for these things to drive some movement in the contracts we were looking at, and that’s just what happened early on in the session. Any of the three sets of contracts within our highlighted range would have given traders the opportunity to bank multi-bag profits right from the opening bell. The following gains were up for grabs in the first 45 minutes of the session.

$24 Calls – Range: .52-1.33 – Max Gain: 156%
$24.50 Calls – Range: .40-.81 – Max Gain: 102%
$25 Calls – Range: .32-.65 – Max Gain: 103%

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DISH Network Corp. DISH – Options Recap

Our bearish options idea from Monday morning’s premarket report was to monitor the DISH 05/12 $62-60 Puts after noticing that not only did DISH have a disappointing earnings release, but that the chart was also looking top-heavy prior to that.

Our idea has worked out exceedingly well, whether traders took our suggestion to go with the contracts expiring next week as we listed, or simply went with the weeklies, which also made massive moves. Here are the potential gains that were up for grabs on our listed contracts:

$62 Puts – Range: .40-1.48 – Max Gain: 270%
$61.50 Puts – Range: .40-.91 – Max Gain: 127%
$61 Puts – Range: .21-.50 – Max Gain: 138%
$60.50 Puts – Range: .26-.43 – Max Gain: 65%
$60 Puts – Range: .10-.50 – Max Gain: 400%

First NBC Bank Holding Co. FNBC

Monday, on FNBC we commented that “we’ll have to monitor this one for its bottom, but after it’s reached we could in in for a heck of a bounce”. That bottom came the very next day at .0932 and yesterday, the big bounce we were mentioning came to pass as FNBC rushed to a high of .35.

That works out to a fantastic two-day swing of 276% and with the stock gapping up slightly in the premarket today, we could see an extension of those gains.

Extended Watchlist:
APHD, MNKD, APTO, APHB, RNVA, SCON

Blue Horseshoe Stocks: BLDV Review & More

Blue Diamond Ventures, Inc. BLDV

One among the many great calls to come out of our daily live trader’s chats* recently, BLDV came into view for us on Thursday April 20th, as the stock was mentioned in the room and subsequently went on a big run from .0005-.0017 (+240%).

We brought it up in our premarket report the following day, and the run continued from .0016-.0029 (+81%). After that a slight pullback occurred over the next session, but since then the stock has been on the rise again, and this week has brought new highs.

Yesterday, after appearing in our morning report once again, BLDV went on another tear and reached a new high for us. The stock made a 42% intraday push from .0036 and hit .0051. From our observed low of just nine sessions earlier, the stock has increased by an incredible 920%

Even those who missed the initial chatroom call and only caught BLDV in our premarket report on Friday the 21st at its low of .0016 that day, still had a chance at up to 219% in gains. The stock had a pretty strong close on high volume, so we’ll continue to monitor its progress even though it has already served us so well.

*Finding opportunities in the premarket is a big part of what we do every single trading day, but sometimes the real movers don’t reveal themselves until regular market hours commence. That’s where the chatroom comes in, giving ourselves and our participants the chance to spot and share the big movers as they crop up. Send a Skype contact request to ‘stocksumo‘ to get involved with our trader’s chats!

Balmoral Resources, Ltd. BALMF

After noticing the company released what it referred to as “high grade gold results from its Detour Gold Trend Project in Quebec” in a fresh PR this morning (>>View PR) we also took a look at the BALMF chart and saw that the stock itself has been working its way down to a bottom recently and is approaching heavily oversold territory.

Indications are that it could see slightly lower prices before making a rebound, so we’ll just want to ensure that it holds at or above December’s swing low of .46 on any further pullbacks. If it does, we’ll be very interested to track BALMF, especially given the fact that they’re officially ‘on the gold’ at their Quebec property.

Weight Watchers International, Inc. WTW – Options Idea

Weight Watchers has been breaking into blue skies, with an incredible bullish move that has lasted for the better part of six weeks. Heavy activity in this morning’s premarket leads us to think that despite already being up so high, WTW’s good fortunes could continues for awhile longer.

We’ll have an eye on the WTW Weekly $24-25 Calls on the chance that our hunch in correct.

Extended Watchlist:
PHMD, BLRX, PIRS, ESES, APOP

Blue Horseshoe Stocks: BAC Options Recap & More

Bank of America Corp. BAC – Fresh Options Idea

We went bullish on BAC yesterday, confident that a rebound after Brexit-related losses could propel a set of options contracts to some sizable intraday gains. We were right on in our assessment, and after both an early morning rip, followed by a pullback and run-up into the close, were presented with multiple quick-strike opportunities.

Each of the two sets of calls we signaled, the BAC Weekly $12.50 and $13 Calls, ultimately provided us with two solid chances each:

$12.50 Calls – 1st Run: .22-.32 (+45%) – 2nd Run: .20-.37 (+85%)
$13 Calls – 1st Run: .08-11 (+37%) – 2nd Run: .05-.12 (+140%)

BAC is gapping up once again [currently trading in the 12.90-range] in the premarket, so it would appear our observed contracts are in line for a chance at another productive session. To reiterate our statement from yesterday’s report, if BAC looks as if it will breach the 13.50-mark, we’ll be looking to roll up our strike price to that level.

Petroleo Brasiliero S.A. (Petrobras) PBR – Options Recap

We recently signaled some longer-term calls in the PBR options chain, and just wanted to take an opportunity to update our readers on the potential gains that have been made possible there.

This past Friday, we signaled the PBR 07/15 $6.50 and $7 Calls and have been pleased with the subsequent activity. Monday’s dip provided an excellent buy opportunity as the $6.50’s traded as low as .30 and the $7’s traded as low as .15. Yesterday, we observed the $6.50’s close at .50, and the $7’s close at .27. That worked out to intraweek gain opportunities of 66% and 80%, respectively.

We’ll want to keep these on our radar, with two weeks yet remaining until their expiration date.

Fresh Options Ideas:

We’re already options-heavy this morning, so we figured why not formulate a couple more ideas to add to our pool of interests:

The Markets are gapping up big again today, and if today’s activity is at all like yesterday’s dip-and-rip scenario, we will want to pay close attention to the SPY Weekly $204-206 Calls. We’ll also be tracking the NKE Weekly $52-54 Calls on the heels of Nike’s post-market earnings beat yesterday.

Extended Watchlist:
USLV, TEF, ORIG, WTW, CPST, WATT