Month: March 2016

Blue Horseshoe Stocks: Fresh Options Ideas & More

Fresh Options Ideas

We’ve formulated a few new angles of approach with respect to options ideas that we’re going to share this morning, each with its own specific reason for appearing attractive at the present time.

United Parcel Service, Inc. UPS

We’re going to be taking a look at a range of medium-term UPS contracts, namely the April 8th $104 Calls, which we feel have a good chance at performing well in coming weeks on account of a number of factors.

The shipping sector as a whole is currently doing well due to boosted online sales, as top competitor FedEx’s reported earnings yesterday certainly reflected. We also like the look of the UPS chart from a technical perspective, as the following annotations demonstrate:

We also learned this week that the company is going to be increasing the size of its CNG (compressed natural gas) powered fleet, including an infrastructure build-out of several new CNG stations to support it. (>> VIEW PR)

SeaWorld Entertainment, Inc. SEAS

We also are going to be monitoring a range of Seaworld options, once again due to a fresh news release, as well as an attractive chart setup. As you can see on the provided snapshot, SEAS is showing a multiple bottom formation, and if it can continue to rebound off of its recent relative lows, appears to have a shot at a nice rebound over the next few weeks if history is any indicator.

We’re going to be watching the SEAS April 15th $18 Calls, which last traded at .16. If SEAS can rebound to the upper $19 range by that expiration date, the gains on these contracts could realistically approach ten-bagger territory.

SeaWorld, which has been under fire for years over their Killer Whale shows, has just announced that it will immediately cease its orca breeding programs, beginning a phase-out of the theatrical dog-and-pony-style performances and shift toward more natural displays. (>>View PR)

_____

Bonus Idea:

Watch PBR 5.00 an 5.50 Weekly Calls for potential day/swing trade opportunities)

Extended Watchlist:
MLCG, SRCO, SDOC, SIPC, CLF, KEG

Blue Horseshoe Stocks: Bottom Watchlist, Options Idea & More

Cannabis Sativa, Inc. CBDS

CBDS was part of our cannabis stock watchlist yesterday, and even as the majority of the sector was seen to be fading, CBDS bucked the trend and produced an excellent intraday opportunity.

We watched as the stock took off like a rocket right at the opening bell from a low of 1.26, and didn’t stop until hitting its 2.45 high-of-day shortly before 11’clock. That works out to a 94% swing and it came on immense volume, to the tune of 23X the 3-month average.

Cheers go out to any of our readers who caught a piece of the action on CBDS, which was the first in a trio of selections from yesterday’s premarket report to produce respectable intraday performances.

Cardinal Resources, Inc. CDNL

Next in line was CDNL, which is a stock that we’ve referenced in our reports on numerous occasions over the past several months. This subpenny runner turned in an intraday rip of 77% as it ran from .0047-.0083 on a little more than twice the average trading volume, and managed to hold the majority of its daily advance into the close at .0074.

It marked the second consecutive big day for the stock trending off of its lowest prices in roughly six months, so we’ll certainly want to continue tracking its activity, watching for it to record higher highs and higher lows in coming sessions.

Celator Pharmaceuticals, Inc. CPXX

We caught CPXX yesterday on the heels of an attention-grabbing PR (link below) which hit wires post-market on Monday afternoon, relating to encouraging results from a late-stage clinical trial. Despite already being up close to 300%, we still felt it warranted a tag in our watchlist, and we weren’t disappointed.

As is often the case in such circumstances, we saw a dip-and-rip unfold early, after which time the stock ran from a low of 6.44 to 9.10, for a solid 41% swing on absolutely massive volume.

Bottom-Watchlist

We’re going to designate the following stocks as bottom-watch plays and reserve a spot on our watchlist for each of them over the next several sessions:

Pernix Therapeutics Holdings, Inc.  PTX
Sunesis Pharmaceuticals, Inc  SNSS
Peak Resorts, Inc.  SKIS
Quantum Fuel Systems Technologies Worldwide Inc.  QTWW

Chipotle Mexican Grill, Inc. CMG –  Options Idea

We want to throw in a quick options idea this morning as well, and it’s going to come in the form of a short. Specifically, we’re going to be looking at the CMG Weekly $485-475 Puts.

Extended Watchlist:
VPRO, UPL, PSG, SIPC, LEAS, POTG

Blue Horseshoe Stocks: GWPH, GRNH Updates & More


GW Pharmaceuticals, Inc. GWPH

Yesterday morning, we suggested our readers pay attention to the activity in GWPH, which had just published a blockbuster PR regarding top-line success in a late-stage trial of a cannabis-derived treatment (>>View PR).

The breakthrough nature of the study caught many people’s eyes, and throughout the course of the day’s news cycle, the story got significant national attention from multiple media outlets.

As we’d mentioned in our premarket report yesterday, we were going to do some cherry-picking, waiting for the gap-up to lead to an early dip (which it did), and then track in-the-money calls. To give an idea of the sort of scenario that was possible, the GWPH $75 Calls ran from 7.70-16.70 (+116%)

We’ll continue monitoring in-the-money calls in the $75-85 range, and if GWPH appears to want to break $90, consider rolling our strike price up to that level.

GreenGro Technologies, Inc. GRNH

The national attention cast upon GW Pharma also brought some nice activity into other cannabis-related plays, and GRNH was one of them. We’ve got an established history of tracking this stock that stretches back for years. A search of our archive shows that this morning marks the 35th occasion on which we’ve mentioned the stock.

The most recent of those mentions came this past Wednesday, when we tagged it in our morning watchlist, after which time we observed a low of .02.

Yesterday, the stock rode the wave of attention for the sector to an impressive 62% rip as it ran from .0215-.0349. It also marked a total swing of 74% over the low we witnessed last week.

Added Note: We prepared a list of some other marijuana stocks to monitor more closely in the light of heightened investor awareness of the sector:  CANV, CBDS, CANN, CNBX

Extended Watchlist:
VPRO, CDNL, LEAS, EEGC, VLDI, CPXX(FDA News)