May 2016 - Blue Horseshoe Stocks

Blue Horseshoe Stocks: CPXX Buyout & More

Celator Pharmaceuticals, Inc. CPXX

Just under a couple of weeks ago, we chose to alert CPXX in our morning report from May 19th. The stock had been gaining significant ground in sessions prior to that, to the point we felt it warranted our attention.

It was a good thing we drew attention to it when we did, because what followed was a solid run-up from our observed low of 15.73 into the $18-range. This morning, our witnessed gains received yet another big boost, as a takeover has been announced that will see CPXX acquired by Jazz Pharmaceuticals for $1.5B, or, 30.25 a share.

As of this morning’s premarket high on CPXX, our observed PPS increase on the stock in a matter of just seven trading sessions has been extended to a very solid 95%

Jazz Pharmaceuticals And Celator Pharmaceuticals Announce Agreement For Jazz Pharmaceuticals To Acquire Celator For $30.25 Per Share (Tue 3:30AM EDT)

Lending Club Corp. LC

Speaking of extended gains from plays that we’ve been discussing recently, we also had LC put up a noteworthy performance on Friday that culminated in new highs for us since we began tracking the stock.

Just to refresh our readers’ memories, we called LC as a bottom-bounce candidate last Monday, at which time we observed a low of 4.19. Friday’s run carried it to a high of 5.10, marking an intraweek move of 22%

We’re going to want to continue to monitor its progress as the chart is still looking quite ripe for a continued uptrend. As you can see on the provided chart snapshot, we’ve got a steadily-strengthening RSI combined with a recent bullish MACD cross in addition to a significant gap on the chart that runs from the 5.50’s to the 6.70’s.

Cliffs Natural Resources, Inc. CLF

We’re also going to place a tag on CLF this morning. We like the recent activity and the look of the current chart. Like the aforementioned play, we’re faced with a number of bullish indicators that are urging us to keep CLF on our radars as we kick off a new trading week.

Extended Watchlist:
CATS, NHMD, SQI, GEVO, NERV, FRO

Blue Horseshoe Stocks: Options Roundup

Dollar Tree, Inc. DLTR – Options Update

Yesterday, apart from highlighting the many winning options plays that came out of Wednesday morning’s premarket report, we also brought up a new idea for the DLTR options chain. We signaled the DLTR Weekly $85 Calls.

Those $85 Calls were big movers, trading in a range from 1.90-4.66 on the day. That represented an intraday pop of 145% so cheers to any of those who may have taken advantage of that healthy run.

Big Lots, Inc. BIG

We’re looking to BIG this morning on the heels of an earnings beat and cash dividend annoucment. The stock is gapping considerably above the $50-level to new annual highs. We’re going to be looking at the BIG Weekly $47.50-52.50 Calls* for possible quick-hit trades today.

*Caution: We always like to remind our readers that trading options contracts with a weekly expiration on Friday is an inherently risky proposition. Please do not attempt to do so if you are not an advanced-level trader.

Relypsa, Inc. RLYP

We’re coming across RLYP at an interesting time today. The stock is gapping up this morning, oddly enough, on news that hit for a rival.The FDA refused approval to pharma giant AstraZeneca for its potassium-lowering drug, effectively leaving RLYP’s competing drug as the lone option in the marketplace.

We’ve formulated an options idea for this play as well. With no weeklies available, we’re going to be monitoring contracts within the range of the RLYP 06/03 $20-25 Calls.

Extended Watchlist:
NNRX, KGNX, NEIK, TBEV

Blue Horseshoe Stocks: Winning Options Calls & More

Yesterday’s Winning Options Ideas

We signaled our interest in a range of contracts from three separate options chains yesterday morning, and unsurprisingly, the potential for quick-strike single-session gains was present in all three.

Apple, Inc. AAPL – Our AAPL idea was definitely the most solid of the day, with our highlighted Weekly $98-99 Calls each making an appreciable intraday spike:

$98 Calls – Trading Range: .78-1.92 – Max Gain: 146%
$98.50 Calls – Trading Range: .55-1.51 – Max Gain: 175%
$99 Calls– Trading Range: .36-1.15 – Max Gain: 219%

The extended-term play we targeted also made a big move. The AAPL 07/17 $101 Calls traded in a range from .79-1.37, for a nice 73% rip. We’ll want to continue tracking this set of contracts in sessions to come, with plenty of time before their expiration.

_____

SPDR S&P 500 ETF Trust (SPY) – Next up were the SPY Weekly $208-210 Calls, which we were pretty sure would produce some decent action based purely on the overall market sentiment we were observing leading up to our submission of the idea. Our assumption proved to be spot-on, and we observed some excellent moves during the session:

$208 Calls – Trading Range: 1.13-1.97 – Max Gain: 74%
$208.50 Calls – Trading Range: .81-1.56 – Max Gain: 93%
$209 Calls– Trading Range: .55-1.19 – Max Gain: 116%
$209.50 Calls– Trading Range: .33-.86 – Max Gain: 161%
$210 Calls– Trading Range: .20-.60 – Max Gain: 200%

_____

Computer Sciences Corp. CSC – As a bonus idea we called attention to the CSC 06/17 $44-48 Calls and while a couple of the contracts contained in that range failed to trade any notable volume, respectable gains were still there for the taking in the other three:

$45 Calls– Trading Range: 3.20-5.05 – Max Gain: 58%
$47 Calls– Trading Range: 1.65-2.75 – Max Gain: 66%
$48 Calls– Trading Range: 1.25-3.48 – Max Gain: 178%

This is why we love options trading. Out of thirteen sets of contracts we slated for tracking, having eleven produce the opportunity for big gains, and seven of those produce chances at gains of more than 100% is a perfect illustration of why we have not focused solely upon stocks for years now.

_____

More Fresh Options Ideas: We’d like to follow up that recap with some new interests this morning, each with untraded-upon earnings beats to consider. We will be following the activity in Williams & Sonoma WSM Weekly $53-55 Calls as well as Dollar Tree, Inc DLTR Weekly $83-86 Calls.

Extended Watchlist:
ATLS, LOTE, SHLD, SYNC, ASX, RIXG, X

Blue Horseshoe Stocks: MXSG, ABRW Recaps, Options & More

Mexus Gold US MXSG

MXSG was the first of a pair of extended watchlist plays from yesterday’s morning report to produce an appreciable intraday move that could’ve been used for healthy single-session gains.

From its opening price of .045 the stock spent the entire morning on a steady uptrend that carried it to a high of .0699 shortly after 12pm. That was good for a daily profit of up to 55% We next observed a dip-and-rip pattern in afternoon trading wherein the stock came down to find support at .0481 before launching back to the closing PPS of .0615; an added swing of 28%

Those moves came on more than quadruple the 30-day average trading volume and with a strong close, we’ll be sure to leave MXSG on our track-list in coming sessions.

We actually called this play back on February 5th at which time the stock was trading at .0016. Yesterday’s high represented an unreal 3744% increase in roughly three-and-a-half months over that low!

American Brewing Co. Inc. ABRW

The other significant runner that showed itself yesterday was ABRW. This was one that was also good for a quick rip right from the opening bell.

We witnessed an immediate spike from .98 up to 1.51, which represents a rip of 54% While the stock did trade mostly sideways for the remainder of the session, it managed to close at 1.35, maintaining well over half of its daily advance. That qualifies this play for continued observation as well.

Fresh Options Ideas

For the first time this week, we’re going to submit a couple of fresh plays on the options trading front.

SPDR S&P 500 ETF Trust (SPY) – The SPY has been a go-to for us when we want a chance to leverage overall market sentiment to our advantage. With strong performance from the markets as a whole, as well as cracking its 50DMA yesterday for the first time in several sessions, our highlighted range here is going to be SPY Weekly $208-210 Calls.

Apple, Inc. AAPL – It has been quite some time since we formulated any options ideas for AAPL, but it is one that has produced winners for us on a multitude of occasions in the past. The stock has been rebounding and showing strength over the past couple of sessions. Couple that with, as we just said, an overall bullishness in the general tone of the markets at large, and it makes AAPL an attractive target for us today, and into the near future. We’re going to zero in on AAPL Weekly $98-99 Calls for possible quick-strike opportunities, as well as AAPL 07/17 $101 Calls for a more of an extended-term idea.

Bonus Idea: CSC 06/17 $44-48 Calls

Extended Watchlist:
TSPG, IORG, NVAX, HERO, NWY(Bottom-Watch)

Blue Horseshoe Stocks: BBEP Recap & Other Updates

Breitburn Energy Partners, Inc. BBEP – Another Update

After signaling BBEP in Thursday morning’s premarket report as a “Bankrupt Bottom-Bouncer” we witnessed a low of .055 followed by a 100% jump to a high of .11 on Friday.

As we were congratulating those who took advantage of the move in yesterday’s premarket report, we also mentioned that we’d remain interested in BBEP as long as it managed to maintain support above the .06-.065 range on any pullbacks. The stock achieved that feat right from the outset as it gapped up, opened at .078, and kept running.

We ultimately witnessed a trading range from that morning low of .078 up to a new high of .132. That represented an intraday upswing of 69% and a three-session swing of 140% over our observed low of .055 on Thurdsday.

We’ll continue to stay on the stock’s trail, watching for continued registering of higher lows and higher highs.

Terra Tech Corp. TRTC

When we began re-alerting and closely tracking an old favorite in TRTC toward the end of March, it was just coming off of a nice run-up that had followed a long period of mostly sideways trading. Subsequent to that point we ended up clocking this play over an impressive range as it ran from a low of .2162-.7455; a 245% upswing in a period of just under three weeks.

Following that mega-move, the stock began to see a good deal of consolidation over the next few weeks. That came to an abrupt halt yesterday as the stock bounced off of a higher swing low at .2698 and managed a nice 30% increase. Now trading in the low-to-mid .30’s, we’re going to watch intently in coming sessions for the possibility of a protracted rebound.

LendingClub Corp. LC

We took an interest in LC yesterday, alerting the stock as a potential bottom-bouncer in our morning report. It had been coming off of being egregiously oversold, and setting higher lows off of its 52-week lows for the preceding few sessions.

We ended up seeing a modest intraday run of 9% from 4.19-4.58, but most importantly, the stock registered higher lows and higher highs over the prior session, and we’ll keep tracking it for a continuation of that pattern We’ve pointed out on the chart below, a significant one-dollar gap that could be filled if the stock maintains the present trend, as well as an impending bullish cross on the MACD.

Extended Watchlist:
ABRW, TTII, TSTS, MXSG, RCPI(Bottom-Bouncer)