Month: July 2016

Blue Horseshoe Stocks: Kicking Off the Short Week

Netflix Inc. NFLX – Options Update

We hope all of our readers enjoyed the long holiday weekend! Our first order of business this morning is to provide an update on Friday’s options trading idea. We signaled our interest in tracking the NFLX Weekly $93.50-95.50 Calls for potential daytrades, and every one of the contracts within our targeted range allowed for multi-bag single-session gains.

$93.50 Calls – Range: 1.47-3.22 – Max Gain: 119%
$94 Calls – Range: 1.16-2.75 – Max Gain: 137%
$94.50 Calls – Range: .97-2.50 – Max Gain: 158%
$95 Calls – Range: .57-2.00 – Max Gain: 251%
$95.50 Calls – Range: .31-1.53 – Max Gain: 394%

We always issue the same warning when we submit a weekly options idea on a Friday, stating that it is very high-risk. While that is true, the high reward factor like we saw here is what keeps us interested in this sort of options trading.


More Updates

Lot78, Inc. LOTE – This was one of a pair of stocks we tagged for observation in Thursday morning’s premarket report, which finished off the week on a strong note. From a low of .0037, it surged to .0063 toward the end of the session. It closed at that high of day, having made an intraday jump of 70%

We’ll remain interested in LOTE moving forward provided it can maintain support at or above the .0046 level.

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GreenGro Technologies, Inc. GRNH – This is a stock that we’ve literally mentioned dozens of times in the past. Most recently was on Thursday, at which time we witnessed the stock trading at a nickel. Friday, it managed to reach .07, an overnight increase of 40%

We’ll also leave this on our radars going forward to watch for signs of a continued uptrend.

SAExplorations Holdings, Inc. SAEX

We’re going to be keeping an eye on SAEX, which raised flags on Friday with a hearty 70% bounce off of its 52-week low, established on Thursday.

Whenever we see stocks in this position, we’re interested in the possibility of taking advantage of the volatility and possible recovery. A return to even the current 50DMA of .48, where the stock was trading merely a week ago, would spell double-bag gains from current PPS levels.

Extended Watchlist:
GALE, PGNX, BCRX, FCSC, DRYS, AXU, BIND

Blue Horseshoe Stocks: The Week in Review & More

SPDR S&P 500 ETF (SPY) – Options Recap

Our idea in weekly SPY calls has repeatedly produced this week, continuing the trend from Wednesday with a really nice session yesterday. Each of the three contracts in the our highlighted range of SPY Weekly $204-206 Calls pushed the upper limits and soared to new highs as markets rallied for the third straight day.

On the table below, we’ve included both yesterday’s daily gains, as well as the total increase off of our observed lows from Wednesday (1.45, .87 and .47 respectively):

$204 Calls – Range: 2.59-5.46 – Intraday Gain: 111% – Overall Move: 277%
$205 Calls – Range: 1.68-4.51 – Intraday Gain: 168% – Overall Move: 418%
$206 Calls – Range: .83-3.58 – Intraday Gain: 331% – Overall Move: 662%

Mobileye N.V. (MBLY) – Update

We also had a fresh idea in yesterday’s report, namely the MBLY Weekly $44.50-46.50 Calls. While we didn’t see a full sweep of our observed range in terms of big potential profits, three out of the five sets of contracts recorded sizable intra-session pops, including a monstrous octuple-bagger in the 46’s!

$45 Calls – Range: 1.80-2.50 – Max Gain: 144%
$46 Calls – Range: .31-3.00 – Max Gain: 868%
$46.50 Calls – Range: .70-1.50 – Max Gain: 44%

Netflix, Inc. NFLX – Fresh Options Idea

We’ll go ahead and close out what has been a fruitful trading week for options with one final idea. We’re going to zero in on NFLX Weekly $93.50-95.50 Calls.  We’ll need to see NFLX hold above its premarket low of 93.49 on any pullbacks for our interest in these contracts to remain in force, and if this week’s market-wide recovery trend perpetuates, it shouldn’t have much trouble doing so.

*As usual, we’ll warn our less-seasoned readers that messing with weekly options contracts on a Friday is an inherently risky proposition for expert traders only!

Five Star Quality Care, Inc. FVE

We also want to provide a quick update on a stock we tagged for observation in yesterday’s watchlist. While the intraday gains amounted to a modest 14%, we’re going to be keeping an eye peeled for further activity as we head into the long holiday weekend.

If the stock can maintain support above the current 50DMA of 2.13 on any forthcoming consolidations, it will continue to hold our interest.

Bottom Watchlist:

The following will be on our radars as possible bottom-plays: Sipp Industries, Inc. SIPC  &  Guided Therapeutics, Inc. GTHP

Extended Watchlist:
TPIV, SFEG, AAU, WING, GFI