Month: July 2018

Blue Horseshoe Stocks: Options Review & More

SPDRA S&P 500 ETF (SPY)

After following up a string of successful SPY calls from last week, we added a fresh quick-strike idea yesterday morning. With the markets looking ready to pop after positive jobs numbers were released, we signaled our interest in tracking the SPY 07/09 $275.50-277 Calls.

Trading options with same-day expiry always carries a high risk, but in this case, it was well worth it, with each of our designated contracts producing gains of a significant nature on the day.

$275.50 Calls – Range: 1.18-2.74 – Max Gain: 132%
$276 Calls – Range: .80-2.01 – Max Gain: 151%
$276.50 Calls – Range: .48-1.42 – Max Gain: 196%
$277 Calls – Range: .23-.93 – Max Gain: 304%
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Tesla, Inc. TSLA

An idea that we formulated on Friday was with some extended term TSLA Calls. We wanted to remind readers of these contracts this morning, as the stock is behaving like we might now see the move that we predicted at the end of last week.

The TSLA 08/02 $300-315 Calls should be in line to see some nice gains with the stock itself gapping up hard here in the premarket.
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Fresh Idea:
For another fresh options trading idea on the heels of PEP’s earning beat, we’re going to be tracking the activity in the PepsiCo, Inc. PEP $109-112 Calls.

RiceBran Technology RIBT

We have included RIBT in our reports on each of the past two Mondays, and the stock has made appreciable moves to the upside in that time span.

Between our initial alert last Monday, after a low of 2.21 from which the stock hasn’t looked back, yesterday’s new high reached 3.09, marking a one week upswing of 40% We’ll be interested to see how far the stock can continue to streak into blue skies.

Extended Watchlist:
TNTR, AYTU, CLNE, CRMD, OHGI

Blue Horseshoe Stocks: More SPY Action

SPDRA S&P 500 ETF (SPY)

We want to formulate a new options idea for the SPY, but first, we would like to present the final performance of the Weekly SPY Calls we signaled last Tuesday.

Those were the SPY Weekly SPY Weekly $272.50-274 Calls and the gains they experienced over the course of the short holiday week were exceedingly impressive, with percentage increases in the thousands on two out of four contracts, with the other two set not trailing far behind, with huge multi-bag gains of their own. .

$272.50 Calls – Range: .43-3.35 – Max Gain: 679%
$273 Calls – Range: .28-2.82 – Max Gain: 907%
$273.50 Calls – Range: 17-2.35 – Max Gain: 1282%
$274 Calls – Range: .09-1.82 – Max Gain: 1922%

As we mentioned above, we’ve got a fresh idea for the SPY for today as well. in the wake of this morning’s positive jobs numbers. We’re going to keep an eye on the SPY 07/09 (Expire Today*) 275.50-277 Calls.

*Speculation in these contracts today is tantamount to trading weekly options on a Friday. Should NOT be attempted, except by veteran traders with disposal funds!

Intrexon Corp. XON – Form-4 Bottom Bouncer

We’re very interested in the current scenario with XON. We noticed the CEO purchasing roughly $100M worth of the company’s stock last week at 13.37, and we like the current technical setup as well, with a strong bottom bounce in progress along with a gap on the chart to the upside.

We could see an significant move happening for the stock itself, but we also want to include an extended term options idea for more leverage in the case of a protracted recovery, which is presently looking like a solid possibility. We’ll have an eye on the XON 08/17 $14-17 Calls.

Extended Watchlist:
BIOAQ, PVG, SECO, RIOT, LEDS, ASTC, RIBT

Blue Horseshoe Stocks: TSLA Options & More

Aegean Marine Petroleum Network, Inc. ANW

Despite the holiday lull this week, we did manage to unearth one interesting play coming off of 4th of July break, which was the sole focus of yesterday morning’s premarket report.

Apart from the big news of a $1B refinancing plan (>>View PR), ANW was exhibiting the telltale signs of an oversold stock ready to rebound, and sure enough, it moved to partially fill the large gap on the chart to the upside. The stock traded from a low of 1.22 and subsequently hit a high of 2.05, which represents an intraday upswing of 68%

The stock fell just a penny shy of its 50DMA yesterday, and with a significant portion of its gap still left to fill, we’ll want to continue to track its movements for the time being.


Tesla, Inc. TSLA

We’ve had our eye on TSLA for the past few sessions as the stock was spiraling downward. At this point in time, we feel it too may in line for a forthcoming recovery swing, and w want to have an options idea handy for such an event.

We’re going to signal our interest in following the TSLA 08/02 $300-315 Calls in the days and weeks ahead.


Galectin Therapeutics, Inc. GALT

We caught GALT for chances at some really nice gains last month as we tagged the stock on June 12th at a low of 5.83. It went on to register a high of 9.49 (+63%) in the days following that report,. After a period of consolidation of leading into this week, the stock has begun to show signs of perhaps its next leg up.

We’ve pointed out why we’re attracted to the current setup of the chart on the snapshot below:

Extended Watchlist:
RGSE, ACET, CCCR, GLBS, ABIL, BPMX, PRAN