Blue Horseshoe Stocks

Panic Buying/Selling Goes Viral

Co-Diagnostic Inc. CODX – Review

The last time we mentioned CODX in one of our reports was toward the end of last month, and at the time the coronavirus was not inspiring as much fear as it is presently, but the stock had still already begun to trade high volume and edge upward.

Now, with the CDC warning of a potential pandemic, even as some public officials attempt to downplay the significance, fear-buying has driven up stocks like CODX, which happened to be the #2 gainer on the NASDAQ yesterday. It enabled new highs for us, and we’ve now seen CODX run from a low of 1.52 up to 10.89 in just over a month’s time! That’s a fantastic increase of 616%

The stock has broken $14 in the premarket, so our observed range stands to increase significantly today.

Vaxart Inc. VXRT

Speaking of coronavirus plays, we signaled VXRT on January 31st and promptly provided an update this month on the 4th, and it too has enjoyed a fear-powered run up the chart.

Our initially observed low on this play was .956, and as of yesterday’s new high of 1.91 that works out to an upswing of 99% With the stock on the verge of hurtling upward into blue skies, (over $2 in the premarket) we’re going to want to continue to keep an eye peeled for further activity.

Fresh Options Ideas:
SQ Weekly $78-80.50 Calls
MAR Weekly $120-117 Puts

Extended Watchlist:
PXYN, MRNA, TNXP, INO, LMPX, SIX,

Success, Despite Market Troubles

Palo Alto Networks, Inc. PANW – Update

In addition to the PANW Weekly $240-235 Puts we highlighted on Monday, yesterday we cast an even wider net in modifying our strike area to include the $210-200 Puts.

Thanks to the 3rd biggest single-session loss in DOW history, we’ve got all new highs on each and every contract we’ve been tracking.

PANW Weekly $240-235 Puts
$240: 10.11-43.37 (+329%)
$237.50: 8.85-41.61 (+370%)
$235: 7.75-43.00 (+455%)

$210-200 Puts
$210: 8.65-16.50 (+91%)
$207.50: 6.06-14.52 (+140%)
$205: 5.02-12.15 (+142%)
$200: 2.08-8.75 (+321%)
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Fresh Ideas:
TJX Weekly $62.50-65 Calls
LOW Weekly $119-121 Calls

Genprex, Inc. GNPX

Our regular readers should recall our recent coverage of GNPX, which we initially slated for observation in our report on on January 6th, when the stock was trading for a little as .29. We were recently commenting on its incredible performance just last week.

Despite some of the worst days for the market in its history, GNPX has managed to set new highs once again, yesterday reaching 7.03. From our observed low of less than two months ago, that represents an a stellar overall increase of 2324%

iQSTEL, Inc. IQST

We also wanted to relay the new high set by IQST, which we had just signaled on Monday morning, and updated readers on yesterday morning. From our low of .1483, the stock soared to .5174, registering as a total two-day gain of 249%

IQST also has news out today, so we’ll keep it on our radar jedhbdhuj

Options Reviews, Fresh Ideas

Reviewing Yesterday’s Puts

We warned of the bearish session that we had incoming, in our premarket report yesterday, and featured some puts in the chains of plays with upcoming earnings. We had signaled the INTU Weekly $290-287.50 Puts as well as the PANW Weekly $240-235 Puts.

Here were the modest, yet respectable, single session gain opportunities provided by those two targets, which were available to ourselves and our readers:

INTU Weekly $290-287.50 Puts
$290: 8.61-10.91 (+27%)
$287.50: 7.30-8.90 (+22%)

PANW Weekly $240-235 Puts
$240: 10.11-12.70 (+26%)
$237.50: 8.85-10.75 (+21%)
$235: 7.75-10.08 (+30%)

Important: We want to update these ideas today, flipping over to the bullish side of the fence on the INTU $287.50-292.50 Calls, and modifying our strike area on PANW with the $210-200 Puts
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Fresh Ideas:
HD Weekly $245-250 Calls
KEYS Weekly $95-100 Calls

OTC Updates

Given the turbulent forecast for the markets at large yesterday, our extended watchlist was comprised solely of stocks listed on the OTC Markets. When the big boards are suffering, it’s often a good idea to track OTC activity, which is typically heightened during these periods. We got nice daily moves out of both IQST and HDII.

iQSTEL, Inc. IQST
Range: .1483-.33 | Gain: 123%

Hypertension Diagnostic, Inc. HDII
Range: .0205-.0349 | Gain: 70%

Using Market Fears for Added Leverage

Deere & Co. DE

We had a pair of options ideas set for the Deere chain in Friday’s premarket report, and despite the markets getting rocked, they managed some fantastic multi-bag gains for ourselves and our readers.

The targets were the Deere & Co. DE Weekly $175-177.50 Calls, and both contract sets recorded stupendous gains as the stock bucked the overall trend of the day.

DE Weekly $175-177.50 Calls
$175: 2.27-7.00 (+208%)
$177.50: .99-4.57 (+362%)

Fresh Options Ideas

The markets appear to be headed for another difficult session due to continued coronavirus fears among other things, so our fresh options ideas today will be bearish, with the exception of SON, which is exhibiting a good technical setup to put it on longer term watch for a possible rebound in the weeks and months ahead.

INTU Weekly $290-287.50 Puts
PANW Weekly $240-235 Puts
SON 04/17 $55-60 Calls

Extended Watchlist:
IQST, HDII, FNHI, SPOM, SESI, TOCA, NVNT

Another 1000% Gainer!

Virgin Galactic Holdings, Inc. SPCE

It has been a full month since we formulated a longer-term play for the SPCE chain, in our premarket report on the morning of January 22nd, at which time the stock itself was trading for as little as 15.61. Despite pulling back into the close, SPCE did first soar to an incredible new high of 42.49 yesterday.

That worked out to a month-long stock move totaling 172% and it allowed our options ideas, the SPCE 02/21 $10-15 Calls, to tack on a whole lot more gains than the already impressive ones our ideas had produced up until then.

With the stock sitting where it is now, and these contracts expiring tpoday, these are most likely the final updates for this set of ideas, which couldn’t have turned out much better for us:

SPCE 02/21 $10-15 Calls
$10: 6.24-29.50 (+373%)
$11: 5.30-29.10 (+449%)
$12: 4.30-29.90 (+595%)
$13: 3.50-26.90 (+669%)
$14: 2.80-25.20 (+800%)
$15: 2.15-26.90 (+1151%)

SPO Global Inc. SPOM

We also have been tracking some OTC plays recently, and SPOM is among those, initially from our report on Tuesday morning.

In the three ensuing sessions, the stock has made a respectable move for us from its low on Tuesday of .155. After another moderate push yesterday, SPOM attained a new high of .44, representing an increase of 184% over our observed low.

Fresh Options Ideas:
Deere & Co. DE Weekly $174-177 Calls*
Magna International Inc. Weekly MGA $52.50-55 Calls*

*Please don’t attempt to trade weekly options on a Friday unless you are an advanced level trader with access to disposable funds.

Extended Watchlist:
DPW, FZRO, BLNK, ZOM, ZVTK