Blue Horseshoe Stocks

Multi-Bag Options Runners

SPDR S&P500 (ETF) SPY – Review

We really couldn’t have timed our call of the market reversal any better, and in fact, our handling of the whole coronavirus issue has been extremely fortuitous by all accounts. Our targets, the
SPY 03/13 $298-301 Calls, were able to see some excellent new highs on the strength of the rebounding market.

The following gains represent the lows subsequent to Friday’s call of these plays to the new highs recorded yesterday:

SPY 03/13 $298-301 Calls
$298: 5.67-14.21 (+151%)
$299: 5.44-13.97 (+157%)
$300: 4.65-13.42 (+187%)
$301: 4.54-12.47 (+175%)

JD.com, Inc. JD

We also had the JD Weekly $39.50-41.50 Calls, which we offered up fresh for yesterday’s report. Despite China fears abounding, this Chinese retailer dropped solid earnings and performed exceedingly well on the day.

All of our target contracts enjoyed significant multibag moves on the day.

JD Weekly $39.50-41.50 Calls
$39.50: 1.91-4.60 (+136%)
$40: 1.55-4.17 (+169%)
$40.50: 1.30-3.60 (+177%)
$41: 1.02-3.40 (+233%)
$41.50: .85-2.75 (+224%)

We’ll roll up to the JD Weekly $42.50-43.50 Calls to stay closer to the action as we head into the midweek point.
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Fresh Ideas:
KSS Weekly $39.50-41.50 Calls
TGT Weekly $109-111 Calls

Extended Watchlist:
CHK, CVGW, SBBP, IPIX,

Expertly Timed Reversal

iBio, Inc. IBIO – Recap

Among those stocks that we have been tracking concurrently with the coronavirus outbreak in progress, is IBIO, which we just updated readers on in Friday morning’s report. We may be in line to see a better performance from stocks in general in contrast to last week’s historical market decline, which would lead to consolidation in stocks like IBIO, although it did manage to record an incredible new high Friday.

We had just recapped Thursday’s performance wherein the stock ran as high as .887, but Friday’s session took it to a whole new level. IBIO traded in a range from 1.50-3.40 for an intraday pop of 127%

Following our tag on Dec. 5th, the stock was trading for as little .189, and from there, Friday’s newly registered high represents an increase of 1699%

Innovation Pharmaceuticals, Inc. IPIX

We also want to watch IPIX, an OTCQB company which believes it has a scientific basis to believe that one of its preexisting treatments could be effective against coronavirus. We would suggest you read the PR outlining this in greater detail and keep IPIX on your radars. (>>View PR)

SPDR S&P500 (ETF) SPY

We also want to recap the performance of the SPY Calls we signaled on Friday morning, which will also continue to be in play for a potential market recovery this week.

We timed our flip-flop perfectly, having gone primarily with puts for our options ideas while the markets were in hysterics, and an intraday rebound provided for the following gain opportunities:

SPY 03/13 $298-301 Calls
$298: 5.67-9.41 (+66%)
$299: 5.44-8.45 (+55%)
$300: 4.65-9.32 (+100%)
$301: 4.54-9.00 (+98%)

Fresh Options Ideas:
JD Weekly $39.50-41.50 Calls

MTDR 04/17 $10-15 Calls
(Stock itself may be in play, extremely oversold)

Extended Watchlist:
MATN, WARM, TRFN, PUBC

New Highs to Report

More New Highs for Biotechs

Essentially every play we’ve been tracking that is in any way related to medical/biotech have been setting new highs as fast as we can update them. The coronavirus hysteria, along with an underlying need for a market correction is producing some incredible effects. Here are the new highs on such stocks on our watchlist.

Co-Diagnostic Inc. CODX – As we were mentioning yesterday, we’ve been on the trail of CODX since the end of last month, at which time we observed a low of 1.52. Yesterday, just as we cautioned it would, the stock reached as high as 19.67. That extends our observed range on this play to 1194%
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Vaxart Inc. VXRT – Another coronavirus play we’ve been watching has been VXRT, beginning on January 31st at a low of .956, and there is an impressive new high to report here as well,. The stock hit 3.40 yesterday, which brings our total possible gains on VXRT to 256%
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iBio, Inc. IBIO – Lastly, is a stock we placed on watch just a shade under three months ago, in IBIO. Subsequent to our tag on 12/05, we observed a low of .189 in IBIO, which has given way to a new high of .887 this week as viral virus fears continue to sweep the investment community. That represents a gain of 369%

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Fresh Options Ideas:
SPY 03/13 $298-301 Calls

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