Blue Horseshoe Stocks

Blue Horseshoe Stocks: BRAV Recap & More

Bravada International, Ltd. BRAV

We tagged BRAV in Friday morning’s premarket report after noticing increased volume and price action in the stock on our routine morning scan. It responded with one heck of a strong intraday performance, allowing traders a shot at a double bagger on the day.

BRAV traded up from its early morning low of .00128 to hit a high of .0028 shortly after 12:40pm, which was good for a 118% rip, and it came on 20X the 30-day average volume.

Deere & Co. DE – Friday Recap

We wanted to briefly mention our DE options idea for Friday’s session, the DE Weekly $118-121 Call.
We normally include the exact gains made by our options calls, but are unable to on this play due to a technical difficulty, so we apologize for that.

That being said, DE ran from 119.00 to 122.24 on the day, and the potential for multi-bag gains in every single one of our highlighted contracts certainly were there for the taking.

FerroGlobe PLC (GSM)

A stock that’s hitting our scanner today is GSM, which recently came down to touch the lowest prices it had seen in eight months, and has been rebounding in anticipation of Q1 Earnings, which were released yesterday and are untraded-upon.

Additionally, the RSI on the GSM chart is about to break the 50-line, while the MACD has just undergone a bullish cross. A return to PPS levels of just three months ago would produce gains of 30% or more from current pricing. We’ll place GSM on watch over the next few sessions and will be interested to see how the activity plays out.

GlycoMimetics, Inc. GLYC – Recap

We were tracking GLYC late last week, and it turned out to be a rousing success. The stock saw a low of 7.21 on Thursday following our premarket alert, and on Friday it hit 14.64, for a two-session swing of 103% which is fantastic for a stock in this price range.

Extended Watchlist:
BIOC, CMCM, OCLR, GNC, MDR, SPHS,

Blue Horseshoe Stocks: GLYC Breaks Out & More

GlycoMimetics, Inc. GLYC

The star of the show from yesterday’s premarket report was definitely GLYC, which we tagged in the extended watchlist after noticing the increasing accumulation and uptrend forming in recent sessions.

That trend was kicked into high gear with more than fifty-six times the three-month average volume pouring into the stock as GLYC traded up from a low of 7.21 and reached 11.58 for an intraday move of 61% The overall range we’ve seen here has been extended this morning in the premarket as well with the stock hitting a high of 12.05; that boosts our observed range to 67%

With GLYC shooting up so rapidly, we’ll want to be on the lookout for a potential dip-and-rip scenario, which we see quite a bit in these sort of situations.

Petroleo Brasiliero S.A. (Petrobras) PBR

It’s been awhile since we formulated an options idea for one of our old favorite targets in PBR, most recently being back in April. We often come back to the PBR well because it provides a lot of opportunities, and we’ve spotted what could be the next opportunity today.

Brazilian markets got crushed yesterday amid yet another government corruption scandal, causing a massive loss in share value for PBR in the blink of an eye. Today, it’s already snapping back and starting to recover in the premarket, so we want to formulate some options ideas to turn to in the event that the trend persists.

For quick-hit daytrading possibilities, we’ll have the PBR Weekly $8.50 and $9 Calls*, and for a longer-term idea we’ll have the PBR 06/30 $9.50 and $10 Calls on watch.
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Another Fresh Idea: Deere & Co. DE Weekly $118-121 Calls*
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*Never attempt to trade weekly options on a Friday unless you are a highly experienced trader- it’s an exceedingly risky proposition.

Extended Watchlist:
ARNA, BRAV, DYN, ROSG, VNCE,

Blue Horseshoe Stocks: SNDX Recap, Options & More

Syndax Pharmaceuticals, Inc. SNDX

Despite the markets getting crushed yesterday we managed to find and tag in our premarket report, what would ultimately be the NASDAQ’s top gainer of the day. SNDX had been gradually coming up off a bottom in the few sessions prior, but yesterday things really kicked into gear.

It traded in a range from 10.76 to 15.335, a fantastic intraday move of 43% which is really impressive for a $10+ stock. That move inside of the first 90 minutes of the session. That was followed by a dip-and-rip pattern from 12.16 and back to 13.62; a 12% rebound into a strong close at 13.58

The stock traded 56x its 30-day average volume yesterday, and held more than half of its daily advance, so we’ll be treating this as a potential momentum play as we head into week’s end, looking out for higher highs and higher lows out of SNDX.

Fresh Options Ideas

Speaking of the markets getting crushed, it appears as if we may see a continuation of that pattern today, so we want to have a few sets of options ideas to fall back on in the event of a continued slide.

Alibaba Group Holding Ltd. BABA – BABA had been on an incredible bullish run for the better of part of 2017 thus far as you can plainly see on the chart snapshot we’ve included here. You can also see that the strength index is sharply declining after having recently been indicating the stock was extremely overbought. We can also see the MACD pinching toward a bearish cross.

That’s why, along with an earnings miss in the premarket and the overall current of the markets as a whole, we’re looking at the BABA Weekly $120-117 Puts for potential quick-strike swing trades.

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SPDR S&P 500 ETF Trust (SPY) – Also in the vein of our general bearish view of today’s overall conditions, we want to line up a set of SPY Puts for observation. Our regular readers know that the SPY is one of our favorite market analogs, and has been a wellspring of gains for us on the options front when we correctly gauge investor sentiment.

Today we want to put the SPY Weekly $237-235 Puts on watch, as a sustained tumultuous period for stocks would likely produce some good chances for us there.

Extended Watchlist:
P, GLYC, CYTR, ETRM, XGTI, VSLR

Blue Horseshoe Stocks: BIg Day for WB & More

Weibo Corp. WB – Options Recap

We decided to track WB on the heels of its earnings beat yesterday and formulated a range of call contracts that we thought would see some nice activity as a result. Post-earnings options ideas are among our favorite types of plays, and WB serves as another example of why we’re always coming back to that well.

We signaled the WB Weekly $67.50-70 Calls, and with the exception of the $68.50’s and $69’s which didn’t trade a lot of volume, we saw some killer single-session moves from the other four contracts in our highlighted range:

$67.50 Calls – Range: .70-10.78 – Max Gain: 1440%
$68 Calls – Range: 4.40-10.80 – Max Gain: 145%
$69.50 Calls – Range: 1.50-7.80 – Max Gain: 420%
$70 Calls – Range: 1.30-8.90 – Max Gain: 584%
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Target Corp. TGT – Fresh Idea

Weibo was our fresh idea for yesterday, and today we’ve got another set of ideas to enter into the mix today with TGT.

Based purely on the look of the chart, this morning’s earnings notwithstanding, we’re attracted to the massive gap to fill to the upside, part of which has begun to fill as TGT is gapping up in the premarket.

We’re interested to follow progress on a range of both short and longer-term ideas, namely the TGT Weekly $57-59 Calls, as well as the TGT 06/23 $60-62 Calls. .

xG Technology , Inc. XGTI

We tagged XGTI for observation yesterday morning, and the stock did make a modest move of 24%, trading up from a low of 1.72 to 2.14 on the day.

While not an eye-popping move in and of itself, it did occur on massive volume, on the order of roughly 70X the 30-day average, and this morning in the premarket the stock has hit a new high of 2.19. We’ll definitely be on the lookout for a continuation of the momentum that is built up in this stock.

Extended Watchlist:
BVTK, CBIO, GNC, CETX, SNDX, TENX, TDW,

Blue Horseshoe Stocks: SNAP Review, New Ideas

Snap, Inc. SNAP – Options Update

We correctly called the bounce on SNAP in our premarket report on Friday and signaled a couple of contracts for observation, the SNAP 6/16 $18 & 19 Calls.

After those made intraday moves of 69% and 93% respectively to close out the week, we rehashed them in yesterday’s report along with mentioning that rolling up to the $20-level was something to consider, given the activity we were observing.

Not only did the $18’s and $19’s extend their gains, but the $20’s got in on the fun as well:

06/16 $18 Calls – Intraday Range: 2.00-3.10 (+55%) – 2-Day Swing: 163%
06/16 $19 Calls – Intraday Range: 1.38-2.34 (+70%) – 2-Day Swing: 212%
06/16 $20 Calls – Intraday Range: .85-1.65 – Max Gain: 94%

With SNAP gapping up in the premarket once again, we expect to see these ranges extended even further today. Cheers to anyone who grabbed a piece of the action!

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Weibo Corp. WB – Fresh Idea

To try to continue along with our options success, we’re looking at the Chinese social media network Weibo and its earnings beat this morning.

The stock has already been breaking out and it appears as if today’s earnings figures could propel it to even more gains over the short term, so we’re going to be looking at the WB Weekly $67.50-70 Calls.

Lithium Exploration Group, Inc. LEXG

It was only yesterday morning in our premarket report that we were encouraging our readers to get involved with our daily in-session trader’s chatroom*. Sure enough, more proof of why we periodically remind our subscribers of these daily Skype chats came to us in the form of LEXG.

As you can see from the screen snap below, it was just after 10am when we alerted our members to movement in the stock, and it subsequently ran from .0009 to .002, which represents an intraday rip of 122%

We always find winners to put here in our premarket reports, but to catch even more opportunities on the fly as they come up after the open, our trader’s chats are the way to go.

*Do you subscribe to our mailing list? If so, you’re eligible to participate and/or observe our daily trader’s chats via Skype. Simply send a contact request to username ‘stocksumo’ and we’ll take care of the rest.

Extended Watchlist:
CADC, EKSO, SGMO, TEUM, PGPM, XGTI,