Blue Horseshoe Stocks

Blue Horseshoe Stocks: Options Updates & More

Facebook, Inc. FB – Options Recap

Our fresh options idea or the day yesterday on the heels of Facebook’s earnings beat, the FB Weekly $133-136 Calls ended up providing opportunities for sizable gains early on in the session.

The following moves all occurred in the first half hour of trading, so traders would have had to be quick on their feet to get in on the action, but those who were, were handsomely rewarded with some really big, really quick gains:

$133 Calls – Range: .36-2.17 – Max Gain: 502%
$134 Calls – Range: .28-1.51 – Max Gain: 439%
$135 Calls – Range: .18-.96 – Max Gain: 433%
$136 Calls – Range: .05-.55 – Max Gain: 1000%

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FRESH IDEAS:

Amazon.com, Inc. AMZN – With Q4 earnings season in full swing, we will include another options idea based on the early activity in AMZN, which posted disappointing figures in its post-market release yesterday.

Here we’re going to be highlighting a range of puts that we feel stand to make decent gains, should AMZN’s fortunes play out as we suspect they might today. The targets we want to place on watch are going to be the AMZN Weekly $810-800 Puts.

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SPDR S&P 500 ETF (SPY) – On the bullish side of things, solid jobs numbers could very well lead to an overall uptrend for the markets as a whole, so we’re going to want to designate an a corresponding idea for that.

Generally, we like to use the SPY as a market analog, so we’re going to signal a range of SPY calls to try to take advantage of the current conditions. Our target range here will be the SPY Weekly $227.50-229 Calls.

Cerulean Pharmaceuticals, Inc. CERU

We want to keep our eyes on CERU as we close out the week, and into next week, as the stock is currently boasting a chart that looks as if it could break out at any moment.

As you can see, the stock has been gradually building a higher base of support off of annual lows recorded in the fall, and yesterday, really started to make a bullish move. We’re seeing a slight gap-up this morning to just below the resistance channel between 1.20 and 1.30. As we’ve pointed out below, there is a huge gap on the chart to the upside, and a breach of that channel would begin to fill it in.

This is a stock that we feel could easily make a 100% move inside of the next few sessions, so we will want to watch carefully.

Extended Watchlist:
MJPI, PKGM, GEQU, OWCP, SGMD, PROM

Blue Horseshoe Stocks: AAPL Update & More

Apple, Inc. AAPL – Options Recap

The current earnings season really kicked into high gear for us yesterday with our signal on AAPL. To go along with the activity we were observing in the premarket just formulated an options trading idea with the AAPL Weekly $125-127 Calls, and were ultimately met with chances for huge gains across the board.

Regardless of which strike price was chosen within that range, multi-bag gains were there for the taking:

$125 Calls – Range: 1.18-5.00 – Max Gain: 324%
$126 Calls – Range: 1.36-4.46 – Max Gain: 228%
$127 Calls – Range: .61-3.55 – Max Gain: 482%
$128 Calls – Range: .45-2.61 – Max Gain: 480%

We were obviously very pleased with our calls and the intraday opportunities they provided, and have no problem simply walking away after such a bang-up session. That being said, we’ll go ahead and continue to track the activity over the remaining two sessions this week, just for good measure.

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FRESH IDEA:

Facebook, Inc. FB – Continuing our ride on the earnings train, we’re going to signal a range of options in the FB chain on the heels of yesterday’s post-market earnings report.

Our target range today is going to be the FB Weekly $133-136 Calls.

Alkame Holdings, Inc. ALKM

Last week as we were following ALKM, mentioning it in all three reports from the 25th-27th, we witnessed a low of .0014. Yesterday, the stock broke out on mega-volume running to a high of .004 where it also closed, having traded 6X its 30-day average volume.

It worked out to a week-over-week increase of 186% We’re also going to want to continue keeping tabs on ALKM after yesterday’s strong close.

Extended Watchlist:
ISBG, MJTK, VAPR, NOK, MJN, NGD

Blue Horseshoe Stocks: Form-4 Alert, AAPL & More

Apple, Inc. AAPL – Options

We used to trade AAPL options like they were going out of style, but have not actually talked about the stock in roughly six months.

This morning, on the heels of yesterday’s post-market earnings beat which featured better-than-expected iPhone sales, we’re going to be coming back to AAPL with a short-term options idea.

Having traded as high as 127.67 in the premarket, we’re going to be looking for a dip-and-rip off of this gap-up once the session commences. We’re going to be focused on the AAPL Weekly $125-127 Calls provided the expected early dip doesn’t take the stock lower than the $125-mark.

Opko Health, Inc. OPK

OPK is a familiar stock to us, albeit one that we haven’t touched upon in awhile. Recently, it has been under heavy consolidation, beginning with a large gap-down from the mid-$11 to the $10 area in late December, and persisting throughout last month.

We’ve also noticed a series of Form-4 filings which show the CEO was soaking up shares at these lows all last week and into Monday, to the tune of more than $300K worth purchased at market prices in just a few days.

We like to follow plays where directors are actively supporting their stock with confidence buys like those, so we’re going to be keeping a closer eye on OPK in sessions to come, as a rebound may be forthcoming at any time.

Tuesday’s Honorable Mentions

Cardinal Energy Group, Inc. CEGX – We placed CEGX in yesterday morning’s extended watchlist and were pleased with the stock’s modest, yet noteworthy intraday performance.

The stock traded in a range from .0026 to .0038, marking an intraday pop of 46% There was a consolidation into the close, and the stock failed to hold at least 50% of its daily advance, however, with the volatility exhibited in the past couple of sessions, we’ll definitely want to keep an eye on CEGX as we cruise through mid-week.
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Players Network PNTV – We were just mentioning our coverage of PNTV on Monday, and the 400%+ gains we’d observed recently. What has followed is a solid couple of sessions that has the stock well on its way to an impressive intraweek performance.

Monday’s low came in at .028, and yesterday it reached as high as .04, marking a two-day swing of 30% We’ll be looking for the stock to continue posting higher highs and higher lows today, which would solidify PNTV’s multi-day runner status.

Extended Watchlist:
UAMM, SOUM, AZUR, OKS, CTXS, DRYS

Blue Horseshoe Stocks: NOUV Update & More

Nouveau Life Pharmaceuticals, Inc. NOUV

As if the two-day, 1102% swing we had already witnessed from NOUV between Thursday and Friday weren’t enough, the stock continued to show volatility with a nice intraday move yesterday following its inclusion in our morning report.

NOUV traded in a range from .0046 up to .008, marking an intraday rip of 74% which came on roughly eight times the 3-month average volume. It also closed having held more than half of its daily advance, which puts us on alert to continue monitoring its activity as we progress through the week.

***Participate in our daily traders chats via Skype! The NOUV pick came courtesy of one of our regular participants in the room last week. It doesn’t matter if you’ve just started trading, or if you’ve been doing it for ages, all of our readers are most welcome. Simply send a Skype contact request to username: ‘stocksumo’ and join us!

New Gold, Inc. NGD

We want to place NGD on an extended bottom-watch after the activity which has transpired over the past few sessions. The stock fell off of a cliff, dropping more than a third of its total value in less than a full trading week. The move comes in conjunction with the announcement that production costs per ounce would rise in 2017, as well as the company coming up short on financing for the buildout of its ‘Rainy River’ mine by more than $100M.

While those are certainly noteworthy occurrences, we look at the rapid drop-off in PPS more as an opportunity to get some skin in the game at a discounted price. We’ll be watching NGD closely for a reversal, which admittedly might not happen right away, but could be quite a prime rebound opportunity when it does.

It’s worth mentioning that despite production costs per ounce rising from just under $700 to more than $800 for NGD, even at the higher figure, it still places them well in the profitability range (gold currently trading for, and at a significantly lower cost than many mining outfits.

Wal-mart Stores, Inc. WMT – Options Idea

Speaking of longer-term ideas, we’re looking at WMT this morning after the stock posted a near 9-month low on Friday, followed by a bullish candle to kick the week off yesterday.

It comes on the heels of the news that the retail giant had fired a shot across Amazon’s bow, with the revelation that it would be offering free two-day shipping on over 2 million items via Walmart.com, which cuts Amazon Prime’s main incentive off at the knees.

We’ll be very interested to see how the market responds to such a development over a longer time frame. In correlation, we’re going to be monitoring the activity in the WMT 03/03 $68-69.50 Calls in the days and weeks ahead.

Extended Watchlist:
QSIM, CEGX, ISBG, GMNI

Blue Horseshoe Stocks: Fresh Bottom-Bouncers & More

Potential Bottom-Bouncers

We’re noticing a couple different possible bottom-plays that we want to start the week off by highlighting this morning:

Rite-Aid Corp. RAD – This stock has been repeat target for us at various times in the past, and we want to circle back around to it today as we’re noticing the recent activity. The stock plunged to new lows on Friday, yet regained almost all of that ground before closing nearly flat.

From the current place on the chart, and given the present indicators suggesting that a rebound could soon be forthcoming, we’re going to want to radar RAD on both the stock side of things, as well as signaling an idea in the options chain. In that case, we’re going to be interested in the RAD 02/25 $6-7 Calls, which gives us plenty of time for the stock to realize the recovery that we’re after.

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Cymabay Therapeutics, Inc. CBAY – CBAY is another play we’ve caught this morning as began showing signs of life after having hit its lowest PPS levels in over two months on Friday, as well as gapping up moderately in the premarket today (High: 2.15)

We’ll be looking for the stock to maintain support in the channel between the 50DMA (1.89) and 200DMA’s (1.96) on any pullbacks as things get going today. As you can see on the chart snapshot below, various indicators leading into today’s session appear favorable for CBAY.

Chatroom Call

One of the regular participants in our daily traders chats via Skype hit it big with an excellent call that was shared with the room last week. He swooped in with a sell suggestion on Friday that was perfectly timed.

Our members had a chance to jump into Nouveau Life Pharmaceuticals, Inc. NOUV at .0008 on Thursday, and the stock hit .0089 on Friday just after the following message was communicated, marking a two-day swing of 1102% The stock subsequently tanked, outlining the accuracy of DJ’s call.

As we always remind our readers, anyone is welcome to participate in our daily traders chats. Simply send a Skype contact request to username: ‘stocksumo’ and we’ll fill you in on how to join in!

Players Network, Inc. PNTV

We initially began tracking PNTV this fall, mentioning it on Oct. 20th and Nov. 8th, subsequent to which time we would witness the stock trading at a low of .0089.

We added a reminder in our report on Thursday as it had begun to ramp up heavily, and on Friday it went on to hit a new 52-week high of .048. It extends the overall gain we’ve observed in this play over the past couple of months to an impressive 439%

Extended Watchlist:
TQLA, SDVI, IFAN, PXYN(Bottom-Bouncer)