Blue Horseshoe Stocks

Blue Horseshoe Stocks: Winning LVS Options & More

Las Vegas Sands Corp. LVS – Options Recap

To correspond with the surprise news that Macau gambling revs broke a two year pattern of disappointment, we prepared ourselves with a few options ideas yesterday, and while they all provided opportunities to an extent, the one that shone through as the clear winner was Las Vegas Sands.

We zeroed in on the LVS Weekly $51-52.50 Calls for potential daytrading chances, and regardless of the chosen strike price, multi-bag intraday gains were there for the taking. The possible profits were as follows:

$51 Calls – Range: 1.18-2.83 – Max Gain: 140%
$51.50 Calls – Range: .85-3.36 – Max Gain: 295%
$52 Calls – Range: .40-1.82 – Max Gain: 355%
$52.50 Calls – Range: .30-1.62 – Max Gain: 440%

Kibush Capital Corp. DLCR

After alerting DLCR in Wednesday morning’s premarket report, the stock has gone on a heck of a two-day run for us. Yesterday we mentioned that we’d keep an eye out for a continuation of the uptrend, and got just what we were looking for as the stock streaked to new highs for us.

It traded in a range from .0036-.0071, falling just shy of a double-bagger with a 97% intraday push, and from the low we observed on Wednesday morning subsequent to our initial report (.00297), it represented a two-session overall increase of 139%

Ocean Rig UDW Inc. ORIG

We’ve also got a potential bottom-play hitting our scanner this morning in ORIG, so we wanted to make mention of that as well.

All it takes is a quick glance at the chart to see why we’ll be interested in tracking the activity in this stock in sessions to come. We’ve got a strong double-bottom signal, a bullish MACD cross in progress, and the RSI is indicating that ORIG is presently oversold.

These are all factors we routinely search for, and when coupled with a sizable gap on the chart to the upside, and the fact that it was trading at three times its current price less than a month ago, we’ll certainly want to watch this one closely.

Extended Watchlist:
BTG, FSM, NGD, TRUU, CCLX, ICLD,

Blue Horseshoe Stocks: DLCR Update, Options & More

Veeva Systems, Inc. VEEV – Options Update

We closed out yesterday’s report with a fresh options trading idea in the VEEV chain, and were not disappointed with the results.

We focused on VEEV after the company posted a mammoth year-over-year sales increase in its premarket earnings report. Our specific targets of interest were the VEEV Weekly $39-42 Calls and it came as no surprise to see solid intraday gain opportunities from each and every set of those contracts.

$39 Calls – Range: 1.55-2.25 – Max Gain: 45%
$40 Calls – Range: .85-1.53 – Max Gain: 80%
$41 Calls – Range: .50-.90 – Max Gain: 80%
$42 Calls – Range: .25-.50 – Max Gain: 100%

Kibush Capital Corp. DLCR

We placed DLCR on watch in yesterday’s premarket report, and were instantly met with chances for intraday gains by this subpenny swinger. From its low of .00297 first thing in the morning, the stock eventually reached a high .0046, representing a move of 55%

It marked the third straight session that DLCR has recorded higher highs and higher lows, and with a strong close at .0044, we’ll keep an eye out for continuation of the trend. For the stock to retain our interest it we’ll want to see it hold support at or above .0037 on any pullbacks.

Casino Stocks Heating Up – Options Ideas

After an unexpected increase in August gaming revenue in Macau (world’s largest casino hub) which broke a two year downtrend, we’re seeing a number of casino-related stocks that seem poised to perform really well, at least over the short-term.

The situation is leading us to put some options ideas on the table to correspond with current conditions:

Wynn Resorts Ltd. WYNN Weekly $92-94.50 Calls

Melco Crown Entertainment Ltd. MPEL Weekly $13.50-14 Calls

Las Vegas Sands Corp. LVS Weekly $51-52.50 Calls

Extended Watchlist:
ANDI, AWAW, CYTK, IMUC, MAXD, HDUP, SPU, ROKA

Blue Horseshoe Stocks: ANF Options Recap & More

Abercrombie & Fitch Co. ANF – Options Update

Our main point of focus in yesterday’s premarket report was a bearish stance on ANF to correspond the company’s earnings miss. We wanted to use the impending selloff to our advantage, and for that we selected the ANF Weekly $22-19.50 Puts.

The activity unfolded just as we expected it would, and as a result our observed contracts provided us with nice intraday gain opportunities.

$22 Puts – Range: 2.55-4.09 – Max Gain: 60%
$21.50 Puts – Range: 1.70-4.15 – Max Gain: 144%
$21 Puts – Range: .64-3.14 – Max Gain: 391%
$20.50 Puts – Range: .48-2.60 – Max Gain: 442%
$20 Calls – Range: .36-2.15 – Max Gain: 497%
$19.50 Calls – Range: .27-1.65 – Max Gain: 511%

While the contracts don’t expire until Friday, this is likely to be a one-day idea that we’ll now be moving on from, as the chances of seeing ANF take another dramatic backslide seem rather slim at this point.

Updates on Last Friday’s Solid Picks

We want to circle back today to recap a couple of plays we added to our watchlist on Friday morning. Both have left their lows behind, with each of them going on to register new highs yesterday.

Firefish, Inc. FRFS – saw its low on Friday at .0031 and yesterday found its way up .0064, marking a 106% swing in a four session span.

Force Protection Video Equipment, Inc. FPVD – This play found its bottom on Monday at .016 before leading into yesterday’s high of .027. That goes down in the books as a three-day, 68% shift to the upside.

Fresh Options Idea:

VEEV posted a 34% year-over-year increase on revenue in this morning’s earnings report, and like usual, we want to signal a range of options contracts to monitor as a result. Our targets are going to be the VEEV 09/16 $39-42 Calls.

Extended Watchlist:
SKLN, MVES, ASCK, DLCR, GREW, BVTK

Blue Horseshoe Stocks: Bearish Options Idea & More

Abercrombie & Fitch Co. ANF – Options Idea

After noticing this morning’s earnings release from ANF, which included a big shortfall on expected sales as well as guidance for the remainder of the year, we may be interested in taking a bearish stance and using the current sentiment to our advantage with a series of puts.

We’re going to place ANF Weekly $22-19.50 Puts on watch as the stock is gapping down more than ten percent in premarket trading. If a large selloff continues to persist, we could be looking at some serious action in these contracts.

As long as the stock doesn’t recover past this morning’s premarket high of 22.95 once the session commences, this idea will remain in play.

Axiom Corp. AXMM

We’ve got an interesting chart setup on this subpenny stock that is sufficient to warrant tagging the play for observation. In addition to forming a fairly strong ascending triangle pattern, there are a number of other bullish attributes of which to take note.

As we’ve pointed out on the following snapshot, AXMM’s coming off of being oversold, and we’re going to want to see that RSI surpass the 50-line. Meanwhile the MACD just underwent a bullish cross, and if we can see a breach of the .0029-mark, there’s little in the way of resistance until you hit .0055, which would also represent a breach of the current 50DMA.

Extended Watchlist:
ADMD, CHRO, DPSI, TVPC, VRME,

Blue Horseshoe Stocks: Bottom-Bounce Watchlist & More

Family Room Entertainment Corp. FMYR

FMYR made an appearance in Friday morning’s premarket watchlist, and was ready to make it’s rip right from the starting gun. The stock rapidly spiked 56% from .005-.0078, before dipping back to a low of .0045 and making a 33% swing back to the close at .006.

When it was all said and done, the stock ended up trading roughly ten times its monthly average volume. These are the type of volatile swingers that we like to track whenever we find them. When properly timed, these rapid intraday swings can be leveraged into quick profits. We’ll be on the lookout in the event of some momentum carryover from Friday.

Bottom-Bounce Watchlist

We’ve got a couple of plays with similar chart setups to tag for extended-term observation as we kick off this new trading week. Each of the following has exhibited signs of rebound action off of fairly recent annual lows, and in each case, a sizable gap on their respective charts is present. We’ve included snapshots of each chart below.

Adamis Pharmaceuticals Corp. ADMP– As you can see, ADMP gapped down hard in June, and followed that up with a selloff to new annual lows later that month. Recently it has been gaining ground off of its bottom, and at present the RSI is on the verge of cracking into the power zone.

Performance Sports Group Ltd. PSG – The gap on the chart in this case dates back to March, and it will need to break through a channel of resistance that we’ve marked below to make a run at filling it, but if that were to occur, we’d be talking about gains of several hundred percent from current PPS levels.

Extended Watchlist:
ACNV, MMEG, POWN, XGTI, GEVO, INRD,