Blue Horseshoe Stocks

Blue Horseshoe Stocks: LULU Recap & Other Winning Calls

Lulu Lemon Athletica, Inc. LULU

First on our docket this morning is to provide a rundown of the excellent single-session gains afforded to us by our options trading idea in yesterday morning’s premarket report.

We signaled a range of contracts that we felt had a reasonable chance of success given its conditions leading up to the opening bell, and each of the seven contracts contained in our observed range of LULU Weekly $67-70 Calls.
yielded prime chances for quick-strike profits.

$67 Calls – Trading Range: 1.70-4.65 – Max Gain: 174%
$67.50 Calls – Trading Range: 1.41-4.45 – Max Gain: 215%
$68 Calls– Trading Range: .89-3.87 – Max Gain: 335%
$68.50 Calls – Trading Range: .79-3.22 – Max Gain: 308%
$69 Calls – Trading Range: .75-2.85 – Max Gain: 280%
$69.50 Calls– Trading Range: .56-2.56 – Max Gain: 357%
$70 Calls– Trading Range: .37-2.11 – Max Gain: 470%

Yesterday’s Other Winners

Also included in yesterday’s premarket report were a couple of plays on the stock side of things that turned out to be significant intraday runners themselves.

General Cannabis Corp. CANN – The cannabis space has been a bit touch-and-go in recent months, but we have not let that stop us from routinely scanning for opportunities in the sector, and that’s just what we found yesterday in CANN.

We watched as the stock traded up from a daily low of .73 only to hit a subsequent high of 1.22. That went down in the books as an intraday pop of 67% It was followed by a dip-and-rip that carried it on a second run from .7375-1.08 (+46%).
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Mountain High Acquisitions Corp. MYHI – This is another cannabis related play that also enjoyed an appreciable move-up yesterday following our morning tag as a bottom-bouncer. MYHI traded in a range from .0235-.034, for a respectable 45% run on the day.

We’ll continue to track this along with the above mentioned play for further opportunities as we head into week’s end. Both have exhibited the type of volatility that can make for more quick in-and-out gains.

Adaptive Medias , Inc. ADTM

Lastly, we want to draw attention back to ADTM, which we we reminded our readers at the beginning of the week, was just coming off of its recently-registered annual low. It has since provided us with not one but two significant chances. On

Tuesday the stock ran from a low of .0027 right out of the starting gate to a high of .0044 shortly after 11am, for gains of up to 63% Yesterday the action provided us with a follow-up chance, as ADTM traded in a range from .003-.004- a 33% pop. That came along with a strong close at .0038 as well as twice the average 30-day volume, so we’ll definitely be watching for ADTM to record higher highs and higher lows in sessions to come.

Extended Watchlist:
CERE, RADA, CLMT, TPLM, LOGG

Blue Horseshoe Stocks: Options Update & More

Options Update

Hertz Global Holdings, Inc. HTZ – Yesterday, we signaled our interest in HTZ Weekly $11 & $11.50 Calls and began to see instant returns. The $11 Calls traded in a intraday range from .27-.46, allowing for single-session gains of up to 70%

There wasn’t much volume to speak of for the $11.50’s just yet, but we expect that to change this morning as HTZ is once again making a strong move, gapping up in premarket trading this morning. Not only should we see activity pick up with those contracts, but the gains we’ve observed in the $11’s thus far are almost certain to be extended should this uptrend continue to carry into today’s session.

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Lulu Lemon Athletica, Inc. LULU – Our eye is drawn to LULU this morning in the wake of its earnings release. Despite mixed results, the stock is gapping up here in the premarket. In order to take advantage of a potential rip out of the gate, we’re going to set our sights upon LULU Weekly $67-70 Calls.

Gevo, Inc. GEVO

GEVO is a familiar play that we’ve mentioned in the past, although we can’t provide specific reference at the moment with archives being hosted on our server currently under malicious attack. We want to call attention to it once again this morning.

The stock began ramping up on Monday, at which time is was trading in the mid-.30’s, only to go on a massive intraweek run that took it to a new high of .685 yesterday, and an impressive 1.95 high in this morning’s premarket. It has tapered back a bit, so we’ll be anxious to track for the possibility of a bounce followed by another spike once regular trading commences.

We’ll need to see the stock maintain support above a dollar on any pullbacks in order for it to keep our interest.

Extended Watchlist:
GNBT, CANN, IORG, EMPO, MYHI(Bottom-Bouncer)

Blue Horseshoe Stocks: New Plays, Fresh Options Ideas & More

Options Ideas

The first thing we want to do this morning is provide an options update on the idea we submitted in yesterday morning’s premarket report, as well as furnish a new idea on another interesting prospect.

Bank of America Corp. BAC – Our targeted BAC 07/15 $15 Calls didn’t exactly knock our socks off, but still recorded a notable intraday upswing. We watched as they traded up from a low of .27 to a high of .34; a modest but respectable gain of 26% We’ll be sure to leave a slot on our watch-screens reserved for those contracts with more than a month remaining until their expiration.

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Fresh Idea: Hertz Global Holdings, Inc. HTZ – Last week, billionaire activist investor Carl Icahn made a sizable increase to his already huge position in HTZ, to the tune of roughly $9.6M added at prices just below $10, making him a 15.24% stakeholder. The stock has been performing exceedingly well since the transactions went public.

We’ve benefited greatly from following Icahn’s money in the past, and want to tag some HTZ Calls for tracking on the chance that it could happen again. Our targets are going to be the HTZ Weekly $11 & $11.50 Calls.

Energy Sector Ideas

Stone Energy Corp. SGY – Is looking strong in premarket trading today. The stock recently set a new 52-week low approximately three weeks back, and has made a couple of nice moves off of that bottom since then.

We’re interested in tracking the activity in this play in sessions to come, especially granted the fact that it will be undergoing a 10-for-1 reverse split, effective as of Monday’s opening bell.

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Rex Energy Corp. REXX – This stock has been in a similar position on its own chart, making good strides off of recently-registered relative lows, and has actually breached its 50DMA (.85) in early trading this morning. The next patch of resistance is likely to arise in the channel between 1.20 and the 200DMA of 1.45.

Baristas Coffee Co., Inc. BCCI

Lastly, a quick recap of BCCI’s performance yesterday after appearing in our premarket report. From a low of .06, we observed the stock trade up to a high of .08; an intraday move of 33%

This is another stock that recorded new 52-week lows toward the end of May, and has followed up with solid moves up off of that bottom. We’ll continue to keep an eye on the activity in this play.

Blue Horseshoe Stocks: Bottom-Play, Options & More

Adaptive Medias, Inc. ADTM

To kick things off on a fresh trading week this morning, we’re going to return to ADTM, a stock we’ve been familiar with in the past. We want to approach this play as a bottom-watch candidate. The stock has been in a general downtrend for the better part of four months, and just recently had been bashed back to a new 52-week low last week.

The stock has fallen, in just a short period of time, down into subpenny territory from prices of more than a dime a share just a couple of weeks ago. We’re always intrigued when a stock undergoes such a rapid sell-off, because in many instances, it leads to a serious rebound-play opportunity.

Should we be able to properly time the bottom, the potential rewards would be staggering if the stock managed to regain even half of its recent lost ground from current pricing. We’ll be sure to watch closely for that possibility.

Bank of America Corp. BAC – Options Idea

Sometimes, when searching for trading opportunities, the best way to identify items of significance is to follow the money. In the case of this morning, we’ve noticed an exceedingly high amount of open interest in BAC Calls, and are going to be looking to signal some longer-term contracts for monitoring in sessions to come.

Our highlighted targets in this instance are going to the BAC 07/15 $15 & 15.50 Calls. With such an extended expiration, it’s going to give us plenty of time to see BAC stock begin to approach that $15-mark again, and if/when it does, the gains in these contracts should prove to be quite significant.

Extended Watchlist:
BCCI, ONCI, QLTS, QUTR, GRSU, AMRS

Blue Horseshoe Stocks: Reviewing IMMU, EBIO & More

Immunomedics, Inc. IMMU

We began tracking IMMU last month, mentioning it for the first time on May 13th, and then again in a followup on the 20th. Our timeliness in bringing what was already a steady climber to the table, as you can plainly see on the chart below.

It’s been a solid few weeks for the stock since that time. It has risen from our observed low of 3.59 to a new high of 5.44 yesterday, marking a solid 52% PPS increase in just a short time. We can also see that the volume has been steadily creeping up as well.

The last time the stock was this overbought, we saw a leveling out but not much of a consolidation. We’ll look for a similar phenomenon to occur from this point forward, and for IMMU to ultimately continue its general uptrend until we see evidence to the contrary.

Eleven Biotherapeutics, Inc. EBIO

Speaking of plays we called last month that have enjoyed extended moves up, we’ve also got on update on EBIO this morning. We tagged this stock for observation in the first week of May, and would catch it trading at a low of .80.

From there it’s been a fairly steady climb, and yesterday it too shot to new highs. As of yesterday’s top mark of 2.10, we’d witnessed a one-month rise of 163% as the stock temporarily cracked through the 200DMA. We’ll look for it to hold support at or above previous resistance in the 1.70 area on any pullbacks.

Fresh Options Idea

For a closing idea on this short week, we’ve taken notice of the chart on iShares Silver Trust SLV. It’s gapping up moderately in the premarket this morning after recently bouncing off of its lowest price in a couple of months.

Accordingly, today we’re going to look to possibly take advantage of the activity in the SLV $15-16 Weekly Calls* for intraday flip opportunities.
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*Caution: As always, heed our caution with regard to trading options contracts with a weekly expiration on Friday. It’s something only to be attempted by advanced traders!

Extended Watchlist:
GDSI, SNST, SIGA SAND, AUY, USLV