Blue Horseshoe Stocks

Blue Horseshoe Stocks: Big Options Winners & More

Friday Recap: Huge Options Success

Even during such times when big stock gainers are difficult to come by, we’ve managed to balance the scales with some excellent options ideas. It hasn’t been just a few either, a fact to which our regular readers can surely attest. It’s been one great idea after another, and Friday’s premarket report included still more premium chances for big intraday profits!

Our specific targets were UVXY Weekly $33-35 Calls, and SPY Weekly 205-203.50 Puts and there were no contracts within the specified ranges that didnt make an appreciable move during the session. The epic moves were as follows:

Pro-Shares Ultra VIX Short-Term Futures (UVXY) Calls
$33 Calls – Trading Range: 1.01-4.70 – Max Gain: 365%
$33.50 Calls – Trading Range: .80-4.13 – Max Gain: 416%
$34 Calls – Trading Range: .59-3.70 – Max Gain: 527%
$34.50 Calls – Trading Range: .45-2.82 – Max Gain: 526%
$35 Calls – Trading Range: .26-2.85 – Max Gain: 996%

SPDR S&P 500 ETF (SPY) Puts
$205 Puts – Trading Range: .78-2.63 – Max Gain: 237%
$204.50 Puts – Trading Range: .54-2.17 – Max Gain: 302%
$204 Puts – Trading Range: .33-1.60 – Max Gain: 385%
$203.50 Puts – Trading Range: .20-1.17 – Max Gain: 485%

Big cheers go out to any of our readers who were with us on these monstrously successful calls (and puts) on Friday! As we said, most of the options ideas we’ve been formulating have been home runs, and these plays were no different.

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As a bonus idea, we included a flag of the FitBit, Inc. FIT Weekly $30 and 29 Puts, and some stellar gains were possible there as well:

$30 Puts – Trading Range: 1.00-2.80 – Max Gain: 180%
$29 Puts – Trading Range: .54-2.17 – Max Gain: 302%

Bottom-Watch Plays

Magnum Hunter Resources Corp. MHRC

We’re going to signal our interest in MHRC as a potential bottom-play this morning, and a quick viewing of the chart will show why. The stock has been beaten senseless in recent sessions, and is well into what we’d characterize as heavily oversold territory. It has managed to register higher lows in each of the past three sessions, so we’ll be watching for a continuation of that trend up off of the recently recorded 52-week low.

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SunEdison, Inc. SUNE

We’ve had our eye on SUNE as the apparently undervalued stock was searching for a bottom. We were looking for solid signs that it had found that bottom and was readying for a rebound, and over the past couple of sessions, we’ve seen the signals we were after. We’re going to officially place this one on watch as we kick off a new week, as we feel the stock to be grossly undervalued at the current PPS.

Trader’s Chat Winner

We also want to give a quick shout-out to DJ from our live trader’s chat* on Friday, who called out the NFLX $105 Puts which subsequently ran from .25-1.63 (+552%). Cheers, DJ!

*Remember, any of our valued readers has to do to get in on our daily trader’s chats, is log into (or create) your Skype account and send a contact request to ‘stocksumo’. We’d be happy to allow any interested parties to participate!

Extended Watchlist:
BIEL, BIEI, GLDG, EURI

Blue Horseshoe Stocks: New Options Ideas, Rebound Play & More

JC Penney Company Inc. JCP – Options Review

If you recall yesterday’s premarket report, we were targeting some JCP options calls to play off of the anticipation of this morning’s earnings release. Our idea returned some nice opportunities for intraday gains. We were specifically looking to the JCP Weekly $8.50 Calls for these chances, and those contracts traded in a range from .39-61 during yesterday’s session. That made it possible for traders to bank up to 56% in intraday profits.

As for JCP’s Q3 earning release, expectations were exceeded and yet the stock is still down considerably in the premarket. Many people are citing an overall struggle for the retail sector as a whole this quarter as the reasoning behind some of the less-than-spectacular performances we’re seeing.

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Fresh Options Ideas:

To finish out the week, we’ll formulate a couple of quick-strike options ideas to correspond with the general sentiment of the markets this morning. Stocks have been continuing to struggle, presumably due at least in part, to the uncertainty of a potential rate-hike next month. As a result the UVXY (can be thought of as a ‘market fear’ indicator) just made its biggest move of the past few weeks and looks like it wants to head higher this morning.

To play into this potential trend we’re going to flag both the UVXY Weekly $33-35 Calls, and the SPY Weekly 205-203.50 Puts for potential daytrading action.

Of course, if the markets pull a head-fake and appear as if they to want to rally, we can always jump to the other side of the fence with each idea. In that case we’d be observing the same strike prices, only with UVXY Puts and SPY Calls.

Bonus Idea: FIT Weekly $30 and 29 Puts

MannKind Corp. MNKD

We’re also going to put MNKD on watch in sessions to come; the stock established a new 52-week low on Wednesday, and followed that up with a significant rebound yesterday.

We’ll be on the lookout for the recording of higher highs and higher lows and a testing of key resistance at the 50DMA of 3.26, which from current levels, would spell a solid gain of 25% in and of itself.

Extended Watchlist:
ARCS, ADCF, TDEY, URBF,

Blue Horseshoe Stocks: Options Recap & More

Updates on Yesterday’s Options Ideas

Both of our options ideas from yesterday’s premarket report returned some excellent chances for quick intraday profits. While it’s true that we signal Puts very rarely, that didn’t stop us from sniffing out winning contracts!

Macy’s, Inc. M – After releasing disappointing sales figures for Q3 and gapping down considerably in premarket trading, Macy’s continued to plunge, registering a new 52-week low and creating all sort of opportunities within our targeted range, the M Weekly $47-43 Puts.

We had the $43’s run from 1.10-3.33; a move of 203%, and the $44’s turned in an even more impressive performance, shooting up 424% from .85-4.45. At the other end of the spectrum, the $47 Puts popped from 4.46 to 7.00 (+57%), but keep in mind that there were several sets of contracts in between, and traders were faced with potential gains regardless of the increment chosen!

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Horizon Pharma plc HZNP – HZNP was the other play we were bearish on yesterday, looking at the HZNP Weekly $20-17 Puts. Just like the previously mentioned play, we were afforded the chance at gains no matter what strike price we chose within our selected range of contracts, as the stock continued to pull back.

$20 Puts – Daily Range: 1.70-3.00 – Max Gain: 76%
$19 Puts – Daily Range: 1.15-2.20 – Max Gain: 91%
$18 Puts – Daily Range: .90-1.66 – Max Gain: 46%
$17 Puts – Daily Range: .65-1.30 – Max Gain: 100%

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FRESH OPTIONS IDEA:
JC Penney Company Inc. JCP

JC Penney got beaten back yesterday and looked oversold in our opinion, but the stock seems to be rebounding nicely in early trading today. We’re going to call attention to both a weekly and a longer term set of contracts that we want to monitor going forward. For intraday/week swing trades, we’ll look to JCP Weekly $8.50 Calls, and for an extended-term watch, we’ll go with the JCP 12/11 $9 and 9.50 Calls. We would be remiss if we failed to mention that JCP earnings are slated for release before market open tomorrow so things could get quite interesting, very soon.

Dolat Ventures, Inc. DOLV

We also want to quickly submit the following subpenny play for speculation. DOLV is going to be a bottom-watch play for us as we near week’s end. Indicators suggest a recovery could be in the cards, so we’ll be watching for the recording of higher highs and higher lows off of its recently established bottom.

Extended Watchlist:
BRWC, ZYXI, GACR, MCET

Blue Horseshoe Stocks: Fresh Options Ideas & More

New Options Ideas

It is a relatively seldom occurrence that we will signal Puts when speculating over potential options plays, but we have our eyes on a couple of stocks that are exhibiting the proper conditions to do so this morning. What figures to be another slow day for stocks with regard to overall market conditions, could also help us along to some intraday opportunities on the bearish side of things.

Macy’s, Inc. M – Despite exceeding expectations for profits, Macy’s returned disappointing sales figures for Q3 this morning and as a result, is gapping down considerably in the premarket. Over the past few sessions, the stock has behaved in a similar manner, with an early gap-down leading to further losses, so in the event that the pattern repeats itself we’re going to be tracking the M Weekly $47-43 Puts for swing-trade possibilities.

Macy’s reports lower sales, trims profit forecast (Wed 8:37AM EST)

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Horizon Pharma plc HZNP – HZNP is taking a major hit in the premarket on some negative press that began circulating late last night. It represents a considerable hit to the company, and with such news being thus far untraded-upon, we’re going to be taking a look at HZNP Weekly $20-17 Puts.

Express Scripts cuts off pharmacy that sold Horizon Pharma drugs (Wed 8:02AM EST)

Extended Watchlist:
ADMD, BTHE, KWBT, TDEY, XBIO,

Blue Horseshoe Stocks: LEXG Update & More

Lithium Exploration Group, Inc. LEXG

LEXG has definitely turned out to be a real superstar of the past couple of sessions, after we tagged the stock in our premarket report on Friday. That morning, we witnessed shares changing hands for as little as .1125, followed by a momentous 140% intraday run to .27 before tapering off slightly.

We did do a follow-up with that information in yesterday’s report, and instead of falling by the wayside after a single strong session, LEXG duplicated the performance as its momentum spilled over into the new week.

From an early low of .19, the stock steadily pressed upward throughout the course of the day, closing at its high mark of .35. That goes down as a positive intraday move of 84%, and from our observed low on Friday it registers as an incredible two-day swing of 211%

We will, of course, wish to keep LEXG on our track list with the kind of momentum we’ve witnessed to this point.

Reve Technologies, Inc. (fka Bassline Produtions) BSSP

BSSP appeared on our extended watchlist a week ago today, and since that time, volume and accumulation have been consistent. The stock has been making some nice swings in the .001-.002 range; it’s going to be one we’ll definitely keep an eye on as it has become a flipper’s paradise. We’ll be on the lookout for it to continue to make higher highs and higher lows off of its recently recorded bottom in the sessions to come.

Tapinator, inc. TAPM

We’re going to place TAPM on watch today as well, with a number of chart indicators suggesting that a continued breakout could be in the cards. As you can see on the snapshot below, the stock just cracked its 50DMA and has established its ability to make big gains in the past. It’s coming off of its fourth consecutive session of higher highs and higher lows.

Extended Watchlist:
AGTK, ARCS, EURI, DRNK, GDSI