Blue Horseshoe Stocks: MNGA News, New Options Ideas & More

Fresh Options Ideas

As we head into the end of another excitement-filled week, we’ve zeroed in on some options ideas for daytrading that could yield positive results. Friday is always an interesting time to trade weekly options; premiums are lowered significantly due to time decay, creating just the kind of high-risk, high-reward environment for which we are always on the lookout.

We have extensively used the options chains of all of the following high-profile stocks to bank enormous gains in the past (PBR Archive, AAPL Archive, NFLX Archive):

Netflix, Inc. NFLX – When we last touched upon NFLX the stock was trading in the high-$300 to $400 range, and since then it has made a monstrous move to its current base in the high-$500’s.

The stock appears to want to gap up this morning into the $600+ range; we’re going to be on the lookout for a dip-and-rip scenario, and as usual, we’ll provide a range where we think the heaviest action will fall- in this case we’re going to monitor NFLX Weekly $595-612.50 Calls.

Strategies may require adjustment on-the-fly as trading kicks off; we’ll start off with in-the-money calls, keeping in mind that we’ll need to roll up our strike prices, should the stock continue to run.

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Apple, Inc. AAPL – It’s been some time since we ventured into Apple territory. To close out the week, we’re going to be monitoring the Weekly $128 and $129 Calls for potential quick-strike opportunities.

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Petroleo Brasiliero S.A. (Petrobras) PBR – This old-time favorite has been on a steady incline since March, and recently has been flirting with the $10-level. That has made the PBR Weekly $10 Calls good for intraday flips all week long, and we wouldn’t be surprised if the same were true today. We’ll need to see the stock hold support at or above 9.85 on any pullbacks in order to remain interested.

MagneGas Corp. MNGA

We want to keep a sharp watch over MNGA which is gapping up on the heels of this morning’s big announcement of a contract with a branch of the US Military.

The company also launched a new website earlier this week that you can check out here: www.magnegas.com

Banro Corp. BAA

We also want to quickly pat ourselves on the back for the timely tag of BAA that we placed in yesterday’s extended watchlist. It was the first time the stock has appeared in our reports in almost a year, and it produced the chance for a nice intraday gain.

From an early low of .2991, BAA traded up to a high of .353, a respectable 18% jump. We’ll keep our eyes on this one into next week.

Extended Watchlist:
PTX, FRO, OSUR, QKLS, BSQR

Blue Horseshoe Stocks: ACRX, DSCO & More

Tesla Motors, Inc. TSLA – Options

Yesterday, those of our readers following our recent coverage of TSLA were once again presented with opportunities coming out of the 05/22 $230-240 Calls that we’ve been monitoring since Friday. TSLA registered a higher high and a higher low for the fifth consecutive session, topping out at 248.30. As a result, the total possible gains on our initial calls were pushed even further into the green, so we wanted to provide an update on those figures:

$230 Calls  – Friday’s Low: 6.85 – Yesterday’s High: 17.95 – Max Gain: 162%

$232.50 Calls  – Friday’s Low: 5.32 – Yesterday’s High: 16.90 – Max Gain: 217%

$235 Calls  – Friday’s Low: 5.96 – Yesterday’s High: 13.95 – Max Gain: 134%

$237.50 Calls  – Friday’s Low: 3.16 – Yesterday’s High: 12.00  – Max Gain: 280%

$240 Calls  – Friday’s Low: 3.84 – Yesterday’s High: 10.50 – Max Gain: 173%

These moves are a perfect example of what draws us to options trading; with just a 6% increase in TSLA stock, we’ve witnessed huge gains across the board in the options chain. These contracts don’t expire until next Friday, so we’ll keep our fingers on TSLA’s pulse until that time.

AcelRx Pharmaceuticals, Inc. ACRX

Popping up on our scanner this morning is a play that has both an interesting chart as well as a blockbuster PR out today that is leading to a gap-up in premarket trading (3.30-3.80’s).

We’re catching the stock as it comes up off of a relative bottom, and as we point out on the snapshot below, there are several attractive features of the current ACRX chart.

Couple that with this morning’s revelation of a contract the company has struck with the US Dept. of Defense, and ACRX becomes instantly worthy of our attention as the week draws to a close.

Discovery Laboratories, Inc. DSCO

Speaking of pharma stocks with fresh news, DCSO is also cropping up on our scanner this morning. Like the aforementioned play, this morning/s PR is resulting in a gap-up, and we’ll want to have our eyes peeled for potential advantageous activity on the chart once the session commences.

According to the release, Phase II testing of its AEROSURF® product has yielded “encouraging safety and physiological data suggest that aerosolized KL4 surfactant can be delivered to the lung of premature infants with respiratory distress syndrome”

Extended Watchlist:
PTBI, CYRN, BAA, CDTI, WOGI

Blue Horseshoe Stocks: TSLA Sustains Uptrend & More

Tesla Motors, Inc. TSLA – Options

TSLA registered its fourth consecutive session of higher highs and higher lows yesterday. In our morning report, we had just finished congratulating those of our readers who took advantage of the options trading ideas we ventured (05/22 $230-240 Calls). Returns ranging from 78-140% were made possible between Friday and Monday, and yesterday’s performance extended those opportunities even further. We could see a continuance of that pattern into today as well.

News coming down the TSLA presswire has likely contributed to the strength of this run, with the State of Maryland giving the company the green light for four direct-sales outlets in the state, a major victory for the burgeoning automaker. >>LEARN MORE

With all that having been said, with TSLA’s PPS settling in the high $244-range upon yesterday’s close and breaching the $248 mark in this morning’s premarket trading, we’re going to want to roll our range of monitored contracts up for action that’s closer to the money.

Should TSLA continue its bullish patterns, we’ll be scanning 05/22 $240-250 Calls for quick-strike chances just like the ones we’ve already witnessed.

Gevo, Inc. GEVO

On Thursday of last week, we caught GEVO as it made a great run from a low of 3.28 that day to 7.26 the following day; allowing us to close out the week with a premium chance at up to 122% in profits.

Following that impressive move we mentioned that we wanted to see the stock hold at the 200DMA of 4.90 upon pulling back, and while the stock wasn’t quite able to do so, support ultimately came Monday at a low of 4.43.

We want to eye GEVO once again this midweek as premarket activity is carrying the stock past mid-$5 range.

Extended Watchlist:
BVXV, FCSC, SPPI, CGTI, PBR

Blue Horseshoe Stocks: Winning TSLA Calls, VGGL Recap & More

Tesla Motors, Inc. TSLA – Options

On Friday we mentioned some longer-term options-trading ideas for TSLA Calls, and it didn’t take more than a couple trading days for them to bear fruit.

As our regular readers are aware by now, we often like to monitor an entire range of strike prices following a key development, and TSLA’s earnings release last midweek provided the fuel for our success in this case. We pointed to 05/22 $230-240 Calls, and every set of contracts in that range made a sizable run from their lows on Friday to impressive highs during yesterday’s session. Here’s a breakdown of their performances:

$230 Calls  – Friday’s Low: 6.85 – Yesterday’s High: 13.50 (Closed: 10.30) – Max Gain: 97%

$232.50 Calls  – Friday’s Low: 5.32 – Yesterday’s High: 11.25 (Closed: 8.65) – Max Gain: 111%

$235 Calls  – Friday’s Low: 5.96 – Yesterday’s High: 10.60 (Closed: 8.70) – Max Gain: 78%

$237.50 Calls  – Friday’s Low: 3.16 – Yesterday’s High: 7.60 (Closed: 5.00) – Max Gain: 140%

$240 Calls  – Friday’s Low: 3.84 – Yesterday’s High: 7.50 (Closed: 5.75) – Max Gain: 95%

We are pleased with the progress we’ve seen thus far in these contracts, and we’re interested to see what the next nine trading days will bring leading up to their expiration.

Viggle, Inc. VGGL

Our next order of business this morning is to point out the solid move made by VGGL after we included the stock in yesterday morning’s extended watchlist. Catalyzed by favorable quarterly results (link below), it traded in a range from 3.00 to 4.24; a very respectable intraday move of 41%.

The spike came on roughly 25X the 3-month average volume and VGGL managed to close in the mid-3.70’s, holding the majority of its daily gains. Whenever we see a confluence of these two phenomena, we always want to keep our eyes peeled for a carryover of momentum into subsequent sessions.

52% Year-over-Year Revenue Growth and 116% Increase in Net Registered Users as Viggle Celebrates Its Three-Year Anniversary (Mon, May 11)

Plug Power, Inc. PLUG

Our longer-term subscribers might remember the epic run we tracked in PLUG when we caught the stock coming off its all-time lows near a dime back in 2013. The lowest price we observed following our initiation of coverage on this play was .135 on 02/28/13. It led us on a long and exciting journey to a high of 11.72 nearly a year later, and from then on has held a spot on our list of all-time best calls.

More recently, in 2015, PLUG has been on an overall downtrend that carried the stock to new annual low of 2.32. Yesterday, we observed PLUG coming up off of those lows and hitting a high of 2.65, so we’re going to re-radar this as a potential recovery play. If it can crack through the 50DMA of 2.66, we could be in line to see a more sustained uptrend.

We’ve illustrated the key resistance points on the following chart snapshot:

Extended Watchlist:
THLD, OCN, SPPI, INO, FRO

Blue Horseshoe Stocks: ICLD Update & More

InterCloud Systems, Inc. ICLD

We’ve been tracking ICLD continuously since last Monday, and after witnessing a low of 3.01 and subsequent run to 4.30 that day (+43%), the stock turned in quite an admirable performance for the week as a whole.

Following a dip back to 3.01 on Tuesday, ICLD would register higher highs and higher lows all week, which provided some excellent swing-trade opportunities. Tuesday’s intraday run carried ICLD in a range from 3.01-4.00, for chances at up to 33% in gains. On Wednesday the move was from 3.11-3.75 (21%). Thursday’s session brought a similar 22% gain as it pushed from 3.35 to 4.09.

The great weekly performance culminated in a new high being set on Friday as the stock touched a low of 3.65 before reaching 4.48. It marked another nice intraday spike (+23%) and an overall increase of 49% over our observed low earlier in the week.

The stock has traded up to the 4.30’s here in the premarket, so we’ll have ICLD on our watchlist as we kick off a new trading week, and we’ll be interested to follow the action. We’ll also remind our readers that the company has a conference call scheduled for Wednesday, the info for which you can obtain by clicking through the link to the PR below.

SHREWSBURY, N.J., May 8, 2015 (GLOBE NEWSWIRE) — InterCloud Systems, Inc. (ICLD) (“InterCloud” or the “Company”), a single-source provider of end-to-end information technology (IT) and next-generation network solutions, to the service provider (carrier) and corporate enterprise markets, through cloud solutions and professional services will hold a conference call to discuss its financial results for the First Quarter 2015. CEO Mark Munro and CFO Tim Larkin will participate in the call >> FULL PR

Extended Watchlist:
CDTI (News), CANF, CERE, VGGL, RXII

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