Blue Horseshoe Stocks

Blue Horseshoe Stocks: RUSS & More

Direxion Daily Russia Bear 3X ETF (RUSS)

By now we all have at least a limited awareness of the conflict currently underway in the Balkans, but just in case, let us provide a brief synopsis.

Ukrainian forces in the country’s eastern region have been clashing with militant separatists, even despite a recent cease-fire agreement. The separatists desire a return to Russian rule, and it appears that the group’s efforts have been aided by the Russian government. As a result, heavy economic sanctions have already been placed on Russia, and it has been said that more are being explored.

The RUSS ETF trades with an inverse relationship to the Russian economy, so it’s conceivable that while Russia struggles with the economic repercussions of the conflict in the Ukraine, we could potentially see a protracted rise in this fund.

As you can see on the snapshot below, already it is showing indications of a reversal on the chart, exhibiting many of the characteristics of a prime bottom-play. As we kick off a new trading week, RUSS will be one of our primary items of interest.

Notable Mention From Friday

If you recall, we included a side note at the end of Friday’s report wherein we ventured that a market reversal and downturn could lead us to some interesting opportunities $22 UVXY Calls. While the markets overall continued their upward momentum, those traders who were quick on the draw could still have made a substantial profit from those contracts before they saw a pullback.

The $22 Calls made a strong initial push right out of the gate, running rapidly from 36-.63, a 75% intraday spike.

As you can see from the snapshot of the actual trade data of one of our top traders, significant profits were there for the taking early, even if one didn’t catch the low. From an initial block of $1860, he was able to cash out at the high of day for a 34% return in less than a half hour, leaving him with nearly $2500!

Extended Watchlist:
RIGL, BLDP, GEVO, BIOC, OCN

Blue Horseshoe Stocks: Wrapping Up Another Great Week

The Priceline Group, Inc. PCLN – Options

After honing in on PCLN options last week as the Expedia/Orbitz buyout was calling massive attention to the sector, we were able find significant gain opportunities. This week, we were treated to continued upward momentum courtesy of Priceline’s earnings release, and the chances to profit have once again been plentiful.

Yesterday morning, we formulated a daytrading idea to watch Weekly PCLN Calls in the $1180-1225 range, and we were not disappointed in the price action that followed. Any of the contracts in that range would have served traders well. :

At the low end of the spectrum the $1180’s traded in a daily range from $24-42, an intraday increase of 75%, while the action closer to the money, like the $1220 Calls, was even more intense. As you can see on the screenshot below, there were multiple swings in those contracts. They first dipped to a low of 3.35 before exploding to 8.30 (+147%) followed by another pullback to 4.00 and a subsequent run back to 8.80 (+120%).

Ascent Solar Technologies, Inc. ASTI

Another big performer from yesterday’s pool of tracked stocks was ASTI. After tagging it in our premarket extended watchlist the stock registered an early low of 1.36 and ran hard in the last hour of trading, touching a high of 2.08. That represented an intraday increase of 53%, and it came on roughly 16x the 3mo. average volume.

CollabRx, Inc. CLRX

Also standing out on yesterday’s report was CLRX, which ran hard out of the gate and made an initial move from 1.67-2.74. That worked out to a spike of 64%, also on heavy volume.

Side Note:

After so much upward momentum, the overall markets could be looking at a pullback today, and even amid a hefty downturn there should still be options opportunities on the table. If that is indeed the case we may be taking a look at potential trades of SPY $210 Puts, or $22 UVXY Calls.

Extended Watchlist:
CRC, MEIP, CLSN, EPRS, SAAS

Blue Horseshoe Stocks: Options Ideas, Bottom-Bouncer & More

New Options Ideas

The Priceline Group, Inc. PCLN– It was just last week that we successfully targeted PCLN Calls in the $1065-1085 area, and already the stock has hurtled its way to its highest PPS levels since September. In this morning’s premarket the stock has traded as high $1225.75.

For a possible day-trade opportunities this week, we’re going to keep an eye on Weekly PCLN Calls in the $1180-1225 range, provided the stock can maintain support at or above $1175 on any pullbacks.

Tetraphase Pharmaceuticals, Inc. TTPH – TTPH is another morning gapper that we’re going to be transfixed upon this morning. In the midst of a ‘Superbug’ outbreak in California which is one of today’s top-reported headlines, TTPH, which is developing an antibiotic to combat these types of drug-resistant pathogens has become the subject of potential buyout rumors.

We’re going to monitor the TTPH $40 Calls for another possible short-term target as we head into the end of this holiday-shortened trading week.

Longer-term Ideas

In addition to the preceding short-term plays, we also have a couple of ideas for longer-term opportunities with GoPro, Inc. GPRO and Garmin, GRMN. Both stocks have seen significant pullbacks this week, and are showing symptoms of a possible rebound in the premarket with slight gap-ups.

We will want to radar March 20th GPRO $47 and $48 Calls (Closed at 2.50 and 2.08, respectively).

For GRMN we’ll be monitoring the March 20th $52.50 and $55 Calls (Closed at .76 and .30, respectively).

Atheranova, Inc. AHRO

We also want to tag AHRO this morning as a potential bottom-bouncer. The stock recently fell off of a cliff, and yesterday began to rebound off its newly-established 52-week lows.

We always keep our eyes peeled for stocks in this position, as we have used them to our advantage time and time again.

Angie’s List, Inc. ANGI

ANGI was a point of focus on yesterday’s extended watchlist, as well as a topic of discussion in our trading chatroom*. The stock made a big move from 6.45-7.80, a 21% intraday spike.

The accompanying options idea we floated in our chatroom* yesterday were the March $7.50 Calls,. which made a significant move from .25-.85, and will continue to garner our attention moving forward.

*Any readers who’d like to get involved in our trading chats in the future can do so easily! For either the Premium or the free chats, simply add “stocksumo” as a contact on Skype and request access!

Extended Watchlist:
ACHN, ARIA, ASTI, EXEL, CLRX, PAL

Blue Horseshoe Stocks: Great Start to the Short Week

Oncolytics, BioTech, Inc. ONCYJumping off of yesterday’s extended watchlist was ONCY, which not only produced a fruitful session yesterday, but continued to push its upper limits this morning as it touched a premarket high of .90.

After tagging this play yesterday, we witnessed a low of .57 before ONCY took off to set a daily high of .74 (+30%). As of this morning’s premarket high of .90, the stock had registered a total increase of 58%

Lucas Energy, Inc. LEI

LEI put up a pleasing performance as well yesterday. After being included in Friday’s report and making a move from .26 to .362 (+39%), the stock continued its trend, cutting a path from its daily low of .34 on up to .45.

That run marked an intraday gain of 32%, and an overall increase of 73% over our observed low on Friday.

Gevo, Inc. GEVO

GEVO, another inclusion in Friday’s watchlist, also made gains for the second consecutive session, trading in a range from .257-.30 (+17%). At its high, it registered as an increase of 49% from Friday’s low.

MagnaGas Corp. MNGA

MNGAalso appeared on our extended watchlist yesterday, and made a comparatively modest yet solid 16% move during yesterday’s session.

Yesterday’s Options Ideas

We focused on some longer-term ideas with the following two plays yesterday, and despite that fact, were very pleased with the immediate price action.

VASCO Data Security International, Inc. VDSI – The 03/20 $25 Calls we outlined in yesterday’s report made two sizable swings. First, from 5.11-7.10 (+39%) followed by a big pullback to 1.60 before it ripped back to 4.60, adding a huge intraday move equaling 187%

Similar action in the weekly calls at the same strike price (4.91-6.70, .72-4.21) could also have facilitated large gains.

Medtronic plc MDT – In MDT we zeroed in on the 03/20 $77.50 and $80 Calls, and both sets of contracts made big moves for us. The $77.50’s ran from a low of 3.70 and went on to touch 5.90, marking an intraday spike of 60%, and the $80’s would trade in a range from .36-.83, which is a 130% jump.

Like VDSI, our longer-term idea could have applied to the weekly contracts here as well.

Extended Watchlist:
ROSG, ANGI, MSN, CUR, NOR, RUSS (Potential Bottom Bouncer)

Blue Horseshoe Stocks: Options Review & More

Last Week’s Options Ideas

Heading into the end of last week we had already been on fire with our options calls in prior sessions, and the exciting trend of huge gain opportunities continued on Friday as well. We floated a couple of last minute daytrading ideas in the web security sector with the following plays, and were handsomely rewarded for our efforts:

CyberArk Software, Ltd. CYBR – With CYBR, we were especially interested in the $50 and $55 Calls. The trading range on the $50’s was from 3.30-5.90. and that registered as an intraday gain of 72% The $55’s saw an even larger move from a low of .85 on up to 2.25, for chances at gains in excess of 165%

FireEye, Inc. FEYE – For FEYE, we targeted the $39.50, $40, and $40.50 Calls, and once again saw our ideas go green across the board. The $39.50 Calls made a move from 1.28-2.96, increasing 131% intraday. The $40’s made a big leap as well, logging a 220% move up from .75-2.40. Finally, traders in the $40.50 Calls had the opportunity for a double-bagger also, with those contracts rising from a low of .59, and reaching their peak at 1.82, a 208% gain.

Gevo, Inc. GEVO & Lucas Energy, Inc. LEI

These two stocks were two standouts from Friday’s extended watchlist. Both plays offered notable intraday moves, and each of them is gapping up even further this morning.

GEVO traded in a range from .201-.24 for an intraday gain of 19%, and this morning’s premarket high of .28 updates that increase to 39%

LEI performed quite well on Friday also, recording an intraday move from .26 to .362 (+39%). Rising as high as .399 in premarket trading today reflects a total gain of 53% that we’ve seen from Friday’s low.

Earnings Beats to Watch

As most of you are aware we’ve had tremendous good fortune this earnings season using exceeded expectations as leverage in some incredible options trades. We’ve got another pair of potential targets this morning which just beat Wall St. estimates:

VASCO Data Security International, Inc. VDSI – Another play in the presently-popular data security industry, our interest in VDSI is currently in the 03/20 $25 Calls (Closed at 5.06 on Friday) We suspect that they will open significantly higher given VDSI’s gapping up in today’s premarket trading.

Medtronic plc MDT – Concerning MDT, we’re going to keep an eye on the 03/20 $77.50 and $80 Calls. That gives us just under a month before expiration, qualifying both of these options ideas as longer-term items.

Extended Watchlist:
IBIO, ONCY, SGNL, BIOC, MNGA