TSLA Options, CANN & Extended Watchlist

Tesla Motors, Inc. TSLA

It isn’t every day that we make options-trading picks, but when we do, they’re usually pretty accurate. On Wednesday, we floated the idea that the TSLA $165 and $170 Weekly Calls were looking attractive, and priming up for possible breakouts. As you can see on the following charts, that assumption proved to be a good one; both contracts would yield opportunities at multi-bag gains.

The $170 Calls were as low as .50 and hit a high of 3.85, representing a 670% move.

  The $165 Calls traded from a low of 1.55 up to 7.95 on Thursday, an intraday swing of 413%

In order to squeeze added gains from these contracts, we’ll need to see TSLA stock to hold support at or above 168.80, and we’re looking for a break of resistance at 172.70. Pre-market trades are currently going off in the 171.50-range.

Advanced Cannabis Solutions, Inc. CANN

CANN has been very good to us in the short while we’ve been tracking it (1st alert, 01/08, Low of 6.31). We’ve included it in every newsletter since Tuesday, and every day it has bulled its way to new highs. Yesterday, it hit 23.35, marking a rise of 270% from our initial alert, which came just six trading sessions ago.

This has been one cannabis stock that has sustained its trend quite well, even as movement in some of the others has slowed. However, just because the feeding frenzy we witnessed in the first week of the new year has calmed down, that doesn’t mean we’ve taken our eyes off of the sector. We expect pot stocks to continue to be one of the more popular items on the speculative trader’s agenda in 2014.

Sector Side Note: Easton Pharmaceutical, Inc. EAPH – One of the other marijuana stocks we’ve followed, EAPH had consolidated off of its recent big run and yesterday began to bounce. We might see more significant gain opportunities from EAPH if it can hold support above the .008-level.

Extended Watchlist:
ARIA, NIHD, PBMD, ARQL, KONE, EFUT

Blue Horseshoe Stocks: FREE, KNDI & CANN

FreeSeas, Inc. FREE
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FREE has been one of our favorite stocks in the past, having brought us prime opportunities at multi-bag gains. After consolidating off of its last big run, FREE settled back to find support in the low 1.70-range, and as of yesterday, had begun to bounce back, trading up from 1.75 to 2.30.

We’ve pointed out several key aspects of the FREE chart below, and will be monitoring the stock closely today for the possibility of further gains.

Kandi Technologies Group, Inc. KNDI

We’ve been tracking KNDI since July (From a low of 4.41) and have truly seen some monstrous gains as a result. On December 30th we reminded everyone that this was a story that we would want to follow into the New Year. We certainly hope our words were heeded, because the stock’s performance since that time has been nothing short of impressive. The next day, KNDI would bounce off of support at 10.85 and has since made an impressive run to a high of 15.15. That move marks possible gains amounting to as much as 40%

Not only did the stock recently get placed on NASDAQ’s Global Select Market, KNDI and CEO Hu Xiaoming were also featured on China Central Television’s (“CCTV”) English News Channel. -Watch the interview here.

Advanced Cannabis Solutions, Inc. CANN

We were especially glad to have continued mentioning CANN in yesterday morning‘s report. We had already observed a 30% move in the previous session (8.00-10.40), and the stock just continued to rumble upward. After seeing a low of 10.61, CANN would go on to run as high as 17.50. That was an intraday gain worth up to 65%

We’re still watching the situation closely, as CANN has jumped to more than 18.50 in pre-market trading this morning. From our original mention of this stock on January 8th, we’ve seen an astonishing run from 6.31. At the last-traded pre-market value, that’s an incredible increase of nearly 200% in just five trading sessions.

CHTP, TSLA, CANN & Extended Watchlist

Chelsea Therapeutics International, Inc. CHTP
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This is a bio-pharma play that we’ve mentioned in the past, which has been undergoing some interesting activity. The stock recently fell off of a cliff, coming down from nearly 4.50 at the end of 2013, to find a bottom in the high 2.20’s on Monday. It was halted for yesterday’s session over the release of an FDA-approval related PR (below), and has resumed trading pre-market this morning, already up over 150%.  It will be exciting to see how the pattern unfolds today. Rest assured, we will be laying in wait for what appears to be potential breakout conditions.

Tesla Motors, Inc. TSLA – Options Ideas

It’s been awhile since we delivered any options-trading ideas, and have noticed some potential with TSLA. The stock was on the move yesterday, punching over the $160-mark. We want to radar the $165 & $170 Weekly Calls (Expiring 01/18) for possible intraday flip opportunities.

For instance- The 170 Calls closed at 1.17 yesterday, and will most likely gap up this morning, to the tune of 100%. If we were to see a move to $180 out of TSLA, those contracts could potentially approach the $10-mark

Advanced Cannabis Solutions, Inc. CANN

CANN was among a group of pot stocks that we added to our tracking list last week, and even as some of the other marijuana plays have been searching out a bottom, this one has managed to sustain its uptrend. We mentioned that it was on the rebound yesterday morning, and from its open at 8.00, the stock managed to close at 10.40. That marks a single-session move of 30%

Extended Watchlist:
DTLK, ARO, STXS, HEB, ATRS