Tag: AMZN

Blue Horseshoe Stocks: GRLT Recap, Options Ideas & More

Healthy & Tasty Brands Corp. GRLT

In Friday’s morning report, we tagged GRLT, a super-subpenny play, for observation and the stock did make a nice initial move right out of the starting gate. It had been continually building a higher base level of support since the end of August, and continued that trend as it ran from .0005-.0007; a 40% jump. The move came on approximately 3X the 3-month average volume, and GRLT did manage to hold a PPS of .0006 into the close.

This is one that we’ll continue to watch for possible intraweek swing-trade opportunities in the near future. As we mentioned in Friday’s report, we’ll need to see it maintain support at or above the current 50DMA of .0004 in order for it to hold our attention moving forward.

Amazon.com, Inc. AMZN – Options Update

One of our main points of focus on Friday was an idea we formulated for the AMZN options chain. Looking at the activity on the AMZN chart as it was breaking out, we came up with an extended-term target of the AMZN 10/16 $550 Calls  and we saw some immediate response from those contracts. They traded in a daily range from 10.17 up to 11.89 marking a solid 17% increase.

If AMZN can continue its uptrend to the point of testing it’s annual highs, our targeted Calls will be pushed deep into the money, and in that case, would produce further opportunities down the road.

Apple, Inc. AAPL _ Options Idea

AAPL is gapping up this morning on positive pre-sale numbers for the new iPhone 6S Plus, and we’re going to go ahead and formulate an idea for some possible intraday/intraweek options-trading opportunities.

We want to signal our interest in AAPL Weekly $115-116.50 Calls on the heels of what could be a potential dip-and-rip scenario on the chart. Either way, we’ll be watching AAPL activity closely as we kick off this new trading week.

Extended Watchlist:
TBEV, ATHI, SANP, BPMX, ZUMZ(New 52-wk lows)

Blue Horseshoe Stocks: ZSPH Takeover Rumors & More

ZS Pharma, Inc. ZSPH

We’ve noticed some abnormal activity coming out of ZSPH yesterday on the heels of supposed talks of a takeover by Actelion,Ltd (ALIOY). The stock had already been in a general uptrend since the end of August, and really took off on confirmation from the company that it had indeed entered into talks to possibly be taken over in what it referred to as a ‘strategic transaction’.

When stocks surge so rapidly on non-material news, there’s always a good chance for seeing a classic dip-and-style style formation on the chart, so that’s what we’re going to be on the lookout for in this case.

To help us leverage the activity in ZSPH to our greatest advantage, we’ll formulate a corresponding options idea to monitor for intraday strike opportunities. Out specific target range will be ZSPH Weekly $75-85 Calls. We had monstrous success with some of our other recent options ideas, we’ll look to ZSPH to help us finish out this holiday-shortened week on a high note.

Bottom Watch Plays

Net Element, Inc. NETE –

The NETE chart has caught our eye this morning as one with the potential to produce a promising recovery play. The stock is trading at relative lows, having just logged it’s annual bottom last month. There is also a clear-cut example of a double-bottom formation on this chart, so we’re going to tag this stock for extended observation.

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Great Basin Scientific, Inc. GBSN

We’ve been tracking GBSN in hopes of catching its eventual bottom, and as of today we’re still waiting. We don’t want to let it slip off of our radars, however, because the chance for a hefty rebound when solid support is ultimately established is very high. The chart has recently reached egregiously-oversold territory as we’ve pointed out below. We’ll look for it to begin building higher lows and kick off its recovery.

Amazon.com, Inc. AMZN – Options Idea

We also want to formulate a quick options idea for AMZN. The stock is trading way below analyst estimates, so we’re going to be tracking a little bit of a longer-term idea. We want to keep a close watch over the 10/16 $550 Calls.(Last traded @ 10.17)

In order for us to remain interested in those contracts, we’ll want to see AMZN maintain support no lower than 499.74 (50DMA). In the event that it fails to hold above that threshold, we’d need to roll our strike price down to the $525’s of the same expiration date.

Grillit, Inc. GRLT – Super Subpenny on Watch

We’ve also identified a few bullish characteristics on the GRLT chart. This super-subpenny play has the look of a stock that could possibly break out. If it can maintain its PPS at a level no lower than the 50DMA of .0004, we’ll keep this one on watch for potential move in forthcoming sessions.

Blue Horseshoe Stocks: ITEK Recap, Options Ideas & More

Inotek Pharmaceutical Corp. ITEK

Our report for yesterday brought a couple of nice opportunities, with ITEK standing out as the most impressive. We caught this play on our routine morning scan, after noticing some abnormally elevated premarket activity. The company had released some information regarding its glaucoma treatment exiting Phase II studies and laying a strategic path for Phase III, and needless to say, it was very well-received.

This wasn’t a blink-and-you’ll-miss-it sort of move either, with just a small move up to start the session, ITEK traded sideways for most of the morning. Just prior to lunchtime is when we started to see the beginnings of an epic intraday run, especially for a stock in this price range.

From a low of  7.66, the stock exploded to reach a daily (and new annual) high of 16.75, standing as a single-session surge of 119%  The overall move as of this morning’s premarket high of 18.20 registers as an overnight increase of 138%  Cheers go out to any of our readers who caught our alert!

Inotek Pharmaceuticals Announces Positive End-of-Phase 2 Meeting with FDA and Phase 3 Development Strategy for Trabodenoson, a Novel Treatment for Glaucoma (Thu, Jul 23)

WindStream Technologies, Inc. WSTI

It was Tuesday’s Letter to Shareholders that caught our eye in the premarket news feed, causing us to raise a flag on WSTI that morning.

We’ve covered it every day since, and have been rewarded with incremental gains throughout, with the stock recording higher highs and higher lows each session. Yesterday, we witnessed an intraday run from .0172-.0244, which yielded the chance at gains of up to 42% on the day.

From our observed low on Tuesday (the 52-week low of .0085) we’ve now seen an overall jump in WSTI amounting to 187% in just three session’s time. Refer to the annotated chart below to evaluate WSTI’s chances of making further advances from this juncture.

Friday Options Ideas

If you recall last Friday, we came up huge with an alert on Weekly GOOG Calls.  We mentioned how time-decay at this point in the week begins to evaporate premiums in contracts with a weekly expiration, and generates a high-octane volatile environment where big gains are often there for the taking for those who can assume a higher-than-average risk.  A 694% intraday run from one of the sets of contracts we highlighted in that report was there to prove our point.

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We’re going to venture a similar set of ideas this morning for Weekly AMZN Calls in the $575-595 range. The stock is gapping up hard this morning to the tune of 20%, thus we will have our eyes peeled for a classic dip-and-rip scenario.

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We’re also going to put a marker flag on Weekly FB Calls from $96-50-97.50. The stock is rebounding off of a pullback over the past couple of days, after performing extremely well for the majority of this month.

Extended Watchlist:
AMDA, ACRX, CALA, ICLD, CRGP(news), HERO(52-wk lows)