Blue Horseshoe Stocks: VXX Calls & More

Under Armour, Inc. UAA

Our targeted contracts for the UAA options chain worked out fairly well yesterday. We signaled the UAA Weekly $15.50-16.50 Calls. As the stock gapped up and ran over $17, it facilitated the following respectable gain opportunities:

$15.50 Calls – Range: .70-1.60 – Max Gain: 128%
$16 Calls – Range: .57-1.25 – Max Gain: 119%
$16.50 Calls – Range: .35-.85 – Max Gain: 143%

We’ll look for UAA to re-test its 200DMA as it did yesterday to potentially bring further chances, but as it stands, our ideas worked out very well for a single-session play yesterday, so we’re pleased with our calls either way.


iPath S&P 500 VIX ST Futures ETN (VXX) – More Options Ideas

There’s been quite a bit of turbulence in the markets as a whole recently, and this morning it appears as if we could be headed for another down day. If that is indeed the case, we’re going to set ourselves up with a new idea that could produce immediately.

The VXX trades inversely to the markets, so a backslide could effect significant chances to profit through the options chain. We’re going to put a tag on the VXX Weekly $46-50 Calls We’re going to want to look at the SPY as an indicator, and if it falls below 262.62, we’ll be actively tracking these VXX Calls.


Extended Watchlist:
ANDI, AGTK, POTN, IFXY, SGBI

Blue Horseshoe Stocks: DLCR Update, Options & More


Veeva Systems, Inc. VEEV –  Options Update

We closed out yesterday’s report with a fresh options trading idea in the VEEV chain, and were not disappointed with the results.

We focused on VEEV after the company posted a mammoth year-over-year sales increase in its premarket earnings report. Our specific targets of interest were the VEEV Weekly $39-42 Calls and it came as no surprise to see solid intraday gain opportunities from each and every set of those contracts.

$39 Calls – Range: 1.55-2.25 – Max Gain: 45%
$40 Calls – Range: .85-1.53 – Max Gain: 80%
$41 Calls – Range: .50-.90 – Max Gain: 80%
$42 Calls – Range: .25-.50 – Max Gain: 100%


Kibush Capital Corp. DLCR

We placed DLCR on watch in yesterday’s premarket report, and were instantly met with chances for intraday gains by this subpenny swinger. From its low of .00297 first thing in the morning, the stock eventually reached a high .0046, representing a move of 55%

It marked the third straight session that DLCR has recorded higher highs and higher lows, and with a strong close at .0044, we’ll keep an eye out for continuation of the trend. For the stock to retain our interest it we’ll want to see it hold support at or above .0037 on any pullbacks.


Casino Stocks Heating Up – Options Ideas

After an unexpected increase in August gaming revenue in Macau (world’s largest casino hub) which broke a two year downtrend, we’re seeing a number of casino-related stocks that seem poised to perform really well, at least over the short-term.

The situation is leading us to put some options ideas on the table to correspond with current conditions:

Wynn Resorts Ltd. WYNN Weekly $92-94.50 Calls

Melco Crown Entertainment Ltd. MPEL Weekly $13.50-14 Calls

Las Vegas Sands Corp. LVS Weekly $51-52.50 Calls


Extended Watchlist:
ANDI, AWAW, CYTK, IMUC, MAXD, HDUP, SPU, ROKA

ICPA, RSRS, & Today’s Extended Watchlist

IC Places, Inc. ICPA

ICPA landed us at the top of Penny Stock Rumble’s winners list yesterday. It seems like there is never more than a few weeks in between our appearances on said list. With picks that come as early as and as fresh as we bring them to you, we’re bound to strike it big every so often!

The stock closed up 108% on Wednesday, right at its high of day (.0104) on abnormally high volume. .0104 marks 1200% gained from our first alert at .0008, and 316% from last week’s re-mentioning at .0025.

We also released this VIDEO CHART on Monday, after which time the stock touched .0041, before rising all the way to yesterday’s close (156%). We are on the lookout for additional gains, even being up this much. The level of volumne flowing through the stock is an extremely positive sign.

___

Regency Resources Inc. RSRS

RSRS has been getting a lot of paid newsletter attention lately. While we have not accepted payment for our coverage, we were, of course, on this one before any of them, because that’s just the way we do things around here.

The stock traded record volume yesterday, with nearly $4M changing hands; more than Monday and Tuesday’s action combined. This leads us to believe that the action may only just be beginning. RSRS challenged it’s previous high of 1.35, bumping into 1.32, before a string close at 1.22.

Yesterday’s News:
LOS ANGELES, CA, Apr 18, 2012 (MARKETWIRE via COMTEX) — Regency Resources, Inc. (OTCBB: RSRS) (“Regency” or the “Company”), a development stage media based company aiming to offer an in-depth portfolio of content for Internet TV distribution, is very pleased to announce the appointment of Mr. Bruce Venezia to the position of Vice President, Content Acquisition.

Mr. Venezia’s career spans 30 years in the sourcing, negotiating and licensing of independent programming for the home entertainment market.

___

Extended Watchlist:
ANDI, AGCZ, ECDC, DUTV, EEGC, SIRG