Blue Horseshoe Stocks: ALDX Review & More

Aldeyra Therapeutics, Inc. ALDX

The big standout from yesterday morning’s premarket report turned out to be ALDX, which initially drew our attention with an abnormal volume signal, and the release of positive Phase 2a study data for a Dry Eye Disease treatment.

The stock recorded a continuously bullish pattern throughout the day, trading in an impressive range. From it’s early morning low of 6.60, the stock reached a high of 11.05 just prior to the closing bell. That’s an increase 67% on the day, on more than twenty times the monthly average volume. It also easily took the top gainer spot on the NASDAQ board for the session.

ALDX increasing in value by two-thirds in a single session worked well for us yesterday, but such moves also rare and often unsustainable events. It’s difficult to imagine a scenario where the stock doesn’t undergo a consolidation in the session or sessions to come.


Macy’s, Inc. M – Options Review

We want to swing back around for a recap of the performance in a set of Macy’s calls we made a few weeks ago as a longer-term options idea. Typically, when a stock seems set for an extended rebound, we’ll signal contracts whose expiration doesn’t occur for a longer period of time. In this case we highlighted the

It worked out nicely, with M stock making a steady increase over these last few weeks that facilitated a move in those calls from .60-1.37, which comes out to a respectable gain of 128%

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Fresh Idea:

We also look for quick strike chances as well, and may have one with Mirati Therapeutics, Inc. MRTX today after the stock soared following the presentation of positive cancer trial data at a conference in Chicago.

We’ll be looking for a dip-and-rip pattern off of this morning’s significant premarket gap-up, and will be tracking the MRTX Weekly $7.50 Calls* and possibly even the $10’s if it appears as if MRTX wants to break that ten dollar barrier.

*Never attempt to trade weekly options on a Friday unless you are A.) An expert trader and B.) Have money you can afford to lose. It’s an extremely risky proposition.


Extended Watchlist:
LPTH, ARRY, MBOT, ATOS, RXII

Blue Horseshoe Stocks: SFOR Update & More

StrikeForce Technologies, Inc. SFOR

Prior to including it in yesterday morning’s premarket report, our next most recent mentions of SFOR were last Wednesday and Thursday, giving all our readers plenty of time to catch the massive wave of momentum that has now carried the stock to new highs.

At that time we observed a low of .008 in the stock and in the ensuing four sessions it has managed to register higher highs and higher lows each day. The intraday range on the stock yesterday alone was .0134-.022, a solid 64% rip. Measured from last week’s low, we’ve now witnessed an overall upswing of 175% From our all-time observed low on this familiar play (.0036), yesterday’s high marked a 511% jump.

We’ll continue to observe for an extension of the pattern that has been established here, and remain interested as long as the stock maintains support above yesterday’s swing low.


Oroplata Resources, Inc. ORRP

We signaled ORRP for observation in yesterday’s watchlist, and the stock ended up making a really nice run into the close that was good for sizable intraday gains.

We noticed this one in a routine morning scan yesterday, however, as it is a stock that’s been heavily promoted in the past, we’d like to take this opportunity that our interest in it was purely fundamental. We are not connected in any way to any of the promotions/promoters that have ever gone out on this stock.

In terms of the move it made subsequent to yesterday’s mention, we saw ORRP traverse its way from .265 to .405, for a healthy intraday gain of 53% The stock closed just a shade below its high of day, so we’ll certainly be on the lookout for a continuation of momentum into today’s session.


Acorda Therapeutics, Inc. ACOR

The confluence of a newly-recorded annual low, some insider selling, and a sizable gap to the on the chart to the upside have us thinking about a longer-term options idea to correspond with a possible recovery.

The chart still appears to gearing down, so we could see some slight downside before this idea comes to fruition, but we want to signal and begin monitoring now to make sure we’re not late to the party

. We’re going to put a tab on the ACOR 10/18 $23-25 Calls to prepare ourselves for what could be quite a significant rebound once the stock finds a solid level of support from which to launch a rebound.


Extended Watchlist:
GNID, SGBY, PIRS, ARRY, ATNM, NAVB,

Blue Horseshoe Stocks: Recap of Friday & Much More

Friday’s Options Ideas:

We had our eyes on a handful of options trading possibilities on Friday, and we did see some significant moves to the upside emerge from that group. We’ll kick things off this week by outlining some of the opportunities that were available for traders within the price ranges we specified in Friday’s report:

Skyworks Solutions, Inc. SWKS
$94.50 Calls – Range: 1.26-3.63 – Max Gain: 188%
$95 Calls – Range: .84-3.20 – Max Gain: 280%
$95.50 Calls – Range: .60-2.28 – Max Gain: 280%
$96 Calls – Range: .53-2.36 – Max Gain: 345%

Expedia, Inc. EXPE
$99 Calls – Range: 1.43-3.60 –  Max Gain: 152%
$99.50 Calls – Range: 2.00-2.83 – Max Gain: 41%

FireEye, Inc. FEYE
05/08 $42 Calls – Range: 1.70-2.55 – Max Gain: 50%
05/08 $43 Calls – Range: 1.25-2.00 – Max Gain: 60%

It’s quite the task for anyone to provide just one worthwhile options-trading idea, and on Friday, we were three for three. It serves as a great example of why we like to mix plenty of these options ideas into our daily reports; the gains are out there, ripe for the taking! 


Advanced Medical Isotope Corp. ADMD

Our attention was drawn to ADMD this morning as it popped up on our news scanner; the company has come forth with information regarding an “error in the calculation of common shares that should have properly been issued, resulting in significant excess issuances of common stock”. It essentially boils down to an estimated positive impact of $0.8M on ADMD’s balance sheet.

We naturally took a look at the ADMD chart upon taking notice of this news, and as we point out with the annotations below, there are several indications of a bullish trend in effect. As a result, we’ll want to keep watch over ADMD as we begin this new trading week.


Rebound For Social Media Stocks?

LinkedIn Corp. LNKD and Twitter, Inc. TWTR were both crushed on disappointing earnings last week, and both stocks appear to be gearing up for a possible recovery this week. They’re both slightly in the green here in the premarket this morning, and we’ll be looking for potential swing trade opportunities that might present themselves in coming weeks with Calls bearing a 05/29 expiration date.

On LinkedIn Corp. LNKD we’ll be monitoring the 05/29 $200-210 Call range. The longer period before expiration gives the stock some time to sustain a comeback off of recent lows.

For Twitter, Inc. TWTR we’ll actively monitor the 05/29 $38-42 Call range for similar opportunities.


Extended Watchlist:
PBR, ICLD, ARRY, BIOC, CYNI, SCOK, IBIO, XGTI, NRTI(Potential Bottom-Play)