Tag: AVDL

Blue Horseshoe Stocks: Stock Updates & More

DURRECT Corp. DRRX

We began tracking DRRX last month, with our initial alert coming on the morning of 08/07. Subsequent to that report, the stock recorded a low of 1.22, and yesterday, reached a new high of 2.46.

That works out to a clean double-bag move of 102% in a matter of six weeks. The stock has been on the rise for two months now, so we’ll be interested to see where it will ultimately find itself.

Avadel Pharma Inc. AVDL

We freshly tagged AVDL in yesterday morning’s premarket report, and while it didn’t make our heads spin, the stock did produce a solid intraday gain on our first day of tracking it.

From a low of 4.13, the stock reached a high of 5.37 on the day, which registers as a 30% upswing. We’ll continue to keep it on our watchlist as we head into midweek.

Fresh Options Ideas:
KMX Weekly $88.50-90 Calls
RH 10/25 $165-160 Puts

Extended Watchlist:
GHSI, JAG, OGEN, ALDX, OSTK

Blue Horseshoe Stocks: OSTK Update & More

Overstock.com, Inc. OSTK

On Friday, we identified a  pair of options targets for OSTK, the 10/04 $15.50 & 16 Calls. Despite falling to the low side toward the end of the day, there were some early opportunities for our designated contracts.

The $15.50 Calls traded up from 1.50-1.90 for a notable 27% intraday move, while the $16 Calls traded in a range from 1.40-1.96 (+40%).

With the late session dip, OSTK fell considerably, but we view this as no less than a buy-in opportunity on these very same contracts. We like the chances of seeing a quick rebound, and the potential for further gains out of these plays over the course of the next trading week or two.

Fresh Options Ideas:
ROKU 11/01 $115-118 Calls

Extended Watchlist:
MDR, AVDL, KNDI, OGEN, DRD, NTEC, CANF, PIRS, INPX