Tag: CLS

Big Options Wins, More Top Name Earnings Ideas

Remarkable Options Accuracy:

It was another incredible session for options trading yesterday. In our premarket report we had just been patting ourselves on the back for a clean sweep of all five of our options ideas from Tuesday, as well as formulating five fresh plays. Once again, we swept the board, with all of our targets producing sizable intraday upswings.

Those plays we were tracking on the day were the TXN Weekly $182.50-177.50 Puts, the UNP Weekly $225-232.50 Calls, the GOOG Weekly $129-131 Calls, the MSFT Weekly $340-337.50 Puts, and the BA Weekly $215-222.50 Calls. The daily positive movement and total possible gains that resulted were as follows:

TXN Weekly $182.50-177.50 Puts
$182.50: 6.35-9.05 (+43%)
$180: 4.35-6.50 (+49%)
$177.50: 2.46-4.41 (+79%)
_____

UNP Weekly $225-232.50 Calls
$225: 10.25-15.10 (+47%)
$227.50: 7.10-12.44 (+75%)
$230: 5.50-10.70 (+95%)
$232.50: 4.59-8.27 (+80%)
_____

GOOG Weekly $129-131 Calls
$129: 1.29-2.92 (+126%)
$130: 1.10-2.25 (+105%)
$131: .78-1.70 (+118%)
_____

MSFT Weekly $340-337.50 Puts
$340: 2.43-8.40 (+246%)
$337.50: 1.75-6.60 (+277%)
_____

BA Weekly $215-222.50 Calls
$215: 7.82-18.00 (+130%)
$217.50: 4.90-15.50 (+216%)
$220: 3.55-13.05 (+268%)
$222.50: 2.72-10.60 (+290%)

Fresh Options Ideas:
MCD Weekly $292.50-297.50 Calls
ABBV Weekly $141-144 Calls
META Weekly $322.50-330 Calls

Extended Watchlist:
MNK, CTCX, LPCN, TUP, XPEV, CLS, RYCEY, HGEN, GZIC, DDDX

Blue Horseshoe Stocks: More Bottom-Plays

Seres Therapeutics, Inc. MCRB 

It was a pretty slow start to the week yesterday with the markets gapping up early, but falling into decline throughout the session. That didn’t stop the one fresh idea we did have in our morning report from posting a respectable performance on the day.

We referred to MCRB as a ‘prime bottom play’ and while it didn’t exactly explode out of the gate, what we did see was certainly a step in the right direction. From a low of 2.63, the stock ran a modest but solid 16% to a high of 3.06. More importantly, it preserved its momentum by holding the three-dollar mark into the close. A good first day by any stretch of the imagination.

We’ll continue to monitor our longer term options idea that we included, the MCRB 07/19 $2.50 Calls which stand to do well in coming weeks if the stock can continue to maintain the current trend. Yesterday’s session was the fourth consecutive day that the stock has recorded higher lows, and we’ll want to see more of that moving forward.

Verastem Inc. VSTM 

Speaking of bottom plays, we’ve got another one to add to our radars this morning in VSTM. This stock has lost a ton of value over the past year, and recently began to show signs of a rebound. We like it for its technical setup and volatility potential. We will remain interested in tracking VSTM for as long as it can maintain support at 1.72 or better.

VSTM is considered by some to be a speculative buyout play as well. Just this week the company has reported positive early stage data on Copiktra, the company’s leukemia treatment under development. Definitely an interesting story to follow.

____

Celestica Inc. CLS

Perhaps even more attractive as a bottom play than the above mentioned stock, we’ve got CLS, which just began to show signs of life after recording a new annual low at the beginning of this month.

If the stock can manage to break its 50DMA at 7.09, there’s a real chance that it could produce significant gains, filling the gap to the topside on the chart. Interesting to naote about CLS as well, is that the company’s EPS has grown by nearly 90% over the past year. When taking that into consideration, its current valuation doesn’t make a whole lot of sense.

Extended Watchlist:
CBAY, DERM, SAVA, NERV, NDRA, PHUN, VIVE

Blue Horseshoe Stocks: Cannabis Reminder

Cannabis Reminder

With the cannabis counterculture holiday of 04/20 capping off this week on Friday, you can bet that our tracking of the cannabis sector is going to ramp up right along with many of these stocks.

It was back on the 4th of this month that we published an extensive list of marijuana industry stocks to track in anticipation of this event. For those outside the loop, “Four-Twenty” is a massive celebration each year on April 20th, to commemorate the cultural tradition of partaking in cannabis at 4:20pm on any given day. Cannabis companies use this as the perfect marketing ploy, and as a result, many do their highest sales of the year on the heels of this holiday.

A few of the plays we highlighted earlier this month have already begun to see appreciable moves on the chart. Take OWC Pharma (OWCP) for example. Since the 4th, the stock has increased from .20 to .30, a 50% rise in under two weeks.

We would expect to see similar, and even better gains coming from many cannabis stocks all across the board. That’s why we wanted to open up this week with a reminder to keep a close eye on anything even remotely tied to the space.

Just refresh, some of those stocks include, but are not limited to:

AGTK, HEMP, SGMD, SING, GRNE, GOHE, MCOA, MCIG, POTN, PNTV, RMHB, CANN, CBIS, ATTBF, GLDFF, GLNNF, NXTTF, MRRCF, SPRWF & CRON

Extended Watchlist:
SSC, NETE, ITCI, ERI, MBII, NAV, ONVO, LOXO, CLS