Tag: DFFN

Blue Horseshoe Stocks: SPY Puts

SPDR S&P500 ETF (SPY)

With a bearish market pattern continuing to emerge, we have to be ready to roll with the punches as best we can and use whatever momentum we can find, whether it’s upward or downward. Traditionally, the SPY has been our go-to in these kinds of instances.

It was just Tuesday morning that we signaled a range of five SPY Calls, which all produced big-time gain opportunities this midweek, ranging from 184-245% Now, with the markets looking to pull back once again, we’ll hop right to the other side of the fence and zero in on some SPY Puts to close out the week.

The targets that we’re going to be monitoring today are going to be the SPY Weekly $263.50-262 Puts*, which should work out nicely for possible quick-strike daytrades in the event that the premarket trends we’re observing do persist.

*NEVER trade options with a weekly expiration on a Friday unless you are an advanced level trader working with disposable funds.


Extended Watchlist:
ALQA, SGMS, EYES, DFFN, BEL, WPM

Blue Horseshoe Stocks: OREX Recap & More


Orexigen Therapeutics, Inc. OREX

On a day like yesterday, when the markets take an unexpected and brutal bath, it always helps to find a trend-bucker. Fortunately for us, all was not lost because we had included OREX on our watchlist in our premarket report.

Even as most other stocks wavered under the intensity of yesterdays bearish push, OREX ran from a daily low of .23 to a high of .39 for a 70% intraday run. It also closed with strength at .34, not too far below the area of a massive gap on the chart. We’ll definitely want to continue monitoring OREX, as even a partial filling of said gap would produce further gains of a significant magnitude.


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Bottom-Watch Plays

While we’re on the subject of bottom plays, we’re going to add both of the following to our working watchlist, as each one is extraordinarily oversold at the present time.

ReShape Life Sciences, Inc. RSLS
MoneyGram, International, Inc. MGI


Extended Watchlist:
AMPE, DFFN, CGEN, VATE, PLPL, CANB

Blue Horseshoe Stocks: AEZS Recap & More

Aeterna Zentaris, Inc. AEZS

It had been quite some time since the last time we mentioned AEZS in one of our reports, but were prompted to do so yesterday, after noticing some unusual premarket activity on our routine morning scan.

It’s certainly a good thing that we did, because the stock became our number one play of the day with an outstanding performance. It also happened to be the NASDAQ’s top gainer of the day. From an early low of 1.48 the stock shot up to a high of 2.80 shortly after 1:30, marking a single-session rip of 89%

The big move came on volume exceeding the monthly average by roughly 40 times, and the stock managed to hold well over half of its gains into the close, so we’ll be sure to leave AEZS on our radar as we head into the end of the week.

Marijuana Company of America, Inc. MCOA

Another point of focus for us yesterday was MCOA, which we signaled the previous morning, and subsequently witnessed a 38% (.02685-.037) upswing. We were mentioning that, along with the fact that an interesting PR had hit newswires which we felt could set the table for further gains, and we were correct in our assumption.

Perhaps also riding the wave of invigoration that has flowed back into the cannabis space as a whole over the past few sessions, MCOA continued its ascent, trading in a range from .0361-.0467 on the day. That was good for an intraday move of 29% and extended our two-session observed range on the stock to a respectable 74%


Sears Holdings Corp. SHLD – Options Idea

We’ve had some good fortune in the past with SHLD, and more specifically, its options chain. This morning, we’re spotting another possible opportunity on that front. The company will now be selling Kenmore appliances via Amazon.com, and as a result, the stock is gapping up over ten percent in premarket trading this morning.

To take advantage of the commotion, we’ll have our eye on the SHLD Weekly $9-10 Calls.

Extended Watchlist:
TEUM, ANY, AVEO, DFFN, HPJ, CAMT, BVXV