DRRX Archives - Blue Horseshoe Stocks

Monday’s Runners, 4 Fresh Possibilities

Monday in Review:

It was a pretty solid start to the week for us yesterday, with our premarket report yielding some ideas with nice gain opportunities for day traders. In the case of most of our monitored targets, we witnessed multibag intraday runs.

We had the SPY 07/28 $637-638 Calls, the RVTY 08/15 $95-90 Puts, and the EPD Weekly $31.50 Calls on our viewscreens, and they came through with the following upswings on the day:

SPY 07/28 $637-638 Calls
$637: .03-.20 (+567%)
$638: .21-.46 (+119%)
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RVTY 08/15 $95-90 Puts
$95: 2.41-3.08 (+28%)
$92.50: .28-.68 (+143%)
$90: 1.00-1.80 (+80%)
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EPD Weekly $31.50 Calls
$31.50: .03-.08 (+167%)

Fresh Options Ideas:
SPOT Weekly $657.50-652.50 Puts
MRK Weekly $81-80 Puts
UNH Weekly $277.50-275 Puts
CDNS 08/15 $360-365 Calls

Extended Watchlist:
DRRX, SLRX, CLDI, SRPT, STAI, SCNI, SOAR, WGS, TNFA, GIBO, SISI

DRRX Update, FDX Options

DURECT Corp. DRRX – Review

With one half session remaining before the midweek holiday hiatus, and the earnings calendar once again void of activity, we want to circle back to a recent mention of ours in DRRX. We placed the stock on our radar last month on the 12th, and in the roughly five weeks since, it had really begun to put up some solid performances.

Subsequent to its inclusion in our premarket report on 11/12, DRRX registered a low of 1.72, and yesterday the stock once again registered a new high of 3.00. That’s an overall increase of 74% The stock also closed just a few cents below its high of day, so we’ll continue to keep an eye on its activity.

FedEx Corp. FDX – Fresh Options Idea

FedEx recently reversed and bounced off of its lows, and now appears to be in position to begin filling a gap on the chart. In anticipation of this we are going to place a range of calls in the FDX chain on longer term watch.

We;re going to go out to the FDX 01/31 $157.50-160 Calls to continue to track through the holidays and into the new year.

Extended Watchlist:
EKSO, ZN, OGEN, PT, KOD, SLNO, VLRX, ITCI,

TNET Update & More

TriNet Group, Inc. TNET

In our premarket report on Halloween, we had identified a number of options ideas. One of the ones we put on a longer-term watch was TNET 12/20 $55 Calls, and it has been a really good idea so far.

TNET stock has been in a near-continual uptrend in the eight trading days since that report, and last week, we observed a number of Form-4’s (insider buying) being registered, which bodes well for the stock’s future performance.

In the meantime, we’ve seen a 113% move out of our highlighted contract set, from .80 to 1.70. That figure will continue to improve for as long as the stock maintains its impressive steady upward climb, with nearly six weeks until expiration.
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Fresh Idea:
ROK Weekly $195-200 Calls
DXC Weekly $30-32 Calls

Extended Watchlist:
IFMK, MTNB, MYOV, JASN, INFN, DRRX, AEIS, AMRN

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: Bearish Options, Bottom Play

Cracker Barrel Old Country Store Inc. CBRL – Recap

First up this morning is a quick recap of the fresh options idea we formulated for yesterday morning’s premarket report. We had designated the CBRL Weekly $165-170 Calls as our targets of interest.

Two of those three contract sets produced opportunities for multi-bag gains on the day, with the third not far behind:

$165 Calls – Range: 5.25-9.57 – Max Gain: 227%
$167.50 Calls – Range: 1.20-3.50 – Max Gain: 393%
$170 Calls – Range: .56-1.45 – Max Gain: 227%

DURRECT Corp. DRRX – Recap

DRRX is a play that we began tracking last month (08/07). Following that initial report, we observed the stock trading for as little 1.22.

In the four weeks which have followed, DRRX has been a steady riser, stair-stepping its way gradually up to its new high yesterday of an even 2.00/share. That works out to a very respectable rise of 64%

Neurotrope, Inc. NTRP

We also want to shine a light on the current setup of the chart on NTRP. Poor marks on for its Alzheimer’s treatment should have pushed it down quite a bit, but there seems to be no readily apparent reason why the stock should have fallen as low as it did following the lackluster report on the company’s clinical trials.

At present the stock is hugely oversold, and from a technical standpoint alone, could begin a reversal on little more than a breath of air. Indication from the MACD suggests convergence toward a bullish cross in the making. Should enough people catch on to the present scenario and load up cheap shares at current pricing, it could happen sooner rather than later. Even a partial fill of the massive gap on the chart would mean big gain chances.

Fresh Options Ideas:
FDX Weekly $157.50-155 Puts
UPS Weekly $120-119 Puts

Extended Watchlist:
SINT, VIVE, GHSI, OPGN, JAGX, ROAD, TTNP, BE