Tag: GALT

Blue Horseshoe Stocks: CGC Bull Run Continues

Canopy Growth Corp. CGC

Ever since Constellation Brands’ (STZ) added a multi-billion dollar block to its stake in CGC, the corresponding options idea we put out on Wednesday morning  continues to pile on new highs.

Our designated targets were the CGC 09/21 $30-40 Calls, which as of yesterday morning had already produced chances at gains ranging from 150-350% Those ranges were extended by a wide margin thanks to yesterday’s activities.

$30 Calls – Range: 1.76-7.70 – Max Gain: 338%
$35 Calls – Range: .56-3.90 – Max Gain: 596%
$40 Calls – Range: .16-1.75 – Max Gain: 994%

(Note: The 32.50 and 37.50 calls didn’t trade much volume until yesterday session, where they too produced sizable gains)
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Fresh Ideas:
TJX 09/21 $105 & 110 Calls 
GDX 09/21 $18.50-19.50 Calls

Extended Watchlist:
GALT, AMDA, ATIS, OHGI, JMU, NVDA, NFLX

Blue Horseshoe Stocks: TSLA Options & More

Aegean Marine Petroleum Network, Inc. ANW

Despite the holiday lull this week, we did manage to unearth one interesting play coming off of 4th of July break, which was the sole focus of yesterday morning’s premarket report.

Apart from the big news of a $1B refinancing plan (>>View PR), ANW was exhibiting the telltale signs of an oversold stock ready to rebound, and sure enough, it moved to partially fill the large gap on the chart to the upside. The stock traded from a low of 1.22 and subsequently hit a high of 2.05, which represents an intraday upswing of 68%

The stock fell just a penny shy of its 50DMA yesterday, and with a significant portion of its gap still left to fill, we’ll want to continue to track its movements for the time being.


Tesla, Inc. TSLA

We’ve had our eye on TSLA for the past few sessions as the stock was spiraling downward. At this point in time, we feel it too may in line for a forthcoming recovery swing, and w want to have an options idea handy for such an event.

We’re going to signal our interest in following the TSLA 08/02 $300-315 Calls in the days and weeks ahead.


Galectin Therapeutics, Inc. GALT

We caught GALT for chances at some really nice gains last month as we tagged the stock on June 12th at a low of 5.83. It went on to register a high of 9.49 (+63%) in the days following that report,. After a period of consolidation of leading into this week, the stock has begun to show signs of perhaps its next leg up.

We’ve pointed out why we’re attracted to the current setup of the chart on the snapshot below:

Extended Watchlist:
RGSE, ACET, CCCR, GLBS, ABIL, BPMX, PRAN

Blue Horseshoe Stocks: HEAR Review & More

Turtle Beach Corp. HEAR – Review

Our primary focus has always been to find near-term trading opportunities first, assigning longer-term calls a secondary priority. However, we’ve had quite a bit of good fortune this year in identifying stocks that have gone on to have considerable extended runs.

HEAR is one such stock, that we first signaled for observation on April 9th, at which time the stock was trading for as little as 2.76. Over the ensuing nine weeks, we have seen an incredible, near-continuous bull run that has resulted in new highs of 23.20 yesterday. That works out to an increase of 740% over a span of a little over two months!

Being in blue skies, there’s no telling what new highs we might see in HEAR; it’s certainly plausible to believe we may see our total observed gain reach a thousand percent at some point in the near future. At the rate things have been going, it’s certainly not an unreasonable thought.

H&R Block, Inc. HRB – Fresh Idea

We also want to provide a quick update on our bearish options idea from yesterday’s premarket report, the HRB Weekly $26-24 Puts. We formulated this range after noticing the stock getting kicked hard despite posting an earnings beat in the post-market on Tuesday.

HRB did gap down a little too far for the $26’s to see much action, but we had respectable chances to profit off of the other two contracts in the range. The $25 Puts ran from .65-1.05 for a gain of 62%, while the $24’s put up a double-bag performance with a 133% rip from .15-.35.

Galectin Therapeutics, Inc. GALT

We tagged GALT on Tuesday morning after noticing a big surge in activity, and its run has continued nicely over the course of the week.

We’ve now observed a solid 37% bullish move from 5.83-8.00, and will be on the lookout for the possibility of more new highs.

Extended Watchlist:
ENPH, CTRV, CODX, FCEL, ETSY, ONTX, MYSZ