Tag: GBSN

Blue Horseshoe Stocks: Options Update, New Idea & More

Valeant Pharmaceuticals International, Inc. VRX-  Options Update
 
We wanted to circle back to touch upon an update for the VRX 04/22 $32 Calls we initially slated for observation on Tuesday.  VRX trading activity allowed for us to witness a run from 2.90-3.90 that day, for possible gains of up to 35%

We stated as much in yesterday’s morning report, with the added reminder that we felt certain the scope of those gains would increase, and we were spot-on once again.

For the day we observed a move from 4.25-5.25, a relatively modest 24%, however as measured from the low we saw on Tuesday morning, it marked a two-day swing of 81%, so cheers to those of our readers who were following along with us on this play!

Tesla Motors, Inc. TSLA – New Options Idea

Up until yesterday’s session, TSLA had been enjoying an epic rally which began in early February, however, that began to fizzle out over the past couple of days. The stock now appears very top-heavy, and that was confirmed by a fall below its 200DMA yesterday.

In the event that this is a protracted backsliding event, we’re going to want to be ready with a corresponding options trading idea.  We’re going to zero in on contracts in the range of TSLA March 24th $220-215 Puts, which qualify as Weekly contracts*, as the markets are closed tomorrow.

*Please remember, trading weekly options contracts on a Friday is an extreme high risk/high reward proposition, and is recommended for highly experienced traders only.

Celator Pharmaceuticals, Inc. CPXX

CPXX was a point of focus for us last Wednesday, when we caught a hot PR hitting the wires, and despite the stock already being up considerably at that point, we were able to glean a healthy 41% gain out of the stock that first day (from a low of 6.44).

As we’ve kept observing the play over the course of the week, we’ve seen a continual stream of higher highs and higher lows, which culminated in a new high of 12.64 yesterday. In exactly one week’s time, we saw CPXX make an overall swing totaling 96%

Great Basin Scientific, Inc. GBSN

We also want to give ourselves a quick pat on the back for calling GBSN to our readers attention via our extended watchlist yesterday. The stock was experiencing highly abnormal activity due to some FDA News and despite gapping up to the extreme, we still saw a dip-and-rip which carried the stock on an intraday run from .222-.29, a 31% swing.

Extended Watchlist:
PTX, JDST, CNAB, GVSI, MLCG, SIPC, MAXD(Bottom-bouncer)

Blue Horseshoe Stocks: ADMD, VRX Updates & More


Valeant Pharmaceuticals International, Inc. VRX-  Options Update
 
When others are behaving as if the sky is falling, namely the analysts over at Piper Jaffray who recently blasted VRX, we’re on the lookout for for opportunities. We didn’t go along with the crowd, and went bullish on the embattled stock, and it turns out we had the winning hand.

We called Monday’s 52-week low the bottom, at least for the time being, and signaled the VRX 04/22 $32 Calls for observation. VRX had a boomer of a recovery session, running from 29.01 back to 32.05, and as a result our tracked contracts enjoyed a sizable intraday increase.  From a low of 2.90 they reached 3.90, a healthy 35% pop, and granted the fact that the stock appears ready to gap-up this morning, we expect that figure to expand appreciably.

Advanced Medical Isotope Corp. ADMD

This familiar stock was one of a pair of plays that stood out from the rest on yesterday morning’s extended watchlist. We’ve tracked this play on and off for well over a year, and came back to it at a good time to take advantage of the chart it’s been building.

We witnessed an intraday run from .003-.0042, marking a move of 40% which occurred on the heaviest recorded volume in almost a year, and the fourth consecutive session of higher highs and higher lows.

We also prepared a video presentation of the charts of each of the preceding plays:

Pan American Goldfields, Ltd. MXOM

We also had MXOM appear in yesterday’s watchlist, and it too enjoyed a modest but noteworthy move on the day. It went up from a low of .0068, reaching a high of .009. That worked out to a 32% intraday performance on approxiamtely qudruple the average monthly average volume.

KollagenX Corp. KGNX – Possible Bottom Bouncer

We’re going to pin KGNX to our tracklist today as well after noticing the stock showing signs of life off of its recently established 52-week low. We’ve highlighted the pertinent indicators on the chart below, and will continue to track its progress provided it continues to build higher base levels of support.

Extended Watchlist:
ENHT, EARI, KGKG, GBSN(FDA News)

Blue Horseshoe Stocks: GBSN Review, Options Update & More


SPDR S&P 500 ETF (SPY) – Options Recap

Our first options idea of this short week turned out to be a rousing success by all accounts. We noted the change in the tides regarding a general market rebound aided by a healthy surge for oil, and proposed a range of weekly contracts in the SPY to help us leverage some gain opportunities out of those conditions. We signaled our interest in the SPY Weekly $188-191 Calls and were met with some very good chances as the SPY itself steadily pushed from 187.63 to 189.81, closing very close to that high mark.

As a result, all eight of our observed contracts enjoyed significant surges. We’ll simply provide a range of the possible gains in the interest of time. The $188 Calls traded up from 1.64-2.65  for gains of up to 72% while at the other end of the spectrum, the $191’s ran 123% from .39-.87. Again- commensurate gains were available anywhere in that $188-191 Range. 

This morning it appears as if those figures will be extended as the SPY once again gaps up in the premarket, having already breached into the $190’s; we’ll be on the lookout for a possible dip-and-rip.  Another boost for the markets today would mark the first three-day rally of 2016.

Great Basin Scientific, Inc. GBSN

We had been passively monitoring GBSN for a bottom for quite some time when we finally decided to make mention of it in our morning report yesterday. The stock was in an overall downtrend for many months leading up to its all-time low which was recorded just last month.

We seem to have brought GBSN back into the fold at a very opportune moment, as yesterday marked one the stock’s largest single-session gains of the year so far. From its morning low of .1951, we watched as it shot to a daily high of .2698 which hashes out to a healthy intraday day pop of 38% on double its 3-month average volume.

Ideally we’d like to see GBSN maintain support above yesterday’s swing low while attempting to test the key area of current resistance at a previous swing high of .33.

Rockwell Medical, Inc. RMTI 

Another notable mover from yesterday’s session is RMTI, which managed a strong push over the first couple hours of trading. The stock traded from a daily low of 6.90 on up to 8.63 on approximately four times its 3-month average volume, which represented a respectable 25% move up.

We’ll continue to keep an eye on RMTI moving forward, especially in light of the interesting PR to hit wires this morning alluding to a potentially lucrative agreement that puts the company in line to market its treatment for end-stage renal and chronic kidney diseases in China.

Other Notable Gainers

Provision Holding, Inc. PVHO

We tagged PVHO for observation in our report dated a week ago today, meaning it took just four sessions for this idea to yield a great opportunity for a lucrative swing-trade. We observed a low of .084 subsequent to that alert and the stock hasn’t looked back since. It has set higher highs in each ensuing session, culminating in yesterday’s high of .18. That marked a move of 114% so cheers to anyone who was along for the ride!

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Horsehead Holding Corp. ZINC(Q)

We introduced ZINCQ as ZINC a couple of weeks ago before the Q was appended, and despite the bankruptcy status, we’ve seen quite the move out of the stock.

We showed up slightly early to the party, introducing it as a bottom-watch play on the first of this month, but that just ensured that we had a chance to position ourselves before the fun began. Our observed low subsequent to that initial alert was .06 just a couple days hence, and that eventually gave way to yesterday’s impressive new high of .335, which marks an epic 458% run.

Extended Watchlist:
PKGM, PFSD, MINE, AWGI, ATOS, RGLS, CTIC, FLXN