GCAN Archives - Blue Horseshoe Stocks

Another Huge Session of Gainers & More

Hot Options Review:

We tracked down some solid plays for yesterday morning’s premarket report, offering up our take on some potential targets we found interesting in the BBBY and STZ chains. Both companies showed heightened activity following their earnings releases, and were also pushed along by some decent intraday market momentum.

Our specific targets issued were the BBBY Weekly $29.50-31 Calls and the STZ Weekly $230-232.50 Calls, and they provided for the following single-session gain opportunities:

BBBY Weekly $29.50-31 Calls
$29.50: 2.06-9.70 (+371%)
$30: 1.26-9.25 (+674%)
$31: .74-8.29 (+1020%)
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STZ Weekly $230-232.50 Calls
$230: 5.50-8.60 (+62%)
$232.50: 3.19-6.05 (+90%)
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In Monday morning’s report we gave a couple sets of ideas in the CCIV options chain, and what we came up with was the CCIV Weekly $26 Calls and the CCIV 07/23 $27.50-28 Calls. Both the short and extended term contracts popped this week, giving us the chance to log sizable gains on these strong moves:

CCIV Weekly $26 Calls
$26: .50-3.05 (+510%)
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CCIV 07/23 $27.50-28 Calls
$27.50: 1.49-3.90 (+162%)
$28: 1.35-3.30 (+144%)

Western Sierra Resource Corp. WSRC – Recap:

We also would like to post a quick update on a stock we tagged and began tracking at the end of last week in our report on June 25th.

Subsequent to that alert, we have observed a run in WSRC from a low of .2045 up to a new high of .492. That works out to an increase of 141%, while volume significantly exceeded the 30-day moving average in each session over that span.

Earnings Related Options Ideas:
WBA Weekly $52-53.50 Calls
MU Weekly $82.50-83.50 Calls

Extended Watchlist:
ATHE, WNW, BGI, BLIN, CPOP, MEDS, CZNI, RNVA, JPEX, GCAN, TXTM, KATX, SDVI

Cannabis Stock Explosion in Progress

Aphria, Inc. APHA – Options Recap

Our sole point of focus in terms of fresh options plays in yesterday morning’s premarket report, was a tight range of calls in the APHA chain on the heels of the company’s earning report- the APHA Weekly $10-11 Calls to be exact. Despite a down day for the markets at large, we saw this cannabis stock buck the trend on the strength of increased price targets relating to the company’s impending merger with Tilray, Inc. TLRY, another pot stock with which we’ve had some experience in the past.

The gains on our target contracts for the day yesterday were quite impressive as you’ll see below, but based on the premarket activity we’re observing this morning, we expect the following ranges and total possible gains to explode at the open today. Read on to find the expanded set of targets that we’re going to formulate for APHA for today and into next week.

APHA Weekly $10-11 Calls
$10: .70-2.25 (+221%)
$10.50: .40-1.70 (+325%)
$11: .28-1.20 (+329%)

As we said above, we expect those figures to increase today, and going forward we’re going to add the APHA Weekly $13-14 Calls, and the APHA 01/22 $15 Calls into our pool of tracked contracts. We’ll also include the TLRY Weekly $21-22 Calls just for good measure.

We’re also going to include a wide range of OTC-traded cannabis penny stocks to track below, as the legislative environment is about to shift dramatically toward favorable conditions for federal reclassification, and the business opportunities it will provide should be like nothing we’ve seen to date.

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Fresh Options Idea:
W 02/12 $340-335 Puts

OTC Cannabis Watchlist:
GRNH, TRTC, CNGT, CBMJ, HEMP, SGMD, KALY, GCAN, HMPQ, INQD, MJNA, CCAN, OWCP, UAMM, DKMR, AMMJ, SRNA, BUDZ

CNGT Recap, Fresh Options

Cannagistics, Inc. CNGT – Recao

We have been tracking CNGT for a couple of weeks now, first mentioning the stock in our report from the morning of October 20th, and including it in our watchlist once again to kick off the week yesterday morning.

CNGT was trading for as little as .0045 following our initial alert. Yesterday the stock reached an impressive new high of .0295, marking an overall increase of 555% in a span of just ten trading days. Even those of our readers who only caught our premarket tag of CNGT yesterday morning, still witnessed an intraday run from .0185 to .0295, for gains of up to 59%

Options Review

As usual, we signaled some fresh options ideas in our report yesterday morning, and we got some nice activity out of the CLX Weekly $207.50-212.50 Calls and the NIO Weekly $32-34 Calls.

Here were the total possible gains on the day from those targets:

CLX Weekly $207.50-212.50 Calls
$207.50: 7.29-13.99 (+92%)
$210: 5.72-12.00 (+110%)
$212.50: 4.40-9.80 (+123%)
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NIO Weekly $32-34 Calls
$32: 1.52-2.43 (+60%)
$33: 1.14-1.87 (+64%)
$34: 1.31-2.79 (+113%)
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Fresh Ideas:
CGC Weekly $20.50-21.50 Calls
SPY 11/04 $332-334 Calls
RACE Weekly $187.50-192.50 Calls

Extended Watchlist:
ZVTK, INNO, NPHC, GCAN

More Hot Options Plays

Options Review:

Our first targets of the week in Monday morning’s premarket report were AAPL and TSLA, as both stocks underwent a forward split of their share structures, lowering their PPS values and getting a lot of fresh buyers coming into the mix.

We positioned ourselves accordingly with ideas for each chain, with the TSLA Weekly $447-455 Calls and the AAPL Weekly $125-127.50 Calls, and activity provided by the stock over these first two sessions of the week has provided us with the following gain opportunities:

TSLA Weekly $447-455 Calls
$447: 18.00-60.63 (+237%)
$450: 16.80-57.95 (+245%)
$455: 15.00-53.63 (+258%)
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AAPL Weekly $125-127.50 Calls
$125: 5.05-10.75 (+113%)
$126.25: 4.00-9.80 (+145%)
$127.50: 3.87-8.75 (+126%)

We’ expect to see these AAPL figures increase today, and we’re going to stick with the Apple chain this morning and roll our targeted strike area up to include the AAPL $136.25-137.50 Calls.

Fresh Options Ideas:
ODT 01/15 $17.50-22.50 Calls
GES 09/18 $13-14 Calls
LE 09/18 $15 Calls
VRA 09/18 $7.50 Calls

Extended Watchlist:
GCAN, DECN, SITS, AXXA, NWBO

4-Pack of Fresh Options Ideas

Options Updates

Despite a one day disruption on Tuesday to our near-perfect trading day attendance record over the last ten years, we got right back in the saddle yesterday, and back to full strength. We highlighted some possible options opportunities in yesterday morning’s newsletter, and among those were the UNH Weekly $270-277.50 Calls & the SPY Weekly $280-276 Puts.

UNH Weekly $270-277.50 Calls
$270: 6.00-13.11 (+119%)
$272.50: 4.21-11.15 (+167%)
$275: 3.30-8.99 (+172%)
$277.50: 2.39-7.50 (+214%)
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SPY Weekly $280-276 Puts
$280: 4.76-6.51 (+37%)
$279: 4.26-5.83 (+37%)
$278: 3.82-5.30 (+39%)
$277: 3.36-4.78 (+42%)
$276: 3.01-4.29 (+43%)
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We’ve also been tracking a longer-term set of ideas in the Johnson & Johnson chain, the JNJ 09/18 $150-155 Calls. The stock has been on a steady incline since we flagged this play last Tuesday morning, leading to the following moves:

JNJ 09/18 $150-155 Calls
$150: 2.90-9.00 (+210%)
$155: 2.27-6.70 (+195%)

Fresh Options Ideas

ABT Weekly $90-92.50 Calls
BBBY Weekly $4.50-5.50 Calls
TSM Weekly $50-52 Calls
SMPL 08/21 $20-22.50 Calls

Extended Watchlist:
SPXA, OZSC, GCAN, TLSS, GRNF, EDNT, SNGX, DYNT, XNET, VGTL