GEVO Archives - Page 7 of 8 - Blue Horseshoe Stocks

Blue Horseshoe Stocks: CYBR, MCP, MEIP & More

CyberArk Software, Ltd. CYBR

Our first experiences with CYBR were good ones, when we successfully called a couple of potentially lucrative options trades around the middle of last month. It was in our report from February 13ththat we targeted CYBR $50 and $55 Calls, and that day we saw moves in those contracts of 72% and 165% respectively.

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We flagged CYBR once again yesterday, which had previously been under several weeks of consolidation, yet was gapping up in the premarket. The stock did well in reversing its path, trading in a range from 50.79-55.03, and holding the majority of those gains into the close.

Our current options idea is going to be the 04/17 $50 Calls (Closed at 6.60 yesterday). Should CYBR reach its way back to the $60-level anytime in the next few weeks, the gains we see in those contracts will be quite substantial.

Molycorp, Inc. MCP

MCP appeared in yesterday’s extended watchlist and demonstrated a reversal of its own. We’re going to place MCP on more intensive watch as the week progresses, as it has the markings of a potential bottom play.

We’ve illustrated some of the key characteristics of the chart below, which appears to be gearing up for what could be a big swing. The stock ran well over a dollar at the beginning of last month, so the potential for rapid gains has certainly been demonstrated.

MEI Pharma, Inc. MEIP

We’ve also got an eye on MEIP after the stock was crushed down to a 52-week low yesterday, following the company’s announcement of the failure of its cancer drug in middle-stage testing.

A single-session depreciation on the order of 70% is the hallmark of one heck of a knee-jerk reaction, and the stock appears to be gapping up slightly this morning, so we’ll be on the lookout for a recovery in MEIP shares in coming days.

Extended Watchlist:
IMGN, ATOS ISR, HEB, GEVO, NEPT

Blue Horseshoe Stocks: AXN, JDST Recaps & More

Aoxing Pharmaceutical Co. Inc. AXN

AXN emerged as one of the day’s most interesting plays following its inclusion in Friday morning’s premarket report. After briefly touching an early morning low of 1.15, the stock would go on to register a subsequent high of 1.63.

That works out to an intraday increase of 42%, and it came on roughly fourteen times the three-month average volume.

After a fairly strong close (1.49) in which the stock held well over half of its daily gains, AXN appears to be gapping up slightly this morning, having risen back into the 1.50’s. This type of activity is characteristic of a classic “momo play”, so we’ll have an eye peeled for AXN as things kick off today to watch for a possible continuation of that momentum.

Pervasip Corp. PVSP

When PVSP appeared in one of our daily reports in late January, we referred to it as a super-subpenny ‘bottom-bouncer’, and it has held to that description in the truest sense over the past several weeks. Less than two weeks ago, the stock was trading at the lowest possible increment (.0001), and toward the end of last week it began to ramp its way up.

On Friday, there was a Golden Cross of the 50DMA over the 200DMA, and PVSP traded as high as .0009, which marks a rapid jump of 800% over our recently observed low. In order for us to remain interested in this play, it will need to maintain support at or above .0005 on any pullbacks.

Direxion Daily Jr Gld Mnrs Bear 3X ETF (JDST)

JDST made a modest yet notable move on Friday as well., This one also appeared on our extended watchlist, and we were pleased with its steady uptrend that lasted throughout most of the morning.

From an initial low of 11.40, the stock pushed its way to 12.60, a gain of 12%

Being a gold miners bear ETF, JDST saw this increase as the release of healthy jobs numbers and the Dollar at an 11-year high coincided closely with gold nearing a three-month low.

Extended Watchlist:
GEVO, AVEO, LBIO, OPXA, CTIC

Blue Horseshoe Stocks: RUSS & More

Direxion Daily Russia Bear 3X ETF (RUSS)

By now we all have at least a limited awareness of the conflict currently underway in the Balkans, but just in case, let us provide a brief synopsis.

Ukrainian forces in the country’s eastern region have been clashing with militant separatists, even despite a recent cease-fire agreement. The separatists desire a return to Russian rule, and it appears that the group’s efforts have been aided by the Russian government. As a result, heavy economic sanctions have already been placed on Russia, and it has been said that more are being explored.

The RUSS ETF trades with an inverse relationship to the Russian economy, so it’s conceivable that while Russia struggles with the economic repercussions of the conflict in the Ukraine, we could potentially see a protracted rise in this fund.

As you can see on the snapshot below, already it is showing indications of a reversal on the chart, exhibiting many of the characteristics of a prime bottom-play. As we kick off a new trading week, RUSS will be one of our primary items of interest.

Notable Mention From Friday

If you recall, we included a side note at the end of Friday’s report wherein we ventured that a market reversal and downturn could lead us to some interesting opportunities $22 UVXY Calls. While the markets overall continued their upward momentum, those traders who were quick on the draw could still have made a substantial profit from those contracts before they saw a pullback.

The $22 Calls made a strong initial push right out of the gate, running rapidly from 36-.63, a 75% intraday spike.

As you can see from the snapshot of the actual trade data of one of our top traders, significant profits were there for the taking early, even if one didn’t catch the low. From an initial block of $1860, he was able to cash out at the high of day for a 34% return in less than a half hour, leaving him with nearly $2500!

Extended Watchlist:
RIGL, BLDP, GEVO, BIOC, OCN

Blue Horseshoe Stocks: Great Start to the Short Week

Oncolytics, BioTech, Inc. ONCYJumping off of yesterday’s extended watchlist was ONCY, which not only produced a fruitful session yesterday, but continued to push its upper limits this morning as it touched a premarket high of .90.

After tagging this play yesterday, we witnessed a low of .57 before ONCY took off to set a daily high of .74 (+30%). As of this morning’s premarket high of .90, the stock had registered a total increase of 58%

Lucas Energy, Inc. LEI

LEI put up a pleasing performance as well yesterday. After being included in Friday’s report and making a move from .26 to .362 (+39%), the stock continued its trend, cutting a path from its daily low of .34 on up to .45.

That run marked an intraday gain of 32%, and an overall increase of 73% over our observed low on Friday.

Gevo, Inc. GEVO

GEVO, another inclusion in Friday’s watchlist, also made gains for the second consecutive session, trading in a range from .257-.30 (+17%). At its high, it registered as an increase of 49% from Friday’s low.

MagnaGas Corp. MNGA

MNGAalso appeared on our extended watchlist yesterday, and made a comparatively modest yet solid 16% move during yesterday’s session.

Yesterday’s Options Ideas

We focused on some longer-term ideas with the following two plays yesterday, and despite that fact, were very pleased with the immediate price action.

VASCO Data Security International, Inc. VDSI – The 03/20 $25 Calls we outlined in yesterday’s report made two sizable swings. First, from 5.11-7.10 (+39%) followed by a big pullback to 1.60 before it ripped back to 4.60, adding a huge intraday move equaling 187%

Similar action in the weekly calls at the same strike price (4.91-6.70, .72-4.21) could also have facilitated large gains.

Medtronic plc MDT – In MDT we zeroed in on the 03/20 $77.50 and $80 Calls, and both sets of contracts made big moves for us. The $77.50’s ran from a low of 3.70 and went on to touch 5.90, marking an intraday spike of 60%, and the $80’s would trade in a range from .36-.83, which is a 130% jump.

Like VDSI, our longer-term idea could have applied to the weekly contracts here as well.

Extended Watchlist:
ROSG, ANGI, MSN, CUR, NOR, RUSS (Potential Bottom Bouncer)

Blue Horseshoe Stocks: Options Review & More

Last Week’s Options Ideas

Heading into the end of last week we had already been on fire with our options calls in prior sessions, and the exciting trend of huge gain opportunities continued on Friday as well. We floated a couple of last minute daytrading ideas in the web security sector with the following plays, and were handsomely rewarded for our efforts:

CyberArk Software, Ltd. CYBR – With CYBR, we were especially interested in the $50 and $55 Calls. The trading range on the $50’s was from 3.30-5.90. and that registered as an intraday gain of 72% The $55’s saw an even larger move from a low of .85 on up to 2.25, for chances at gains in excess of 165%

FireEye, Inc. FEYE – For FEYE, we targeted the $39.50, $40, and $40.50 Calls, and once again saw our ideas go green across the board. The $39.50 Calls made a move from 1.28-2.96, increasing 131% intraday. The $40’s made a big leap as well, logging a 220% move up from .75-2.40. Finally, traders in the $40.50 Calls had the opportunity for a double-bagger also, with those contracts rising from a low of .59, and reaching their peak at 1.82, a 208% gain.

Gevo, Inc. GEVO & Lucas Energy, Inc. LEI

These two stocks were two standouts from Friday’s extended watchlist. Both plays offered notable intraday moves, and each of them is gapping up even further this morning.

GEVO traded in a range from .201-.24 for an intraday gain of 19%, and this morning’s premarket high of .28 updates that increase to 39%

LEI performed quite well on Friday also, recording an intraday move from .26 to .362 (+39%). Rising as high as .399 in premarket trading today reflects a total gain of 53% that we’ve seen from Friday’s low.

Earnings Beats to Watch

As most of you are aware we’ve had tremendous good fortune this earnings season using exceeded expectations as leverage in some incredible options trades. We’ve got another pair of potential targets this morning which just beat Wall St. estimates:

VASCO Data Security International, Inc. VDSI – Another play in the presently-popular data security industry, our interest in VDSI is currently in the 03/20 $25 Calls (Closed at 5.06 on Friday) We suspect that they will open significantly higher given VDSI’s gapping up in today’s premarket trading.

Medtronic plc MDT – Concerning MDT, we’re going to keep an eye on the 03/20 $77.50 and $80 Calls. That gives us just under a month before expiration, qualifying both of these options ideas as longer-term items.

Extended Watchlist:
IBIO, ONCY, SGNL, BIOC, MNGA