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Blue Horseshoe Stocks: Options Review, Other Updates

Options Review

Just to refresh our readers’ memories, we highlighted a range of call contracts for three separate plays on Friday, and we’re pleased to report that sizable gains were there for the taking regardless of which idea was chosen. It marked the continuation of a flawless streak of such ideas that we offered up over the past few weeks.

Our tracked calls and the magnitude of the gains that were available were as follows:

SPDR S&P 500 (SPY) Weekly $199-202 Calls – We’ve successfully played the SPY so many times it doesn’t even bear counting, and Friday was no different. From the low end of our range to the high, gains of 80-427% were made.

Finisar Corp FNSR Weekly $15 and $16 Calls – An earnings beat made the gains in FNSR calls possible, with the $15’s running 88%, and the $16’s making a 92% upswing.

Ulta Salon, Cosmetics & Fragrance, Inc. ULTA Weekly $175-185 Calls – Last but not least, we had the ULTA contracts on our watchlist bank gains running from 59-117%

Again, it was yet another great week for options, and we’ll be doing everything in our power to keep the streak alive with some more ideas this week so be sure to stay tuned!

Friday’s Stock Gainers

In addition to our great success with options plays from Friday’s morning report, we had a number of other intraday movers which were also highlighted.

Propanc Health Group Corp. PPCH

This was our top-billed mention on Friday, having been following it for most of last week. A string of solid performances led the stock on a great intraweek run to that point which spanned from our observed low of .0188 to .037 (+97%) in just a few sessions.

We saw even more gains tacked on there during Friday’s trading, wherein we witnessed another nice intraday pop from the daily low of .0355 to .0516 (+45%), and the high extended our total observed range to an impressive 174% in a matter of four sessions.

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Mexus Gold US (MXSG)

Mexus was another point of discussion in Friday’s newsletter, and it too saw appreciable gains on the day.

We’d already been very familiar with the stock after tracking over a more than 1000% move in early February. We then re-tagged it the Wednesday before last and subsequently witnessed a 61% swing from .011-.018.

Friday’s session brought a continuation of that run from .017 to a high of .0299, a 71% intraday rip, and increased the total swing range to 172%

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Spectrascience, Inc. SCIE

SCIE was included in Friday’s tracklist and the stock would end up trading in a range from .003 to .0047, for total possible intraday gains of up to 56% on slightly heavier than normal volume.

It also managed to close just a tick below the high of day, so we’ll keep an eye peeled for the possibility of momentum spillover into this new trading week.

GW Pharmaceuticals, Inc. GWPH

We want to pin GWPH to our tracklist after catching a significant PR coming across the wires this morning. Late-stage studies on a cannabidiol (CBD) treatment of a rare pediatric disease has yielded positive results, and the stock has thus far gapped up over 100% in the premarket.

We’ll take our classic stance of monitoring for a possible dip-and-rip situation and look to get positioned in some in-the-money Calls, dependent upon where the bounce occurs.

LONDON, March 14, 2016 (GLOBE NEWSWIRE) — GW Pharmaceuticals plc (GWPH) (GWP.L) (“GW,” “the Company” or “the Group”), a biopharmaceutical company focused on discovering, developing and commercializing novel therapeutics from its proprietary cannabinoid product platform, announces the positive results of the first pivotal Phase 3 study of its investigational medicine Epidiolex® (cannabidiol or CBD) for the treatment of Dravet syndrome. (>> FULL PR)

Extended Watchlist:
DDD, TFM, GBIM, HPTG, USAR, IEEC, ASTI, SVTE

Blue Horseshoe Stocks: The Week in Review

Looking Back on a Stellar Week

We couldn’t have asked for a better week of winning picks, especially coming off of a holiday weekend, so to wrap things up we’re going to go over all of our successful picks, and what kinds of moves they made.

GEI Global Energy Corp. GEIG

Of course the big winner for this week was GEIG, and in fact was one of our most successful picks in quite some time. We initiated coverage of GEIG on Wednesday, the stock opened up and saw a low of .0098 very briefly before exploding to a high of .08, a single-session move of 716% While it’s unlikely that traders could have picked up any of those sub-penny shares, the real action began around .015, still leaving the opportunity at a high number, with gains of up to 433% being very possible. The stock traded record volume.

Camtek, Ltd. CAMT

CAMT came off of Monday’s extended watchlist to perform exceptionally well for us, running from a low of 3.42 to 5.14, a solid 50% gainer on more than 40x its 3-month average volume.

GW Pharmaceuticals, Inc. GWPH

On Tuesday, we were talking about GWPH, stating: “Once we see a solid level of support established and GWPH begins to rebound, then we’ll be able to adjust our options-trading strategies accordingly.” Sure enough, the stock did indeed find solid support at 85.32. We would subsequently see an uptrend carry GWPH as high as 93.97. As a result, the $85 Weekly Calls traded in an impressive range from 4.30 to 9.60, a total possible gain of 123% while the $90 Calls made an even more impressive move. They would run from 1.55-5.69, giving traders a chance at profits up to 267% We’ll continue to watch those weekly contracts today for a possible intraday flip opportunity.

American Apparel, Inc. APP

This spring, we started reminding people that as the retail season approaches, APP is a stock that we traditionally play for nice gains every year. 2014 has proven no different. We saw a low of .51
out of APP on June 24th, and the stock has made more than a 100% move up, touching 1.05 during yesterday’s session. The retail season has yet to even kick into gear, and already we’ve been able to reap some excellent rewards from this retail stock; it will certainly remain on our watchlist as the summer begins to wind down.

Inception Mining, Inc. IMII

We first added IMII to our lists yesterday as a long term-mining play. We wanted the stock to hold support off of the 200DMA, and break resistance at the 50DMA, and that’s just what we got. The stock has made higher lows and higher highs over the past couple of sessions, so it appears we’re off to a great start with this one. On the chart, the RSI cracked above the 50-line, and the MACD is still heading for a bullish cross, so we’re still very interested to see what this play could do in the days and weeks ahead.

Extended Watchlist:
HALO, DGLY, JOEZ, EVRY, PBR

Blue Horseshoes Stocks: CAMT, GWPH & More

Camtek, Ltd. CAMT
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Hidden gems are quite often found in our daily Extended Watchlists, and yesterday CAMT was the standout play. The stock had a monstrously strong trading day, bulling its way continuously upward for the duration.

The landmark session started at a morning low of 3.42, and culminated at a high of 5.14 just minutes prior to the close. That solid move was enough to afford traders up to 50% in intraday gains, and it occurred on volume which was 40-times greater than the 3-month average.

The commotion was caused following an announcement that CAMT has launched its next-gen semiconductor product line, and apparently has already received advance orders from some unnamed “leading device manufacturers”. >>>Read the full PR here.

GW Pharmaceuticals, Inc. GWPH

The last time GWPH appeared in our reports was back on June 23rd. We were hailing it as being among our most successful plays of the year, as our prior tracking of the options chain had led to chances at gains amounting to more than 3000%

We pointed to a revitalization of the cannabis sector as one of our other primary reasons for being interested in GWPH, and the action of the stock in the couple of weeks since then proved that our assessment was warranted. Following a low of $88.73, we witnessed a subsequent 26% run to 111.46.

Over the past three sessions, GWPH has tapered back to fill a gap on the chart (as we point out below) so we are once again placing the stock on watch, to find support here, and potentially bounce back up over the $100-mark.

Once we see a solid level of support established and GWPH begins to rebound, then we’ll be able to adjust our options-trading strategies accordingly.

Extended Watchlist:
TXMD, GRPN, NURO, DNDN, CVM, LIVE

Blue Horseshoe Stocks: GWPH, MCRS, COCO & More

GW Pharmaceuticals, Inc. GWPH

We were hot on the trail of GWPH last week, first bringing to our readers’ attention on Tuesday, and following it pretty intensely after that. It was another winning call, and we were rewarded by huge gains in the options contracts that we were tracking.

If you refer to Tuesday’s report, we put the $80-85 Calls on watch. At the time, the $80 Calls were trading at a low of 2.80, and on Friday, they reached an incredible $15. That’s a mega-move of 471% in just four sessions!

The $85 Calls were even more impressive, starting out at a low of .35 following Tuesday’s tag, and absolutely skyrocketing to Friday’s high of 11.30. There aren’t enough superlatives to describe how pleased we were with that titanic run, which amounted to an intraweek increase of 3,128%

GWPH serves as an excellent example of why our daily coverage of the hottest opportunities on the markets has included more and more options plays than ever before. It is a great way to leverage relatively small moves by a stock, into what you can see are some astonishing chances for major-league gains.

An added note: Granted the fact that GWPH is a cannabis related play, we thought we’d mention the fact that New York just became the latest state to green-light a medical marijuana program for its residents. Between that, the upcoming 1st Annual WeedStock Conference in Denver, and the approaching start of Washington State’s legal sales, we wouldn’t be surprised if the marijuana sector began to pick up as we head into mid-summer. We’ll be keeping this and other related stocks on closer watch over the next several weeks.

MICROS Systems, Inc. MCRS

MCRS took off on Friday when word of a rumored buyout hit the street, and we now have confirmation that Oracle (NYSE: ORCL) will indeed acquire MCRS at a price of $68/share. We’re going to be peeking our heads in on this play as we kick off a new trading week.

The stock is gapping up close to the exercise price of the buyout this morning; often when we run across a situation such as this, the stock can have a hard time superseding the buyout price. However, if MCRS can get over the $68-mark, there could be some room left to the upside that would cause us to take interest in the $65-70 Calls.

Currently, the $65 Calls are trading at 3.75, and the $70’s are trading at 1.35- we’ll be monitoring those closely once we get a feel for how MCRS is going to respond.

Corinthian Colleges, Inc. COCO

COCO is catching our attention today as a stock that absolutely fell off a cliff last week, and appears to want to begin to retrace its steps, after bouncing on Friday, and continuing to gap-up in the pre-market this morning.

We always like to follow plays like this one closely, as stocks in recovery-mode have rewarded us time and time again in the past. News out today reported that the company will be receiving the necessary funds to continue its daily operations.

SANTA ANA, Jun 23, 2014 (GLOBE NEWSWIRE via COMTEX) — Corinthian Colleges, Inc. (Nasdaq:COCO) announced today that it has reached a memorandum of understanding with the U.S. Department of Education (the “Department”) that maintains uninterrupted daily operations at its schools, until the Company and the Department finalize a more detailed transition plan. Corinthian currently serves about 72,000 students at 107 campuses and online. >>> FULL PR

Extended Watchlist:
LGBS, LSG, CENT, CRIS, PLXT, AZC

Blue Horseshoe Stocks: AUMN, MEET & Options Calls

MeetMe, Inc. MEET
&
Golden Minerals Corp. AUMN

Both MEET and AUMN were winners off of yesterday’s extended watchlist, with each stock making nice intraday runs that traders could have used to their advantage.

AUMN’s move was the larger of the two, with the stock trading up from its early morning low of .72, and reaching as high as 1.00 before lunchtime. That made gains of up to 39% possible for anyone riding the wave.

We may want to keep AUMN on our radars for a longer period of time, as the PR which catalyzed yesterday’s move up contains some intriguing information. We’re going to be interested to follow along with that storyline. We suggest you read the full text of the announcement by clicking the link in the except below.

GOLDEN, Colo., Jun 18, 2014 (Canada NewsWire via COMTEX) — Golden Minerals Company (“Golden Minerals” or the “Company”) (NYSE MKT: AUMN) (TSX: AUM) today announced plans for a July 2014 restart of mining at its Velardena Properties located in Durango state, Mexico. Once mining and processing are ramped up to approximately 285 tonnes per day (tpd) of sulfide ore in mid-2015, the Company expects output of approximately 1.0 to 1.2 million silver equivalent ounces per annum (including silver and gold but excluding lead and zinc), with cash costs between $12 and $15 per silver ounce net of by-product credits. >> FULL PR

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MEET’s intraday run was a bit more modest coming in at 19% as the stock ran from 2.06-2.45, but the opportunity was still present. The spike came on high volume, and the stock held the majority of those gains into the close, so we may want to keep tracking this one as well.

Tracking Our Options Calls

We’ve had so much success with options this week, that the chances are too many to list! As of yesterday premarket, our total possible percentage gains had already pushed well into the thousands, and that figure only increased throughout the session. Each of the three primary chains we’ve been playing this week executed classic dip-and-rip scenarios, and virtually every set of Calls we’ve been watching made sizable moves.

Petroleo Brasiliero S.A. (Petrobras) PBR

3D Systems, Inc. DDD

GW Pharmaceuticals, Inc. GWPH

From the One Week charts below, you can see just how significant the swings have been in the Calls on each of these plays.

We want to continue monitoring these charts regardless of which way they appear to trend, as every pullback we’ve seen thus far has provided us with chance to play the dip-and-rip. With the Fed’s stance on tapering and not raising interest rates anytime soon, it could continue to feed what has been an absolutely historic bull market.

Extended Watchlist:
NOK, APP, STEM, BLDP, BIND, ALDX,