Blue Horseshoe Stocks: GNCA Review & More

OPTIONS REVIEW

We wrapped things up on Friday by going over some of our successes for the week,. and we also provided readers with a couple of quick strike options ideas for Friday’s session itself. It should come as no surprise, given the sheer numbers of winners we routinely unearth, that both of our ideas proved to be excellent chances to finish the week on a very high note.

Here are the ideas along with the total possible gains that could have been achieved on the day.

OKTA Weekly $111-113 Calls
$111 Calls – Range: 2.20-8.62  – Max Gain: 292%
$112 Calls – Range: 1.81-7.69 – Max Gain: 325%
$113 Calls – Range: 1.28-6.20 – Max Gain: 384%

BIG 06/21 $30-32.50 Calls
$30 Calls – Range: .15-.35   – Max Gain: 133%
$32.50 Calls – Range: .05-.15 – Max Gain: 200%
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SPY OPTIONS:
If the SPY can break 275.27, we’ll be looking at the Weekly $275.50 Calls, and if it falls below 274.50, we’ll be tracking the Weekly $274 Puts.


Genocea Biosciences, Inc. GNCA

We originally began tracking GNCA in our very first report of the new year (01/02) and we wanted to follow up with it now, five months later, as we are very impressed with where the stock has ended up. The stock actually set its 2019 low of 2.50 on January 2nd and it hasn’t looked back since.

By the end of February, the stock had doubled to five dollars, and now, it has doubled again. This morning in premarket trading, we’ve witnessed a new of 12.22 from GNCA, representing an total rise of 388% over our observed low. We’re going to be very interested to see what it’s going to do in this newfound blue-sky territory.


Extended Watchlist:
AMPG, MRTX, CYTR, AIMT, TRVN, APL, HEB, FSM, MYT, IGLD, VSTM, LODE

Blue Horseshoe Stocks: SPY, MAXR Recaps & More

Maxar Technologies, Inc. MAXR – Review

Despite what appears to be a significant downturn looming this morning, the markets as a whole posted a solid bullish session on Friday, and that helped one stock we’ve been tracking in recent weeks to record a new high for us.

We tagged MAXR for observation in mid-March, and before the end of the month, it had consolidated down to a low of 3.83. The month of April brought a fairly steady uptrend, and Friday’s strong performance kicked it up another notch. The stock hit a new high of 6.66, marking a move of 74% in just over six weeks. The stock filled almost the entire topside gap that was on the chart, and the RSI has just cracked into the Power Zone, so we’ll want to continue to keep an eye on its activity.



Sysco Corp. SYY – Options Idea

Despite continued China trade tensions throwing a wrench into the markets to start the week today, we are going to be looking a little further ahead with an options idea relating to the imminent golden cross on the SYY chart, combined with the company’s earnings beat posted this morning in the premarket.

The food wholesaler has a chance to break a double top, and we’re going to be ready with an options idea in the event that it manages to do so. Our highlighted targets are going to be the SYY 06/14 $69.50-71 Calls.
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Friday SPY Update: We signaled interest in the SPDR S&P500 ETF (SPY) Weekly $292.50 Calls on Friday morning, and those contracts traded up from a low of .53 to 1.76, which represented a single-session move of 232%


Special Note: Our extended watchlist today contains more penny stocks than usual. The OTC tends to heat up when uncertainty strikes the larger markets. We’ll have an eye peeled for interesting activity on that front.


Extended Watchlist:
ZIXI, NAFS, TMGI, TTCM, DAVC, SNYR, CTRV, RMTI, HEB

Blue Horseshoe Stocks: Options Success Continues

OPTIONS REVIEW

First thing’s first today, we’re going to highlight the total possible gains which have resulted from options ideas we’ve posted in our morning reports over the past three trading days.

On Friday morning, we slated the GlaxoSmithKline plc GSK 05/17 $41 Calls for observation, and have seen a very solid increase since then. The $41 Calls were trading as low as .32 the morning of our alert, and yesterday, reached a high of .65. That marks a three-day swing of 103% The company posted an earnings beat this morning, so we’ll continue to monitor for any further potential progress here.
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Yesterday morning, we flagged the Seagate Technology plc STX Weekly $46.50-47.50 Calls, and were met with instant good fortune with those ideas. The single-session gains on this set of ideas was excellent:

$46.50 Calls – Range: 1.02-2.25 – Max Gain: 121%
$47 Calls – Range: .75-1.65 – Max Gain: 120%
$47.50 Calls – Range: .75-1.35 – Max Gain: 80%
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Lastly, also in yesterday’s report, we had the GE Weekly $10 Calls, and those fared reasonably well also, trading in a daily range from .19-.35 (+84%).
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POST-EARNINGS OPTIONS IDEAS:
Apple, Inc. AAPL Weekly $207.50-210 Calls

CVS Corp. CVS Weekly $56-58 Calls


Extended Watchlist:
HEB, OCUL, MTOR, GRPN, SNGX, CRSP. IPHI