A New Earnings Season Commences

Moderna Inc. MRNA – Options Runners: 

We closed out the week on Friday morning by highlighting the nice moves made by the August contracts we’ve been tracking since June 21st,  the MRNA 08/20 $195-210 Calls. Additionally, we included some fresh weekly targets in the MRNA Weekly $265-$280 Calls.

Despite a rather poor day for the markets in general, Moderna continued to add impressively to its recent bullish surge. The stock has been in a general upward trend for the entire year, but that really kicked into overdrive over the past week.

Here are the new highs and total increases posted by our August calls, as well as the intraday ranges and total possible gains on the weeklies. Very impressive figures across the board: 

MRNA 08/20 $195-210 Calls
$195: 23.50-93.23 (+297%)
$200: 18.00-88.85 (+394%)
$210: 13.55-78.66 (+480%)
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MRNA Weekly $265-$280 Calls

$195: 9.30-24.00 (+158%)
$200: 6.05-19.05 (+214%)
$210: 3.50-13.97 (+299%)
$195: 1.27-9.95 (+683%)


Fresh Options Ideas: 

Just a reminder, another earnings season is going to heat up quickly with hundreds of companies slated to report this week, hundreds more next week, and so on. The remainder of July and much of August should yield a wealth of opportunities in that department.

This morning we’re going to be looking at a potential post-earnings play in Auto Nation and a chart play idea for Airbnb:

AN 08/20 $100-105 Calls
ABNB 09/17 $135-145 Calls 


Extended Watchlist:
CYTK, NRXP, OXBR, AEHR, HIRU, LTNC, WOGI, SBES, NSAV, TXTM, KATX, CHNC

Form-4 Alert & More

Options Update

Following up with our fresh options ideas from yesterday morning’s premarket report, we already saw some nice moves in the SPY Weekly $324-325 Calls and the AAPL 10/09 $105-106 Calls and, chances are, we are going to see some further increases today as well.

Here is what they’ve managed so far, and take note that we also want to add the AAPL 10/09 $110 Calls into the mix as well.

SPY Weekly $324-325 Calls
$324
: 3.17-5.96 (+88%)
$325: 2.71-5.26 (+94%)
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AAPL 10/09 $105-106 Calls 
$105: 4.25-8.07 (+90%)
$106: 4.00-7.45 (+86%)
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Fresh Options Ideas:
AZO Weekly $12.25 Calls


89Bio, Inc. ETNB

We are going to place ENTB on a bottom watch today after noticing a large Form-4 purchase toward the end of last week. A company director picked up an additional 1.3M shares at $28. Right now ENTB in trading in the $25-range.

This is an example of the kind of play we put on a longer term watch, despite most of our ideas being based on quick-strike opportunities.


Extended Watchlist:
ALYI, VNTH, GRST, HIRU, NPHC, JADA

Blue Horseshoe Stocks: HIRU, OWCP Recaps & More

Hiru Corp. HIRU

Yesterday we re-signaled HIRU, a stock we’ve mentioned a couple times in 2017 already, beginning with our very first report of the year, subsequent to which we would observe a low of .0011.

So far this week, the stock has really picked up the pace with two consecutive bullish sessions. Yesterday alone it traded in a range from .0021 to a new high of .0036 just prior to the close, putting in a 71% intraday move. From our observed low, it marks an overall upswing of 227%, not to mention the fact that it closed just a single tick below that high of day at .0035.

Such a performance definitely warrants continued observation on HIRU in sessions to come.


OWC Pharmaceutical Research Corp. OWCP

Speaking of late-day pushes, we got one out of OWCP yesterday, which ran from a morning low of .21 up to .2957. That is the highest we’ve seen it yet since our next most recent report on the stock which came in mid-November.  Following that, we would catch OWCP trading as low as .085. That means, at yesterday’s new top mark, we had witnessed an overall upswing of 248% in less than two months.

If we jump back slightly further to our report dated 09/29, you can see that we actually caught this one at the subpenny level (.0045) from which yesterday’s new high represented an earth-shattering 6471% (<–That is not a typo!)

Granted the fact that yesterday’s high was its highest recorded PPS since 2014, we’d have to designate this one as a blue sky breakout, and continue to stay on its trail. Like any rapid riser, awareness of a possible dip-and-rip at some point must be maintained as well.



Biocept, Inc. BIOC

We’re also going to want to keep tabs on BIOC after yesterday monumental move on the strength of an agreement the company struck with Blue Cross & Blue Shield of Texas (>>Read PR). It’s a potentially lucrative development, and that is really showing through with the resulting activity on the chart.

With the stock having shattered previous resistance yesterday, we’re going to be monitoring for a continuation of the terrific momentum buildup from yesterday, as well as the possibility for a subsequent dip-and-rip pattern that could provide us with healthy opportunities over the course of the next few days.


Extended Watchlist:
SDVI, CRTC, PMEA, OTTV, AEPP, LXRP

Blue Horseshoe Stocks: GIGL Review, Other Updates


Giggles N’ Hugs, Inc. GIGL

We’ve been hot on GIGL’s trail since tagging it in Friday’s premarket report, after catching it come off of a bottom. As of the end of that session, we’d witnessed a move of more than 350% from our observed low of .0053, to a high of .024, which occurred on record volume.

Yesterday we reminded our members to continue to keep tabs on the stock, and heeding that suggestion would have extended gain opportunities significantly with the daily performance that followed. GIGL managed to achieve a new high, trading up 140% intraday from .02 to .048. That new high mark represented a two-session swing of 806%

With the stock closing strongly at .035, we will of course be continuing to monitor its activity as we progress through the week.


Accelera Innovations, Inc. ACNV

We also tagged ACNV in yesterday’s morning report, and were pleased with the magnitude of the possible gains that were available there. The stock traded in a range from .008 and managed to hit .015.

That was the second subpenny play in as many days to crack the penny barrier on our watch (GIGL being the other), and it was good for intraday gains of up to 88% A strong close on healthy volume warrants further tracking in this instance as well.


Eli Lilly & Co. LLY – Options Update

On the 16th of last month, we formulated an extended-term options idea for LLY, and this morning, we’d like to take a second to update our readers on the level of gains that call has attained in recent weeks.

Our specific target contracts were the LLY 01/20 $75 Calls and the move we have observed in those has been quite good. A run from a low of .75 to as much as 2.50, which works out to total possible gains of up to 233%


Mountain High Acquisitions Corp. MYHI

We’ve got one last update this morning for MYHI. Last Wednesday, we tagged this stock, along with a varied group of several legal and medical marijuana plays, and just wanted to circle back to go over the fact that it has followed our expectations to the letter.

After the huge initial move we witnessed from .09-.239 (+166%) that first day, we followed up with an added caution, explicitly stating that “we expect a consolidation that should lead to a dip-and-rip pattern”.

That is exactly what has come to pass, as MYHI consolidated back to a low of .0909, before launching back to .175 yesterday. The move afforded us a chance to realize further gains to the tune of 93% on the rebound.

Along with MYHI, we’ll continue to watch several cannabis stocks, which comprise the vast majority of today’s extended watchlist.


Extended Watchlist:
OWCP, ENDO, LXRP, EDXC, CANL, PHOT, AMFE, HIRU

Blue Horseshoe Stocks: Yesterday’s Major Movers & More

It was a great start to the 2017 trading year yesterday, with multiple movers offering up opportunities for solid single-session gains. In addition to a handful of the stocks we were watching streaking their way upward, our options idea also fared well, with the markets in general kicking off the year on a strong note.

Mountain High Acquisitions Corp. MYHI – First up is MYHI, which exhibited a big breakout from a low of  .09 and running as high as .1745. That was good for the largest intraday gain, coming in at 94% and occurring on considerable volume.

We’ll continue to monitor the situation with MYHI, and possibly be on the lookout for a dip-and-rip pattern. Should the stock briefly come down off of these highs, there could be another opportunity to time the subsequent bounce. 
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Oceanic Research & Recovery Inc. ORRV – ORRV has continuously pushed the envelope since we first began talking about it a week ago today and yesterday was no exception. We observed yet another big run, with the stock jumping from .0019 to a new high of .0036. That goes down as an intraday pop of 89%, and extends our observed range on this play inside a week by a considerable margin.

As of the .0005 we witnessed last week, yesterday’s top mark represented a total upswing of 620%

*Side Note: Anyone who participates in our daily traders chats could have gotten in even lower the previous day, at .0003, from which point yesterday’s new high marked a move of 1100%  *Send a Skype contact request to “stocksumo” to participate in our in-session traders chats!
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Hiru Corp HIRU – Another excellent play was HIRU, which started the day off at a low of .0008 and persisted with a steady climb throughout the session to wind up closing at its high of day, at .0013.

That was a daily increase of  63% and of course, anytime we see a stock end the session at its high, we always want to be on the lookout for continued momentum.


ProShares Short VIX Short-Term Futures SVXY

Suspecting that the bullish premarket sentiment would spill over into yesterday’s trading session, we signaled some options in the SVXY chain, namely the SVXY Weekly $93.50-95.50 Calls.

While we didn’t sweep the range in terms of hefty gains, there was considerable open interest in two sets which allowed for significant profits- the $94 and $95 Calls. The $94’s ran from  2.30-3.64 (+58%), and the $95’s traded up from 1.75 as high as 3.39 (+94%)
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Abercrombie & Fitch Co. ANF – Fresh Options Idea

We want to signal a range of options ideas for ANF, which is just coming off of its annual lows, and showing some signs of a reversal.

We’ll want to be ready to take advantage of a recovery, by using the ANF 02/17 $12-15 Calls, which gives us several weeks for a rebound to materialize. That being said, the gain opportunities could come sooner rather than later, so we want to be mindful of that.


Extended Watchlist:
BTCS, CNXS, OMHE, VHUB, OXIS,
NUGT, JNUG(In-the-Money Weekly Calls)

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