LEGX Archives - Blue Horseshoe Stocks

Blue Horseshoe Stocks: BAC, SEAS Recaps & More

Options Recap

We continued our run of success with options plays on Friday– three of the four ideas we offered ended up turning in notable intraday performances.

Bank of America Corp. BAC

Our BAC selection was new on Friday morning. After we noticed a PR alluding to an increase of the company’s massive share buyback program, we highlighted one set of options contracts in particular, the BAC Weekly $13.50 Calls.

We witnessed those trade in an intraday range from .16-.37, which represented a move of 131% ultimately proving to be our biggest runner of the day.

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United Parcel Service, Inc. UPS

Our designation of UPS April 8th $104 Calls was one of a pair of ideas that we formulated on Thursday which would carry their success into Friday’s session as well.

Those contracts rose from a daily low of 1.50 and ended up hitting 2.03 for an intraday move of 35%, and a two-session swing of 332% over our observed low of .47 on Thursday.
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SeaWorld Entertainment, Inc. SEAS

The other play from Thursday morning that we highlighted was the SEAS April 15th $18 Calls, and those too traded in similar fashion, putting up a nice intraday gain which also measured as a big increase from the prior session.

On Friday those contracts ran from 1.20-1.95, which marks a 63% intraday pop, and a total jump of 388% over Thursday’s low of .40.

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Our sincerest congratulations to all of our readers both old and new who have been following along with our regular options ideas. A vast majority of our picks in this arena in 2016 have been absolutely stellar, despite highly irregular and uncertain economic conditions. As always, we’re going to be doing our best to continue this pattern of success indefinitely.

LegacyXChange, Inc. LEGX

On the stock side of things, we had LEGX in our watchlist on Friday, and it managed a respectable intraday move. From an early low of .0243 the stock achieved an afternoon high of .0379; that was good for intraday gains of up to 55%

Extended Watchlist:
SCIE, PCSV, VPRO, STTX, LINE,

Blue Horseshoe Stocks: Options Roundup & More

Options Roundup

We produced three sets of options ideas in yesterday morning’s premarket report, and considering our recent track record with options plays, it should come as no surprise that we hit on some big gainers with all of them.

Petroleo Brasiliero SA (Petrobras) PBR

We’ve successfully come up with winning options ideas for PBR on so many occasions, we’ve lost count at this point. Our targeted contracts yesterday were the Weekly $5 and $5.50 Calls, and both sets recorded solid moves on the day.

For the $5’s we saw a nice run from .42-.77, an intraday swing of 83%, while the $5.50 Calls doubled that performance with a 166% pop from .12-.32.

We mentioned that the idea could serve for swing trades into today, and it appears as if PBR’s gap up will extend the gains we’ve seen thus far, especially considering that oil is presently at its highest price in months. In addition to staying on top of those 5.50’s, we’ll explore the possibility of rolling up our strike price to the 6.00-level. We’ll just need to see the stock hold support at its previous resistance point of 5.72 on any early pullbacks.

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United Parcel Service, Inc. UPS

The next idea we came up with was to take a look at UPS April 8th $104 Calls, which we found attractive for a number of reasons that we listed in our report, and those contracts put up a top-notch performance as well.

They started out from a low of .47 and would end up hitting a daily high of 1.50; gains of up to 219% were there for the taking.

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SeaWorld Entertainment, Inc. SEAS

We were very interested in Seaworld’s PR concerning the halting of the Killer Whale breeding programs and theater show phase-out yesterday(>>View PR). The announcement was received well by the investing community, as well as the company seeing goodwill on social media for doing the right thing- at one point on Twitter, #Seaworld was trending in the Top 3 for the US in the wake of the news.

We set our sights on SEAS April 15th $18 Calls, and were met with an excellent intraday gain opportunity as they ran 150% from .40-1.00.

Sparta Commercial Services, Inc. SRCO

We also want to give ourselves a pat on the back for SRCO, which we included in yesterday’s extended watchlist. The stock made a respectable intraday move for us, to the tune of 60% as it traded in a range from .003-.0048 on roughly six times the 3-month average volume.

Bank of America Corp. BAC – Fresh Options Idea

BAC is currently gapping up in the premarket on news that the company will be increasing the scope of their share buyback program, and we’re going to signal a set of options contracts for observation to correspond with that. We’re going to be taking a look at BAC Weekly $13.50 Calls for a possible daytrade*.

Bank of America Authorized to Buy Back Up to $800 Million Shares (7:42AM EDT)

*Don’t forget, trading weekly options contracts on a Friday is a very risky proposition, and is recommended for seasoned traders only.

Extended Watchlist:
DNR, CHK, WLL, XCO, GRPN, GDPM, LEGX, COTE(Possible bottom bouncer)

Blue Horseshoe Stocks: Friday’s Big Winners & More

Sandridge Energy, Inc. SDOC

SDOC was the focus of our closing thought in Friday’s premarket report, and the direct assumption we made about the likelihood of a rebound proved to be very accurate, to put it mildly. The nature of the premarket activity on the stock led us to believe that a bounce was imminent, as we pointed out, and the ensuing price action was quite impressive.

From an early low of .0339, SDOC soared as high as .085, for an intraday burst of 143%, and the move occurred on very heavy volume of more than 5X the monthly average.

It’s fair to mention that following its recent delisting from the NYSE to OTC, the company issued a statement citing that it cannot guarantee its listing and/or trading status moving forward. (View 8K) Those proceeding with speculation into the stock henceforth should do so with utmost caution.

LegacyXChange, Inc. LEGX

LEGX was another play from Friday’s watchlist to do very well on the day. It ran 68% from a low of .025 up as high as .042 on six times the average volume. It represented a momentary breach of the 200DMA, and the fourth consecutive session of higher highs and higher lows.

This is what we characterize as a low-float play; those stocks with tight share structures such as this one have the ability to make exactly the types of moves we witnessed on Friday when significant buying pressure is applied. We’ll continue to remain interested in LEGX provided it maintains support at or above Friday’s swing low at .025.

Sunshine Biopharma, Inc. SBFM

Last but not least among notable plays from Friday’s morning report is SBFM. We’ve been tracking this stock heavily since December 29th, and have observed it trading as low as .008 following that report. It has been on an epic uptrend since then, and managed to set new highs once again on Friday.

It started out trading as low as .023 and surged as high as .0375 for an intraday run of 63% and an overall move of 369% in the eight sessions since we first mentioned it to our readers. SBFM has achieved higher highs and higher lows in seven of those eight sessions.

As pointed out on the following chart snapshot, we’ll need to see SBFM maintain above its previous swing-low of .023 to hold our attention moving forward.

Extended Watchlist:
SRCO, AGTK, AVXL, APOL, SUNE,

Blue Horseshoe Stocks: STZ Update & More

Constellation Brands, Inc. STZ – Options Update

Our attention was drawn to STZ yesterday morning, because while the market in general was lagging, STZ was going against the grain with a premarket gap-up. We wanted to signal some calls in the STZ options chain that we felt would provide the chance for quick-strike profits, and ultimately settled upon STZ 01/15 $135-150 Calls.

Our idea turned out to be spot-on, with every set of contracts in our target range making appreciable intraday moves:

$135 Calls – Trading Range: 8.90-17.00 – Max Gain: 91%
$140 Calls – Trading Range: 7.30-13.40 – Max Gain: 84%
$145 Calls – Trading Range: 3.40-7.45 – Max Gain: 119%
$150 Calls – Trading Range: .95-3.90 – Max Gain: 311%

As we can see from those numbers, the heaviest action obviously fell at the high end of our specified range, and from this point on, we’ll be continuing to monitor the $150 Calls as well as possibly rolling up to the $155 Calls based on the gap-up we’re now seeing in today’s premarket activity.

Carolco Pictures, Inc. CRCO

It was just a couple of days ago that we were giving ourselves a pat on the back for putting CRCO on our radars back in mid-December, allowing us to witness the run it made earlier this week from .0011-.0054 (+391%).

Yesterday, the stock mananged another big intraday spike which carried it to new highs and increased our observed range on the stock considerably. From an early swing low of .0037 CRCO surged 170%, up to a new high of a penny. It marked an overall jump of 809% over Monday’s low.

Sunshine Biopharma, Inc. SBFM

SBFM is another play we’ve been tracking this week that has gone from subpenny to penny prices in a heartbeat, and it too set new highs during yesterday’s trading session.

The stock ran 85% intraday from .017-.0314, and that newly established high extended our overall observed range on SBFM from its low of .008 on the day of our initial alert on December 29th, to a whopping 292%

Fresh Options Idea – Based on this morning’s market activity we want to radar SPY Weekly $194.50-197.50 Calls for possible day-trade opportunities.

Bottom Watchlist Addition

Yesterday we put four stocks on bottom-watch, and we’ve got another potential bounceplay to add to that list. In this case the rebound may be forthcoming, as premarket activity suggests so we’ll keep a close watch over Sandridge Energy, Inc. SDOC which absolutely fell off a cliff yesterday.

Extended Watchlist:
RLTR, MJMJ, DDCC, LEGX