Tag: LOTE

Blue Horseshoe Stocks: New Options Ideas & More

Options Ideas

JP Morgan Chase & Co. JPM  – The first item on our agenda this morning is going to be to formulate an options trading idea for JP Morgan on the heels of the company’s earnings beat this morning, which has the stock gapping up here in the premarket.

We’re going to be zeroing in on the JPM Weekly $63.50-65.50 Calls for potential daytrades, and/or swing trades into tomorrow, depending on how the activity unfolds.

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Seagate Technology Holdings, Inc. STX – STX has recently been making a nice move after a large gap-up earlier this week. In the premarket it is pressing past the 200DMA(30.20) and looks as if it could continue to truck higher and fill the gap on the chart to $33.

We have a couple corresponding options ideas that could be in line for some nice gains; for daytrading opportunities this week, the STX Weekly $30-31 Calls, and the STX 07/22 $30.50-31.50 Calls for potential swing trades into next week.


Updates on Recent Interests

SAExploration Holdings, Inc. SAEX – Last week, we tagged SAEX as a bottom-watch play and after a few sessions of mostly sideways trading, the stock has finally begun to get some legs this week. The bottom, and our observed low, came in at .1385, and yesterday SAEX hit .298. That works out to a four session swing of 115%

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Gold Resource Corp. GORO –  We’ve been tracking GORO closely since we entered it into the conversation at the end of June. At the time we had observed a PPS low of 3.19, and yesterday the stock continued to push its upper limits with a new high of 5.50. That represents an overall swing of 72% and a new 52-week high as well. Firmly in blue sky breakout territory, we’ll continue to keep an eye on GORO.

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Lot78, Inc. LOTE – After tracking it to some nice gains last week, we saw LOTE pull back slightly yesterday, to a swing low of .016 before it rebounded 37% back to .022. We’ll look for the stock to retest our previously observed high of .03, the breaching of which would put this one into blue sky breakout mode as well!

Extended Watchlist:
IDNG, OBMP, SNWV, KNDI, MRNS, BCEI

Blue Horseshoe Stocks: Important Announcement


IMPORTANT ANNOUNCEMENT

Before we get down to our interests for today’s session, we wanted to give our readers a quick heads-up for Monday morning.

We’ll be presenting a special in-depth report on an intriguing cannabis stock with a diverse portfolio and an attractive backstory, so be sure to monitor your inboxes closely around 9:00am Eastern on Monday! The set-up on the chart should give us a great chance at kicking off next week on a high note.

Lot78, Inc. LOTE

Moving along to today’s report, we’ve got to provide an update on LOTE, which we’ve been tracking since Thursday of last week. At the time, the stock was trading as low as .0037, and the progress it has made since then has been nothing short of astronomical.

In fact, LOTE has pushed to new highs in each of the five sessions since we brought it to the table. Yesterday, it churned out its second biggest single-session move yet, running from the open at .013 up to .03, for intraday gains of up to 131%

The overall increase over our observed low from a week ago as of yesterday’s high comes out to 711%, so big cheers are in order for anyone who caught the wave! As long as the stock continues to record higher lows and higher highs, we’ll be keeping a close eye on it.


Fresh Options Ideas:

Bank of America Corp. BAC – With the markets ripping this morning off of impressive jobs numbers, we’ll be interested in checking out a couple of contracts in the BAC options chain. The stock itself is in a good position on the chart to continue its recent rebound, so we’ll be eyeing the BAC Weekly $13 and $13.50 Calls for possible daytrade chances. But remember what we always say, in terms of weekly options trading on Friday: For expert traders only!

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Barracuda Networks, Inc. CUDA – Following an impressive untraded-upon earnings beat yesterday afternoon, we are very keen to observe the activity in CUDA in sessions to come. We’re going to signal a couple sets of options contracts for tracking on this one as well, namely the CUDA 07/15 $15 and $17.50 Calls. These don’t expire until next Friday, so evaporating premiums won’t be an issue today.

Extended Watchlist:
BILB, CAFN, GRSU, FTPM, FPVD(Bottom bouncer)

Blue Horseshoe Stocks: LOTE Recap & More

Lot78, Inc. LOTE

Yesterday, as we were congratulating those of our members who had caught our tag of LOTE in last Thursday morning’s premarket report, which ran 70% from .0037- .0063 on Friday,  we mentioned that our continued interest in the stock was predicated on it maintaining support above .0046. Not only did it manage to do so, but what followed was a monstrous session that carried it from subpenny territory, on into Pennyland! It was a truly excellent way to kick off the short trading week.

From a daily low of .0052, LOTE roared its way to an afternoon high of .0152. a move of exactly a penny, which provided the chance at intraday gains of up to 192%  From our observed low of .0037 from the prior session, that represents a two-day swing of 311% The move came in conjunction with the stock’s third-highest trading volume of 2016, and the close came just two ticks below the HOD, at .015.

We’ll certainly have LOTE, which now qualifies as a momentum-play, near the top of our watchlist as we progress through this holiday-shortened week. On any pullbacks, we’ll want to see the stock maintain support above a penny.

BIND Therapeutics, Inc. BIND

Another solid pick from yesterday’s report came in the form of BIND, a company that had filed for Chapter-11 this spring.

We caught this one on the heels of its acceptance of Pfizer’s $20M stalking horse bid, in which the pharma giant intends to acquire most of the bankrupt company’s assets barring the submission of any higher bids when the assets go to auction later this month.

As for the opportunity that was present following our inclusion of the play in yesterday’s morning report, BIND traded in a daily range from .57-.79, a respectable single-session rip of 39%  We’ll continue to track this play in the event it can hold support above yesterday’s swing low.

Santa Fe Gold Corp. SFEG

On Friday morning, we marked SFEG for tracking, and what has followed is two big sessions of solid gain opportunities. Before breaking for the holiday weekend, the stock traded in a range from .0115-.0165 for an initial gain of 43%

Then yesterday, things really took off in a northerly direction as the stock traded up from .0194 to an impressive new high of .044. That came out to a single-session jump of 127% and a two-day swing amounting to 283%

With the stock firmly in blue sky breakout territory, we’ll want to continue to keep an eye peeled to monitor its activity going forward. Considering the kind of volatility we’ve witnessed thus far, a dip-and-rip scenario could be waiting to play out on the chart.
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Added Note: Speaking of gold plays, the markets experienced a selloff yesterday, and appear to be in line for another possible downturn today. As such, we’ll look to these gold-related stocks as a corresponding idea.

AngloGold Ashanti Ltd. AU and Royal Gold, Inc. RGLD

Extended Watchlist:
GCHK, TALK, SOUP, DCTH,