Tag: LTNC

Blue Horseshoe Stocks: Fresh Options Ideas & More

Options Ideas

With stocks characteristically lagging a bit as we head into the holiday break, and figuring to do so until the turn of the new year, we’re going to zero in on a couple of potential options plays.

Celgene Corp. CELG

CELG is gapping up into the $120-range this morning, and we will be interested in tracking its activity as things open up today with untraded-upon news of a significant nature. The company achieved a favorable outcome on a long-standing patent dispute which was announced yesterday post-market (View PR).

We will be looking for a possible dip-and-rip scenario, and will want to see the 50DMA of 115.03 hold as support on any pullbacks. Provided it can manage that, we will look to the CELG Weekly* $116-120 Calls for the possibility of some intraday flip opportunities.

*We must remind everyone that Weekly options contracts for this week will expire upon tomorrow’s 1PM Eastern market close. 

____

Spirit Airlines, Inc. SAVE

SAVE is currently striking us as a potential extended-term swing-trade candidate. Despite already having experienced a sharp uptrend at the beginning of this month to rebound off of its annual lows, the stock is still trading at roughly half of its 52-week high. The possibility of a protracted recovery is very real, in our opinion.

SAVE January 15th $40 & 45 Calls are going to be the contracts that we will be placing on watch this morning, and for the next few weeks.

Additionally, as we’ve pointed out on the chart below, there is a significant gap from roughly $45-49. The filling of this gap would undoubtedly produce serious gains in the aforementioned options.

Swift Energy Co. SWYW

Speaking of large chart gaps, we’ve noticed one on SFYW, which has managed to rebound after falling off a cliff a couple of sessions back. We’ve identified the gap on the following snapshot:

We’ll go ahead and put SFYW on our radars over the next several sessions; a return to pre-gap PPS levels would spell a double-bagger from the current price.

Extended Watchlist:
NXGA, TALK, BLTA, LTNC, KWBT

Blue Horseshoe Stocks: Momentum Plays & More

Medbox, Inc. MDBX

MDBX is a stock that we were tracking fairly heavily over the course of the fall season, awaiting a solid bottom-bounce signal as the stock drew back steadily in PPS over a period of many weeks.

Yesterday we were sent into high alert mode with regard to MDBX, and while the observation came just a few minutes late to make it into our premarket report, it was shared in our trader’s chat promptly at the open as you can see from the following snapshot:

What ensued was an intraday run, and the strong bounce signal we were awaiting all along. From a low of .02 MDBX shot up 95% to reach an HOD of .039; that worked out to a 95% pop.

We felt it was another perfect illustration of why we encourage all of our followers to get in on our daily trader’s chats. There are often opportunities mentioned that won’t appear in our premarket reports, appearing in the chatroom throughout the course of a given day.

Once again, all one needs to do is log onto a Skype account and send a contact request to username ‘stocksumo‘, and you will be admitted into the chat!

pSivida Corp. PSDV – News Alert

We’re casting a portion of our attention this morning in the direction of PSDV. As we were examining this morning’s PR feeds, we noticed an announcement from the company referring to positive Phase-III study data and a huge concurring gap-up.

Medidur is PSDV’s treatment in development for an eye affliction known as posterior uveitis, and the results of the trials are said to be “statistically significant”. We’ll be monitoring this play as the session kicks off today in the event that the move up on the chart is significant as well.

Given that it’s traded up over 50% in today’s premarket, we may need to observe for possible dip-and-rip action in the stock.

Extended Watchlist:
NXGA, TALK, BLTA, LTNC, KWBT

Blue Horseshoe Stocks: Wrapping Up an Awesome Short Week

Magnum Hunter Resources Corp. MHRC

We really couldn’t have laid things out more plainly on Wednesday morning with respect to MHRC. We mentioned that we’d followed the stock all the way from our initial alert on 11/16 from a low of .021 to Tuesday’s high of .074 for a total increase of 252%

We then made it a point to remind our readers that there were still gaps to the upside to fill on the chart, which created the real possibility for further gains. The first gap we identified was from .08-.15 and sure enough, MHRC rose to meet the challenge, nearly filling that gap in its entirety.

The stock began from a morning low of .065 and reached as high as .146, which worked out to an intraday move of 125% and brought our overall observed range (.021-.146) to a mammoth 595%

We still need to keep a close eye on MHRC moving forward. The stock closed with strength at .137 on heavy volume, retaining its momentum-play status.

AgriEuro Corp. EURI

EURI was another momentum mover that up until Wednesday’s report had already shown us a 400% swing to the upside, and it too made a sizable intraday run leading into the holiday break.

The stock traded in a daily range from 1.15 to 1.69 giving traders a shot at modest yet solid intraday profits of 47%

We may look to cut-and-run from this point, as EURI has just been relegated to Caveat Emptor status by OTC Markets.

The Bon-Ton Stores, Inc. BONT

We’ve had success tracking BONT in the past, and this week has been a case of history repeating. We executed a textbook bottom bounce call on BONT, tagging it on Monday before observing a low of 1.25, and both Tuesday and Wednesday’s sessions produced bigtime advances of the chart.

It led to a high of 2.49 Wednesday, (+99%) leaving us just one percent shy of a perfect double-bagger on the week.


Pfizer, Inc. PFE – Options

Despite the recent uproar of excellent calls on various stocks, we didn’t want to break for the holiday without submitting a quick options-trading idea, and the one we identified was PFE Weekly $31-32.50 Calls, based on the premarket activity we were observing Wednesday morning.

Significant intraday spikes occurred in each set of contracts within that range, including a pair of four-baggers!

$31 Calls – Trading Range: 1.13-1.92  – Max Gain: 70%
$31.50 Calls – Trading Range: .62-1.60  – Max Gain: 158%
$32 Calls – Trading Range: .24-1.20 – Max Gain: 400%
$32.50 Calls – Trading Range: .13-.66 – Max Gain: 408%

If the bullish activity continues along a similar trend during today’s short session, we may look for quick-strike opportunities in a higher strike range. We’ll radar the PFE Weekly $32-33.50 Calls, but just remember that trading ceases at 1PM Eastern today, at which time all weekly options will expire! 

Extended Watchlist:
DBMM, FDBL, HPTG, IFCR, LTNC, EFUT, KBIO, AEZS