MGT | Blue Horseshoe Stocks

Blue Horseshoe Stocks: Options Idea, Updates & More

Provectus Biopharmaceuticals, Inc. PVCT

We want to submit PVCT as a potential bottom-play candidate this morning after noticing the stock register a new annual low last week, followed by the recording of higher lows in the two sessions that followed.

We’re going to place the stock on watch for the possibility of an extended rebound, which would certainly be long overdue.

Alcoa, Inc. AA – Options Idea

After a disappointing earnings call this morning leading to a gap-down, compounded with the chart having been on the toppy side to begin with, we may be looking to go short on Alcoa, and the way we do that is by formulating some options trading targets.

The ones we’re particularly interested in are the AA Weekly $32-30 Puts, which could be in line for significant moves to the upside if the stock continues to lose ground once the session commences.

GreenGro Technologies, Inc. GRNH

GRNH, like several other stocks operating in the cannabis space, has been seeing increased activity of late. We’ve experienced this trend leading up to elections in previous years, and especially with a major vote for recreational usage coming up in California less than a month from now, we’re going to plan on keeping a close eye on anything tied to the sector until further notice.

After signaling GRNH in a report last week and observing a subsequent low of .0651, the stock continued to make appreciable moves to the upside, trading up from .0815 to .09518 (+17%) yesterday, and an overall 41% increase.

MyDx, Inc. MYDX

MYDX appeared in our report yesterday for the first time in awhile, and the stock made a solid intraday increase for us.

From a low of .0258 it reached as high as .034, a 32% rise. The move occurred on more than twice the monthly average volume, and the PPS only slid back to .0329 into the close, so we’ll certainly want to keep monitoring MYDX for further opportunities as the week progresses.

Extended Watchlist:
TRTC, CNAB, VNTH, MOBL, MGT, MCUR

Blue Horseshoe Stocks: Huge Options Wins & Much More

Options Updates

We targeted a range of options calls in both FedEx and Adobe yesterday, as both stocks were showing good premarket activity on the heels of their earnings reports. It illustrated perfectly why we’re always formulating post-earnings options ideas.

FDX Weekly $165-170 Calls
$165 – Range: 5.35-9.00 – Max Gain: 68%
$167.50 – Range: 3.16-6.71 – Max Gain: 112%
$170 – Range: 1.42-4.18 – Max Gain: 194%

ADBE 10/21 $100-110 Calls
$100 – Range: 6.55-8.58 – Max Gain: 31%
$105 – Range: 2.80-4.21 – Max Gain: 50%
$110 – Range: .83-1.41 – Max Gain: 70%

Both stocks are gapping up again this morning, so we expect to see extended gains on these contracts today.

Recovery Play Updates

Yesterday’s session confirmed validation of all three of the bottom-bouncers that we highlighted in Tuesday’s premarket report.

MGT Capital Investments, Inc. MGT and ACRE Realty AIII – These were both new for us on Tuesday, getting our attention as stocks that were heavily oversold after reaching new lows. As it turns out, we timed those bottoms perfectly, as you can see in the side-by-side chart snapshot below.

So far the range we’ve observed on MGT is from 1.77-2.58, a 46% rise, and in AIII, a move up from .90-1.20 (+33%). We’ll stay on their trails to watch for a continuation of these rebounds.

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NovaVax, Inc. NVAX – While it did appear on our Bottom-Bounce Watchlist on Tuesday, NVAX began its own recovery when we initially brought it to the table in Monday’s report. We’ve included a snap of this chart as well so you can see the excellent progress it’s made since then.

To this point we’ve witnessed a three day swing of 43% from 1.36-1.94. The stock closed at that high, so it too will be granted a reserved slot on our radars in coming sessions.

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Jammin’ Java Corp. JAMN

We alerted JAMN as a potential bottom-play last Tuesday and it too has made a solid move to the upside since then.

We saw the low come in at .0011 following that mention, and yesterday the stock reached a new high of .0025. That represents a 127% rip off of its lows in just over a week’s time.

StrikeForce Technologies, Inc. SFOR

This is a stock that we’ve been familiar with in both the distant and recent past, and we included it once again in yesterday’s report. The stock kept piling on the excellent momentum we’ve observed over the past few sessions, and ultimately set a new high for us, falling just short of breaking the penny barrier.

SFOR traded in a modest intraday range from .008 up to .0095, a 19% increase, closing strong once again at .0094. From the low we observed following our next most recent mention of the stock (.0036) the new high represented an overall swing of 164%

We’ll be interested to see if SFOR can maintain momentum and breach into Pennyland. The last time it came close was nearly a year ago.

Extended Watchlist:
MSTX, CNAT, CTIC, APYP, MAXD, NUGN

Blue Horseshoe Stocks: NWBO Review, Options & More

Northwest Biotherapeutics, Inc. NWBO

We’ve been mentioning NWBO this week beginning on Monday, and yesterday, despite already having seen some solid gains from the stock, we were met with a second consecutive solid intraday performance.

NWBO traded in a daily range from .551 to .76, which marked a surge to the upside of 38% and from our observed low subsequent to its appearance in our morning report on Monday (.5018), yesterday’s high represented a two-day swing of 51%

We’ll continue to track the progress here, and will be anxious to see if the stock can maintain it’s multi-day runner status.

More Bottom-Watchers

Yesterday we submitted a bottom watchlist consisting of three oversold stocks that we’re going to want to keep on our radars for the possibility of an eventual rebound (MGT, AIII, NVAX). This morning, we’d like to add a couple more to that list for us to monitor in sessions ahead.

Each of the following stocks appears to be egregiously oversold, and both have just registered new 52-week lows; two key components we look for when searching for potential recovery plays.

Gordman’s Stores, Inc. GMAN

Towerstream Corp. TWER

Fresh Options Ideas

We also want to delve back into the realm of options trading this morning, with a couple of ideas based on post-market earnings releases yesterday.

As our regular readers are well aware, we’ve used post-earnings options calls to find MAJOR short to intermediate-term success on countless occasions in the past, and these are just the types of plays for which we’re constantly scanning the landscape.

Our new targets are the following:

FDX Weekly $165-170 Calls

ADBE 10/21 $100-110 Calls

Extended Watchlist:
EBIO, GLRI, USLV, SFOR, LOGX, ADMS