Tag: MSRT

Blue Horseshoe Stocks: Cannabis Reminder

CANNABIS REMINDER

We took full advantage of the recent earnings season with a ton of great options ideas, but things are cooling down on that front for the moment. To start off this week, we’ll put our ever-continuing options search on hold for today, to bring our readers an annual reminder.

Each year as the summer season begins to wind down, we like to pull together a sizable watchlist for the cannabis space. The Autumn season has traditionally been the legal and medical marijuana industries’ most active in terms of movement on charts. The pattern has repeated itself year after year, so with the market appearing relatively quiet at the moment, now is a good time to reassert our interest in cannabis sector stocks for the coming of the fall rush.

The following is not an exhaustive list, merely a few old favorites, but we ensourage our readers to seek out and monitor any stock that is related to the field:

AGTK, ACBFF, CANN, NGTF, MSRT, POTN, PNTV, CNBX, OWCP

Avalon Holdings Corp. AWX

We’d also like to quickly share the performance of AWX following its inclusion in our premarket watchlist on Friday. Early on in the session, the stock ran from a low of 4.52, and went on to hit 6.79, which works out to a respectable intraday pop of 50%  That was sufficient to register as the NASDAQ’s #2 mover on the day.

Fresh Options Ideas:
Energen Corp. EGN 09/21 $75 $ 77.50 Calls
Neilsen Holdings plc NLSN 09/21 $25-27 Calls

Extended Watchlist:
GST, AKER, SYY, DPW, IZEA

Blue Horseshoe Stocks: HAS Recap, Green Rush 2.0

Hasbro, Inc. HAS – Options Idea

Yesterday, after noticing the recording of new 6-month lows on HAS the day prior, coupled with a premarket earnings beat, we signaled a range of options ideas in our report.

Our targeted contracts were the HAS Weekly $79-81 Calls,with the stipulation that if the stock broke the $81-mark, that we’d correspondingly roll up our strike price a level. Based on the activity in HAS, there was literally no wrong answer, as all of the contracts mentioned provided us with a shot at excellent single-session gains.

$79 Calls – Range: 1.50-6.63 – Max Gain: 342%
$79.50 Calls – Range: 1.10-2.92 – Max Gain: 165%
$80 Calls – Range: .83-5.79 – Max Gain: 597%
$80.50 Calls – Range: .62-2.20 – Max Gain: 255%
$81 Calls – Range: .50-5.13 – Max Gain: 926%
$82 Calls – Range:  .24-1.25 – Max Gain: 421%

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Fresh Options Idea:

With NFLX beating on earnings yesterday post-market, we’ll signal a range of contracts to watch there as well. We’re particularly interested in tracking the NFLX Weekly $117-120 Calls.


The Start of Green Rush 2.0?

A couple of years ago, when marijuana stocks first began to emerge, and the march toward legalization in many places began, we termed it a ‘Green Rush’. It was a historical few months of exponential gains for anything even remotely tied to the cannabis space.

We’ve never stopped monitoring the sector, which, compared to practically any other, is still in its infancy. Recently, we’ve been reminding our readers to keep a keen eye as well, for if all things remain equal, it’s likely that California will become a recreational marijuana state in just a few week’s time. California is the most populous state in the country, and the proposed bill is more comprehensive than anything we’ve seen in the other states where prohibition laws have been scrapped. The ripple effect from the world’s sixth largest economy legalizing marijuana and its by-products will be significant indeed.

In fact, the effect of the anticipation is already kicking the tires on what could very well be Green Rush 2.0. Out of the top 14 traded stocks on yesterday’s scanner (pictured below) all but one have some link to the pot sector. Every last one of them are stocks that we’ve talked about in the past, and all of them (and more) will be high up on our working watchlist over the next several weeks.

We warned our readers of the first Green Rush before it kicked into full swing back in 2014, and we’ve been doing our best to do the same thing in advance of the forthcoming California vote on Prop 64, which should ultimately prove to be a real game-changer.

The symbols pictured above will also serve as today’s Extended Watchlist, in addition to FLDM, a declining stock that we want to put on bottom watch.