Tag: NADL

Blue Horseshoe Stocks: Fresh Options Plays & More

Amazon.com Inc. AMZN – Options Recap

We’ve been tracking a wide range of AMZN calls since our premarket report on Monday morning.

We placed the AMZN 10/06 $965-980 Calls on watch as we were looking for a reversal from the stock that did occur. Yesterday we only provided the moves from the bottom and the top of the range to save time but today we’ll lay out the moves from every set of contracts we’ve been watching.

We mentioned that the gains we had seen up until yesterday morning could be added on to by what appeared to be a bullish session forthcoming, and that came to pass as well. Every set in the range has seen solid intraweek gains.

$965 Calls – Range: 19.25-27.00 – Max Gain: 40%
$967.50 Calls – Range: 25.24 30.20 – Max Gain: 20%
$970 Calls – Range: 15.30-32.05 – Max Gain: 109%
$972.50 Calls – Range: 15.30-28.94 – Max Gain: 89%
$975 Calls – Range: 13.62-26.70 – Max Gain: 96%
$977.50 Calls – Range:  13.48-26.95 – Max Gain: 100%
$980 Calls – Range: 11.39-25.28 – Max Gain: 122%

Lululemon Athletica

LULU was, for the most part, in a general downtrend during the month of August, but to kick off September it looks like a change in pattern in due.

The company posted a solid beat on its post-market quarterly earnings release yesterday, and we want to use that untraded-upon development potentially to our advantage using an options idea.

We’ve had tremendous success with the LULU chain in the past, and this time, we’re going to be tracking the LULU Weekly $60.50-62 Calls* for possible daytrades.

*We never discuss weekly options on a Friday without going out of our way to warn our readers that trading contracts with a weekly expiration on a Friday is exceedingly risky and should only ever be attempted by expert traders!!!

Extended Watchlist:
SDRL, APYO, RTNB, IOVA, NADL, ANFI, ADMP


Blue Horseshoe Stocks: NADL Update, Options & More

North Atlantic Drilling Ltd. NADL

NADL topped our list of potential bottom-plays in yesterday morning’s premarket report, and it ended up being the primary runner of the day.

We picked up on the stock on a routine scan, after noticing a sizable gap-up in the morning, coupled with the fact that the stock had been repeatedly beaten down over an extended period. All the signs seemed to be pointing toward a significant day for NADL, and that’s exactly what transpired.

The stock traded in a daily range from 1.73 on up to 2.87, for a highly respectable single-session swing of 66% that came in on mind-bending volume, on the order of 150X the 30-day average. That type of momentum always has a shot at carrying over, and sure enough, NADL is gapping in the premarket once again today.

The early high is in the 3.50’s, extending to total rise we’ve witnessed in less than 24 hours to roughly 100% and it puts us on alert once again today. We’ll be looking for higher highs and higher lows as usual as we watch this one play out.

Excellent Chatroom Calls

Every once in awhile we like to remind our readers on our website as well as our daily newsletter recipients that we conduct live trader’s chats via Skype on a daily basis, and any of our readers is more than welcome to participate. All you need to do to get in on the action is send a Skype contact request to username ‘stocksumo’. You can sit in and get ideas or offer up some of your own!

Yesterday, one of our chatters gave the room a heads up on Bravatek Solutions, Inc. BVTK shortly before 11AM, and the stock ultimately ran from .0002 to .0011, for an intraday pop of 540% on nearly two billion shares traded.

That brings us to another fantastic call, this time by our very own Stock Sumo, who brought American Leisure Holdings, Inc. AMLH to the attention of the room on March 27th, after which time there was plenty of opportunity to get in at .0003. The stock subsequently ran to a high of .007 two weeks (11 trading days) later, marking an enormous 2233% increase!

If these aren’t reasons to get involved with our daily trader’s chats, then we don’t know what is! There have been a multitude of super-subpenny runners over recent weeks, and these two are prime examples of why we continue to press the issue.

New Options Ideas

We don’t want to spend all of our focus on the stock side of things though, especially with our continued success with options trading, so we want to formulate a few ideas based on some things we’re seeing in the premarket.

Lululemon Athletica, Inc. LULU – We want to signal both some weekly and extended-range calls this morning on LULU, which has been making attempts at coming off of recent relative lows, with a massive gap on the chart to the upside. We could see this returning to fill at least a portion of that gap. We’ll have our eyes on the LULU Weekly $52-53.50 Calls as well as the 05/06 $55-57 Calls.

Delta Air Lines, Inc.DAL – We’re looking at DAL for a possible short-term play after its earnings beat this morning. Profits fell by a less-than-expected margin, while positive Q2 guidance was issued. Coupled with a major PR disaster for one of its main competitors this week, and we’re definitely interested in seeing if DAL can make an appreciable move. If it does, we’ll be looking at the DAL Weekly $45.50-47.50 Calls.

Extended Watchlist:
NBIX, BBRY, CEI, ADPT

Blue Horseshoe Stocks: Bottom-Bouncers & More


North Atlantic Drilling Ltd. NADL

We’ve got an array of potential bottom-bounce plays to go over this morning, the first of which is NADL. This stock has been getting beaten down incrementally since reaching a high of 4.80 in December. It’s been one selloff after another since then, culminating in a low of .65 during yesterday’s session.

We’re seeing a moderate gap-up this morning, and want to put NADL on our watchlist moving forward on the chance that a multi-day rebound is on the way.

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Catalyst BioSciences, Inc. CBIO

Next up on our bottom-bounce watchlist is CBIO, which is also gapping up off of a bottom in the premarket this morning with the help of a key press release, of which we’ll include a snippet below.

The stock recently made a massive run to the $18, so the potential for another major move is certainly present.

SOUTH SAN FRANCISCO, Calif., April 11, 2017 (GLOBE NEWSWIRE) — Catalyst Biosciences, Inc., (Nasdaq:CBIO) a clinical-stage biopharmaceutical company focused on developing novel medicines to address hematology indications, today announced that it has achieved a key milestone under its collaboration with ISU Abxis to advance the Factor IX program towards its first human clinical trial. Completion of the CB 2679d/ISU304 toxicology studies supported the recent Investigational New Drug (IND) approval by the Korean Ministry of Food and Drug Safety (MFDS) and triggered a milestone payment to Catalyst. (>>View Full PR)
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Sunshine Heart, Inc. SSH

We tagged SSH as a bottom play a week ago today on the 4th, and subsequently tracked it over a pretty nice run last week as it traded up from 1.67 and hit 2.25 (+35%). It pulled back to the low 1.70’s yesterday and appears to be gearing up for another possible move.

Just two months ago the stock was trading at more than $5/share, so we wanted to add a little reminder this morning that SSH could be line for an extended recovery that we’ll want to look out for in the day and weeks ahead.

Galectin Therapeutics, Inc. GALT

We were just mentioning yesterday morning the excellent move from GALT we had witnessed between first bringing it up in January and the present. The run, originating at a low of .935 had already reached just beyond the 200% level, and after a very nice intraday performance, our observed range was extended even further.

Trading up from a morning low to 2.75, the stock traded up 34% to reach 3.68. That pushed the overall percentage gain we’ve witnessed in GALT for 2017 to a highly respectable 294%

Extended Watchlist:
AMLH, SALE, GLBS, AKER, STAF