Blue Horseshoe Stocks: ASTI Recap, Options Reminder & More

Trevena, Inc. TRVN

Of all of the plays that we were monitoring via our extended watchlist in yesterday’s premarket report, the most potent intraday performance came from TRVN. The stock had made a nice move in the previous session, had pulled back, and looked primed for another nice move based on the premarket activity we observed.

As the overall markets saw a trend reversal, TRVN made a solid, steady, run from a daily low of 9.21 up to 11.47; that registered as a 25% increase on more than 12X the 3-month average volume.

The stock is increasing further in the premarket today (traded as high as 11.83 thus far), so we might want to look out for the possibility of a slight dip followed by a continuation of yesterday’s momentum.


Ascent Solar Technologies, Inc. ASTI

ASTI is a stock we’re very familiar with, as a quick tag search of our archives reveals, we’ve taken advantage of this stock multiple times over the years. A couple of weeks ago, we tagged the stock as a bottom-watch play after noticing it was being beaten back to new 52-week lows.

We stated that ASTI was a prime candidate for a bounceplay, and an extreme item of interest “because when a rebound does occur, it could be very significant.” and we couldn’t have been more spot-on in that assumption.

It’s ultimate low of .10 came just three sessions hence, and the impressive multi-day recovery pushed ASTI as high as .3597 yesterday. That represents an overall swing of 260%


Options Reminder:

Last Thursday just as the markets were becoming highly distressed, we formulated set of longer-term options plays to watch once a market rebound began to occur.

Yesterday, another reversal came to pass, so we just wanted to issue a brief reminder of the potential targets we listed, and are still tracking heavily: 09/18-10/02 Calls in the FB, GPRO, GMCR, AAPL, NFLX, and TSLA chains.


Extended Watchlist:
AXPW & VRA (Nice Moves Yesterday, Still on Watch),
MEI, GBSN, GEVO

Blue Horseshoe Stocks: Options Review & More

Options Ideas – Updates

On Tuesday, we mentioned the possibility of taking advantage of the recent market downturn by utilizing some extended options ideas as stocks began to recover. We flagged 09/18-10/02 Calls in the FB, GPRO, GMCR, AAPL, NFLX, and TSLA chains. It didn’t very long for these ideas to bear fruit; we identified the following opportunities during yesterday’s session:

FB Sept 18th $85 Calls – Range: 3.54-5.25 – Max Gain: 48%
AAPL Sept 18th $105 Calls – Range: 4.95-7.40 – Max Gain: 49%
NFLX Sept 18th $98 Calls – Range: 10.75-15.23 – Max Gain: 42%
GPRO Sept 18th $45 Calls – Range: 3.04-4.00 – Max Gain: 32%

All of these stocks are gapping up significantly in the premarket today, so we expect to see some further chances for profit in these contracts. We’ll have to remain open to the possibility of needing to roll up our strike prices/expiration dates to stay closer to the money as the situation dictates.


Recap: Abengoa (SA) ABGB & Direxion Daily Nat Gas Bull 3X ETF (GASL)

We were tracking both of these stocks in the premarket yesterday, and each made modest yet notable intraday moves. ABGB traded in a range from 5.91-6.58, while GASL made its way from a low of 4.12 and went on to hit 4.56.

Both of those moves registered as 11% intraday increases, and in each case we’re going to be looking for the stocks to record higher levels of support than yesterday’s swing lows as we head into week’s end.


Great Basin Scientific, Inc. GBSN

We also want to tag GBSN as a bottom-watch play this morning. We love to track stocks that have been beaten back to new 52-week lows and bear an oversold look on the chart, and this is a prime example of just such a play.

In a press announcement this morning, the company has addressed the recent selloff, and we’ll be interested to see how the stock reacts. The CEO stated: “We believe our recent stock performance represents a technical inefficiency related to unit separation, not the underlying fundamentals of the Company’s performance”. >>VIEW PR


Extended Watchlist:
FORD, ACAD, AMBA, CMCM

Blue Horseshoe Stocks: CRGP Recap & More

Calissio Resources Group, Inc. CRGP

Amidst one of the biggest market backslides in years, we were still able to root out a triple-digit gainer from among the chaos. We tagged CRGP in our premarket extended watchlist as a momentum play based on the activity it recorded at the end of last week.

CRGP had enough strength and interest from the trading community to barrel its way from a daily low of .005, cracking through the elusive penny-mark, and setting a high-of-day at .0118. That represents an intraday pop of 136%, and it happened in conjunction with more than 9X the 3-month average volume of shares changing hands on the day.

Following its nice run, the stock pulled back to .0059 into the close, and we will be on the lookout for the possibility that it needs to come back a bit further to fill the gap on the chart from Friday’s close of .0045. So it’s from that level that we’ll look for possible bounce-play opportunities, should CRGP continue to consolidate.


Options Review

With the volatility caused by current market conditions, there was money to be made on both sides of the fence over the course of the day with the general options ideas we offered in our morning report, which were SPY In-the-Money Puts, and UVXY Calls. Here’s an idea of the kind of gains that those selections made available during yesterday’s session:

SPY $190 Puts – Range: 1.48-5.34 – Max Gain: 260%
UVXY $49 Calls – Range: 7.21-19.00 – Max Gain: 164%

We expect the current market to continue to provide similar action and chances for gain, but we wouldn’t expect to see it occur with quite the same volatile conditions as yesterday.

We’ll be looking to go long on big-name options whose stocks have been beaten back severely over the past few sessions. As the market corrects itself, we’ll be monitoring some longer-term options to possibly take advantage of the eventual recovery.

To allot sufficient time for us to see that, we’ll be tracking 09/18-10/02 Calls in the FB, GPRO, GMCR, AAPL, NFLX, and TSLA chains. We’ve banked enormous profits off of every one of these in the past; it’s now just a matter of laying in wait for the next big chances to present themselves.


Extended Watchlist:
ANFI, CJES (Potential Bottom-Bouncers), ADAT

Blue Horseshoe Stocks: Special Options Video & More

Huge Options Winners/New Ideas – Special Video Presentation To wrap another excellent trading week, we’re going to do something new. With such huge winners coming from yesterday’s options ideas, and big opportunities coming today, we’ve drawn up a visual aid in the form of an informative and instructive video presentation.

We highly suggest our readers click through to the following special video featuring our very own ‘Stock Sumo’, who succinctly explains how we found huge success with NFLX Calls yesterday, and how we may be able to do the same with GOOG Calls today.

DON’T MISS THIS IMPORTANT PRESENTATION:

The video outlines the gains on yesterday’s idea of NFLX Weekly $107.00 -111.43 Calls. Every one of the 13 sets contracts in that range exploded for astounding gains. They ranged from the $107.14’s running 508% from 1.52-9.25, to the $111.43’s amazing 3823% jump from a low of .13 to as much as 5.10.

It goes on to mention our options speculations for today’s session. Google is gapping up an earnings beat this morning, and we’ve formulated some corresponding ideas, specifically GOOG Weekly $640-655 Calls. We’ll be looking out for a possible dip-and-rip scenario to come into play.

Trading Weekly contracts on a Friday can be be an exciting proposition when proper caution is exercised. Time-decay becomes a big factor so close to expiration, and premiums evaporate. That tends to lead to more volatile activity, creating an environment in which we thrive.


Voltari Corp. VLTC 

We’ve been tracking VLTC for quite some time, following it to some awesome gains this spring after word got out of billionaire activist investor Carl Icahn’s position in the stock. We re-alerted the stock on Tuesday via our Extended Watchlist, and lo and behold, Icahn’s name would find its way into the VLTC news stream again.

We had to be patient for a couple of sessions, but were ultimately rewarded yesterday with one heck of an intraday move when traders learned that Icahn was still long in the stock. VLTC ran from a low of 5.57 all the way up to 9.00; a 62% swing that came on a little more than five times the 3-month average volume.


Extended Watchlist:
QTMM, JDST, ETRM, SPEX

Blue Horseshoe Stocks: Options, MILL Recaps & More

Miller Energy Resources, Inc. MILL

More often than not, when highlighting a stock that has recently recorded a new 52-week low, we’ve had very good fortune- yesterday’s premarket tag of MILL was no exception. It had just registered its annual bottom on Tuesday, and it set us up to bear witness to quite a respectable rebound.

From a low of .26, MILL surged as high as .38, marking an intraday pop of 46% and it happened on just over six times the 3-month average trading volume.

The move came in conjunction with an interesting sequence of events-Tuesday the company announced its significant doubt of its ability to continue as a going concern, which is what brought it to a new 52-week low. We caught it on the news scanner yesterday with a more positive message, regarding the receipt of a $33M tax credit from the State of Alaska and a potential loophole on the company’s debt in the form of a possible loan.

From this point forward we’d suggest an added note of caution pertaining to MILL on account of these somewhat mixed signals. The company is still in danger of filing for bankruptcy, but for our purposes, it turned out to be a nice mid-week bottom-play.


NuGene International, Inc. NUGN

We also wanted to point to another PR that hit the wires yesterday on a stock that we’ve been monitoring this summer. Back on June 15th, we tagged NUGN for observation and watched as it ran from 2.67-3.88 (+47%).

This week, after pulling back to find support at a low of 2.55, NUGN is rebounding back past the $3 mark. We’re going to want to watch it into next week, especially after the exposure that it’s set to receive this weekend.

Per a PR released yesterday the world-famous Kathy Ireland, whose namesake products NUGN distributes, will be doing a special on Fox Business Network (Sunday, 5:30pm ET) and Bloomberg International (Sunday, 8:30am CET, 3:00pm HKT, and 10:30am CDT). It’s called Worldwide Business with kathy ireland® and it will introduce a new line of stem cell-based skincare products. >> VIEW PR


Options Recap

It may be hard for some of our newer subscribers to believe, but most of the options calls we made yesterday morning ended up yielding chances at double-bag gains! Our regular readers won’t be surprised at all, as we routinely formulate such opportunities for options daytrades.

FitBit, Inc. FIT

All of the FIT Options ideas we signaled (Weekly $45.50-48 Calls) yesterday gave us the chance for notable gains, with the most significant action coming from the $46-48’s.

The $46 Calls initially ran 192% from 1.06-3.10, then dipped to a low of .79 before rebounding to 1.85 for an added 134% swing. 

The $47’s first burst carried them from .96-2.24 (+133%) dipped to .45 closed at 1.20 (+166%)

$48 Calls went on a 93% run from .88-1.70, and pulled back to .40 before ripping back to .75 for a chance at an extra 87% gain.

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Netflix, Inc. NFLX

Our ideas for NFLX Weekly $100-105 Calls are figuring to turn out quite nicely as well before the week is out.  In the image below we can see the closing prices on all of those contracts; with NFLX trading above $110 in the premarket, we expect to see all of those prices increased significantly as they’re pushed deeper into the money. We’ll be on the lookout for dip-and-rip scenarios for the remainder of the week and may consider rolling our strike prices up closer to the money, perhaps somewhere in the 107.14-111.43 range in the event the uptrend continues.


Extended Watchlist:
FCEL, OHRP, PIRS, MNGA, EXEL, ANR(watching for eventual bottom)

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