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Blue Horseshoe Stocks: Big Options Winners & More

Friday Recap: Huge Options Success

Even during such times when big stock gainers are difficult to come by, we’ve managed to balance the scales with some excellent options ideas. It hasn’t been just a few either, a fact to which our regular readers can surely attest. It’s been one great idea after another, and Friday’s premarket report included still more premium chances for big intraday profits!

Our specific targets were UVXY Weekly $33-35 Calls, and SPY Weekly 205-203.50 Puts and there were no contracts within the specified ranges that didnt make an appreciable move during the session. The epic moves were as follows:

Pro-Shares Ultra VIX Short-Term Futures (UVXY) Calls
$33 Calls – Trading Range: 1.01-4.70 – Max Gain: 365%
$33.50 Calls – Trading Range: .80-4.13 – Max Gain: 416%
$34 Calls – Trading Range: .59-3.70 – Max Gain: 527%
$34.50 Calls – Trading Range: .45-2.82 – Max Gain: 526%
$35 Calls – Trading Range: .26-2.85 – Max Gain: 996%

SPDR S&P 500 ETF (SPY) Puts
$205 Puts – Trading Range: .78-2.63 – Max Gain: 237%
$204.50 Puts – Trading Range: .54-2.17 – Max Gain: 302%
$204 Puts – Trading Range: .33-1.60 – Max Gain: 385%
$203.50 Puts – Trading Range: .20-1.17 – Max Gain: 485%

Big cheers go out to any of our readers who were with us on these monstrously successful calls (and puts) on Friday! As we said, most of the options ideas we’ve been formulating have been home runs, and these plays were no different.

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As a bonus idea, we included a flag of the FitBit, Inc. FIT Weekly $30 and 29 Puts, and some stellar gains were possible there as well:

$30 Puts – Trading Range: 1.00-2.80 – Max Gain: 180%
$29 Puts – Trading Range: .54-2.17 – Max Gain: 302%

Bottom-Watch Plays

Magnum Hunter Resources Corp. MHRC

We’re going to signal our interest in MHRC as a potential bottom-play this morning, and a quick viewing of the chart will show why. The stock has been beaten senseless in recent sessions, and is well into what we’d characterize as heavily oversold territory. It has managed to register higher lows in each of the past three sessions, so we’ll be watching for a continuation of that trend up off of the recently recorded 52-week low.

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SunEdison, Inc. SUNE

We’ve had our eye on SUNE as the apparently undervalued stock was searching for a bottom. We were looking for solid signs that it had found that bottom and was readying for a rebound, and over the past couple of sessions, we’ve seen the signals we were after. We’re going to officially place this one on watch as we kick off a new week, as we feel the stock to be grossly undervalued at the current PPS.

Trader’s Chat Winner

We also want to give a quick shout-out to DJ from our live trader’s chat* on Friday, who called out the NFLX $105 Puts which subsequently ran from .25-1.63 (+552%). Cheers, DJ!

*Remember, any of our valued readers has to do to get in on our daily trader’s chats, is log into (or create) your Skype account and send a contact request to ‘stocksumo’. We’d be happy to allow any interested parties to participate!

Extended Watchlist:
BIEL, BIEI, GLDG, EURI

Blue Horseshoe Stocks: UVXY Recap, Options Review & More

Options Updates

ProShares Ultra VIX Short-Term Futures (UVXY) –

In Friday’s premarket report, we essentially served up our readers an absolute gem of an options idea on a silver platter, when we identified the high potential of some prime intraday flip opportunities.

We posited that the overall markets would see a pullback, and offered our take on a good way to leverage that eventuality for quick-strike gains in weekly UVXY contracts. The markets were indeed hammered back for most of the session, and as a result, our assumptions paid off in spades.

Our specified target range included UVXY Weekly $73-78 Calls, and every last set of contracts provided us with the chance to bank multi-bag gains. Check it out:

$73 Calls – Daily Range: 2.17-8.10 – Max Gain: 273%
$74 Calls – Daily Range: 1.47-7.20 – Max Gain: 390%
$75 Calls – Daily Range: 1.17-6.40 – Max Gain: 447%
$76 Calls – Daily Range: 1.10-4.53 – Max Gain: 312%
$77 Calls – Daily Range: 77-4.34 – Max Gain: 464%
$78 Calls – Daily Range: .57-3.68 – Max Gain: 545%

Updated Idea:

With another reversal appearing likely with this morning’s gap-up in the markets, we’ll want to swing our attention in the opposite direction. The SPY generally trades inversely to the UXVY, thus we’ll be monitoring SPY Weekly $195-197 Calls in the event of a continued uptrend signal.

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Longer-Term Ideas – Update

For each of the past two Thursdays, we’ve mentioned our interest in a set of longer-term options ideas for a number of tech stocks, namely the 9/18-10/02 FB, GPRO, GMCR, AAPL, NFLX, and TSLA Calls.

With between 1.5-3.5 weeks until expiration on the contracts contained in that range, we’ve seen some nice moves already, and we want to continue to keep an eye on this whole group. With the volatile flux we’ve observed in recent market activity, further opportunities could certainly present themselves in coming sessions.

PharmaRoth Labs, Inc. ROTH

We noticed some exciting news hitting the wires this morning for ROTH, and the PPS is currently down to a relative bottom, so we’re going to tab this subpenny play for extended observation.

PharmaRoth Labs Receives Large Purchase Order (Tue 8:30AM EDT)

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