NVDA | Blue Horseshoe Stocks

Blue Horseshoe Stocks: Big Move for ORRV & More

Oceanic Research & Recovery Inc. ORRV

On Wednesday, we were mentioning ORRV, and how we’d seen it make a nice move after discussing it in our traders chat the day before. We hinted at the possibility of seeing further gains from this volatile mover, and yesterday provided a truly excellent opportunity to make some fast money, just as we’d hoped.

ORRV traded as low as .0005 in the morning before ripping its way to a daily high of .0022, which marks a single-session run of 340% so congratulations to anyone who noticed our alert and reaped the benefits.

Moving forward we’ll treat this play like any other that has been making solid strides to the upside, looking for it to maintain its uptrend with higher highs and higher lows.

Fresh Options Ideas

NVidia Corp. NVDA – This has been 2016’s top performer on the S&P 500, and one that we’ve visited in our reports on occasion. Despite already being up over 200% on the year, we like the feel of the reversal that occurred yesterday after it previously had appeared that a downturn was setting up. Instead shares of NVDA pressed upward, and the stock is gapping up considerably in premarket trading today.

We’re going to focus upon the NVDA Weekly $112-115 Calls to try to turn a quick profit today.

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Advanced Micro Devices, Inc. AMD – We also want to look at one of NVDA’s direct competitors, which has also been building momentum on the chart, in a general uptrend since the middle of October. Here we’re going to want to monitor the activity in the AMD Weekly $11-12 Calls.
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CAUTION: Never trade weekly options contracts on a Friday if you aren’t an expert trader. These are high-risk/high-reward style plays that are not for the faint of heart, or the inexperienced!

Extended Watchlist:
PHOT, SSPC, GRNH, VAPE, TRKK, MDMN, CEGX(Bottom-Bouncer)

Blue Horseshoe Stocks: NVDA Review & More

Nvidia Corp. NVDA – Recap

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Focusing on NVDA Friday morning on the heels of its earnings beat turned out to be a fantastic idea. It was a great way to cap off a week filled with solid options trading ideas.

The stock itself made an incredible intraday run of nearly 30% and as a result, our specific area of interest, the NVDA Weekly $77-80 Calls, yielded some great chances for huge single-session profits. That included nothing less than 201% and one that even went for a ten bagger!

The potential gains were as follows:

$77 Calls– Range: 2.87-11.55 – Max Gain: 302%
$77.50 Calls – Range: 3.62-10.90 – Max Gain: 201%
$78 Calls – Range: 2.00-10.55 – Max Gain: 427%
$78.50 Calls – Range: 1.33-8.70 – Max Gain: 554%
$79 Calls – Range: 2.04-9.55 – Max Gain: 368%
$79.50 Calls – Range: .81-5.00 – Max Gain: 517%
$80 Calls – Range: .70-8.15 – Max Gain: 1064%

Congrats are due to any of our readers who used our hunch to help bank a piece of these serious profits!
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Fresh Options Idea:
HAR Weekly $100-110 Calls

Cannabis Sector – Video Update

We also want to provide an update on cannabis stocks, which we promised to continue following on the heels of legalization happening in three states last week. We’ve done so in the form of a quick video review of some of the more high profile plays, like MJNA, CBIS, PHOT, GRNH, and NEWC.

After a pullback around election time, pot stocks in general began to gain steam again at the end of the week. We’ll be watching carefully for the recording of higher lows and higher highs across the board.

Click the graphic below to view the presentation:

Primero Mining Corp. PPP

We also want to take heed of a bottom-watch play we’ve identified this morning. PPP reached new 52-week lows on Friday, after a disappointing earnings release earlier in the week sent the stock into a tailspin.

We’re always looking for bargains, and to find one in a gold play in the midst of a solid run-up for the precious metal, has the potential to be especially fortuitous. As a quick glance on the chart below will show, the stock is presently heavily oversold and searching for an ultimate low here. We’ll want to be ready to strike when the reversal occurs.

Extended Watchlist:
VAPE, HEMP, OWCP, MYDX, SINO, CRNT, DRYS, X

Blue Horseshoe Stocks: Options Success, MNKD & More

Eleven BioTherapeutics, Inc. EBIO

Out of four focal points for yesterday morning’s premarket report, three of them worked out very nicely. From the stock side of things, we had EBIO, which we designated as a potential momentum play after noticing it picking up steam in prior sessions.

Our hunch was good, as the stock ran from a low of 2.31 to 2.955 (+28%) on roughly nine times its monthly average volume. It was a relatively modest gain, yet we did see a temporary breach of the 50DMA as well as a strong close at 2.78. It was a solid enough performance to warrant further observation.

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MannKind Corp. MNKD – We drew attention to MNKD on Wednesday morning and just want to provide an update on its excellent progress so far. In the past two sessions since then it has traded up from a low of .44 to .68 (+55%) in two bullish sessions. We’ll be looking for a possible continuation of that trend.

Options Winners

The other two winners from yesterday were both successful options ideas that we formulated on the heels of strong earnings reports, and the gain opportunities there were quite a bit larger.

We’ve come to routinely expect huge multi-bag intraday runs when we hit on a good post-earnings idea, and that’s just what we got from every single contract we signaled.

Macy’s, Inc. M – Weekly $38-41 Calls

$38 Calls – Range: 1.52-3.85 – Max Gain: 153%
$38.50 Calls – Range: 1.27-2.90 – Max Gain: 128%
$39 Calls – Range: 1.00-2.97 – Max Gain: 191%
$39.50 Calls – Range: .81-2.25 – Max Gain: 178%
$40 Calls – Range: .50-1.90 – Max Gain: 280%
$40.50 Calls – Range: .30-1.47 – Max Gain: 390%
$41 Calls – Range: .15-1.16 – Max Gain: 673%

Shake Shack, Inc. SHAK – Weekly $35.50-37 Calls

$35.50 Calls – Range: .39-2.00 – Max Gain: 413%
$36 Calls – Range: .37-2.62 – Max Gain: 609%
$36.50 Calls – Range: .35-.77 – Max Gain: 120%
$37 Calls – Range: .18-1.90 – Max Gain: 956%

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Fresh Idea – Nvidia Corp. NVDA – Nvidia beat on earnings in a post-market release yesterday, and to correspond with the activity we’re observing here in the premarket, we want to highlight the NVDA Weekly $77-80 Calls* for potential daytrades.

*Our regular readers are well aware of the warnings we post every time we issue an alert, but for everyone just joining us, please be aware that trading options contracts with a weekly expiration on a Friday is a highly risky proposition, and should only be undertaken by expert traders!

Extended Watchlist:
CHMD, DNRG, FNMA, FMCC, LLEN, SRCH,
DXYN(Bottom-Watch)