NVNT Archives - Blue Horseshoe Stocks

Friday’s 40,000% Gainer

Incredible Options Gains

Even as markets around the globe struggle with the unprecedented effects of the novel coronavirus, chances for ridiculously large profits have been available to short-term traders. On Friday, we submitted some options ideas in our premarket report, and among them came the top gaining idea we have ever produced in our entire recorded history. All in one session.

We signaled interest in the AVGO Weekly $220-230 Calls and the ADBE Weekly $295-305 Calls, and saw some eye popping gains, including an unbelievable 40,000% runner!

AVGO Weekly $220-230 Calls
$220: .03-12.40 (+41233%)
$225: .01-4.30 (+42900%)
$230: .02-2.00 (+9900%)
_____

ADBE Weekly $295-305 Calls
$281: 22.00-40.09 (+82%)
$280: 4.00-21.00 (+425%)
$279: 1.64-15.00 (+876%)

Target Corp. TGT – Update

On Thursday morning we signaled a range of extended-term TGT ideas, the TGT 04/03 $98-90 Puts. In addition to current market conditions, the stock was exhibiting a gap to the low-side, and undergoing insider sales. It has created a perfect storm for shorts, and with the way things are going, the rewards should be there for the reaping this week.

We just wanted to remind everyone to watch these plays closely in the next few sessions, as we still expect to see significant gains from these ideas.

Extended Watchlist:
AYTU, KAVL, ZAAG, MRNA, NVNT, OCUL, INO

Short-Term Traders Unphased by Virus

Novint Technologies, Inc. NVNT

As we were just mentioning yesterday morning, the OTC often becomes a haven from uncertainty on the larger exchanges. As the DOW reached terminal velocity in the largest single day loss in history, NVNT, an OTC play we’ve been tracking since nearly the beginning of the COVID-19 outbreak, enjoyed another solid session of gains.

Subsequent to our initial alert on NVNT last month on the 5th, the stock was trading for as little as .017 a share, and as its newly attained high of .06 yesterday, has risen by a margin of 253%

Fresh Options Ideas

We’ve also got a couple of earnings-related options ideas, as the markets appear ready to regain some of the lost ground from yesterday’s session. Dick’s posted a solid bump of same store sales in their Q4 report, while StitchFix cut guidance on annual sales and profits. We’ll also throw in an idea for the SPY in anticipation of some measure of a rebound for stocks today.

DKS Weekly $36-38 Calls
SFIX Weekly $19-16 Puts
SPY Weekly $285-288 Calls

Extended Watchlist:
ATVI, AYTU, PBR, OVV

Market Volatility Spikes, Creating Opportunity

Inovio Pharmaceuticals INO

It appears the markets are once again getting absolutely hammered this morning, and we are back to focusing on those plays which have been enjoying success amid the coronavirus outbreak. INO is chief among them, largely due to the fact that the company plans to begin human testing of a coronavirus vaccine starting next month.

We tagged this stock for observation back on February 27th, and it has continued to set new highs for us all along the way. From our low of 3.83 INO has now reached 16.00, which works out to total increase of 318%

SPDR S&P500 (ETF) SPY – Recap

We also put forth some SPY Calls in Friday morning’s report, the SPY Weekly $294-295.50 Calls and those produced massive gains in a late day surge, ranging from 900-1100% The market volatility that scares most people, gives short term opportunistic traders like ourselves dollar signs in our eyes, and we’ve been coming up big throughout this very tenuous situation. .

Weekly $294-295.50 Calls
$294: .46-4.70 (+921%)
$295: .30-3.70 (+1133%)
$295.50: .24-3.05 (+1171%)

OTC Watchlist

When big boards get crushed, the OTC becomes something of a haven for traders who are looking for some action during this tumultuous time Here we have a watchlist of some of the ones we’ve been tracking, as well as some new targets to watch.

AGTK, FZRO, IPIX, GRPS, RAFA, NVNT, NUGL, PHOT

More Pharma Winners

Pharma Updates

Ocular Therapeutics, Inc. OCUL – We’ve been observing OCUL for a couple months now, beginning with our report from Dec. 30th. The stock did rise considerably in a predictable pattern over the first two months of 2020, and thanks largely in part to the effect the coronavirus is having on many pharma plays, the stock really kicked the increases into high gear this week.

Subsequent to our report just prior to the New Year, OCUL was trading for a little as 3.83 a share, and its new high yesterday came in at 7.48, marking a solid rise of 95%
_____

Inovio Pharmaceuticals, Inc. INO – We signaled INO on Thursday morning, and provided an update again in yesterday’s report. From its low of 3.83, we have now witnessed an upswing of 145% as of the stock’s new high of 9.40 achieved yesterday.

The markets have begun to swing back and forth with just the kind of volatility that we relish, but it is highly unlikely that we are seeing the last of the coronavirus’ effect on stocks in general. With the outbreak not yet contained, it stands to reason that this volatility will persist for the foreseeable future.

Campbell Soup Co. CPB – Options Update

We offered up an options idea for the Campbell’s chain yesterday, the CPB Weekly $49-50.50 Calls. While the 49.50’s didn’t trade substantial volume, the other three contract sets in the range saw some nice moves.

CPB Weekly $49-50.50 Calls
$49: 2.03-3.10 (+53%)
$50: 1.25-2.58 (+106%)
$50.50: .98-2.10 (+114%)

Fresh Options Ideas:
VIPS Weekly $13.50-14.50 Calls
MRVL Weekly $23.50-25 Calls
SPLK Weekly $152.50-149 Puts

Extended Watchlist:
HRAL, ARYC, SPOM, NVNT, IQST, ABML

INO Update & More

Inovio Pharmaceuticals, Inc. INO

We signaled INO on Thursday morning, and this week, the stock has enjoyed some really solid activity, which facilitated the chance at a big gain for traders. We have observed a range of 3.83-7.48 in just a couple of sessions. That works out to total potential profit of 95%

It was a buck of the overall trend as many of these pharma plays have been doing through the coronavirus scare currently in progress. While the markets got a momentary boost from the Fed’s surprise rate cut yesterday, it was not long-lived, and the decline for other stocks continued throughout the majority of the session.

This morning, the stock has hit 8.80 in the premarket, extending our observed gain this week to 130%

While world governments rush to contain the spread of the virus, it would not yet be accurate to call it under control. We would expect much more hardship on the day-to-day for stocks before we’re out of the woods. So plays like INO are a welcome respite during this tumultuous time, and we’ll do our best to keep them coming.

Fresh Options Ideas
CPB Weekly $49-50.50 Calls
JWN Weekly $32.50-30 Puts

Extended Watchlist:
LLIT, NVNT, SPOM, TLRY, TOMZ