Tag: ONVO

Blue Horseshoe Stocks: Perfectly-Timed Bottom Plays & More

Allakos, Inc. ALLK –  Recap

We began tracking ALLK on Monday morning, and formulated some options ideas ($45-60) which worked for us in Monday’s session, bringing in some nice gain opportunities. Then yesterday rolled around and we shared the huge news reported by the company in our premarket report along with the gains that our options ideas made.

The news on ALLK proved to be very influential on the activity of the stock, pushing it even further than Monday’s big surge had taken it. From the low that morning of 60.34, ALLK has run all the way up to a new high yesterday at 85.40, which marked a two-day upswing of 42%

While the lower end of our tracked options range was too deep in the money to see any real progress, the $60 Calls remained in play, and hit a high of 23.82. From our observed low of 6.75 on Monday, those contracts rose by a whopping 253%
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We also signaled interest in the Innovative Industrial Properties, Inc. IIPR 08/16 $100-105 Calls 
yesterday, and those got off to a modest, yet promising start. The $100’s traded in a range from 6.50-7.90 for a rise of 22%, while the $105’s ran 23% from 4.50-5.90. We’ll continue to monitor these ideas into their expiration next week.
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Fresh Ideas: 
CVS Weekly $55.50-57 Calls
SPY Weekly $286-285 Puts


Durect Corp DRRX

We also want to highlight the incredible performance that DRRX has had this summer to finish things up this morning. We tagged the stock for observation on May 28th, at which time we observed a low of .50, and it turned out to be a great nbottom call, as it hasn’t looked back since.

Slow and steady growth over the past two months has brought DRRX to a new high of 1.44 this week. That represents an overall increase of 188% in the time we’ve been observing this play.

Extended Watchist: 
MRNA, EVH, CPE, ENDP, AVGR, TVIX, APVO, ONVO

Blue Horseshoe Stocks: New Options Plays & More

Turtle Beach Corp. HEAR

This morning to kick things off, we are going to take a look at HEAR, which has gained a bit of momentum over the past couple of sessions after bouncing off a bottom earlier this week. ‘

Technically speaking, the chart has everything we typically look for- a bullish cross of the MACD recently came to pass and we are now seeing clear upward divergence there, and the RSI just cracked the 50-line, indicating that it too is going bullish.

Couple those factors with the convincing surge off of the stock recent relative lows, and we are set up for a possible continuation of momentum, for which we want to be ready with an options idea. We’ll be tracking the HEAR Weekly 10/18 $12.50-15 Calls.

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More Options Ideas

SPDR S&P500 ETF (SPY) Weekly $283-284 Calls
Stitch Fix, Inc. SFIX Weekly $31-30 Puts

Galectin Therapeutics, Inc. GALT – Form-4 Alert

We also want to make mention of GALT, which has been trading sideways near its 6-month lows recently. During this period, we’ve noticed a nearly $20M buy from a GALT insider at these lows.

When this happens we usually like to place a stock on bottom-bounce watch, as it generally tends to suggest that the company director has reason to believe that the stock has reached as low as it’s going to go for the time being.

Extended Watchlist:
AMPG, BOX, TWI, CIEN, ONVO, HIIQ, PBYI, WMGR

Blue Horseshoe Stocks: LAHO Recap & More

Lans Holdings, Inc. LAHO

When we picked up on LAHO on Tuesday, it was what we refer to as a super-subpenny stock, trading at a low of just .0005/share. Over the past two sessions it has made an incredible move. Yesterday, after gapping up in the morning, LAHO went on to set a new high of .0017, which works out to a 48-hour swing of 240%

Following that high, the stock came back down to fill the gap it left, and we are going to want to see .0009 hold as support in order to give us a good likelihood of seeing further moves from LAHO in the near-term, but as it currently stands, it has already been a great intraweek play for us no matter how you slice it.

FRESH OPTIONS IDEAS

We’ve also got a pair of options ideas from companies that have untraded-upon earnings reports. We’re bearish on Palo Alto Networks, which reported yesterday post-market, and bullish on Dollar General, whose report dropped this morning in the premarket, including a solid beat on both earnings and same-store sales for the quarter.

PANW $202.50-200 Puts
DG $122-124 Calls

Extended Watchlist:
VTGN, BYND, CFMS, ONVO, REKR