Tag: PGSY

Blue Horseshoe Stocks: SRPT Bottom-Watch

Ulta Beauty, Inc. ULTA

Before we broke for the holiday weekend on Friday, we designated a last minute bearish options idea for ULTA in our premarket report, and thanks to a lackluster day for stocks in general as the markets fell, we saw some nice gains out of those plays, which were the ULTA Weekly $265-260 Puts..

The company also had reported and missed on earnings, receiving multiple analyst downgrades to add fuel to the fire. All of those elements converged to make for the following possible gains for anyone who had caught our alert in the morning.

The $265 Puts traded up from a low of 12.30 and more than doubled as they ran to 26.46 for an intraday move of 115%  The $260’s posted an even bigger gain, running form 7.40-19.90, which worked out to a total possible profit of 169%

Sarepta Therapeutics, Inc. SRPT 

We want to take a look at SRPT as we kick off this short trading week, and form an extended term idea. The stock is heavily oversold at present time as it searches out a bottom, and we would like to be ready and waiting when what we feel is an imminent recovery begins.

There is also a massive topside gap on the SRPT chart that could give the stock even more breathing room when it finally makes its reversal and begins to trend up again. We are going to give ourselves plenty of time on this one, signaling the SRPT 10/04 $91.50-94 Calls to watch in coming weeks.

Extended Watchlist:
VIVE, ARDX, GGAL, TBLT, BNGO, SUPV, TBLT, PGSY

Blue Horseshoe Stocks: SPDC Update, Options Ideas & More

Speed Commerce, Inc. SPDC

We tagged SPDC for observation in our premarket report on Friday, and what has followed is two consecutive days of upward momentum.

We observed a low of .018 on Friday morning, and a subsequent high of .0289 for an intraday gain of 61% Then yesterday the stock traded in a range from .0289 to .041, for a 42% intraday rip. All told, SPDC made an total session-over-session swing of 128% since we began tracking the stock.

We’ll continue to do so for the time being- the recovery off of recently recorded annual lows has been rapid, as can be seen on the following chart snapshot. A return to PPS-levels of just a few weeks ago would mean significant gains from the current price, so we’ll have our eyes peeled for the possibility of a continued uptrend.

Fresh Options Ideas

After poring over the earnings calendar from post-market yesterday and this morning, we came across a pair of interesting plays for which we’ll formulate a couple of correlated options ideas.

FirstMerit Corp. FMER

Despite an earnings miss this morning, FMER is flying in premarket trading on concurrent news of a $3.4B buyout/merger with Huntington Bancshares in a deal that will effectively create the state of Ohio’s largest regional bank. We’re going to tag the FMER 02/19 $17.50 and $20 Calls for potential dip-and-rip scenarios.

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Rambus, Inc. RMBS

Regarding RMBS, we’re seeing a classic earnings-beat gap up to the tune of 7% in early trading today. Better than expected figures were released post-market yesterday, so we’ll be tracking a set of contracts here as well. Specifically, the RMBS 02/19 $12 Calls.

Extended Watchlist:
AEZS, AMBS, SBFM, PGSY, BVAP, VRCI,