PRCX Archives - Blue Horseshoe Stocks

Coping With Tough Conditions, Trio of Fresh Ideas

Tuesday’s Movers:

While we didn’t exactly have a landmark session yesterday, we did manage to eke out a couple of solid options trading plays despite the harsh environment we’re experiencing at the present time. Nobody’s ever going to be perfect in their assessments, and we have been contending with a tumultuous time for stocks in general. That being said, we never get discouraged, and always keep our noses to the grindstone!

Yesterday’s fruitful targets were the NVDA Weekly $136-138 Calls, and the GTLB 09/16 $50 Calls, the potential gains of which we have listed below. As for how we’ll get along for the remainder of this short week, things are looking up today with a much more substantial slate of names on the earnings calendar.

NVDA Weekly $136-138 Calls
$136: 2.46-4.40 (+79%)
$137: 2.10-3.85 (+83%)
$138: 1.73-3.30 (+91%)
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GTLB 09/16 $50 Calls
$50: 2.40-3.60 (+50%)

Fresh Options Ideas:
PATH 09/16 $15-12.50 Puts
NIO Weekly $17-16 Puts
COUP Weekly $61-63 Calls

Trans Global Group Inc. TGGI – OTC Recap:

We also want to give a brief update the recent run that TGGI has put together. We have been tracking this stock via our daily extended watchlists fairly closely through August and into this month, and subsequent to our alert on the 12th, we would witness a low of .0078. After hitting .0175 that works out to a run of 124%

Extended Watchlist:
BIVI, IMRA, SPRO, BPTS, BIAF, QNRX, AVYA, UCLE, GDVM, BYOC, ONEI, RXMD, PRCX

Friday’s Big Winners, Fresh Ideas & More

Solid Options Runners:

To close things out for the short week on Friday, we had a pair of quick-strike options ideas in the LULU and OKTA chains, as well as a longer term target for ASAN in our premarket report. Despite a rather subdued session for the markets in general wherein we saw a gap-down in the morning, and not much progress toward a recovery throughout the day, we were still able to manage some very nice gain chances.

Our specific areas of interest for the day were the LULU Weekly $300-307.50 Calls, the OKTA Weekly $106-108 Calls, and the ASAN 06/17 $22.50 Puts. Both sets of calls produced multi-bag profit possibilities on the day, with ASAN not lagging far behind. We’ve also got a week and change before they expire, so we’ll continue to monitor those as well. As for Friday’s moves, here’s what these ideas put forth for the session:

LULU Weekly $300-307.50 Calls
$300: 2.55-7.35 (+188%)
$302.50: 2.00-5.60 (+180%)
$305: 1.41-4.50 (+219%)
$307.50: .94-3.40 (+262%)
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OKTA Weekly $106-108 Calls
$106: 1.16-2.87 (+147%)
$107: .84-2.05 (+144%)
$108: .48-1.39 (+190%)
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ASAN 06/17 $22.50 Puts
$22.50: 1.82-2.90 (+59%)

Fresh Options Ideas:

We are heading into an extended dry spell with regard to the number of big name companies dropping their earnings reports, which is going to persist for the next several weeks. We’re used to traversing these periodic ‘earnings deserts’, and as always, we’ll still be working hard every day to find the best opportunities possible, which for us, generally includes a heavy reliance on the SPY- our favorite market analog.

SPY 06/06 $413-415 Calls
FUTU Weekly $38.50-40 Calls
QDEL 07/15 $85-95 Calls

Extended Watchlist:
ZNOG, AERG, BDCO, QEDN, SHMP, IGEX, ABQQ, PRCX, DIDI, YMTX, MULN, CRIS, QNRX, ARRY, BZ, YMM

Playing the SPY Like a Fiddle, Fresh Ideas

SPY Calls Surge on Market Pop:

We had just some daily SPY Calls and a longer term idea in yesterday morning’s premarket report, the latter of which isn’t really primed for an immediate update, but we most certainly came down on the right side of the fence with the SPY. The markets ripped all day long, and provided us with the catalyst for some really nice intraday gain opportunities.

We were tracking the SPY 05/23 $391-393 Calls, and all three of the contract sets contained within recorded huge multibag runs for us. The total possible daily gains were as follows:

SPY 05/23 $391-393 Calls
$391: 2.04-6.82 (+234%)
$392: 1.58-5.81 (+268%)
$393: 1.19-5.05 (+324%)

Fresh Options Ideas:
NTES Weekly $98-100 Calls
WOOF Weekly $15-16 Calls
ZM Weekly $91.50-93 Calls

Watchlist Runners:

We saw some solid movement out of some of the plays off of yesterday morning’s extended watchlist. CBIO ran following the announcement of a $60M asset sale to Vertex, while GOVX was another stock boosted by the rising concerns over monkeypox, which has officially made its way to the US, and seems to a hot-button catalyst for related plays at the moment. .

Catalyst Biosciences, Inc. CBIO
Daily Range: .90-1.47
Gained: +63%
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GeoVax Labs, Inc. GOVX
Daily Range: 1.65-2.85
Gained: +73%

Extended Watchlist:
RGBP, IGEX, PLPL, ETCG, PRCX, TONR, EVOL, TXTM, BIMI, ZVO, GFAI, BTTX, SWTX, CTEK

More Sweeping Options Success, Fresh Ideas

A Second Consecutive Clean Options Sweep:

We crushed it on options ideas in Friday morning’s premarket report, setting our readers up with three earnings related trading possibilities, all of which produced big intraday gains. The markets slid all the way until shortly after lunchtime, and then clawed their way back, running into the close, which allowed for great movement in both our bullish and bearish ideas. It was the second straight day where literally everything we highlighted went bananas.

We were tracking the FL Weekly $29-31 Calls, the PANW Weekly $475-487.50 Calls, and the DE Weekly $360-350 Puts, and each and every contract set contained within those ranges recorded large runs, and yielded the chance at the following excellent gain opportunities:

FL Weekly $29-31 Calls
$29: 1.80-2.80 (+56%)
$30: .87-1.85 (+113%)
$31: .38-.99 (+161%)
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PANW Weekly $475-487.50 Calls
$475: .25.-3.67 (+1368%)
$477.50: .20-2.00 (+900%)
$480: 5.98-16.00 (+168%)
$482.50: 6.06-11.00 (+82%)
$485: 4.00-11.89 (+197%)
$487.50: 3.77-10.55 (+180%)
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DE Weekly $360-350 Puts
$360: 15.50-51.00 (+229%)
$355: 14.00-47.04 (+236%)
$350: 12.35-45.42 (+268%)

Fresh Options Ideas:
SPY 05/23 $391-393 Calls*
COIN 06/10 $70 Calls

*Trading options on their day of expiration can be risky. Please don’t try it unless you are well-versed in options trading.

Siga Technologies, Inc. SIGA – Update:

It’s always a good idea to copy our daily extended watchlists into your favorite tracking site/software and monitor their activity along with us. Many times they will contain hidden OTC gems like SIGA, which just received FDA approval for intravenous (IV) formulation of its TPOXX® monkeypox treatment. It was even mentioned by name in a recent budget request from the Biden administration for treatments against the rising health threat.

SIGA appeared in Thursday morning’s extended watchlist and saw a low of 8.00 that day. This morning in early trading the stock is up as much as 119% to a premarket high of 17.50. We will continue tracking its movements as the FDA news continues to filter through the investment community.

Extended Watchlist:
PBI, CMRX, GOVX, CBIO, VMW, PRCX, THER, RDGL, HIRU, ITNS, URYL

Options Plays Yield Big Moves & More

Bullish Options Run Wild:

We presented our readers with a full slate of earnings based options ideas in yesterday morning’s premarket report, and with the aid of a pretty solid session for the markets in general, all of our bullish ideas were good for significant intraday gains. Only GLBE failed to behave as we suspected it might, but the other three produced considerable multibag runs for us.

Our winning targets were the SE Weekly $75-79 Calls, the HD Weekly $302.50-307.50 Calls, and the TTWO Weekly $112-115 Calls , and the total intraday moves and largest potential gains were as follows:

SE Weekly $75-79 Calls
$75: 3.37-8.90 (+164%)
$77: 2.41-7.15 (+197%)
$78: 2.09-6.58 (+215%)
$79: 1.70-5.55 (+226%)
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HD Weekly $302.50-307.50 Calls
$302.50: 1.52-5.73 (+276%)
$305: 1.09-4.47 (+310%)
$307.50: .80-3.30 (+313%)
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TTWO Weekly $112-115 Calls
$112: 8.30-12.26 (+48%)
$113: 6.80-11.60 (+71%)
$114: 5.80-9.50 (+64%)
$115: 5.20-9.70 (+87%)

Fresh Options Ideas:
TJX Weekly $56-58 Calls
DT Weekly $33.50-35 Calls
ZIM Weekly $66-68 Calls

Good Hemp, Inc. GHMP – Recap:

We’ve also been tracking GHMP, which last appeared in our reports on monday of last week, the morning of the 9th. Following that report, the stock was changing hands for as little as .0174, and yesterday it managed a new high of .057. That works out to a one week swing of 228%

Extended Watchlist:
SMDM, SYSX, PRCX, IGDX, PDPG, ILST, PACV, BRQS, NCMI, GNUS, DPSI,