RIG Archives - Blue Horseshoe Stocks

Big Options Winners & More

Options Reviews:

To begin this fresh trading week, we are going to recap some of the options trading ideas that we formulated in Friday morning’s premarket report. It was a solid finish for DIS, RIG, and ORCL, and a strong close to what was an exciting week.

Here are the major gains that we identified, as we’re strapping in for what promises to be another fruitful week of stock and options trading:

DIS Weekly $160-165 Calls
$160: 5.93-19.24 (+224%)
$162.50: 4.01-16.62 (+314%)
$165: 2.63-14.35 (+446%)
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RIG Weekly $2.50 Calls
$2.50: .06-.18 (+200%)
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ORCL Weekly $59.50-61 Calls
$59.50: .32-1.20 (+275%)
$60: .12-.69 (+475%)
$60.50: .05-.25 (+400%)
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Fresh Options Ideas:
LEGN Weekly $25-30 Calls
WB Weekly $40-41 Calls

Pressure BioSciences, Inc. (OTCMKTS:PBIO)

The last time we checked in with PBIO, we assured our readers that we would promptly pass along any news updates that came down the pipe, and we have a fresh PR waiting for us as we kick off a fresh week this morning.

It alludes to a webcast conference that will be taking place on Thursday, which is of prime importance to both existing and prospective shareholders, and other members of the investment community. Details below on how to register for participation:

NEW YORK, Dec. 14, 2020 (GLOBE NEWSWIRE) — Life Sciences Investor Forum today announced the agenda for its quarterly event for public and private companies, investors and industry professionals from around the world. This day-long virtual event will showcase live company presentations and interactive discussions focused on the life sciences industry.

Individual investors, institutional investors, advisors and analysts are invited to attend. The program opens at 9:15 AM ET on Thursday, December 17th with the first live webcast at 9:30 AM ET.

REGISTER NOW AT : https://bit.ly/3oTRSRH

(>>View Full PR via OTCMARKETS)

Extended Watchlist:
AEPT, MJLB, SFOR, HAVLF, ZAAG, KGKG

ROKU Recap, Fresh Options Plays

Roku, Inc. ROKU – Recap

We’re going to close out this trading week by recapping the moves in the ROKU Calls we signaled for tracking on Wednesday morning. We were interested in the momentum that was built up in the stock over an extended period, and we took a shot with the ROKU Weekly $310-315 Calls.

Yesterday brought just the sort of activity we were looking for, mas ROKU posted a very nice move on the day, allowing for the following new highs and gain opportunities in those contracts:

ROKU Weekly $310-315 Calls
$310: 2.29-12.68 (+454%)
$315: 1.37-8.69 (+534%)

Fresh Options Ideas:

We have a large group of potential options plays as this trading week draws to a close, with several big name earnings reports dropping. Disney announced several new and highly anticipated shows to come in 2021 and is trading vigorously in the premarket. Here’s what we’re tracking heading into week’s end.

QIWI 01/15 $10-12.50
DIS Weekly $160-165 Calls*
RIG Weekly $2.50 Calls*
BTU 12/18 $2 Calls
ORCL Weekly $59.50-61 Calls*

*Please don’t attempt to trade options with a weekly expiration on a Friday unless you are a well-seasoned trader with access to disposable funds!

Extended Watchlist:
BSGM, HAVLF, DLOC, JNSH, KGKG

HUGE Options Success on Short Week

Johnson & Johnson JNJ

Our coverage of JNJ options continues today as we close out this short trading week. We have been hot on the trail of this chain since last Monday, adjusting our ideas as we go, and have landed on the JNJ Weekly $140-142 Calls. Those contract sets have set new highs for us multiple times already, and yesterday’s session was no exception.

The markets went on another tear, going majorly green across the board, and that produced the following ranges and potential intraday mega-gains:

JNJ Weekly $140-142 Calls
$140: .55-4.40 (+700%)
$141: .37-3.35 (+805%)
$142: .25-2.68 (+972%)
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SPDR S&P500 (ETF) SPY – We would also like to update on the SPY calls we made this Monday morning. We signaled the Weekly $258-260 Calls, and those have made some really nice headway as well, providing for the following gain opportunities:

Weekly $258-260 Calls
$258: 4.07-16.85 (+314%)
$259: 3.61-15.86 (+339%)
$260: 3.11-15.13 (+386%)

We will go ahead and roll up to track the SPY Weekly $274-275 Calls into the close today.

More Options Updates

We also generated a pair of fresh ideas for yesterday’s morning report based off of earnings, and both of those played fairly well on the day.

LEVI 04/17 $12-13 Calls
$12:.80-2.00 (+150%)
$13: .30-1.15 (+283%)

SGH 04/17 $22.50-25 Calls
$22.50: 2.05-3.21 (+52%)
$25: .65-1.85 (+185%)

Extended Watchlist:
USWS, TLSA, TBLT, NLS, ZSAN, RIG, MFSO

Added Note:

We have been getting an inordinate amount of new subscribers in recent weeks, with more people at home, and still more who are simply trying to maximize their trading opportunities during this difficult time. Regardless of your reasoning for joining our ranks, we would like to offer you a big ‘Welcome to the Family’, and encourage all newcomers to take advantage of our live daily traders chats on Skype (Send contact request to “stocksumo”)

Blue Horseshoe Stocks: APHA, MDCA & More

Aphria, Inc. APHA

Yesterday morning in our premarket report, we said that the unusually high short interest in APHA was one of the factors playing into our decision to designate it as a bottom-watch play. The rebound we were looking for came instantaneously for us with APHA heating up, and the short squeeze was on.

From a low of 3.75, the stock cruised on up to a high of 5.59 for a daily burst amounting to 49% on considerable volume. We’ll be looking for APHA to continue to make up some of the ground it has lost over the past month.

MDC Partners, Inc. MDCA

Another stock we included as a bottom play yesterday, MDCA also experienced a solid performance on the day. It traded from a low of 2.57 on up to 3.29, for a moderate but respectable 28% gain.

It also factored in as the NASDAQ’s fourth largest gainer of the session. The run came to an end right around an area of previous resistance, so we’ll look for it to break that top in the sessions ahead.

Fresh Options Ideas

Cronos Group Inc. CRON Weekly $13-15 Calls* – As we were just mentioning on Tuesday, we first tagged CRON back on Halloween, at which time the stock was trading at a low of 7.10. This morning in the premarket the stock has attained an impressive new high of 14.58, marking a five week run of 105% The above mentioned calls are how we’re going to attempt to take advantage of today’s new movement on the chart.

Lululemon Athletica, Inc. LULU Weekly $130-133 Calls*

SDPR S&P 500 ETF (SPY) Weekly $268-270 Calls*

*Caution: NEVER trade options contracts with a weekly expiration on a Friday unless you are an expert level trader with disposable funds!

Extended Watchlist:
SGSI, DNR, NOG, RIG, OMED, WTI, WLL, CRC, CASI, KTOS

Blue Horseshoe Stocks: INFI Review & More

Infinity Pharmaceuticals, Inc. INFI

The stock with the most notable performance from yesterday morning’s watchlist was definitely INFI, which began trending up in the premarket, and continued its climb throughout the entire session.

The stock traded up from a low of 2.44 to 3.75, which works out to an intraday rise of 54% and it came on roughly 38X its monthly average volume. An early pullback from profit taking this morning would be a likely scenario, but if INFI can find support at a higher point than yesterday’s low, from

AcelRx Pharmaceuticals, Inc. ACRX

After the FDA’s rejecion of the company’s ‘Dsuvia” opioid painkiller, ACRX took a monstrous pounding yesterday down to its lowest price in three months.

As you can see on the chart, it fell all the way down to an area of support it had established back in July. We’ll be interested to monitor this play for a bottom, which could come at any time. Moves generated by FDA news, whether positive or negative, tend to be over-exaggerated and are almost always followed by a course correction.

Inotek Pharmaceuticals Corp ITEK

Here we have an example of being extremely ‘early to the party’ as we sometimes say. We alerted on ITEK back in July, after which point it saw a low of .89. It mostly traded sideways throughout the remainder of the summer, but recently began quite an impressive climb.

This morning, the stock hit news highs of 4.15 in premarket trading on news of a proposed merger with a clinical stage gene therapy company. It may have took a few months to realize, but it works out to an increase of 366%

For an added angle going forward, we’ll also signal the ITEK 10/20 $2.50 Calls for possible daytrades and/or swing trades into next week, and the 11/17 $2.50 & $5.00 Calls for a longer term idea.

Extended Watchlist:
SONS, MARK, HSC, DPW, AKS, CLF, RIG, ATNM, MGEN