Blue Horseshoe Stocks: GLYC Breaks Out & More

GlycoMimetics, Inc. GLYC

The star of the show from yesterday’s premarket report was definitely GLYC, which we tagged in the extended watchlist after noticing the increasing accumulation and uptrend forming in recent sessions.

That trend was kicked into high gear with more than fifty-six times the three-month average volume pouring into the stock as GLYC traded up from a low of 7.21 and reached 11.58 for an intraday move of  61% The overall range we’ve seen here has been extended this morning in the premarket as well with the stock hitting a high of 12.05; that boosts our observed range to 67%

With GLYC shooting up so rapidly, we’ll want to be on the lookout for a potential dip-and-rip scenario, which we see quite a bit in these sort of situations.


Petroleo Brasiliero S.A. (Petrobras) PBR

It’s been awhile since we formulated an options idea for one of our old favorite targets in PBR, most recently being back in April. We often come back to the PBR well because it provides a lot of opportunities, and we’ve spotted what could be the next opportunity today.

Brazilian markets got crushed yesterday amid yet another government corruption scandal, causing a massive loss in share value for PBR in the blink of an eye. Today, it’s already snapping back and starting to recover in the premarket, so we want to formulate some options ideas to turn to in the event that the trend persists.

For quick-hit daytrading possibilities, we’ll have the PBR Weekly $8.50 and $9 Calls*, and for a longer-term idea we’ll have the PBR 06/30 $9.50 and $10 Calls on watch.
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Another Fresh Idea: Deere & Co. DE Weekly $118-121 Calls*
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*Never attempt to trade weekly options on a Friday unless you are a highly experienced trader- it’s an exceedingly risky proposition.


Extended Watchlist:
ARNA, BRAV, DYN, ROSG, VNCE,

Blue Horseshoe Stocks: Great Start to the Short Week

Oncolytics, BioTech, Inc. ONCYJumping off of yesterday’s extended watchlist was ONCY, which not only produced a fruitful session yesterday, but continued to push its upper limits this morning as it touched a premarket high of .90.

After tagging this play yesterday, we witnessed a low of .57 before ONCY took off to set a daily high of .74 (+30%). As of this morning’s premarket high of .90, the stock had registered a total increase of 58%


Lucas Energy, Inc. LEI

LEI put up a pleasing performance as well yesterday. After being included in Friday’s report and making a move from .26 to .362 (+39%), the stock continued its trend, cutting a path from its daily low of .34 on up to .45.

That run marked an intraday gain of 32%, and an overall increase of 73% over our observed low on Friday.


Gevo, Inc. GEVO

GEVO, another inclusion in Friday’s watchlist, also made gains for the second consecutive session, trading in a range from .257-.30 (+17%). At its high, it registered as an increase of 49% from Friday’s low.


MagnaGas Corp. MNGA

MNGAalso appeared on our extended watchlist yesterday, and made a comparatively modest yet solid 16% move during yesterday’s session.


Yesterday’s Options Ideas

We focused on some longer-term ideas with the following two plays yesterday, and despite that fact, were very pleased with the immediate price action.

VASCO Data Security International, Inc. VDSI – The 03/20 $25 Calls we outlined in yesterday’s report made two sizable swings. First, from 5.11-7.10 (+39%) followed by a big pullback to 1.60 before it ripped back to 4.60, adding a huge intraday move equaling 187%

Similar action in the weekly calls at the same strike price (4.91-6.70, .72-4.21) could also have facilitated large gains.

Medtronic plc MDT – In MDT we zeroed in on the 03/20 $77.50 and $80 Calls, and both sets of contracts made big moves for us. The $77.50’s ran from a low of 3.70 and went on to touch 5.90, marking an intraday spike of 60%, and the $80’s would trade in a range from  .36-.83, which is a 130% jump.

Like VDSI, our longer-term idea could have applied to the weekly contracts here as well.


Extended Watchlist:
ROSG, ANGI, MSN, CUR, NOR, RUSS (Potential Bottom Bouncer)

Blue Horseshoe Stocks: AAN, RFMD, FTNW & Extended Watchlist

Aarons, Inc. AAN – Options

One item of interest that we’ve been waiting to touch upon is AAN. We’ve watched as the stock has taken quite a beating over the past few weeks, and are presently scanning for a bottom. After losing so much ground over so short a time period, when support is found, the recovery on AAN could end up allowing for some rapid profits in the options chain.

While we need to first observe a solid base of support before setting our short-term call strategy, there are already a pair of longer-term contracts that we’re going to put on watch. The November 22nd $29 and $30 Calls (trading yesterday at 3.20 and 2.05, respectively) could see significant rises in value once a reversal occurs on the chart.


RF Micro Devices, Inc. RFMD

We brought RFMD up as a topic of discussion this past Friday, mentioning that the spike catalyzed by the release of record revenues was likely to lead to a classic ‘dip-and-rip’ scenario. That keen instinct has thus far paid off, as the stock did indeed dip to 10.74 before rebounding as high as 11.79 (+10%), achieving higher lows each day over the past four sessions.

As a result of the trend, we’re going to have our eyes on the September $12 Calls, which closed at .70 yesterday.


FTE Networks, Inc. FTNW

FTNW hit our news scanner this morning and will be a stock that we monitor as the trading session opens today. The PR alludes to some lucrative contracts, so we’ll be interested to see how it reacts to such significant press.


Extended Watchlist:
LPSN, FCEL, EVRY, ROSG, USU, JRN, TSLA (Earnings report)