Tag: RSHC

Blue Horseshoe Stocks: RSHCQ Recap, FLSR, PEP Options & More


RadioShack Corp. RSHCQ
–
Our close coverage of RSHCQ has really come through for us as the stock performed very well on Monday and then again yesterday. Our initial alert came at a low of .1251 on Monday morning.

Yesterday the stock made its way up from a daily low of .1461 all the way up to .2145. That was an intraday spike equaling 47%, and measuring from Monday’s low, an overnight increase of 71% so cheers go out to any of our readers who were following this play to some fantastic short-term gains!

As we stated in our previous reports, we plan to keep a close eye on Radio Shack as the company deals with the many complexities of Chapter 11.

New Options Ideas

PepsiCo, Inc. PEP 

In the spirit of taking as much advantage of the current earnings season as possible, we have continued to scour for potential options trading opportunities on earnings beats. PEP is standing out on our radar screen this morning, with Wall St. expectations having been exceeded.

PEP is showing a healthy chart currently in an ascending wedge pattern, and the stock is in the process of breaking all-time highs so we’re also entering blue-sky territory with this one.

Along with its Q4 figures, Pepsi also revealed that it would be initiating a share buyback program to run through 2018 where the company intends to buy back up to $12B of its own stock, which bodes well for the long-term health of the beverage and snack giant. >> View PR

To potentially take advantage of the current conditions with PEP, we’re going to be looking at Calls in the $99-100 range. Yesterday the $99’s closed at .62, the $99.50’s at .46, and the $100’s at .33. After what we expect will be a significant gap-up followed by some measure of profit-taking we will be looking to get ourselves positioned for what could be a strong rebound in those contracts.

We can also keep watch over the Feb. 20th $102 Calls (Last Trade: .23) for a potential swing-trade into next week.

First Solar, Inc. FSLR

Yesterday upon receiving word that Apple, Inc. had negotiated a solar deal with FSLR worth nearly $850M, FSLR went crazy, running into the close and continuing to climb in after-market trading as well as gapping up in today’s premarket action.

As a result of these circumstances, we’re going to be monitoring the FSLR $48 Weekly Calls (Closed 1.51) for what has the potential to be a very nice, rapid gain opportunity.

Alibaba Group Holding Ltd. BABA – Reminder

We also want to take a minute to reiterate our longer-term options strategy regarding BABA.  Yesterday we outlined the March 20th $95 Calls (Closed: .85)  We could see those open a bit higher today as BABA is looking like it wants to gap up to slightly this morning.

Extended Watchlist:
AERO, AKAM, NVIV, LGBI

Blue Horseshoe Stocks: ACGX News, RSHC, Options

Alliance Creative Group, Inc. ACGX

The first thing we want to point out this morning is the exclusive interview we conducted with ACGX executive Paul Sorkin on our sister site, StockTradersTalk.com. It will be available later today, and it gives an in-depth look into all of the exciting things going on with ACGX.

As noted in the corresponding PR below, to see the interview, simply navigate over to StockTradersTalk.com at noon. Don’t miss it! 

CHICAGO, IL–(Marketwired – February 09, 2015) – Alliance Creative Group, Inc. (http://www.AllianceCreativeGroup.com) (ACGX), a product development agency with a fully integrated customer engagement campaign platform, COO and General Counsel, Paul Sorkin, will be a featured guest in an interview today at 12pm EST.

An archived recorded version can be found on the homepage of Stock Traders Talk at http://www.stocktraderstalk.com/ following the interview.

RadioShack Corp. RSHCQ

Following its delisting from the NYSE last week, Radio Shack(formerly RSH) now trades OTC under the new symbol, RSHC(Q). Even amid the company’s financial woes, we had some success with RSH last year.

We’ll be looking at RSHCQ as it comes up off of a bottom of .09 reached on Thursday. The stock began to bounce and Friday, maintained support at the .12 mark. It came in conjunction with the news that 1,700 RadioShack stores were set to begin liquidation-style closing sales as part of a paring down of the company’s brick-and-mortar businesses.

What we’ll be looking for from here is for RSHCQ to register higher highs and higher lows to confirm the uptrend which began on Friday. Current resistance is sitting at .15, .35 and .41.

Options Trading

Twitter, Inc. TWTR
&
LinkedIn Corp. LNKD

We’ve made several great options calls in the last couple of weeks thanks in large part due to the predictable nature of trading action during earnings season.

On Friday, we noted our interest in TWTR $45 and LNKD $263 Calls- TWTR closed at  $48.01, and LNKD closed over $263.40, so anyone trading either set of contracts would have been able to walk away with substantial profits on the day as those strike prices were pushed deep into the money.

Amazon.com, Inc. AMZN

Back on January 30th, we were talking about some AMZN weekly calls, and in that same report we offered up a longer-term idea, specifically the 02/20 $350 Calls. It turned out to be an amazing idea, with those contracts going for as little as 5.58 that day, and running all the way up to $30 last week as AMZN has made its way to $370-range. That marked a move up of 438% inside of a week!

Extended Watchlist:
SPRZ, CTIX, IOSA(merger news)