Tag: SAAS

Blue Horseshoe Stocks: Wrapping Up Another Great Week

The Priceline Group, Inc. PCLN – Options

After honing in on PCLN options last week as the Expedia/Orbitz buyout was calling massive attention to the sector, we were able find significant gain opportunities. This week, we were treated to continued upward momentum courtesy of Priceline’s earnings release, and the chances to profit have once again been plentiful.

Yesterday morning, we formulated a daytrading idea to watch Weekly PCLN Calls in the $1180-1225 range, and we were not disappointed in the price action that followed. Any of the contracts in that range would have served traders well. :

At the low end of the spectrum the $1180’s traded in a daily range from $24-42, an intraday increase of 75%, while the action closer to the money, like the $1220 Calls, was even more intense. As you can see on the screenshot below, there were multiple swings in those contracts. They first dipped to a low of 3.35 before exploding to 8.30 (+147%) followed by another pullback to 4.00 and a subsequent run back to 8.80 (+120%).

Ascent Solar Technologies, Inc. ASTI

Another big performer from yesterday’s pool of tracked stocks was ASTI. After tagging it in our premarket extended watchlist the stock registered an early low of 1.36 and ran hard in the last hour of trading, touching a high of 2.08. That represented an intraday increase of 53%, and it came on roughly 16x the 3mo. average volume.

CollabRx, Inc. CLRX

Also standing out on yesterday’s report was CLRX, which ran hard out of the gate and made an initial move from 1.67-2.74. That worked out to a spike of 64%, also on heavy volume.

Side Note:

After so much upward momentum, the overall markets could be looking at a pullback today, and even amid a hefty downturn there should still be options opportunities on the table. If that is indeed the case we may be taking a look at potential trades of SPY $210 Puts, or $22 UVXY Calls.

Extended Watchlist:
CRC, MEIP, CLSN, EPRS, SAAS

Blue Horseshoe Stocks: PBR Options Update & More

Petroleo Brasiliero S.A. (Petrobras) PBR – Options Update

We called for a potential dip-and-rip play on PBR Calls yesterday, after following the contracts to gains exceeding 200% on Monday-Tuesday’s spike to .64. We did see the dip back down to the .30-range, and the subsequent rip came too, as the $16 Weeklies we’ve tracked from a low of .20 hit the 300% mark at .80 yesterday.

If you recall Tuesday’s report, we said: “Should PBR approach the 16.35-level, we would then have to consider moving up our strike price.”  PBR did indeed test and break that price target (HOD 16.76) during yesterday’s session, and as a result the $16.50 Calls went on a romp from a low of .18 to .46, an impressive single session move of 155%

We hope our meticulous and spot-on forecasting of the PBR Options chain this week has at the very least, illustrated why we like to cover options just as well as stocks. As you can plainly see, the chances for quick gains are plentiful under the right conditions, as evidenced by the exponential profits offered to us by this play, time and time again.

Even as the talking heads saw fit to downgrade PBR earlier this year, we’ve stuck with it as it was coming off of ten-year lows back in March at 11.25, and brought continuous coverage as the stock has bulled its way up to more than $17. This will definitely go down as one of the brightest spots in 2014, a year that has thus far been extremely good to us.

Med-Cannabis Pharma, Inc. MCPI

We mentioned that MCPI might see some momentum carryover from Tuesday’s session in yesterday morning’s report, and that’s just what we saw. The stock would make an intraday move of 25% from .4375-.5475.

.Monday’s initial alert on MCPI gave folks a chance to grab MCPI as low as .355, from which yesterday’s high marked an increase of 54%

It’s also given us a chance to get our feet wet within the slowly-forming Washington State-based cannabis industry. We’ll have our eyes peeled for others that are sure to pop up as the state makes its transition away from prohibition.

Added Note:

World Wrestling Entertainment, Inc. WWE 

Just to throw in a new options trading idea as we approach the end of the week, we’re going to be monitoring the WWE 09/20 $15 Calls, which closed at .50 yesterday.

Extended Watchlist:
HZNP, LIME, MCP, SAAS, SSYS, DDD