Tag: SANP

Blue Horseshoe Stocks: CHKE Recap, Options Ideas & More

Cherokee, Inc. CHKE – Update

We flagged CHKE yesterday as a stock we felt was undervalued coming off of a particularly rough month that saw it get beaten back to new 52-week lows. Our ‘bottom-feeding’ sense immediately kicked in, and in a timely fashion at that. The stock did indeed exhibit the early signs of a recovery, registering higher lows than the session prior, and making a modest move up from 14.67-15.83 (+8%).

We’re going to want to continue to track CHKE for the possibility of a protracted rebound (Remember, there is also a massive gap to fill on the chart), and in that event we’ll be looking to possibly take advantage using the CHKE options chain. We’ll look at the only contracts that had open interest yesterday, which were the 10/16 $17.50 Calls (Last Trade: .30).

If CHKE were to regain even half of the ground lost between its current PPS and that of a month ago, those calls will be pushed deep into the money, and would provide us with a chance to profit tidily.

Santo Mining Corp. SANP

SANP is a super-subpenny play we flagged for observation on Monday, and it didn’t take very long for us to observe a nice move from the stock. Following a low of .0003 on Tuesday, SANP has made a good intraweek swing of 133%, trading as high as .0007 yesterday on volume which exceeded the monthly average volume by six times.

There really wasn’t a heck of a lot going on with this play prior to the beginning of this month, and this weeks activity has come on the heels of the company securing a new Chief Market Officer with an impressive resume, so we’ll be interested to follow along and see what he has in store in the way of changes for SANP.

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Added Note:

Speaking of super-subpennies, Embarr Downs, Inc. EMBR has caught our eye this morning as a play that bounced off of its 52-week low and made a brief move into subpenny territory yesterday. We’ll have this one on watch as well, in case further action provides a chance for quick intraday strikes.

Extended Watchlist:
AERI, CVC, SIRG, GTSO,
BGMD(Bottom-Watch)

Blue Horseshoe Stocks: GRLT Recap, Options Ideas & More

Healthy & Tasty Brands Corp. GRLT

In Friday’s morning report, we tagged GRLT, a super-subpenny play, for observation and the stock did make a nice initial move right out of the starting gate. It had been continually building a higher base level of support since the end of August, and continued that trend as it ran from .0005-.0007; a 40% jump. The move came on approximately 3X the 3-month average volume, and GRLT did manage to hold a PPS of .0006 into the close.

This is one that we’ll continue to watch for possible intraweek swing-trade opportunities in the near future. As we mentioned in Friday’s report, we’ll need to see it maintain support at or above the current 50DMA of .0004 in order for it to hold our attention moving forward.

Amazon.com, Inc. AMZN – Options Update

One of our main points of focus on Friday was an idea we formulated for the AMZN options chain. Looking at the activity on the AMZN chart as it was breaking out, we came up with an extended-term target of the AMZN 10/16 $550 Calls  and we saw some immediate response from those contracts. They traded in a daily range from 10.17 up to 11.89 marking a solid 17% increase.

If AMZN can continue its uptrend to the point of testing it’s annual highs, our targeted Calls will be pushed deep into the money, and in that case, would produce further opportunities down the road.

Apple, Inc. AAPL _ Options Idea

AAPL is gapping up this morning on positive pre-sale numbers for the new iPhone 6S Plus, and we’re going to go ahead and formulate an idea for some possible intraday/intraweek options-trading opportunities.

We want to signal our interest in AAPL Weekly $115-116.50 Calls on the heels of what could be a potential dip-and-rip scenario on the chart. Either way, we’ll be watching AAPL activity closely as we kick off this new trading week.

Extended Watchlist:
TBEV, ATHI, SANP, BPMX, ZUMZ(New 52-wk lows)