Tag: SGOC

Blue Horseshoe Stocks: PBR, RSH & Extended Watchlist

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

Our continuous tracking of the PBR option chain never seems to go very long without offering up significant opportunities.  Beginning on August 20th, we placed the Jan.17th $19 Calls on watch for a longer-term trading idea. Following that tag, we would observe those contracts trading at a low 1.23.

This week PBR has pushed to new highs, breaking the $19-mark and maintaining it into its close at 19.21, which landed our $19 Calls at 2.25. That represents a one-week increase of 83% and that figure could stand to inflate even further.

Those who have been following PBR with us since March, when we spied a low of 11.25 will be pleased to know that as of yesterday’s new high of 19.32, the overall increase we’ve seen in the stock amounts to 72%

RadioShack Corp. RSH

We reminded readers of our recent bottom call of RSH yesterday morning, having seen the stock touch its 52-week low at .55. Over the last several sessions it had been regaining some ground, and that pattern continued into yesterday as well.

RSH would trade as low as .91 before pushing through a dollar and closing at its high of day at 1.09. That’s an increase of 20% on approximately 7x its 1-month average volume; a strong move. With a close like that, we’ll be looking for some of the momentum to carry over.

Yesterday’s closing price represents an increase of 98% over our observed low of .55.

Extended Watchlist:
LAS, SGOC, ETRM, CREG, OIBR, SCOK, COBR

BBY Options & Extended Watchlist

Best Buy Co, Inc. BBY
Yesterday morning, we mentioned that we would be “monitoring the in-the-money Calls on BBY… with a strike price at $33.50 and below.” It turned out to be a good decision, as the $33.50 08/23 BBY Calls ran hard out of the gate, only to dip to a low of .50 before an afternoon increase to a new high of 1.44, and settling in to close just a few ticks below at 1.42.

Yesterday was proof-positive that strong earnings reports like the one BBY released on Monday are often conducive to generating chances for sizable options-trading gains. The move marked the opportunity for intraday gains of up to 188%

Earnings-release season is winding down for now, but given all of the success we’ve had in situations like the one that presented itself here, we’re sure to be ready and waiting to take full advantage once the next season begins in a few months’ time.

Wild Craze, Inc.  WILD
The inevitable end to the recent spike for WILD came yesterday, as the stock tanked back to a low of .32, however, opportunity presented itself once again in the form of a bounce back to .a high of .594.

Our original mention of the stock yielded a possible gain 63% as we saw it move from .35 to .57.  Then yesterday’s bounce added a chance at another 52% on top of that, bringing our cumulative gains on WILD so far to as much as 115%  In the event we see another pullback, we’ll be keeping our eyes peeled for similar bounce-action to follow.

Extended Watchlist:
EWSI, SGOC, OINK, VELT(Gapping down to all time lows keep on watch for a potential bounce)