SIPC Archives - Blue Horseshoe Stocks

Blue Horseshoe Stocks: RT Recap, Fresh Ideas & More

Ruby Tuesday, Inc. RT – Update

It was in our premarket report the Friday before last that we perfectly called the bottom on Ruby Tuesday, as the stock registered a new 52-week low of 2.08 that day. It spent last week pushing its way ever upward, reaching a high of 3.20 on Friday, which works out to an increase of 54%

The extended term options idea that we formulated, the RT 11/18 $2.50 Calls, have also broken out as a result. From the low of .05 on the morning of our first alert, to Friday’s new high of .60 represented an astonishing one week swing of 1100%

We’ll want to continue to keep ourselves abreast of the situation here as we kick off another trading week. We want to see RT continue to register higher support levels each day, and with plenty of time left until the expiration of those contracts, a sustained rally for the stock would mean more gains on the options side of things as well.

Hasbro, Inc. HAS – Options Idea

We’re seeing another potential options trading opportunity unfolding with Hasbro this morning on the heels of its premarket earnings beat. In this case, the stock has also recently come down to 6-month lows, and is approaching heavily oversold territory. As our regular readers are aware, we’re always on the lookout for plays of this nature. Our targets of interest will be the HAS Weekly $79-81 Calls, unless the stock breaks 81, in which case we’d roll our strike price up to match the activity.

Sipp Industries, Inc. SIPC

We want to tag SIPC for observation this morning after running across a new PR in which the company disclosed that it has retired 395 Million shares (>>View PR).

Additionally, the stock has been in the process of consolidating off of a recent run to nearly a penny, so we’re going to be on the lookout for a potential dip-and-rip scenario.

Extended Watchlist:
CTRV, NEON, ENZ, OMER, UBQU,
STOY(Bottom-Watch)

Blue Horseshoe Stocks: The Week in Review & More

SPDR S&P 500 ETF (SPY) – Options Recap

Our idea in weekly SPY calls has repeatedly produced this week, continuing the trend from Wednesday with a really nice session yesterday. Each of the three contracts in the our highlighted range of SPY Weekly $204-206 Calls pushed the upper limits and soared to new highs as markets rallied for the third straight day.

On the table below, we’ve included both yesterday’s daily gains, as well as the total increase off of our observed lows from Wednesday (1.45, .87 and .47 respectively):

$204 Calls – Range: 2.59-5.46 – Intraday Gain: 111% – Overall Move: 277%
$205 Calls – Range: 1.68-4.51 – Intraday Gain: 168% – Overall Move: 418%
$206 Calls – Range: .83-3.58 – Intraday Gain: 331% – Overall Move: 662%

Mobileye N.V. (MBLY) – Update

We also had a fresh idea in yesterday’s report, namely the MBLY Weekly $44.50-46.50 Calls. While we didn’t see a full sweep of our observed range in terms of big potential profits, three out of the five sets of contracts recorded sizable intra-session pops, including a monstrous octuple-bagger in the 46’s!

$45 Calls – Range: 1.80-2.50 – Max Gain: 144%
$46 Calls – Range: .31-3.00 – Max Gain: 868%
$46.50 Calls – Range: .70-1.50 – Max Gain: 44%

Netflix, Inc. NFLX – Fresh Options Idea

We’ll go ahead and close out what has been a fruitful trading week for options with one final idea. We’re going to zero in on NFLX Weekly $93.50-95.50 Calls. We’ll need to see NFLX hold above its premarket low of 93.49 on any pullbacks for our interest in these contracts to remain in force, and if this week’s market-wide recovery trend perpetuates, it shouldn’t have much trouble doing so.

*As usual, we’ll warn our less-seasoned readers that messing with weekly options contracts on a Friday is an inherently risky proposition for expert traders only!

Five Star Quality Care, Inc. FVE

We also want to provide a quick update on a stock we tagged for observation in yesterday’s watchlist. While the intraday gains amounted to a modest 14%, we’re going to be keeping an eye peeled for further activity as we head into the long holiday weekend.

If the stock can maintain support above the current 50DMA of 2.13 on any forthcoming consolidations, it will continue to hold our interest.

Bottom Watchlist:

The following will be on our radars as possible bottom-plays: Sipp Industries, Inc. SIPC & Guided Therapeutics, Inc. GTHP

Extended Watchlist:
TPIV, SFEG, AAU, WING, GFI

Blue Horseshoe Stocks: Update on ONOV & More

BioNovelus, Inc. ONOV

We were just mentioning yesterday morning, how ONOV, since our initial tag of the stock on the 26th of April had been undergoing a serious uptrend. We’d witnessed a staggering 1617% run from .006 in April, to a new high of .103 on Monday.

We acknowledged the fact that the RSI indicated that the stock was overbought, but also noted that the impending Golden Cross on the chart overruled that, and kept it on our watchlist for further tracking. All we said we needed to see from the stock was for it to maintain support at or above previous support at .04 on any pullbacks, and it was never an issue. The bounce point and low of day was .087 and from there the stock ran 57% intraday to a new high of .1367.

That extended our total observed move on ONOV this spring to a brain-busting 2178% and allowed the stock to continue the blue-sky breakout currently in effect.

Motorcar Parts of America, Inc. MPAA

After noticing a surge of insider buying beginning last week on MPAA, and the fact that it was searching for a new 52-week low, we placed MPAA on extended-term recovery watch yesterday, and got an immediate response.
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Our call of the bottom appears to have been absolutely perfect as MPAA rose from that annual low of 25.50 which also happened to be the low of day, and rebounded up to 30.97. That marked an intraday increase of 21% which is fairly impressive for a $25 stock. We’ll continue to monitor, and will be looking for it to begin to register higher base levels of support off of that newly established 52-week low.

Chatroom Reminder:

Speaking of great calls, our friend DJ from our live traders chat was up to his old tricks again yesterday, making an absolutely massive call. He noted that MYLI was extremely thin on the offer, and his vigilance provided huge potential rewards for the room.

The PPS was as low as .0025 following his mention at 9:46am, and peaked at .0145 late in the session for a chance at 480% in gains. This is why we constantly remind our readers that you are welcome to join our daily chats, as you never know when the next big gainer might get passed along!

To join in, just send a Skype contact request to username “stocksumo“.

Medina International Holdings, Inc. MIHI – We also want to radar this stock, which is a low-float news play that caught our eye this morning. (>>View PR)

Extended Watchlist:
SIPC, YIPI, TPIY, CLRB, EXAS, SPHS

Blue Horseshoe Stocks: Options Update, New Idea & More

Valeant Pharmaceuticals International, Inc. VRX- Options Update

We wanted to circle back to touch upon an update for the VRX 04/22 $32 Calls we initially slated for observation on Tuesday. VRX trading activity allowed for us to witness a run from 2.90-3.90 that day, for possible gains of up to 35%

We stated as much in yesterday’s morning report, with the added reminder that we felt certain the scope of those gains would increase, and we were spot-on once again.

For the day we observed a move from 4.25-5.25, a relatively modest 24%, however as measured from the low we saw on Tuesday morning, it marked a two-day swing of 81%, so cheers to those of our readers who were following along with us on this play!

Tesla Motors, Inc. TSLA – New Options Idea

Up until yesterday’s session, TSLA had been enjoying an epic rally which began in early February, however, that began to fizzle out over the past couple of days. The stock now appears very top-heavy, and that was confirmed by a fall below its 200DMA yesterday.

In the event that this is a protracted backsliding event, we’re going to want to be ready with a corresponding options trading idea. We’re going to zero in on contracts in the range of TSLA March 24th $220-215 Puts, which qualify as Weekly contracts*, as the markets are closed tomorrow.

*Please remember, trading weekly options contracts on a Friday is an extreme high risk/high reward proposition, and is recommended for highly experienced traders only.

Celator Pharmaceuticals, Inc. CPXX

CPXX was a point of focus for us last Wednesday, when we caught a hot PR hitting the wires, and despite the stock already being up considerably at that point, we were able to glean a healthy 41% gain out of the stock that first day (from a low of 6.44).

As we’ve kept observing the play over the course of the week, we’ve seen a continual stream of higher highs and higher lows, which culminated in a new high of 12.64 yesterday. In exactly one week’s time, we saw CPXX make an overall swing totaling 96%

Great Basin Scientific, Inc. GBSN

We also want to give ourselves a quick pat on the back for calling GBSN to our readers attention via our extended watchlist yesterday. The stock was experiencing highly abnormal activity due to some FDA News and despite gapping up to the extreme, we still saw a dip-and-rip which carried the stock on an intraday run from .222-.29, a 31% swing.

Extended Watchlist:
PTX, JDST, CNAB, GVSI, MLCG, SIPC, MAXD(Bottom-bouncer)

Blue Horseshoe Stocks: Fresh Options Ideas & More

Fresh Options Ideas

We’ve formulated a few new angles of approach with respect to options ideas that we’re going to share this morning, each with its own specific reason for appearing attractive at the present time.

United Parcel Service, Inc. UPS

We’re going to be taking a look at a range of medium-term UPS contracts, namely the April 8th $104 Calls, which we feel have a good chance at performing well in coming weeks on account of a number of factors.

The shipping sector as a whole is currently doing well due to boosted online sales, as top competitor FedEx’s reported earnings yesterday certainly reflected. We also like the look of the UPS chart from a technical perspective, as the following annotations demonstrate:

We also learned this week that the company is going to be increasing the size of its CNG (compressed natural gas) powered fleet, including an infrastructure build-out of several new CNG stations to support it. (>> VIEW PR)

SeaWorld Entertainment, Inc. SEAS

We also are going to be monitoring a range of Seaworld options, once again due to a fresh news release, as well as an attractive chart setup. As you can see on the provided snapshot, SEAS is showing a multiple bottom formation, and if it can continue to rebound off of its recent relative lows, appears to have a shot at a nice rebound over the next few weeks if history is any indicator.

We’re going to be watching the SEAS April 15th $18 Calls, which last traded at .16. If SEAS can rebound to the upper $19 range by that expiration date, the gains on these contracts could realistically approach ten-bagger territory.

SeaWorld, which has been under fire for years over their Killer Whale shows, has just announced that it will immediately cease its orca breeding programs, beginning a phase-out of the theatrical dog-and-pony-style performances and shift toward more natural displays. (>>View PR)

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Bonus Idea:

Watch PBR 5.00 an 5.50 Weekly Calls for potential day/swing trade opportunities)

Extended Watchlist:
MLCG, SRCO, SDOC, SIPC, CLF, KEG