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Blue Horseshoe Stocks: DMTX Review, Options & More

Dimension Therapeutics, Inc. DMTX

We alerted on DMTX after a sizable gap-up few weeks back on the morning of August 25th. That day we would observe a low of 2.90 in the stock, and it never looked back.

Throughout the month of September the stock has mostly been stair-stepping its way up in steady fashion, but news of an unsolicited buyout offer (@5.50/share) kicked this play into a much higher gear to start things off this week, and yesterday DMTX attained a high of 5.90.

That works out to a three-week double-bag swing of 103% We wouldn’t expect to see the stock travel much higher, certainly not without confirmation or further details on a proposal, but will still keep our eyes open for further activity after a very strong session yesterday.

Fresh Options Ideas

We’ve got a pair of options possibilities to present this morning. Yesterday’s market sentiment was exceedingly bullish, with more than 65% of NASDAQ quoted stocks trading at or above their 50-day moving averages.

Today, better than expected numbers on Housing Starts and Building Permits were reported, which could assist in keeping the momentum moving.

SPDR S&P500 ETF (SPY) – For a direct market analog, we generally turn to the SPY, having had immense success with it on several separate occasions in the past. We’re going to signal the SPY Weekly $249.50 & $250 Calls for observation as we approach midweek.
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The Kroger Co. KR – We’re also noticing a heck of a bottom setup on KR. A strong multiple bottom signal showing the stock at a solid support level, and a couple of gaps to the upside on the chart leaves us looking at a pair of longer-term contracts. We’re going to place the KR 11/17 $23 & $24 Calls on watch in the event of a recovery for Kroger.

Extended Watchlist:
STAF, CAPR, MRTX, NTEC, NBRV, RNVA, AGTC

Blue Horseshoe Stocks: TTOO Recap & More

T2 Biosystems, Inc. TTOO – Recap

We tagged TTOO as a bottom play just under a month ago in our report dated July 18th, as the stock was undergoing a lengthy period of consolidation. It subsequently found support at 2.53 shortly thereafter, and since that point in time, it has seen a solid recovery off of those lows.

Yesterday, TTOO reached a new high of 4.07, its best PPS all summer long. It worked out to a very respectable 61% upswing over our observed low, and indicators on the chart suggest there is still room for more rapid short term growth, so we’ll continue to keep an eye on this play moving forward.

SPDR S&P 500 ETF Trust (SPY) – Options Update

The markets ended up rebounding yesterday, leading us to note our interest in tracking the SPY Weekly $244.50-246 Calls in the event that the premarket trend we were noticing continued into the session. That’s what happened, and as a result our highlighted contracts made some really nice intraday moves.

$244.50 Calls – Range: 1.54-2.53 – Max Gain: 1180%
$245 Calls – Range: 1.18-2.05 – Max Gain: 1280%
$245.50 Calls – Range: .83-1.68 – Max Gain: 1225%
$246 Calls – Range: .54-1.30 – Max Gain: 1864%

The possibility of a sustained rally for the markets will lead us to roll up our potential strike prices in the SPY chain up to the $247 and $247.50 Calls to potentially keep this idea rolling.

Zerez Holdings Corp. ZRZH

We first caught wind of ZRZH last year, and it was good to us back then. We want to revisit the stock once again today for a couple reasons.

Not only is ZRZH in a relatively good place on the chart from which to launch a possible rebound, but yesterday the company presented some impressive quarter-over-quarter revenue growth. For those reasons, we want to place this stock on watch this week, a rebound to its previous area of fierce resistance at a nickel would mean considerable gain opportunities from present pricing.

SACRAMENTO, Calif., Aug. 14, 2017 /PRNewswire/ — Zerez Holdings Corporation, (OTC PINK: ZRZH), DBA Smart Cannabis, http://smartcannabis.com today filed its second quarter 2017 quarterly reports with OTCMARKETS. The company reported $2,041,557 in gross revenue, about a 275% increase over first quarter revenues of $544,467 (>>View Full PR)

Extended Watchlist:
AMRS, HMNY, EXTR, DSLV, IDXG, FRSX, FPP

Blue Horseshoe Stocks: Bottom Play, Options & More

Biocept, Inc. BIOC

We took notice of BIOC on our routine morning scan today as a possible bottom play, as the stock tumbled to 8-month lows on Friday. At the same time, the company released a PR this morning pertaining to the signing of a potentially lucrative, worldwide distribution agreement, a snippet of which we’ve included below.

We think it makes for an interesting confluence of events, and that’s why we’re going to be tracking BIOC closely as we kick off a fresh trading week.

SAN DIEGO, Aug. 14, 2017 /PRNewswire/ — Biocept, Inc. (NASDAQ: BIOC), a leading commercial provider of liquid biopsy tests designed to provide physicians with clinically actionable information to improve the outcomes of cancer patients, announces that it has signed an exclusive global Distribution Agreement excluding China, for the Company’s proprietary blood collection tubes (BCTs) with VWR International, LLC (>>View Full PR)

National and International Events Affecting Markets

There was a fair bit of hysteria going out over the newsreels last week over a potential nuclear conflict between North Korea and the US, and it led to a tough week for stocks in general. Whether this week plays out as a bear or a bull remains to be seen, but we’ll want to have options ideas lined up for either eventuality.

This morning, we’ve seen some signs of an abatement of those fears as stocks around the globe have perked up, and in the event that a rebound for domestic stocks is also in the cards for this week, we’ll want to signal the range of SPDR S&P 500 ETF Trust (SPY) Weekly $244.50-246 Calls for observation.

However if other outside factors, such as the civil unrest and domestic terrorism that unfolded in Virginia over the weekend serves to hurt US markets further, we may find ourselves more interested in tracking the iPath S&P 500 VIX ST Futures ETN (VXX) Weekly $12 and 12.50 Calls.

Extended Watchlist:
ZSAN, FCAU, CLMT,CVM CERC, FRSX

Blue Horseshoe Stocks: SPY Options & More

SPDR S&P 500 ETF Trust – SPY

We’re projecting a solid day for the markets as a whole to close out the week as positive jobs numbers just hit, and usually in these cases, we like to use the SPY to get in on the action in the short term. We’re going to designate the SPY Weekly $247-248.50 Calls* as our contracts of interest.

Not only did hiring stay strong while jobless claims fell , but non-farm payroll gains exceeded expectations by a considerable margin, foreshadowing strength in US labor. To boot, the June Trade Balance figures came in and roughly $1.3B was shaved off of the expected trade deficit. All in all, these are several contributing factors that could certainly energize today’s session, and produce considerable intraday gain opportunities in our highlighted options.

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GoPro, Inc. GPRO

While we’re thinking of potential quick-strike options plays, we’ve got to take a look at GPRO, which is gapping up in the premarket this morning on the heels of its Q2 earnings beat, and strong outlook. We’ve been familiar with GRPO options in the past, although it has been quite some time.

Prior to these bolstered figures as well as an analyst upgrade from Morgan Stanley this week, GPRO shares had been somewhat stuck in the mud for most of the summer so far. An extended rebound could be in the cards, but for now, we’ll just track today’s activity on the GPRO Weekly $9-10 Calls*.
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*We don’t include mentions of weekly options contracts on a Friday without explicitly warning our readers every single time. Trading weekly options at the end of the week is an exceedingly risky proposition that should never be attempted by beginning or novice traders!

Extended Watchlist:
JSDA, PDLI, HDP, MTZ, SRNE, ARGS

Blue Horseshoe Stocks: SNDX Recap, Options & More

Syndax Pharmaceuticals, Inc. SNDX

Despite the markets getting crushed yesterday we managed to find and tag in our premarket report, what would ultimately be the NASDAQ’s top gainer of the day. SNDX had been gradually coming up off a bottom in the few sessions prior, but yesterday things really kicked into gear.

It traded in a range from 10.76 to 15.335, a fantastic intraday move of 43% which is really impressive for a $10+ stock. That move inside of the first 90 minutes of the session. That was followed by a dip-and-rip pattern from 12.16 and back to 13.62; a 12% rebound into a strong close at 13.58

The stock traded 56x its 30-day average volume yesterday, and held more than half of its daily advance, so we’ll be treating this as a potential momentum play as we head into week’s end, looking out for higher highs and higher lows out of SNDX.

Fresh Options Ideas

Speaking of the markets getting crushed, it appears as if we may see a continuation of that pattern today, so we want to have a few sets of options ideas to fall back on in the event of a continued slide.

Alibaba Group Holding Ltd. BABA – BABA had been on an incredible bullish run for the better of part of 2017 thus far as you can plainly see on the chart snapshot we’ve included here. You can also see that the strength index is sharply declining after having recently been indicating the stock was extremely overbought. We can also see the MACD pinching toward a bearish cross.

That’s why, along with an earnings miss in the premarket and the overall current of the markets as a whole, we’re looking at the BABA Weekly $120-117 Puts for potential quick-strike swing trades.

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SPDR S&P 500 ETF Trust (SPY) – Also in the vein of our general bearish view of today’s overall conditions, we want to line up a set of SPY Puts for observation. Our regular readers know that the SPY is one of our favorite market analogs, and has been a wellspring of gains for us on the options front when we correctly gauge investor sentiment.

Today we want to put the SPY Weekly $237-235 Puts on watch, as a sustained tumultuous period for stocks would likely produce some good chances for us there.

Extended Watchlist:
P, GLYC, CYTR, ETRM, XGTI, VSLR