TRIP Archives - Page 2 of 2 - Blue Horseshoe Stocks

Blue Horseshoe Stocks: SIRG Review, Options Update & More

TripAdvisor, Inc. TRIP – Options Update

After witnessing intraday gains from 380-650% from the range of TRIP Weekly Calls we tagged for tracking on Wednesday (as well as a 120% pop from the 10/30 $85 Calls we also signaled) , we continued to monitor those contracts yesterday and were met with further opportunities.

$80 Calls – Daily Range: .90-3.50 – Max Gain: 288%
$81 Calls – Daily Range: .55-2.10 – Max Gain: 281%
$82 Calls – Daily Range: .30-1.40 – Max Gain: 366%

The majority of the open interest in the original range of contracts we highlighted (78.50-82.50 Calls) fell in the $80’s and above, and that’s also where we’ll want to see the stock maintain support on any pullbacks. We’ll continue to look for action there as the week draws to a close.

We’ll also continue to keep an eye on the 10/30 $85 Calls over the next couple of weeks leading up to their expiration.

Fresh Options Idea:

Youku Todou, Inc. YOKU Is gapping up considerably in the premarket after Alibaba (BABA) submitted an offer to buy the company’s streaming video service. We’ll be looking for action in the Weekly $23-26 Calls, as well as a longer-term idea of the 10/06 $27 Calls in the event of a sustained breakout.

*Just to float the usual reminder for a Friday session: Volatility rises in options contracts with a weekly expiration which heightens the risk-reward factor considerably, so extreme caution should be exercised.

Sierra Resources Group, Inc. SIRG

We flagged SIRG in yesterday’s extended watchlist, and the stock had a heck of a session, hurtling out of super-subpenny territory. From an early morning low of .0007, the stock stair-stepped its way to an afternoon high of .0015.

That registered as an intraday gain of 114% and the move occurred on volume which exceeded the monthly average by approximately three times.

Added Note:

Speaking of super-subpenny movers that we’ve been tracking; Manzo Pharmaceuticals, Inc. MNZO appeared on our watchlist last Wednesday and has since produced a healthy swing. We observed a low of .0003 subsequent to our mention of the stock, followed by a high of .001, which is equal to a 233%

Both this and SIRG serve as good examples of why we’d never completely abandon speculation in subpenny stocks. There’s always a chance that the next high-flyer is just around the corner, and as you can see, the possible gains over a short period can be quite substantial.

Extended Watchlist:
ALIM, COLV, NECA, KATX

Blue Horseshoe Stocks: TRIP Recap, Bottom-Watcher & More

TripAdvisor, Inc. TRIP

Based on what we were seeing in yesterday’s premarket activity, we floated several sets of contracts to monitor for opportunities. The Weekly 78.50-82.50 Calls were our short term target range, with a longer-term idea of the 10/30 $85 Calls.

The biggest winners among those sets of contracts were the $80, $81, and $82.50 Calls, and we even saw a big jump in our longer-term calls as well.

$80 Calls – Daily Range: .85-4.10 – Max Gain: 382%
$81 Calls – Daily Range: .66-3.20 – Max Gain: 385%
$82.50 Calls – Daily Range: .30-2.25 – Max Gain: 650%
10/30 $85 Calls – Daily Range: 1.00-2.20 – Max Gain: 120%

Remember, yesterday we also mentioned that TRIP has a gap on the chart from roughly 86.50 to the $92 area. We’re still going to be open to the possibility of seeing that happen in coming sessions. Naturally, we’d have to re-assess and roll up our strike prices to stay closer to the money if things indeed unfold in that manner. Should we see another dip, we’ll just want to be sure TRIP continues to record higher lows each day in order to hold our attention.

Terra Tech Corp. TRTC

We want to radar TRTC as a potential bottom play. The stock recently came down to find support around a previous swing low from this summer, and is showing signs of life.

This morning the company released a positive PR relating to its cannabis products now being available in many more dispensary locations in California. We’ll be anxious to see how the combination of the news, and a ripening chart affects TRTC’s PPS in the days ahead.

Terra Tech Subsidiary IVXX Adds 60 New California Retailers Following New California Legislation (Thu 8:30AM EDT)

Extended Watchlist:
GEQU, MLPH, EEGI, SIRG

Blue Horseshoe Stocks: PLKD, VAPE Recaps & More

Pleasant Kids, Inc. PLKD

PLKD was one of a couple of stocks from yesterday’s premarket report to produce solid performances during yesterday’s session, leaving the door open for some tidy gains. We had noticed it building momentum in the previous session, and thought it seemed ripe for some further advances.

From an early low of .075, we watched as the stock steadily rose until lunch hour, when it registered a high of .105. That hashes out to a 40% intraday swing, and it came on more than three times the 30-day average volume, continuing the trend of momentum.

Ideally, PLKD would hold the 200DMA of .0599 as support on any upcoming consolidations. Failing that, we would need to see the stock hold at a minimum of .04 in order for us to remain interested.

Vape Holdings, Inc. VAPE

VAPE was the other play to work out nicely yesterday. If you recall we were just mentioning in our morning report that we had witnessed a low of .021 last Tuesday, and that the stock had registered higher highs every day since.

That pattern was sustained yesterday; following a dip to a daily low of .046 early on in the session, VAPE would go on to record a new high of .0685. That marked an intraday swing of 49% and a total increase of 226% over our observed low from last week.

Fresh Options Ideas

We took a little break from formulating options ideas yesterday, but we’ve got a couple of new targets to monitor this morning. Both of the following stocks are gapping up heavily this morning, so we’ll be looking for a dip-and-rip in both cases:

TripAdvisor, Inc. TRIP – For TRIP, provided it can maintain support at or above the 200DMA (77.95) on the dip, we’ll be looking at the Weekly 78.50-82.50 Calls. We’ll also radar the Oct. 30th $85 Calls for a possible longer-term play in the event the stock retraces and fills the gap back to the $92 area.

SanDisk Corp. SNDK – On SNDK, we’re going to be tracking the Weekly $65-68 Calls, and will remain interested if the stock can hold above 64.50.

Extended Watchlist:
CDNL, NESV, PJET, AMZZ

Blue Horseshoe Stocks: New Options Ideas & More

PepsiCo, Inc. PEP

Our first order of business this morning is to pat ourselves on the back for yet another perfectly-timed options idea yesterday. Our hunch that the PEP earnings beat would help us score some nice profits paid off almost instantly.

To refresh your memories on that report, we specifically outlined $99, $99.50, and $100 Weekly Calls for daytrading opportunities, and the 02/20 $102 Calls for a little bit of a longer-term possibility. Each and every one of those contracts made a great move as PEP broke through the $100-mark.

Here’s a breakdown of the gains that were possible on the day:

$99 Calls – Range: .62-1.77 – Max Gain: 185%

$99.50 Calls – Range: .46-1.23 – Max Gain: 167%

$100 Calls – Range: .33-1.00 – Max Gain: 203%

02/20 $102 Calls – Range: .20-.37 – Max Gain: 85%

PEP has a strong outlook as well, remember, they just initiated a three-year $12B share buyback program, so we wouldn’t be surprised to see Pepsi’s name come up in future reports. Stay tuned!

New Options Ideas

The Priceline Group, Inc. PCLN

PCLN is the next company we’re looking at on the heels of an earnings beat. We want to milk this earnings season for all its worth, and think we’ve done an excellent job of it thus far.

The range of contracts that we are interested in on the PCLN options chain are the $1065-$1085 Calls ( Yesterday the $1065’s closed at 6.10, and the $1085’s closed at 1.42)

Expedia, Inc. EXPE Impending Buyout of Orbitz Worldwide, Inc. OWW

With EXPE buying out OWW, we want to float another couple of ideas to take advantage of the excitement.

For EXPE, we’ll be monitoring Calls in the range of $83-86, and as far as OWW goes, our interest lies in the $9-11 Call range.

RadioShack Corp. RSCHQ

Our continual coverage of RSHCQ this week yielded potential gains for the third consecutive session yesterday. We brought the stock to our reader’s attention on Monday, at which point folks could have entered the mix for as low as .1251/share.

The stock has set a new high each day since, with yesterday’s trading range running from .185 up to a high of .25. That marked an intraday gain of 35%, and an overall increase of 100% from Monday’s observed low!

Extended Watchlist:
CSCO, TRIP, IMTV (Potential Bottom Play, Interesting News Out)

Blue Horseshoe Stocks: FLST Update, QTWW Bottom-Watch

Fuelstream, Inc. FLST

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FLST continued to make moves following our midday report yesterday, setting a new daily high of .0098 just prior to the close.

At that mark, from the low we’ve seen (.0037) following our first alert less than a week ago, FLST has gained as much as 164%

We’re looking for FLST to confirm this uptrend by making higher lows and higher highs today; there is resistance in the .01-.013 range.

Quantum Fuel Systems Technologies Worldwide, Inc. QTWW

We’re placing QTWW on bottom-watch today. The stock got absolutely hammered yesterday after the revelation that one of its main competitors (Hexagon Lincoln) has partnered with one of its main clients (Agility Fuel Systems), which accounted for nearly half of the company’s revenue last year.

The lasting effects of such an agreement are as yet unclear, however, our interest is purely in taking advantage of a chart bottom and subsequent rebound. We’ve seen this scenario a hundred times, and with proper timing, quick bounceplay profits are often a possibility.

Options Trading Side Note:

Our tracking of the PBR options chain continues after much recent success. Today we’re eyeballing $14-$15.50 Weekly Calls for short term opportunities over the remainder of the week.

Extended Watchlist:
JCP, PLUG, EXEL, WILN, TRIP, FEYE