Blue Horseshoe Stocks: Options, VHUB Recaps & More

Tempur Sealy International, Inc. TPX – Options Update

In Friday morning’s premarket report, we were providing updates on an options trading idea that we’d initially put forth on Thursday, the TPX 08/19 $70-80 Calls. The three sets of contracts had managed to yield gain opportunities ranging from 60-118% in that first session.

We also mentioned that because of the extended expiration date, we’d want to stay hot on the trail of this idea, and it was a good thing we did, because potential profits were extended with new highs in every case.

Our total observed gains over a two session span are as follows:

$70 Calls – Range: 3.00-6.10 – Max Gain: 103%
$75 Calls – Range: .90-.2.54 – Max Gain: 182%
$80 Calls – Range: .25-.60 – Max Gain: 140%

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Amazon.com, Inc. AMZN – Recap

As a fresh daytrading idea, we also submitted the AMZN Weekly $762.50-770 Calls for observation on Friday, and saw some nice chances for solid gains there as well, early on in the session.

All of these huge moves occurred prior to the lunch hour:

$762.50 Calls – Range: 1.56-4.57 – Max Gain: 193%
$765 Calls – Range: .88-3.46 – Max Gain: 293%
$767.50 Calls – Range: .64-3.00 – Max Gain: 368%
$770 Calls – Range:  .16-1.15 – Max Gain: 619%


Vapor Hub International, Inc. VHUB

VHUB appeared in our morning report on Friday as well, and put up a notable intraday run itself. From a low of .008, it broke out of subpenny territory and reached as high as .018. That was good for gains of up to 125% on the day.

Ideally, we’d like to see the stock maintain its penny-plus status moving forward, but technically, it would hold our interest as long as it stays above Thursday’s swing high of .0094 on any dips.


Kraig BioCraft Laboratories, Inc. KBLB

We recently came back to stock that we’ve covered a lot in the past. On July 13th we alerted the play, when it was trading as low as .0261, and on Friday, the stock hit a high of .069, marking an upswing of 164% in just over two weeks’ time.

We’ll continue to follow its progress as we kick off a new trading week, granted that it closed with strength just a tick below its high of day. In order to keep our attention, we’ll need to see it hold support at or above .04 on any forthcoming consolidations.


Extended Watchlist:
TRTC, EEGI, CGRA, SNMN, USPR, MSTX, KOOL, ONVO

Blue Horseshoe Stocks: Options Review & More

Options Update

Spirit Airlines, Inc. SAVE

On Wednesday, we identified a pair of SAVE options contracts as potential swing-trade candidates, specifically referring to the January 15th $40 and $45 Calls, and over the course of the session and-a-half since then, they’ve made quite a bit of progress. From Wednesday’s lows to Thursday’s highs, we’ve already seen upswings of 48% in the $40’s (2.90-4.30) and 93% in the $45’s (.70-1.35).

With more than two weeks until their expiration and SAVE shares still trading in the appropriate range, we’ll continue to keep a lookout for possible swing-trade chances from this particular options idea.

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Celgene Corp. CELG

Despite the decreased activity during the short week prior to the holiday break, we managed to spot some nice intraday swings from CELG options. We were on the trail of CELG Weekly $116-120 Calls starting on Wednesday, and after providing multi-bag gain opportunities on that day, they continued to produce during Thursday’s short session.

The $119’s and $120 were both still close enough to the money to yield significant moves over the half-day with the $119’s surging 77% from 2.12-3.75, and $120’s making an impressive 204% run from .97-2.95.


Chimerix, Inc. CMRX

CMRX set off our cliff-diver alarms this morning after shares plummeted more than 75% in premarket trading based on the clinical failure of one of the company’s late-stage trial drugs.

Whenever we see something like this unfold, our immediate instinct is to wait for the dust to settle, then strike as the rebound occurs. Knee-jerk selloffs of this magnitude don’t come along every day, but when they have in the past, we’ve almost always seen some measure of a recovery.

We’ll place CMRX on watch for such an event, provided it can hold at or above the $7-level moving forward.


Patriot National, Inc. PN

PN is another stock that was recently hammered back, and its own recovery is already in effect. In addition to insider buying in recent months and coming off of recent lows on the chart, the company announced a significant share repurchase to the tune of $20M this morning (View PR) that will avoid dilution from a previously announced private placement. We’ll be monitoring the stock for the possibility of a protracted recovery as we kick another short trading week.


Extended Watchlist:
GEQU, USPR, LOGG, IFUE