Tag: UWTI

Blue Horseshoe Stocks: Several Updates, New Ideas & More

Linn Co. LNCO & Linn Energy LINE

We often include this related pair together and have mentioned them several times in past reports. Most recently was a week ago today, when we called attention to the fact that their [nearly identical] charts were trading at a relative bottom and looking ripe for a rebound. It didn’t take long for our expectations to come to fruition, with both stocks posting solid performances during yesterday’s session.

LNCO ran from .355-.515 for a move equaling 45%, while LINE did slightly better with a run from .32-.50, representing a  56% intraday upswing.

Rex Energy Corp. REXX

We took notice of the momentum that had built up in REXX yesterday, leading us to include a mention of it in our premarket report. We liked its chances of continuing the pattern it had established on the heels of a purchase agreement announcement, and that’s just what it did.

From a morning low of 1.03 we witnessed REXX run as high as 1.44 shortly after 1PM. That registers as an intraday pop of 40% We’ll continue to keep an eye on this play provided it can maintain support above a dollar on any pullbacks.

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Added Note: GEVO was another one from yesterday’s report to trade solidly in the morning and early afternoon. The stock made a relatively small 20% intraday move from .25-.30. It’s still hovering around that high early on today, so we’ll be leaving GEVO on our radars also, for the time being.

Oil-Related Plays

We also wanted to remind our readers of the plays we’ve been tracking recently that are tied to big oil:

VelocityShares 3x Long Crude Oil ETN – UWTI
Petroleo Brasiliero SA (Petrobras) PBR

Both have been putting up solid performances with oil having been on a bullish tear in recent sessions. It appears as if many oil stocks are gapping up in the premarket, so we’ll be interested to follow the resultant action in our own oil-related interests. In the case of Petrobras, we want to go ahead and signal a possible options idea: We’ll be looking at observing PBR Weekly $6 & $6.50 Calls over the remainder of the week.

Strikeforce Technologies, Inc. SFOR – Recap

We also want to take a second to comment on the early move made by another of our recent items of interest, SFOR. In the video chart we published, we mentioned needing to see it hold above a specific support level and it managed to do so for the first part of the session. The stock caught a bounce off of the .0026 level and ran 62% intraday to .0042.

That daily high represented an overall new high for us as well. We’ve now seen a total jump of 500% over our observed low of .0007 from the day of our initial alert on March 31st.

Extended Watchlist:
MDVN, GSS, SDOC, AGTK, TALK, KGNX(Bottom-bouncer)

Blue Horseshoe Stocks: Options Review, Fresh Ideas & More

Wynn Resorts Ltd. WYNN – Options Review

It was the wide range of options contracts we highlighted in the WYNN chain that stole the show among our interests from yesterday morning’s premarket report.  We signaled the WYNN Weekly $93-96.50 Calls for observation, and not surprisingly, saw appreciable intraday gains from every single one of them.

Just take a look at the excellent single-session profits that were on the table for traders who fell in step with our idea. There was literally no way to go wrong with these selections, but at the top end of the range, the $96.50’s were obviously the star of the show with a nearly incomprehensible intraday move of more than 2700%!

$93 Calls – Trading Range: 2.98-7.68 – Max Gain: 158%
$93.50 Calls – Trading Range: 3.61-7.15 – Max Gain: 98%
$94 Calls– Trading Range: 2.53-6.20 – Max Gain: 145%
$94.50 Calls – Trading Range: 3.71-6.08 – Max Gain: 64%
$95 Calls – Trading Range: 2.40-5.62 – Max Gain: 134%
$95.50 Calls– Trading Range: 2.43-5.00 – Max Gain: 106%
$96 Calls – Trading Range: 1.47-5.00 – Max Gain: 240%
$96.50 Calls– Trading Range: .15-4.30 – Max Gain: 2766%

The stock is gapping up again this morning, so we expect the figures on these gains to be pushed even higher upon commencement of trading at the opening bell. We’ll also look for opportunities at a higher strike range with the $100-103 Calls as well.

Fresh Options Ideas

We’ve formulated a number of other options trading ideas to close out the week, but please heed our standard warning regarding Friday trading of weekly contracts- Only expert traders should attempt such a high-difficulty and risky venture. Both of the following are options chains from which we’ve pulled down mammoth gains on countless occasions in the past: 

SPDR S&P 500 ETF (SPY) – For the SPY, which of course is a general market analog, we’re going to be monitoring Weekly $205-207 Calls with both the general markets and oil gapping up this morning.

Petroleo Brasiliero S.A. (Petrobras) PBR – For PBR we’re zeroing in on the Weekly $5-6 Calls. PBR has made notable intraday upswings on more than one occasion this week, and a continuation of that pattern could lead to some nice gain figures for these contracts.

Extended Watchlist:
FRFS, MAXD, AVXL, AXAS, LEI, ORIG, SDRL, UWTI, WTI, BGMD(Bottom-bouncer)

Blue Horseshoe Stocks: Options Recap & Other Updates

Constellation Brands, Inc. STZ – Options Review

The options trading idea that we formulated yesterday morning for the STZ chain was spot-on, and gave ourselves and our readers chances at some fantastic intraday gains. Our target range, highlighted in our premarket report was the STZ Weekly $150-160 Calls. Regardless of the chosen strike point, any of those contracts yielded prime opportunity for gains on the strength of an earnings beat:

$150 Calls – Trading Range: 5.75-10.20 – Max Gain: 77%
$155 Calls – Trading Range: 1.52-5.65 – Max Gain: 271%
$160 Calls– Trading Range: .89-2.10 – Max Gain: 136%

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We’ve got a fresh idea this morning to add to the mix in attempt to extend our success with options calls as well. We are interested in tracking the WYNN Weekly $93-96.50 Calls for some quick-strike chances on a possible dip-and-rip setup.

Vivint Solar, Inc. VSLR

VSLR is one that we’re going to want to place on watch today, for reasons that are apparent when taking a quick look at the chart we’ve annotated below. We’ve got a number of bullish indicators as well as a strong bounce off of its lows over the past couple of days.

We’ll be watching to see if the stock can maintain some of the momentum it’s built up over the preceding two sessions.

Harmonic Energy, Inc. ASUV

Yesterday morning we were just mentioning the fact that we’d successfully tracked ASUV over an incredible five week run, seeing a trading range from .0024-.043, a swing of over 1600%  The stock continued to push its upper limits, setting a new high as it traded from an early low of .03 to .051.

The move marked an intraday pop of 70% and extended our total observed range since our initial alert on the play back on Leap Day  to an earth-shattering 2025%

Pacific Sunwear of California, Inc. PSUN

PSUN is a stock that we entered into the log as a possible bottom-bounce play yesterday morning and we observed exactly the type of action we expected. Nimble-fingered traders could have gotten in and out with profits of up to 52% inside of the first 45 minutes of the session as PSUN ran from .091-.138.

We caught the company on the eve of filing bankruptcy(>>Read this morning’s PR), so it may be best to let the dust settle before considering a play on the stock again.

Other more modest gainers from yesterday’s morning report included UWTI (+10%) and MOMO(+15%), so we’ll leave those on our radar in sessions to come.

Extended Watchlist:
ZNNC, CBDS, CLDX, OLLI, VRX, ORIG, SUNE, CEQP

Blue Horseshoe Stocks: ASUV Recap, Bottom-Plays & More

Harmonic Energy, Inc. ASUV

We tagged ASUV back on Leap Day as a possible bottom-play, and after seeing the stock find support at an ultimate low of .0024 just a couple of sessions subsequent to that, it’s been a series of almost non-stop upturns since then.

One look at the 3-month chart on ASUV shows why we felt the need to circle back around and congratulate ourselves for an amazing bottom-call. As of this week, we’ve now witnessed ASUV run as high as .043. That marks an epic surge of 1692% over a five-week span!


With the chart beginning to look a bit top-heavy, we’ll now transition into monitoring for dip-and-rip type activity. In order for the stock to continue to hold our attention, we’ll want to see it maintain support above its previous resistance at .02 on any pullbacks.

Pacific Sunwear of California, Inc. PSUN

Speaking of bottom-watch plays, we’ve got another one to enter into the mix this morning in the form of PSUN. This play has appeared in our reports at various times over the past few years. Presently, as is readily apparent on the following snapshot, the stock has absolutely fallen off of a cliff following a major two-day upswing. It appears to have over-corrected to the low side.

Whenever we run across stocks in this position, our bottom-feeding sense kicks in big-time. The volatility at play over the past few sessions could be used to our advantage on the next leg up, which could be in the cards sooner rather than later, so keep an eye peeled!

On Continued Watch: LNCO & LINE

We placed both of these potential bottom-plays on watch to kick off the week in Monday’s morning report and we want to reinforce our interest this morning. As you can see from the side-by-side comparison, these two trade very closely as they are tied to the same parent entity.


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Also on our radars with big oil making a reverse yesterday, is VelocityShares 3X Long Crude ETN (UWTI). If oil continues its rebound through today as we suspect it might, there could be some interesting activity in UWTI.


Fresh Options Idea: To dip back into the options trading pool this midweek, we’re going to signal STZ Weekly $150-160 Calls for potential day/swing-trade opportunities.

Extended Watchlist:
AYI, DRWI, CJES, MOMO, TSRO

Blue Horseshoe Stocks: MDCO Options Recap & More

The Medicines Co. MDCO

We were spot on in terms of the options ideas we offered up in yesterday’s premarket report.
After taking a look at the premarket activity being driven by some untraded-upon press, we targeted the MDCO Weekly $38-41 Calls. We specified that we’d be on the lookout for a dip-and-rip scenario to give rise to chances in that range, and it turned out quite well.

Here’s a look at the possibilities for big gains that traders were afforded with those contracts: 

$38 Calls  – Daily Range: 2.30-3.50 – Max Gain: 52%
$39 Calls  – Daily Range: 1.75-2.55 – Max Gain: 46%
$40 Calls  – Daily Range: 1.05-2.40 – Max Gain: 129%
$41 Calls  – Daily Range: .80-1.75 – Max Gain: 119%

Other Notable Gainers

A couple of the stocks we’ve had on bottom-watch which we mentioned in yesterday’s report had modest yet notable sessions to kick off the week, and we’ll continue to monitor for signs of continued recovery in both instances. 

Bon-Ton Stores, Inc. BONT – We’ve been on BONT’s trail for a couple of weeks, and yesterday the stock made a slight jump from 3.60-4.07 for an intraday move of 13% and held the majority of those gains into the close.

SFE Entertainment, Inc. SFXE – SFXE also made a nice move from a low of .91 up to 1.04, a 14% jump, and it too held the majority of its ground, closing above a dollar.

VelocityShares 3X Long Crude Oil ETN (UWTI)

We’re seeing some bullish patterns on the UWTI chart that we felt were worth pointing out. As you can plainly see on the annotated snapshot below, this particular note has traded record volume en route to logging four consecutive sessions of higher highs and higherl ows off of its recently established 52-week low.

We’ll be on the lookout for the possibility of further advances provided that Crude Oil futures can see a sustained uptrend over recent lows.

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