Blue Horseshoe Stocks: Fresh Options Ideas & More

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

Yesterday we offered up our opinion that the SPY was going to get back to its bullish ways, and outlined what we felt was an attractive set of contracts in the options chain, the SPY 01/17 $277.50-279 Calls. It was for quick-strike trades only, given that they expired at 4 o’clock, and the chances were certainly there for the taking.

We said we’d be looking for the classic dip and rip pattern to present those chances for intraday flips, and our idea couldn’t have worked out much better, including our second instance of multiple thousand percent gainers in the past week! The potential single session profits on the table were as follows:

$277.50 Calls – Range: .41-2.53 – Max Gain: 517%
$278 Calls – Range: .21 -2.03 – Max Gain: 867%
$278.50 Calls – Range: .10-1.54 – Max Gain: 1440%
$279 Calls - Range: .05-1.04 – Max Gain: 1980%



The York Water Co. YORW

We also want to submit a fresh options idea this morning to coincide with an ideal chart setup on YORW. As you can see on the included snapshot, the stock began to rebound off of a multiple-bottom setup and looks as if it could easily make a run of at least a few dollars in a potential recovery.

We’ll be ready with a couple of contracts to track in the event that a more sustained upswing is in the cards, with the YORW 02/16 $30 & $35 Calls.



Extended Watchlist:
AES, CNET, RIOT, LFIN, OAKS, NBEV, MARA,

Blue Horseshoe Stocks: Cannabis News Play & More

Stereo Vision Entertainment SVSN

We had SVSN hit our scanner this morning after we noticed an interesting PR coming across the wires. We’re always looking for new interests in the cannabis space, and SVSN fits that bill. Unlike many of the companies in the business conduct their activities primarily in the western states, SVSN has an operation in Florida.

The company just announced a February 1, 2018 Grand Opening of its majority owned subsidiary CannaVision’s Bay Pines medical cannabis and holistic pain management clinic in St Petersburg, Florida. (>>View PR)

We’ll be interested to track the progress of this new facility, and SVSN stock itself going forward.


SPDR S&P 500 ETF (SPY)

We also want to throw in a quick options idea for the SPY, which despite a momentary hiccup in its week’s-long bullish trend yesterday, looks to be gapping up and ready to get back on track today. There are a set of contracts expiring today that we want to radar: the SPY 01/17 $277.50-279 Calls*.

Please be aware that contracts approaching expiration are subject to evaporating premiums due to time decay, so these are quick-strike opportunities only. We’ll be looking for the classic early dip and rip pattern, which should present those chances for intraday flips.

*Be aware that this idea is extremely high risk, and for advanced level traders only!


Extended Watchlist:
TVPC, DDD, MITK, ADAP, ARGS, IOVA

Blue Horseshoe Stocks: DAL, GALT Updates & More


Delta Air Lines, Inc. DAL  – Options Recap

We followed a range of Delta options beginning on Thursday morning, when we signaled the DAL Weekly $57-58 Calls in the wake of the company’s across-the-board Q4 earnings beat. We were glad to report on Friday that in a single session those three sets of contracts yielded gains ranging from roughly 780% to 1980%

Despite making such big moves already, Friday’s session brought more success for our tracked calls, so we wanted to open up this short trading week with a final recap on the maximum gains allowed by those excellent weekly contracts. The total ranges we observed over just two sessions were amazing.

$57 Calls – Range: .24-3.44 – Max Gain: 1313%
$57.50 Calls – Range: .14-2.96 – Max Gain: 2014%
$58 Calls – Range: .06-2.40 – Max Gain: 3900%


Galectin Therapeutics, Inc. GALT

We also want to swing back around for GALT, a stock we routinely tracked throughout 2017. It finished off that yea with a bang, and has continued its excellent run into 2018.

From lows it saw at the beginning of December at 1.28, to the new highs it made at the end of last week at 6.15 , GALT had executed a 380% increase in roughly five weeks!


Extended Watchlist:
NCTY, HEB, BB, OSIS, OTIV, HAWK

Blue Horseshoe Stocks: DAL Options Win & More

Delta Air Lines, Inc. DAL 

Things played out precisely as we expected with Delta yesterday. We specifically mentioned that DAL “has traditionally been one of those companies we can count on to provide good post-earnings opportunities”, and after a solid beat across the board, our ideas definitely paid off instantly.

Our targets, the DAL Weekly $57-58 Calls, went into overdrive as the stock itself executed a textbook dip-and-rip pattern, and provided us with the excellent chances for gains that we were after.

$57 Calls – Range: .24-2.13 – Max Gain: 787%
$57.50 Calls – Range: .14-1.70 – Max Gain: 1114%
$58 Calls – Range: .06-1.25 – Max Gain: 1983%


Eastman Kodak Co. KODK

We also wanted to update the options ideas we had for KODK on Wednesday. The company saw a surge after announcing its own unique crypto-coin, but we weren’t buying it. We signaled the KODK 02/16 $15 & $12.50 Puts.

While the gains weren’t monumental, they were solid enough, as KODK has since posted two consecutive sessions of freefall. The $15 Puts traded from 6.10-7.90 for a 30% rise, while the $12.50 Puts ran from 4.20 to 5.70, a gain of 36%
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Bottom-Bouncer Options Ideas 

We have identified a range of options ideas for three stocks which are all exhibiting strong double or multiple-bottom chart setups, and have begun to turn upward.

The Cato Corp. CATO -  01/19 $12.50 & $15 Calls
e.l.f. Beauty, Inc. ELF – 01/19 $17.50 & $20 Calls
Natus Medical Inc. BABY – 02/16 $30 & $32.50 Calls


Extended Watchlist:
MYSZ, USAU, MVIS, TVPT

Blue Horseshoe Stocks: NBEV Bottom Bounce & More

New Age Beverages Corp. NBEV

We tagged NBEV as a possible bottom-bouncer in our premarket report yesterday morning, and stock has definitely risen to the occasion with the beginnings of what could be a significant rebound.

The stock had been trending down for the better part of the last six months, having started the summer trading at more than $6/share. It seemed a good time to call a bottom, and so far our idea is looking good.

While it’s off to a slow start, rising just 17% from 2.20 to 2.58 yesterday on its highest volume in over four months, we feel good about the chances of a more sustained move, especially with the stock hitting a new high of 3.42 in the premarket today. From yesterday’s low that’s already a swing of 55% We’ll be sure to keep an eye peeled for further movement from this bottom bouncer.


Delta Air Lines, Inc. DAL 

We’re no strangers to trading DAL options. It has traditionally been one of those companies we can count on to provide good post-earnings opportunities after a beat, and today the company exceeded expectations across the board in their Q4 report.

We’re are going to signal a range of contracts which will be expiring tomorrow to try to garner some rapid-strike chances. Our targets are going to be the DAL Weekly $57-58 Calls.


Extended Watchlist:
CNET, DPW, DST, FNJN, IBIO, RMGN, WPCS