Blue Horseshoe Stocks: Big Options Winners

Successful Options Ideas

We formulated some quick-strike, post-earnings options ideas for Home Depot and Advanced Auto Parts in yesterday morning ‘s premarket report. Even with shaky market performance like we’ve seen this week, a good earnings play can go a long way, and we proved it yet again.

Both ideas we submitted produced instant results, with the HD contracts we signaled providing the biggest potential profit by far. Those gains were as follows:

Home Depot, Inc. HD Weekly $180 Calls
Range:
.40-3.00 -  Max Gain: 650%

AAP Weekly $170 & $175 Calls
$170′s Range: 9.89-14.83 -  Max Gain: 50%
$175′s Range: 5.80-9.90 -  Max Gain: 71%


More Fresh Options Ideas

We’ll keep the post-earnings options train rolling with another pair of ideas this morning. Especially during times of high market uncertainty, earnings related options plays are our go-to targets.

Canada Goose Holdings, Inc. GOOS Weekly $66-69 Calls
Macy’s Inc. M 12/07 $37 & 37.50 Calls

Bonus Idea:
We’ll also signal some SPY calls that will be in play provided it holds above $270 upon the open. In that event, we’ll be looking at the SPY Weekly $272-274 Calls.


Extended Watchlist:
YGYI, DNR, SHIP, OHGI, PETQ, DSS, HMNY, LMFA, BPMC(Multi-Bottom)

Blue Horseshoe Stocks: APTI Recap & More

Apptio, Inc. APTI – Review

Despite a lousy day for the markets as a whole, yesterday brought a very interesting development in APTI, in the form of an enormous gap-up. We signaled APTI as a bottom-play in our premarket report on the first of this month, after the stock had begun to rebound following a dip to new annual lows a couple of days earlier. At the time the stock traded for as little as 24.48 a share.

We included it in yesterdays report as well, and the new high after that incredible gap-up came in at 37.80. That marks an upswing of 54% in just under two weeks, made even more impressive by the fact that the markets tanked on the day. The rapid hike was due to Sunday’s revelation that the company would be sold in an all cash deal equal to $38/share.


Fresh Options Ideas

We scan the earnings calendar each morning to ID earnings plays with the biggest potential, and today we have a pair of big name releases for which we will formulate some quick strike ideas:

HD Weekly $180 Calls
AAP Weekly $170 & $175 Calls


Extended Watchlist:
AIMT, HUSA, RGSE, ARDX, PAYX, NMM, DXR, HDSN

Blue Horseshoe Stocks: ATVI Review & More

Activision Blizzard, Inc. ATVI

On Friday, our primary focus was a bottom play in the form of ATVI, which had just been beaten back to its lowest prices since December of last year. Our inclination was to signal a range of longer term calls in the options chain, and we had instant results from those ideas.

All four of the contracts contained within our designated range produced single-session gains of a significant nature.

$55 Calls – Range: 3.20-5.00 - Max Gain: 56%
$57.50 Calls – Range: 2.30-3.60 – Max Gain: 57%
$60 Calls – Range: 1.40-2.68 - Max Gain: 91%
$62.50 Calls – Range: .90-1.84 – Max Gain: 104%


Aurora Cannabis, Inc. ACB

We have followed ACB for years, but this is the first time we’ve done a feature on the stock since it was ACBFF trading on the OTC Markets. The company uplisted to the NYSE, making it one of the few cannabis plays to do so.

After having been trading at a relative bottom toward the end of last month, the stock has been gaining some ground, and is gapping up a bit this morning on the heels of its quarterly earnings report.

Aurora’s revenue increased four-fold, and its earnings surpassed $100M in the first report issued by the company since the legalization of marijuana in Canada barely a month ago. We’ll be very interested to follow up with its conference call and expected guidance, as well as track it more closely through this new quarter.


Cronos Group, Inc. CRON

Speaking of earnings, CRON has a report upcoming early this week, and despite the PPS tapering back over the past couple of sessions, we’ll be interested to follow along with its post-release activity.

We tracked CRON over its recent solid 53% run from 6.50-9.95, and we’ll be eager to see if a solid earnings report can help reinvigorate the stock. We also made some great options calls on CRON last week, which we may swing back around and do again tomorrow, with favorable enough quarterly figures.


Extended Watchlist:
AMH, APTI, UPL, GSL, TTNP, ONVO, SBGL, VTL(Bottom play)

Blue Horseshoe Stocks: Bottom Watch Plays

Activision Blizzard, Inc. ATVI

Despite beating on earnings in its postmarket release yesterday afternoon, ATVI reported fewer monthly active subscribers, and the stock has taken a gut punch as a result, falling to new annual lows in the mid-$50′s. The stock hasn’t seen a PPS this low since last December, and it went on to have a post-holiday run into March of this year, and yet another in the spring.

While we don’t expect an exact repeat of history, at present the stock is highly oversold, and we want to set up a longer-term recovery play to place on watch today and monitor going forward. We’ll be looking at the ATVI 01/18 $55-62.50 Calls for this purpose.


Bunge Ltd. BG

We’ve also taken notice of an interesting setup on BG, which has been recently trading at a double bottom, and whose CEO just picked up nearly a hundred million dollars worth of the stock here at these lows. He was also joined by another insider which submitted a pair of Form-4′s for the purchase of roughly $40M.

That’s an incredibly large bet on the part of the company’s leader, far out of the realm of simply trying to prop up his company’s stock. To invest that kind of money, would seem to imply a firm inside belief that BG won’t go much lower than what we’ve seen in the past week or so. We’ll place this stock on a Form-4 Bottom Watch moving forward, and monitor for the possibility of a nice rebound.


Extended Watchlist:
APRN, PRTY, GSL, REV,

Blue Horseshoe Stocks: Huge Options Wins

Cronos Group, Inc. CRON – Recap

We’ve been tracking CRON heavily this week, after having observed its swing low of 6.50 last week, the stock has now strung together seven consecutive bullish sessions, and yesterday attained a new high of 9.95, marking a 53% increase in roughly a week.

CRON Weekly $8 & $8.50 Calls were initially targeted in our report from Tuesday morning, and those attained new highs. We’ve now seen a move from the $8 Calls from .50-1.85 for a gain of 270%, and the $8.50′s updated range runs from .30 to 1.40, a gain of 367% in just two sessions’ time.

Yesterday we mentioned that we’d also look to roll up to higher strike points with the $9 & $9.50 Calls and those produced huge gain opportunities on the day. The $9′s moved up from a low of .20 and went on to hit a dollar, for a 400% rip, while the $9.50′s took the cake with a mega run from .10 to 70, a 600% gain.

CRON looks to be gearing down a bit this morning, but at this point it owes us nothing, and was a really great midweek play for us on the options front.


CVS Health Corp. CVS – Update

We also targeted some CVS calls on Tuesday- the CVS Weekly $75 & $75.50 Calls and did very well with those right out of the gate. We have some new highs there as well thanks to a solid session yesterday.

So far we’ve seen the $75 Calls trade from 1.05 to their new high at 6.00 (+471%), while the $75.50′s have run from .84-5.00 for gains of up to 495%, continuing our stellar week of fantastic options calls.



We also provided a pair of fresh options ideas in yesterday’s report, and kept the multi-bag profit train rolling with both targets:

ETSY Weekly $45 Calls
Range:
2.40-6.70 – Max Gain: 179%

TWLO Weekly $80-82 Calls
$80 – 3.15-16.37 (+420%)
$80.50 - 2.70-7.02 (+160%)
$81 – 2.33-14.80 (+535%)
$81.50 – 2.70-10.89 (+303%)
$82 – 2.25-13.80 (+513%)



Extended Watchlist:
ANGI, ARRS, AVLR, CVNA, CYBR, SESN, SND,