Blue Horseshoe Stocks: XNET Keeps Rolling & More

Urban Outfitters, Inc. URBN – Options Rehash

We offered up an options idea for the URBN chain yesterday morning, and we’re happy to report that it resulted in some really solid single session gain opportunities coming into play.

There were quite a few pundits claiming that URBN was due for some consolidation or sideways trading, but we felt good about the company’s earnings beat, including rising same store sales. It turns out we were the one who were correct. Just take a look at the profits that were on the table for our ideas during yesterday’s session.

URBN Weekly $28-29.50 Calls
$28 Calls –
Range:  .80-2.00 – Max Gain: 150%
$28.50 Calls – Range:  .45-1.60 – Max Gain: 255%
$29 Calls – Range:  .35-1.10 – Max Gain: 214%
$29.50 Calls – Range: .25-.80 – Max Gain: 220%

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Fresh Idea:
Deere & Co. DE Weekly $143-146 Calls


Xunlei Ltd. XNET

Yesterday, we were just rehashing our timely alert from earlier this month, when we tagged XNET shortly after which time, we observed the stock trading for as little as 8.14 a share.  In what has been a solid month of November for this play, the gains it piled on quickly surged into multibag territory, and yesterday, the stock continued its very impressive climb by once again hitting new annual highs.

XNET reached 24.29 during yesterday’s session, which represents a significant extension to the gains we’ve witnessed thus far. From our observed low of 8.14, the new high marked an increase of 198% in just the last few weeks. Volume was also at its highest level of 2017, so we’re very interested to see how the rest of this scenario plays out.

XNET recently made it known that it was going to focus on blockchain tech, which is a large part of the reason why the stock has been running like a scalded cat. The crypto space has been the talk of the town for some time now, and as you can see, it’s really given this one a push.


Extended Watchlist:
GROW, EPE, LEDS, CPRT, TLGT, AXTA, KONE

Blue Horseshoe Stocks: XNET Recap & More

Options Review

Once again going back to the options ideas that we submitted in our premarket report on Friday morning we’ve got some updates on the figures for the VZ 01/19 $45-48 Calls. We gave several reasons why it appeared as if the gains we saw on Friday were just the beginning. We told our readers to loojk out for increases to the ranges we had observed to that point, and it was yet another spot-on call for us.

Each of the four sets of contracts in our highlighted range turned up with new highs, so here we’ve got the updated ranges and  potential two-day gains for anyone who was following along with our idea.

VZ 01/19 $45-48 Calls
$45 Calls – Range: 1.08 -2.01 – Max Gain: 86%
$46 Calls – Range: .59-1.35 – Max Gain: 129%
$47 Calls – Range: .39-.83 – Max Gain: 113%
$48 Calls – Range: .23-.50 – Max Gain: 117%

It’s a good thing that we did select a group of ideas that don;t expire for awhile, because it opens us up for the gains at even further success with these options. Indications suggest that the party may not be over. We may yet see further extensions of these ranges, so we’ll be sure to keep a sharp lookout.

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Fresh Ideas:
URBN Weekly $28-29.50 Calls

  PANW Weekly $150-155 Calls


Xunlei Ltd. XNET

Earlier this month, we tagged XNET for observation, and the stock has had one heck of a bullish month. We actually observed a low of  8.14 shortly following our initial alert, and this week has brought some really impressive new highs.

XNET made its way all the way to 19.57, in what has been a nearly continual uptrend all month long. It represents an increase of 140% That’s an awesome move for a $8+ stock to make over a matter of just a couple of weeks, and we’re definitely interested to see where it goes from here.


Extended Watchlist:
KBSF, CLSN, CHFS, KONE, IZEA, SNMX, MLNX, TLGT

Blue Horseshoe Stocks: Friday’s Movers & More

Options Review

We absolutely crushed it on the options front over the past few weeks, and the fresh ideas we floated in our premarket report on Friday morning were no exception. We signaled our interest in tracking a broad range of contracts in both the Foot Locker and Verizon chains, and most of those ideas were successful in providing traders with a chance at sizable single session gains.

Foot Locker, Inc. FL Weekly $38-42 Calls
$38 Calls –
Range: 1.17-2.98 – Max Gain: 155%
$39 Calls – Range: .45-1.94 – Max Gain: 331%
$40 Calls – Range: .20-1.00 – Max Gain: 400%

The $41 and $42 Calls ended up being too far out of the money to see any notable activity, but the contracts that did move, did so very nicely.
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VZ 01/19 $45-48 Calls
$45 Calls – Range: 1.08 -1.66 – Max Gain: 54%
$46 Calls – Range: .59-1.10 – Max Gain: 86%
$47 Calls – Range: .39-.67 – Max Gain: 72%
$48 Calls – Range: .23-.42 – Max Gain: 83%

In the case of Verizon, it appears the stock is getting a push from an analyst upgrade, news of special holiday deals the company is offering, and a great chart setup even before last week’s earnings beat. We seem to have come along at an opportune time, and could very well see further gains in these contracts. We’ll definitely continue to track these ideas.


Aurora Cannabis, Inc. ACBFF

Aurora was among the many cannabis stocks we highlighted a couple of weeks ago in our Cannabis Commentary report,. and between that week, and last week, the stock made a very nice run. It traded up from a low of 2.777 to a high of 5.45; a move of 96%

That was followed by a consolidation, and this week were going to want to watch out for ACBFF to find support and potentially make another run at its previous resistance point. The company also reported a possible takeover of another firm this morning, so we’re really going to keep paying close attention to Aurora this week.


Extended Watchlist:
DDD, GLBS, DCIX, MYSZ, MRVL, CAVM, CRMD

Blue Horseshoe Stocks: WMT Options Recap & More

Wal-Mart Stores, inc. WMT – Options Review

We signaled a wide range of options contracts in the Wal Mart chain yesterday, the WMT Weekly $92-96 Calls, and every single one of them produced the opportunity for huge single session gains. It was a post-earnings beat idea, and those have a tendency to work well in our favor.

WMT made a considerable move which allowed for multi-bag gains regardless of which strike price was selected. Those potential profits were as follows:

$92 Calls – Range: 2.55-7.40 – Max Gain: 190%
$92.50 Calls – Range: 2.13-7.15 – Max Gain: 236%
$93 Calls – Range: 1.42-6.58 – Max Gain: 363%
$94 Calls – Range:1.03-5.53 – Max Gain: 437%
$95 Calls – Range: .60-4.50 – Max Gain: 650%
$96 Calls – Range: .23-3.50 – Max Gain: 1421%

It appears as if WMT could keep this train rolling today, so we may look to roll up to the WMT Weekly $98-100 Calls* to stay close to the money.



Fresh Options Ideas:

We also want to put a few contracts from the Foot Locker and Verizon chains on watch today. Footlocker currently has a ripe bottom-play setup happening on the chart, while Verizon is another post-earnings beat idea.

FL Weekly $38-42 Calls*

VZ 01/19 $45-48 Calls

* Never trade options with a weekly expiration on a Friday unless you’re an expert trader with disposable funds. It’s just about as risky as it gets.


Extended Watchlist:
RLOG, DCIX, SINO, TOPS, NTES, HIBB

Blue Horseshoe Stocks: Bottom-Watch Play & More

Synergy Pharmaceuticals Inc. SGYP – Bottom Watch

We noticed SGYP start to sell off rapidly last week, after a poor earnings report and the pricing of a public offering on the stock with shares being offered at 2.58. Combined with the start of tax-loss selling season, and SGYP has approached extreme oversold territory.

We’ve now begun to take interest in this as a bottom watch play to monitor for a rebound in coming sessions, and it could ultimately be quite a recovery. We’ve got a stock that was trading for nearly seven dollars a share at the beginning of this year, beaten all the way down to new annual lows. If SGYP were to regain even a portion of the ground it’s lost in recent months, it would be worth our time to track it.


Wal-Mart Stores, inc. WMT – Options Idea

Looking at this morning’s premarket earnings calendar, it was WMT that jumped out at us the most, with a solid beat, and heightened guidance propelling the stock to a moderate gap up at the moment.

We’re going to formulate a quick options idea to try to take advantage of the situation. Walmart has been exceptionally bullish for most of this year, and is currently soaring into blue skies, setting a new annual high with every uptick.

We’re going to put the WMT Weekly $92-96 Calls on watch for the remainder of the week.


Extended Watchlist:
SRNE, MD, ADMP, QRHC, CREG, MD, RIOT, AFMD