Blue Horseshoe Stocks: CAT Options & More

Caterpillar, Inc. CAT – Options

We’ve had great success in the past with CAT options after the company reports earnings, and that’s just what we’re going to try to do again today.

The company obliterated forecasts on the Street for its earnings figures and raised its outlook as well, producing interesting activity here in the premarket and has us anxious to track some calls once the session gets going.

We’re interested in monitoring the CAT 04/27 $157.50-162.50 Calls to try and take advantage of the situation.


Controladora Vuela Compania de Aviacion VLRS

We’re also going to put VLRS on bottom watch for a potential incoming dead cat bounce after the stock has been absolutely crushed over the past two sessions, as you can plainly view on the chart below.

All because of perceived lowered demand after the company’s revenue per seat mile decreased, even as overall revenue increased, according to its recent earnings report. We don’t see that as commensurate with the beating the stock has taken, sending it to new lows and well into egregiously oversold territory. We’ll have it on watch for a possible rebound.


Extended Watchlist:
ATI, SHPG, NETE, HOG, EDU

Blue Horseshoe Stocks: Options Review & More

Post Earnings Options Review

Our premarket report on Friday focused on two sets of options ideas from companies which had just posted earnings beats that morning. As it turns out, there was a big time opportunity in each of them.

General Electric Co. GE - We signaled the GE Weekly $14-15 Calls, and it was the $14 and $14.50′s that produced solid chances to profit from that idea. The $14′s ran 106% from .36-.74, and the $14.50 really shined with a move from .03 to .25, a whopping gain of 733%
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HoneyWell International, Inc. HON – We also highlighted our interest in tracking the HON Weekly $150 & $152.50 Calls for possible day-trades, and while the 152.50′s didnt see a lot of action, the $150′s were a perfect idea, trading in a mind boggling range from .01 to .52, a 5100% single session gain! Big cheers to anyone who caught a piece of that action!


Hasbro, Inc. HAS

Hasbro came out with their quarterly earning report which disappointed, according to the company, because of the Toys ‘R Us shutdown. The stock had already registered a new 52 week low on Friday after nearly two months of backsliding, and we’re still thinking it has a ways to fall.

That’s why we’re going to adopt a bearish stance and signal the HAS Weekly $78-76 Puts to start of this new trading week.


Extended Watchlist:
AGMH, SGYP, EBIO, ISIG, SLDB, VTVT, MYSZ, DLSV

Blue Horseshoe Stocks: Earnings Related Options

Post Earnings Options Ideas

General Electric Co. GE - In recent months we’ve watched as GE has been hammered back, and it was only recently that the stock began to find support and make a reversal. We’re really paying attention this morning on the heel of the company’s earning release. It’s currently up in the premarket by a significant margin.

We’re going to be looking to take advantage of a possible dip-and-rip scenario here, with a quick strike options trading idea. We want to track the GE Weekly $14-15 Calls*, which should see some nice activity to close out the week.
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HoneyWell International, Inc. HON
– We also like the chances of some good opportunities with HON, also coming off the premarket earnings calendar this morning with some strong results for the quarter.

Here we’re going to be monitoring the HON Weekly $150 & $152.50 Calls* for possible day-trades.

*Please be advised that trading weekly options on a Friday carries extreme risk which should never be undertaken unless you an expert trader with disposable funds.


Extended Watchlist:
AGMH, SSW, ERIC, AYTU, MSCC

Blue Horseshoe Stocks: VTVT New Highs & More

vTv Therapeutics, Inc. VTVT

We’ve been closely tracking VTVT since including it our report on Tuesday morning as a bottom play. As we mentioned yesterday, the timing was essentially perfect. It took off on Tuesday, and yesterday that run persisted just as we suggested it may.

The stock traded in a range from 1.24 to a new high of 2.67 yesterday, representing an intraday move of 115% From Tuesday’s low of .79 the stock has registered a two-day upswing of 238% and has easily been the NASDAQ’s top play of the week.


Onconova Therapeutics, Inc. ONTX

Speaking of bottom plays, we’re always searching for the next heavily oversold stock, and we’ve got a candidate to bring forth today in ONTX. As you can plainly view on the chart snapshot below, the stock has been heavily sold off, and the RSI is definitely giving off that heavily oversold signal.

The last time that happened the stock did mount an appreciable recovery in the ensuing weeks, so we’re going to put ONTX on extended watch.


Extended Watchlist:
AXXA, IMTV, HMNY, AREX, AYTU, IRBT, AVGR

Blue Horseshoe Stocks: VTVT Recap & More

vTv Therapeutics, Inc. VTVT

Our report yesterday morning included  a look at the VTVT chart, and establishing our interest in tracking it as a bottom play. Our timing in this really could not have been any better as the stock not only made it biggest single session move of the year, but also traded its highest volume.

VTVT ran from a low of .79 and reached as high as 1.67, a 53% intraday rip, and ended up closing at 1.19, filling a portion of the large gap which you can plainly see below. Based on the activity we’ve now witnessed, and the still-ripe look of the chart, we’re going to continue to keep a close watch over VTVT.


Van Eck Vectors Gold Miners ETF (GDX)

We also want to begin tracking a pair of options contracts in the GDX chain. Gold has been doing well and looks as if another solid day could be in the cards.

On that event, there should be some nice activity in the GDX Weekly $22.50 & $23 Calls, so we’ll be monitoring for that.



Tandem Diabetes Care, Inc. TNDM – Update

It was a week ago today that we were commenting on our coverage of TNDM in 2018. We caught this stock at a low of 2.14 earlier this year, and it has come a long way since then.

This week the stock has traded up to a high of 7.75, marking an increase of 262% since we began tracking it.


Extended Watchlist:
TEUM, ARQL, SPWR, PRPO, INPX, USLV, OAS