Blue Horseshoe Stocks: Hot Options Calls & More

Bank of America Corp. BAC

Yesterday, for the second consecutive trading day, the BAC options idea we floated on Tuesday morning yielded the opportunity for solid intraday gains. The BAC Weekly $12.50 and $13 Calls produced the following chances:

$12.50 Calls – Range: .49-.74 – Max Gain: 51%
$13 Calls – .16-.34 – Max Gain: 113%

As we’ve been saying from the word go, if BAC can jump the 13.50 hurdle, we’ll be looking to roll up our strike price, and today might very well be the day it occurs. The stock traded as high as 13.48 in post-market trading yesterday, and the markets in general appear to be in line for another solid session.

To remain interested in our ideas going forward, we’ll need to see BAC hold support above 13.15 on any pullbacks.


More Options Recaps

SPDR S&P 500 ETF (SPY) - The SPY was one of a pair of fresh ideas we put in yesterday’s morning report, and with the strong daily performance of stocks across the board, the SPY Weekly $204-206 Calls we signaled enjoyed some huge multi-bag moves:

$204 Calls – Range: 1.45-3.20 – Max Gain: 121%
$205 Calls – Range: .87-2.29 – Max Gain: 163%
$206 Calls – Range: .47-1.55 – Max Gain: 230%

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Nike, Inc. NKE - We also highlighted a range of Nike options as the company was just coming off of a post-market earnings beat on Tuesday, specifically the NKE Weekly $52-54 Calls. Again, market-wide bullishness aided an excellent intraday push for each of our alerted contracts:

$52 Calls – Range: 1.23-3.00 – Max Gain: 144%
$52.50 Calls – Range: .85-2.61 – Max Gain: 207%
$53 Calls – Range: .60-2.13 – Max Gain: 255%
$53.50 Calls – Range: .42-1.60 – Max Gain: 281%
$54 Calls – Range: .27-1.20 – Max Gain: 344%


Fresh Idea:

Mobileye N.V. (MBLY) – We’re having such good fortune in options with current conditions allowing for the type of volatility that traders dream of, that we might as well offer up yet another new idea this morning. We’re going to be paying attention to the MBLY Weekly $44.50-46.50 Calls, as the stock is gapping up heavily in the premarket today.


Cemtrex, Inc. CETX

We’re also taking a technical interest in CETX this morning. As you can see on the following chart snapshot, there are a number factors indicating the potential for some increased upward movement.

This comes just a week after the company announced its first ever share buyback program, which will allow for the repurchase of up to a million shares over the next year.


Extended Watchlist:
LOTE, VAPE, GRNH, INNI, TCPS, FVE, ONE, TWLO