Blue Horseshoe Stocks: SPY Recap & More

SPDR S&P 500 ETF (SPY) – Recap

Our primary focus in Friday morning’s premarket report was the SPY, for which we had signaled and tracked a range of calls the previous day. Our initial targets were the SPY Weekly $270-272 Calls. and Friday we expanded that range to include the SPY Weekly $272.50-274 Calls.

After another bullish session for the SPY on Friday, we’ve got updates to the highs and overall possible gains on our original contracts, as well as the maximum intraday profits that could have been seized with our rolled up strike prices. All in all, we ended up with two incredible sets of one and two-day runners without a single dud in the bunch!

$270 Calls – Range: .85-5.32 – Max Gain: 526%
$270.50 Calls – Range: .70-4.69 – Max Gain: 570%
$271 Calls – Range: .52-4.33 – Max Gain: 733%
$271.50 Calls – Range: .39-3.80 – Max Gain: 874%
$272 Calls – Range: .30-3.31 – Max Gain: 1003%

$272.50 Calls – Range: .60-2.84 – Max Gain: 373%
$273 Calls – Range: .55-2.36 – Max Gain: 329%
$273.50 Calls – Range: .43-1.89 – Max Gain: 339%
$274 Calls – Range: .17-1.42 – Max Gain: 735%


DropCar Inc. DCAR

Catching our eye as a potential bottom-bounceplay this morning is DCAR, which, prior to today, has already begun to come up off of recently registered lows on Friday. As you can see on the included chart, our favorite indicators are clearly pointing up, with a MACD cross underway and a rapidly strengthening RSI.

This morning, a new catalyst has entered into the mix, with the company reporting a new agreement with Jaguar/Land Rover Manhattan. The dealership will use DropCar’s Enterprise Vehicle Assistance & Logistics technology platform to automate the pickup and delivery of customer vehicles for service and maintenance.

Despite gapping up moderately in the premarket, is still a fair bit of unrealized upside potential, so we’ll add DCAR to our radars and keep a close watch over it in coming sessions.


Extended Watchlist:
RAD, DPW, NAK, HZM, HD, BPMX, NBL, PGTI, NXPI, CVRS(FDA Approval)

Blue Horseshoe Stocks: SPY Ripping & More

SPDR S&P 500 ETF (SPY)

Fresh for yesterday’s premarket report was an idea we formulated for the SPY after it appeared we were headed for another bullish session, the SPY Weekly $270-272 Calls. When the markets behaved as we suspected they would, that provided us with some really great chances for single-session profits in our target contracts.

The gains were strong across the board, with the following excellent moves being made on the day:

$270 Calls – Range: .85-3.44 – Max Gain: 304%
$270.50 Calls – Range: .70-2.98 – Max Gain: 326%
$271 Calls – Range: .52-2.59 – Max Gain: 398%
$271.50 Calls – Range: .39-2.14 – Max Gain: 449%
$272 Calls – Range: .30-1.78 – Max Gain: 493%

Today, if the bonanza continues, we’ll look to roll up our strike prices to the 272.50-274 Calls today.


Under Armour, Inc. UAA – Final Update

This is the fourth day this week we’ve been tracking our UAA calls that we submitted in our premarket report on Tuesday, the UAA Weekly $15.50-16.50 Calls. We wanted to circle back around one last time to provide an update on the ranges we observed this week.

The lows listed represent those from Tuesday, and the highs were all registered yesterday, so the percentage figures given represent a three day overall upswing:

$15.50 Calls – Range: .60-2.85 – Max Gain: 375%
$16 Calls – Range: .34-2.38 – Max Gain: 600%
$16.50 Calls – Range: .16-2.00 – Max Gain: 1150%
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Fresh Options Ideas

Deere & Co. DE Weekly $167.50 Calls*
The Coca-Cola Co. KO Weekly $45* & 02/23 $46 Calls

*Please do not attempt to trade weekly options on a Friday unless you are an expert level trader with disposable funds.


Extended Watchlist:
NVAX, NSPR, MULE, SDRL, WEN, BPMX, AXL, HK(Form-4 Buy)

Incoming search terms:

  • TDL7

Blue Horseshoe Stocks: UAA Update & More

Under Armour, Inc. UAA – Update

We mentioned the possibility of further gains for the calls we signaled in the Under Armour options chain on Tuesday, the UAA Weekly $15.50-16.50 Calls.

The markets pulled a head-fake, and ended up going green, which helped allow the stock to make to more than $18. That created huge opportunities in our highlighted plays, which went quickly from double-baggers on Tuesday, to a triple, a quad, and even an octuple-bagger!

$15.50 Calls – Range: .60-2.50 – Max Gain: 317%
$16 Calls – Range: .34-2.00 – Max Gain: 488%
$16.50 Calls – Range: .16-1.50 – Max Gain: 838%

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Fresh Options Idea:
SPY Weekly $270-272 Calls



Payment Data Systems, Inc. PYDS

We are looking at PYDS as a bottom-bouncer with just the kind of chart setup we like. The stock spent nearly all of January and the beginning of February under heavy consolidation down to its lowest PPS since October. In the last couple of weeks it has shown signs of a solid turnaround.

As you can see below, the RSI is coming off of being oversold and presently cruising toward the 50-line,  the MACD is in the midst of a bullish cross, and yesterday saw the testing of the 200DMA. PYDS also has a recent history of rapid runs up the chart, also visible on the included snapshot, so we’ll be keeping a close eye on it in the coming days.


Extended Watchlist:
CSCO, MNOV, MBRX, TEVA, RIOT, HIIQ, SBCF, OMF

Blue Horseshoe Stocks: VXX Calls & More

Under Armour, Inc. UAA

Our targeted contracts for the UAA options chain worked out fairly well yesterday. We signaled the UAA Weekly $15.50-16.50 Calls. As the stock gapped up and ran over $17, it facilitated the following respectable gain opportunities:

$15.50 Calls – Range: .70-1.60 – Max Gain: 128%
$16 Calls – Range: .57-1.25 – Max Gain: 119%
$16.50 Calls – Range: .35-.85 – Max Gain: 143%

We’ll look for UAA to re-test its 200DMA as it did yesterday to potentially bring further chances, but as it stands, our ideas worked out very well for a single-session play yesterday, so we’re pleased with our calls either way.


iPath S&P 500 VIX ST Futures ETN (VXX) – More Options Ideas

There’s been quite a bit of turbulence in the markets as a whole recently, and this morning it appears as if we could be headed for another down day. If that is indeed the case, we’re going to set ourselves up with a new idea that could produce immediately.

The VXX trades inversely to the markets, so a backslide could effect significant chances to profit through the options chain. We’re going to put a tag on the VXX Weekly $46-50 Calls We’re going to want to look at the SPY as an indicator, and if it falls below 262.62, we’ll be actively tracking these VXX Calls.


Extended Watchlist:
ANDI, AGTK, POTN, IFXY, SGBI

Incoming search terms:

  • 0YT3

Blue Horseshoe Stocks: More Options Ideas

BioMarin Pharmaceutical, Inc. BMRN

BioMarin had a really solid performance yesterday after we signaled some contracts in our premarket report, the BMRN 03/16 $80 & 85 Calls. The stock ran from 81.01 to 84.19 facilitating some modest but solid intraday moves in our contracts.

The $80 Calls ran from 4.40-6.00 for a 32% rise, and the $85′s traded from 2.70-3.50, a gain of 26%

With a strong close at 83.28, and a lot of ground to cover to recoup the losses the stock has seen in the month of February, we’ll look for BMRN to establish a more sustained recovery pattern, and we may see some further increases in these contracts, which still have over a month until expiration.


Under Armour, Inc. UAA

We want to formulate an idea for Under Armour on the heels of the company’s earnings report this morning. The stock had already begun to trend off of its bottom a few sessions ago, and despite posting a Q4 loss, sales were better than expected and the stock is gapping up pretty significantly here in the premarket.

We’re going to want to keep tabs on the UAA Weekly $15.50-16.50 Calls, which could bring us sizable gain opportunities in the day or days to come.


Extended Watchlist:
APRI, CHGG, CBAY, MVIS, ADXS, MBRX, DCIX, THC