Blue Horseshoe Stocks: Options Review & More

Walmart, Inc. WMT

At the top of our report yesterday was an idea we formulated for the WMT options chain, the WMT 03/16 $90-93 Calls. WMT stock had been under pressure in the previous two sessions, and we got the start of the rebound we were looking for.

We’ll want to see that trend confirmed today with the registering of higher highs and higher lows, but as it stands, here are the gains that our idea yielded on the first day.

$90 Calls – Range: 2.70-3.90 – Max Gain: 44%
$91 Calls – Range: 2.30-3.20 – Max Gain: 39%
$92 Calls – Range: 1.78-2.56 – Max Gain: 44%
$92.50 Calls – Range: 1.62-2.26 – Max Gain: 40%
$93 Calls – Range:1.39-2.00 – Max Gain: 43%

Avis Budget Group, Inc. CAR

We also said we were going to look for opportunities in the CAR 03/16 $42-44 Calls yesterday morning, and those got off to a good start as well. After gapping up considerably, the stock continued to run, facilitating the following intraday moves on our first day of observation.

$42 Calls – Range: 2.80-3.90 – Max Gain: 39%
$43 Calls – Range: 2,21-3.11 – Max Gain: 41%
$44 Calls – Range: 1.70-2.60 – Max Gain: 53%

Based on the premarket activity we’re observing this morning, we’d expect CAR to extend its gains, and see further increases in these contracts.

Progressive Care, Inc. RXMD

We also had RXMD in yesterday’s premarket report via our Extended Watchlist, and saw some good first day activity there as well. It caught our eye because of the huge run it had already previously been building up. We thought we could ride the wave, and it worked out nicely.

The stock traded up from a low of .0663, and went as high as .086, for a move of 30% on the day, and being in blue skies at the moment, there’s no telling when this ride will let up.

Extended Watchlist:

Incoming search terms:

  • 1TDF
  • 5QN4
  • 9DIY
  • K41X
  • PN1R
  • UKXW
  • ZJ02