Blue Horseshoe Stocks: NTNX Update & More

Nutanix, Inc. NTNX

We began highlighting NTNX just a week ago in our report from the morning of March 12th. On that day the stock saw a low of 35.20, as we signaled the NTNX 05/19 $40-42.50 Calls for longer-term observation.

We wanted to provide an update on both the stock and our options targets this morning, as NTNX has produced a very solid and steady uptrend since the morning of our initial alert. Yesterday, NTNX ran to a new high of 42.21. That marked a 1-week increase of 20% and it allowed for some nice moves in our highlighted contracts.

The $40 Calls have thus far traded in a range from 1.96 to 4.20 for a gain of 114% while the $42.50′s ran from 1.21-2.85, an increase of 136% NTNX is only halfway to filling the topside gap on itas chart, and there’s plenty of time remaining until expiration. We’ll be interested to see if the stock can pile on even more gains.
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Fresh Options Ideas:
Conagra Brands, Inc. CAG 04/18 $24-26 Calls
Williams Sonoma, Inc. WSM 04/18 $57.50-60 Calls
Darden Restaurants,Inc DRI  04/18 $115 Calls


Extended Watchlist:
BIOS, MTP, UBX, MBT, LIFE, UAVS, AXSM, DF, INAP

Blue Horseshoe Stocks: GIS, FDX Options

Options Updates

The Michaels Companies, Inc. MIK – One of our fresh ideas for yesterday morning’s premarket report was a post-earnings target of the MIK 04/18 $12.50 Calls combined with a solid technical setup as a bottom-bounce play.

The stock turned in a very solid performance on the day, coming up just shy of its 50DMA, and that produced a significant gain opportunity for the contract set we designated. The $12.50 Calls traded up of a low of .60, and hit 1.35, marking an intraday run of 125% We’ll want to continue to reserve a spot on our radar for this play, and watch for the stock to continue to establish higher lows and higher highs off of its recent 52-week lows.
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StoneCo Inc STNE - We also had the STNE 04/18 $37.50 & $39 Calls highlighted in yesterday’s report, and while we didn’t see quite the same intensity of activity as the above-mentioned play, that pair of contracts did get off to a good start, with nearly a full month remaining until expiration.

The $37.50′s traded in a range from 4.60-6.20 for a 35% move, and the $39′s went from 4.20-5.00 (+19%). We’ll continue tracking these as well.
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Fresh Post-Earnings Ideas:

FedEx Corp. FDX Weekly $172.50-170 Puts
General Mills, Inc. GIS Weekly $47.50-50 Calls


Extended Watchlist:
SCNA, NAVB, TYHT, NVRO, PIR

Blue Horseshoe Stocks: MIK Options & More

SPDR S&P500 ETF (SPY) – Recap

We went bullish on the SPY in our premarket report yesterday, and thanks to two distinct intraday pushes for the markets, there were opportunities across the board for our highlighted contracts throughout the session.

Those targets were the daily SPY 03/18 $281-282 Calls, and we saw significant moves from all three. The $281.50 Calls traded in a range from .34-1.06 for an overall upswing of 212% while the $282′s traded up from .15 to .58, a gain of 287% (We mistakenly lost exact data for the $281 calls, but the gain opportunities were very similar to those of the other two strike points.) 


The Michaels Companies, Inc. MIK

We also want to signal a set of contracts on MIK, which was the one listing on this morning’s earnings calendar that jumped out to us the most. Michaels posted an earnings beat, but also happens to be trading near its annual lows.

We’re going to approach this like we would any other play with bottom-bouncer written all over it, by signaling some longer-term calls to give ourselves some extra time to see the recovery play out. We’re going to radar the MIK 04/18 $12.50 Calls and monitor their activity in the days and weeks ahead.
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Bonus Idea:
STNE 04/18 $37.50-39 Calls


Extended Watchlist:
FPAY, CPST, INSY, TROX, CPST, NCTY, SDRL, CREG, LGCY, AKER, PIR

Blue Horseshoe Stocks: Options Recap, New Ideas

Options Recap

We ended our week with some fresh options ideas on Friday, which, like a good majority of our ideas, saw chances for multibag gains on the day.

ULTA Weekly $320-327.50 Calls*
$320 Calls – Range:
9.20-17.60 – Max Gain: 78%
$322.50 Calls – Range: 8.80-18.80 – Max Gain: 108%
$325 Calls – Range: 4.90-19.26 – Max Gain: 108%
$327.50 Calls – Range: 5.10-16.74 – Max Gain: 110%
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SPY Weekly $280.50-281.50 Calls*
$280.50 Calls – Range: .40-1.65 – Max Gain: 78%
$281 Calls – Range: .14-1.24 – Max Gain: 108%
$281.50 Calls – Range: .09-.79 – Max Gain: 108%

Fresh Ideas:
SPY 03/18 $281-282 Calls*

FIS 04/18 $110-115 Calls

*As always when we signal options expiring the same day of our report, we must insist that you NOT attempt any of these trades unless you are an advanced level trader with access to disposable funds!


Qudian, Inc. QD

We’re looking at a potential bottom-play in QD as we kick off the week also, which as you can see on the following snapshot, has a ripening chart at the moment. The company reported earnings this morning, which beat expectations, while revenues fell slightly short.

The stock could be setting up for another run at the $7.00 range or better, so we’re going to begin monitoring QD in upcoming sessions.


Extended Watchlist:
ABIO, ADOM, NAKD, SFET, NSPR,

Blue Horseshoe Stocks: Fresh Options Ideas

Options Roundup

We are going to close out this trading week, which not-atypically presented us with stock and options plays that went for multibag gains, by formulating another group of options ideas. ULTA reported earnings yesterday post-market, we’ve been tracking NTNX for several sessions, and we’re looking at the SPY as the market is gapping up this morning.

ULTA Weekly $320-327.50 Calls*
NTNX Weekly $37.50-39 Calls*
SPY Weekly $280.50-281.50 Calls*


*As always when we signal weekly options on a Friday we must insist that you NOT attempt any of these trades unless you are an advanced level trader with access to disposable funds! It is an extreme high risk/high reward undertaking!


Extended Watchlist:
AVGO, AKAO, DFRG, BIOS, MGTA, MARK, CLNC, EQBK