August, 2019 | Blue Horseshoe Stocks

Blue Horseshoe Stocks: Options Movers

Options Updates:

We’re going to start out this morning by going over some recent extended term options ideas we’ve had and the success they’re enjoying after Friday’s market rebound from Wednesday’s big dip. We are also seeing the makings of a continuation of Friday’s momentum today, so we expect to see the gains listed on our ideas to below to be expanded with another bullish session.

Agilent technologies, Inc. A – Our timing with Agilent couldn’t have been much better, citing the A 9/20 $65-70 Calls as our area of interest on Wednesday. The recovery that would follow for stocks in general would help push those targets to some extremely solid intraweek runs.

$65 Calls – Range: 3.50-6.71 – Max Gain: 92%
$67.50 Calls – Range: 2.30-4.48 – Max Gain: 95%
$70 Calls – Range: 1.35-2.80 – Max Gain: 107%

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Boeing Corp. BA – We have been tracking a range of Boeing calls since early this month, signaling our interest in the BA 09/06 $340-350 Calls on the morning of August 5th. We’ve seen some pretty good activity from four out of those five sets of contracts, and will continue to monitor for further gains as we mentioned above.

$340 Calls – Range: 2.80-4.64 – Max Gain: 66%
$342.50 Calls – Range: 2.10-3.70 – Max Gain: 59%
$345 Calls – Range: 1.08-2.85 – Max Gain: 164%
$347.50 Calls – Range: 1.60-2.35 – Max Gain: 47%
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Fresh Idea:
SPY Weekly $290.50-291.50 Calls

Extended Watchlist:
CPST, REKR, BGG, RVLT, NOVA, AXSM, WB, JAGX, VRAY, INPX

Blue Horseshoe Stocks: Big-Time Options Wins

Three Ideas, Three Successes

We didn’t let the DOW’s biggest drop of the year on Wednesday discourage us from producing three new options ideas for our readers yesterday morning. The three sets of contracts we issued alerts on were the SPY Weekly $284.50-286 Calls, the WMT Weekly $111-114 Calls, and the BABA Weekly $165-170 Calls.

This morning, we are happy to close out the week by relaying to you, the total trading ranges and possible percentage gains that were there for the taking with all three of our ideas. We’re going to lay them out a bit differently than usual today, but the gains remain the same!

SPY Weekly $284.50-286 Calls
$284.50: 1.00-2.08 (+108%) | $285: .81-1.77 (+119%)
$285.50: .67-1.46 (+118%) | $286: .50-1.22 (+144%)

WMT Weekly $111-114 Calls
$111: .55-2.20 (+300%) | $112: .22-1.38 (+572%)
$113: .10-.76 (+660%) | $114: 05-.35 (+600%)

BABA Weekly $165-170 Calls.
$165: 1.50-3.50 (+133%) | $167.50: .55-1.76 (+220%)
$170: .18-.70 (+289%)

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Fresh Options Idea:
We’ll also leave this off for the week with one final idea, the OSTK $18.50-19.50 Calls.

PCT Ltd. PCTL

Earlier in the week when we provided another update on PCTL we mentioned that subsequent to our previous alert, the stock ran from .0085 to a new high of .0228. We also pointed out a patch of resistance around the .029 area, stating that we “wouldn’t be surprised to see PCTL test in upcoming sessions”.

Just a couple of sessions later, yesterday, PCTL did indeed test and break that resistance, setting a new high of .0432. That brings our total observed gain on this stock since August 5th to a whopping 507%

Sintx Technologies, Inc. SINT – Recap

Lastly, we had a runner on yesterday’s extended watchlist was well, as SINT had quite an interesting session. The stock saw an early low of 2.355 before running up to 4.32, for an intraday move of 83%

SINT then lost all of that ground and came down to close at 2.19. What makes that’s interesting is the volatility we’re seeing in the stock, and with SINT now back at a bottom, we could be headed for more intraday opportunities with this play, so we’ll keep it on the radar for now.

Blue Horseshoe Stocks: Bucking the Trend

HUYA Inc. HUYA – Bucking the Trend

Despite the markets as a whole precipitating the worst single-session drop-off of 2019 thus far, yesterday morning we included an options idea for HUYA on the heels of its earnings, and the stock was able to buck the overall market trend.

We had the HUYA Weekly $21-22 Calls on watch for the day, and all three contract sets afforded traders the chance at multi-bag gains on the day, flying in the face of the bloodbath that was occurring elsewhere.

The total potential profits on the table for those HUYA options were as follows:

$21 Calls – Range: .58-1.30 – Max Gain: 124%
$21.50 Calls – Range: .40-.95 – Max Gain: 138%
$22 Calls – Range: .20-.70 – Max Gain: 250%

**We published the right ranges, but the wrong set of gains in error this morning. Our apologies. The table has now been updated to reflect the correct percentage gains.

More Fresh Options Ideas:

Stock futures are headed back up this morning, at least in the premarket, on the heels of Walmart’s earnings report. We’re going to formulate a corresponding idea for that chain, as well as the SPY, and Alibaba which also reported its earnings today.

SPY Weekly $284.50-286 Calls
WMT Weekly $111-114 Calls
BABA Weekly $165-170 Calls

Red Rocks Resort, Inc. RRR

To finish things up this morning, we’re going to place RRR on watch for a potential recovery n the days and weeks ahead. We noticed a series of Form-4 buys coming in at the bottom following the company’s earnings beat last week, to the tune of more than $20M.

You can also see that the MACD, one of our go-to indicators, is ripening for a bullish cross at any time. The volatility potential is here as well. We’ll want to radar RRR for a rebound going forward.

Extended Watchist:
SINT, RVLV, PAYC, NE, MTC, TSG