September, 2019 | Blue Horseshoe Stocks

Blue Horseshoe Stocks: EROS Update & More

Eros International Plc. EROS

We revisited EROS yesterday morning, just under one month following our August 21st report, mentioning its recent run which began from a low of 1.20.

The stock was moving in the premarket in the wake of a news announcement placing the company in partnership with Microsoft. We felt the news had a chance to carry the stock even higher than we had seen it run already, and that’s just what yesterday’s session brought.

EROS ran to a new high of 3.92, which marked an overall increase of 227% over our observed low roughly three weeks ago. The performance was also good enough to land the stock in the #1 slot on the NASDAQ daily top gainers list.

Fresh Options Idea:
Overstock.com, Inc. OSTK 10/04 $15.50-16 Calls
SPDR S&P 500 (ETF) SPY Weekly $299.50-300 Calls*

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

Extended Watchlist:
NXGB, HDB, VEDL, PLAN, FNSR, CRC, MDR, SCS

Blue Horseshoe Stocks: Big Shipping Options

Big Shipping Options Review

Yesterday morning, we were feeling confident in a bearish session leading into the Fed meeting. Despite a last-hour rebound following the rate lowering, most of the day provided us with plenty of backsliding action that led to some very respectable single-session gains for our picks.

We had bearish ideas set up for both of the main players in the parcel shipping game, In each instance, we observed solid moves for every single one of our targeted contracts:

FDX Weekly $157.50-155 Puts
$165 Calls – Range: 4.30-9.20 – Max Gain: 114%
$167.50 Puts – Range: 3.00-7.00 – Max Gain: 133%

UPS Weekly $120-119 Puts
$120 Puts – Range: .67-1.37 – Max Gain: 104%
$119 Puts – Range: .44-.89 – Max Gain: 102%

Eros International Plc. EROS

We mentioned EROS most recently on August 21st, and shortly following that alert, the stock was trading for as little as 1.20. This morning we have observed a new high of 3.42 in the premarket in the wake of an announced partnership with Microsoft.

That’s a total increase of 185% in roughly seven weeks’ time. We’ll be interested to continue monitoring the activity from this point on.

DOUGLAS, Isle of Man–(BUSINESS WIRE)– Eros Now, a South Asian entertainment OTT (over-the-top) video platform by Eros International Plc, a Global Indian Entertainment Company, the ultimate one-stop destination for the internet generation to consume captivating content, today announced a collaboration with Microsoft to build a next generation online video platform on Microsoft Azure targeted at its consumers across the globe. (>>View PR)

Extended Watchlist:
NSPR, NTRP, PHUN, OBLN, SCYX, CGIX, MLHR

Blue Horseshoe Stocks: Bearish Options, Bottom Play

Cracker Barrel Old Country Store Inc. CBRL – Recap

First up this morning is a quick recap of the fresh options idea we formulated for yesterday morning’s premarket report. We had designated the CBRL Weekly $165-170 Calls as our targets of interest.

Two of those three contract sets produced opportunities for multi-bag gains on the day, with the third not far behind:

$165 Calls – Range: 5.25-9.57 – Max Gain: 227%
$167.50 Calls – Range: 1.20-3.50 – Max Gain: 393%
$170 Calls – Range: .56-1.45 – Max Gain: 227%

DURRECT Corp. DRRX – Recap

DRRX is a play that we began tracking last month (08/07). Following that initial report, we observed the stock trading for as little 1.22.

In the four weeks which have followed, DRRX has been a steady riser, stair-stepping its way gradually up to its new high yesterday of an even 2.00/share. That works out to a very respectable rise of 64%

Neurotrope, Inc. NTRP

We also want to shine a light on the current setup of the chart on NTRP. Poor marks on for its Alzheimer’s treatment should have pushed it down quite a bit, but there seems to be no readily apparent reason why the stock should have fallen as low as it did following the lackluster report on the company’s clinical trials.

At present the stock is hugely oversold, and from a technical standpoint alone, could begin a reversal on little more than a breath of air. Indication from the MACD suggests convergence toward a bullish cross in the making. Should enough people catch on to the present scenario and load up cheap shares at current pricing, it could happen sooner rather than later. Even a partial fill of the massive gap on the chart would mean big gain chances.

Fresh Options Ideas:
FDX Weekly $157.50-155 Puts
UPS Weekly $120-119 Puts

Extended Watchlist:
SINT, VIVE, GHSI, OPGN, JAGX, ROAD, TTNP, BE