April 2020 - Page 2 of 4 - Blue Horseshoe Stocks

Stock and Options Success

Options Review

A couple of the options trading ideas we floated in yesterday morning’s premarket report turned out to be solid winners on the day. We had highlighted calls in the SNAP and CMG chains and in both cases we met with some serious opportunities.

SNAP Weekly $14-15 Calls
$14:1.20-3.10 (+158%)
$14.50: .65-2.58 (+297%)
$15: .61-2.15 (+252%)
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CMG Weekly $810-840 Calls
$810: 39.61-83.10 (+110%)
$820: 29.60-84.00 (+184%)
$830: 26-70.40.00 (+50%)
$840: 20.36-64.00 (+214%)
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Fresh Options Ideas
ORLY 05/15 $390-400 Calls
LLY Weekly $155-160 Calls

Other Updates – Here are some stock calls we’ve scored on so far this month, that were helped to new highs yesterday as the markets surged and stayed green throughout the course of the day.

Decision Diagnostics Corp. DECN
Called: April 7th,
Overall Range: .125-.40
Gained: 220%
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BioSig Technologies, Inc. BSGM
Called: April 7th, April 22nd
Overall Range: 3.45-7.23
Gained: 110%

Fresh Ideas, Form-4 Alert

EFX Options Review

Despite a poor day for the market yesterday on the heels of oil futures falling to negative values, one of our daily trading ideas still produced for us fairly well. We had signaled EFX Weekly $126-129 Calls in yesterday’s premarket report, and half of that range saw incredible multibag gains.

While the $126-127’s were pushed a little too deep in the money, the $128-129’s absolutely exploded, with a nine and a four-bagger, respectively!

EFX Weekly $128-129 Calls
$284:.60-6.40 (+967%)
$285: 1.00-5.80 (+480%)

Fresh Options Ideas

We’ve got a few more ideas to add to our running watchlist this morning, with a heavy slate of earnings reporters catching our eye here in the premarket.

SNAP Weekly $14-15 Calls
CMG Weekly $810-840 Calls
BIIB Weekly $312-309 Puts

Siebert Financial Corp. SIEB – Form-4 Alert

We always try to keep an eye out for bottom plays with recent insider buying, and today it was SIEB that caught our attention. A member of a >10% Ownership Group purchased over $12M in SIEB at 5.80, just a bit higher than the stock’s recent annual lows.

Accordingly, we are going to place SIEB on our list of interesting stocks to track, and monitor its movements moving forward.

Extended Watchlist:
GRTD, CELZ, DECN, INVU

OWCP Recap, Fresh Options Ideas

SPY Options Review
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We had one lone set of fresh options ideas to start the week off yesterday, signaling our interest in the SPY Weekly $284-286 Calls .

The markets did see a sharp rise in the first half of the session, despite returning to close flat on the day. That allowed for some reasonably solid chances for quick-strike gains in our designated target range.

Weekly $284-286 Calls
$284: 3.52-6.09 (+73%)
$285: 3.79-5.49 (+45%)
$286: 3.29-4.90 (+49%)
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Fresh Ideas:
LMT Weekly $385-390 Calls
EFX Weekly $126-129 Calls
CCK 05/15 Weekly $60-65

OWC Pharmaceutical Research Corp. OWCP

It turned out to be OWCP that put up the most notable performance off of our extended watchlist yesterday. We saw the stock do big things last year, but were mentioning it for only the second time in 2020.

It put forth a couple of nice little moves on the day, first trading up from a low of .014 to .0289 (+92%), then pulling back to .0192 before hitting a new high of .036 (+88%). In total, the stock rose 157% from its early morning low to the ultimate high set during power hour.

Extended Watchlist:
CELZ, GFTX, HPMM, BLXX, BTH

SMPL Update, Form-4 Alert

The Simply Good Foods Co. SMPL – Options Review
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On Thursday morning, SMPL was among the fresh options trading targets that we had mentioned in our premarket report. We were looking specifically at the SMPL 08/21 $20-22.50 Calls.

Despite it being one of our relatively rare longer-term swing-trade ideas, with tons of time remaining until expiration, we did see some early gains right off the bat from those plays as the week drew to a close.

08/21 $20-22.50 Calls
$20: 1.50-2.20 (+47%)
$22.50: .70-1.30 (+86%)

We’ll certainly continue to have these targets on watch in the weeks and months ahead, it was good to see some instantaneous opportunity arise.
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Fresh Ideas:
SPY Weekly $284-286 Calls

AxoGen Inc. AXGN – Form-4 Alert

We would also like to make mention of AXGN this morning. which we caught sight of during a routine Form-4 scan. We’ve got the CEO picking up shares and adding to his already considerable position just as the stock was preparing to register new annual lows.

We generally like to put stocks in this situation on watch, and will be anxiously awaiting the company’s quarterly results due in roughly two weeks.

Extended Watchlist:
DMAN, KNOS, PCTL, OWCP, HUTMF, NBY, AVCT, EROS, CYCC, TRNX,

Incredible Options Trading Week!

Another Big Options Trading Week
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UnitedHealth Group, Inc. UNH – We were just reporting on the solid gains made by our UNH idea yesterday, the UNH Weekly $270-277.50 Calls. It was a see-saw kind of a day for the markets at large, but there was still plenty of opportunity for us to increase our observed ranges on these plays since we began tracking them Wednesday morning:

UNH Weekly $270-277.50 Calls
$270: 6.00-26.50 (+342%)
$272.50: 4.21-26.00 (+518%)
$275: 3.30-20.00 (+506%)
$277.50: 2.39-21.40 (+795%)

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Johnson & Johnson JNJ – We’ve also been following the JNJ 09/18 $150-155 Calls since last Tuesday morning, and like the play above, are returning for the second straight day to highlight the impressive gains we’ve witnessed thus far:

JNJ 09/18 $150-155 Calls
$150: 2.90-10.17 (+251%)
$155: 2.27-7.50 (+230%)
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The success with our options calls just kept coming this week, and that includes a pair of our ideas that were fresh for yesterday morning. We signaled interest in calls in the ABT and TSM chains, and saw some really nice moves there as well.

ABT Weekly $90-92.50 Calls
$90: 2.00-7.10 (+255%)
$92.50: .85-5.00 (+488%)
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TSM Weekly $50-52 Calls
$50: 1.86-3.16 (+70%)
$50.50:1.55-2.50 (+61%)
$51: 1.30-2.15 (+65%)
$51.50: .57-1.70 (+198%)
$52: .65-1.26 (+94%)

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More Fresh Ideas:
STT Weekly $60-65 Calls*
KSU Weekly $136-140 Calls*

*Never trade options with a weekly expiration on Friday unless you’re an expert level trader with access to disposable funds!

Moderna Inc. MRNA

We began tracking MRNA at the end of February, initially tagging the stock on February 27th and then again on March 16th. After seeing a low of 19.31 following that report, MRNA has been making steady headway in its run up the chart which has persisted for more than a month now.

Yesterday we saw a new recorded high of 41.55, which represents an overall increase of 115% since we began following the activity in MRNA.

Extended Watchlist:
CBDL, TURV, CNBX, DECN, GLGI, PWRMF, SBES, PCTL