Blue Horseshoe Stocks: Winning Options

ConocoPhillips COP – Recap

We published a light newsletter yesterday morning containing just one specific idea, which was the COP Weekly $61-62.50 Calls. Fortunately, when you come up a solid plays like these, one is all you need!

ConocoPhilips behaved exactly as we suspected, gapping up and continuing to run, and facilitating some very nice single-session profit opportunities for ourselves and our followers. Out of four contracts in our highlighted range, all four produced multi-bag gains on the day.

Those excellent potential gains were as follows: 
$61 Calls – Range:  .91-2.00 – Max Gain: 227%
$61.50 Calls – Range: .73-2.11 – Max Gain: 393%
$62 Calls – Range: .51-1.80 – Max Gain: 227%
$62.50 Calls – Range: .36-1.45 – Max Gain: 393%
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New Relic Inc. NEWR – Fresh Idea

We also want to bring NEWR into the mix today with a longer-term recovery idea. The stock has not only been bouncing off of recent lows, but we’ve also got some Form-4 activity at these low levels.

We’ll watch NEWR in the weeks and perhaps even months ahead, using the NEWR
12/20 $60-65 Calls
as our potential vehicle.
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Bonus Idea:
CBRL Weekly $165-170 Calls


Extended Watchlist:
YUMA, AMPE, CTST, LXRX, DRRX, MLHR, JAGX, CGIX

Blue Horseshoe Stocks: COP Options Idea

ConocoPhillips COP – Options Idea

We’re running a little light this morning as we pick up for a new trading week, with no interesting earnings plays to fall back on. However, in our morning scan, we’ve picked up on an interesting play with energy giant ConocoPhillips.

The stock has been in a bullish pattern for most of the month so far, and this morning, we’re seeing a lot of oil plays bucking the trend of the overall markets, which appear to be bearish at the moment. We’re going to place a range of weekly options on watch this morning to coincide with the activity that’s currently unfolding.

Our targets of interest are going to be the COP Weekly $61-62.50 Calls.


Extended Watchlist:
BP, CRR, FTR, SPN, JAGX, XEC, PBR

Blue Horseshoe Stocks: Fresh Options Plays

MasterCraft Boat Holdings, Inc. MCFT – Fresh Idea
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We’ve picked up on a very interesting chart shape in Mastercraft this morning. The stock was well on its way to a solid recovery after bouncing off of its bottom at the end of last month. Despite the company’s earnings beat yesterday, the stock saw a gap-down followed by another bottom bounce.

We are interested in tracking the MCFT 10/18 $15-17.50 Calls in the weeks ahead, which will work out quite nicely if the stock manages another rebound similar to the one it exhibited in recent weeks.


Overstock.com Inc OSTK – Recap

The last time we tagged OSTK was a couple of weeks ago, on the morning of August 27th. We had scored some solid opportunities with short-term options in its chain the week before, but that report was a simple tag on the stock itself.

Subsequent to that highlight of OSTK, the stock saw a low of 14.72. That was followed by seven consecutive bull sessions by the stock, including yesterday’s which sent OSTK to a new high 27.38. That works out to an upswing of 86% in the month of September alone.


Fresh Options Idea:
SPY Weekly $301-302.50 Calls*

*Never trade weekly options on a Friday unless you are an advanced level trader with access to disposable funds!


Extended Watchlist:
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Blue Horseshoe Stocks: IGNG Recap & More

Imaging3, Inc. IGNG

In our report on Tuesday morning, we tagged IGNG for observation, at which time we observed a low of .116 in the stock. Yesterday, following the appointment of a cannabis industry veteran consultant to the company’s LA-based cannabis and CBD subsidiary, (>>View PR). IGNG shot to .295. That’s a two-day swing of 154% , and gives us the interest to continue tracking the stock. 

Please watch the following video chart on IGNG where we point out key resistance and support levels which will give you a better idea of what to expect going forward:


IGNG VIDEO CHART
(**We were not compensated in any way to produce this video or coverage on IGNG**)


Weatherford International plc  WFTIQ

In the same report from Tuesday morning, we identified WFTIQ as one to watch, and it too has produced a very nice two-session gain opportunity for us.

We witnessed a low of .0198 in the stock, and it went on to see a high of .0264. That works out to a solid 33%



Zscaler Inc. ZS

Lastly, we identified some bearish options ideas for the ZS chain in yesterday morning’s report, and those produced some very nice chances for intraday profits.

ZS Weekly $51-49 Puts
$51 Puts – Range:
 2.78-5.00 – Max Gain: 80%
$50 Puts – Range: 1.99-4.00 – Max Gain: 101%
$49 Puts – Range: 1.60-2.60 – Max Gain: 63%


Extended Watchlist:
SBGL, PAR, GMO, OTLK, VTGN, AU, CLVS

Blue Horseshoe Stocks: Recaps, Fresh Ideas

Pier 1 Imports Inc. PIR

It was just Monday morning that we were heralding the performance of PIR following our recent tag of the stock as a bottom-watch play just shy of three weeks ago on August 23rd. The day after that alert, we would observe a low of 3.76. At the time we mentioned that we felt a double-bagger was possible, and as of Monday, it had fallen just short of that mark with a 91% increase.

Yesterday, the stock blew through that mark with its biggest session yet. It traded in an impressive intraday range from 6.10-10.48 (+64%). That pushes our overall gains since our initial flag to a very nice  179% well past the double-bag mark that we had targeted!


Endo Pharmaceutical Holdings Inc. ENDP 

Speaking of other very respectable stock calls we’ve made recently, we tagged ENDP on August 7th, as it was trading for as little as 2.14.

Yesterday, after its second big bull session of the past week, the stock hit a new high of 4.07, leaving us with total possible gains of 92% since our initial call on ENDP.


Fresh Options Idea:
Zscaler Inc. ZS Weekly $51-49 Puts 



Extended Watchlist:
CBDL, IGNG, AIMT