Blue Horseshoe Stocks: DAL Options Win & More

Delta Air Lines, Inc. DAL 

Things played out precisely as we expected with Delta yesterday. We specifically mentioned that DAL “has traditionally been one of those companies we can count on to provide good post-earnings opportunities”, and after a solid beat across the board, our ideas definitely paid off instantly.

Our targets, the DAL Weekly $57-58 Calls, went into overdrive as the stock itself executed a textbook dip-and-rip pattern, and provided us with the excellent chances for gains that we were after.

$57 Calls – Range: .24-2.13 – Max Gain: 787%
$57.50 Calls – Range: .14-1.70 – Max Gain: 1114%
$58 Calls – Range: .06-1.25 – Max Gain: 1983%


Eastman Kodak Co. KODK

We also wanted to update the options ideas we had for KODK on Wednesday. The company saw a surge after announcing its own unique crypto-coin, but we weren’t buying it. We signaled the KODK 02/16 $15 & $12.50 Puts.

While the gains weren’t monumental, they were solid enough, as KODK has since posted two consecutive sessions of freefall. The $15 Puts traded from 6.10-7.90 for a 30% rise, while the $12.50 Puts ran from 4.20 to 5.70, a gain of 36%
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Bottom-Bouncer Options Ideas 

We have identified a range of options ideas for three stocks which are all exhibiting strong double or multiple-bottom chart setups, and have begun to turn upward.

The Cato Corp. CATO -  01/19 $12.50 & $15 Calls
e.l.f. Beauty, Inc. ELF – 01/19 $17.50 & $20 Calls
Natus Medical Inc. BABY – 02/16 $30 & $32.50 Calls


Extended Watchlist:
MYSZ, USAU, MVIS, TVPT

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Blue Horseshoe Stocks: NBEV Bottom Bounce & More

New Age Beverages Corp. NBEV

We tagged NBEV as a possible bottom-bouncer in our premarket report yesterday morning, and stock has definitely risen to the occasion with the beginnings of what could be a significant rebound.

The stock had been trending down for the better part of the last six months, having started the summer trading at more than $6/share. It seemed a good time to call a bottom, and so far our idea is looking good.

While it’s off to a slow start, rising just 17% from 2.20 to 2.58 yesterday on its highest volume in over four months, we feel good about the chances of a more sustained move, especially with the stock hitting a new high of 3.42 in the premarket today. From yesterday’s low that’s already a swing of 55% We’ll be sure to keep an eye peeled for further movement from this bottom bouncer.


Delta Air Lines, Inc. DAL 

We’re no strangers to trading DAL options. It has traditionally been one of those companies we can count on to provide good post-earnings opportunities after a beat, and today the company exceeded expectations across the board in their Q4 report.

We’re are going to signal a range of contracts which will be expiring tomorrow to try to garner some rapid-strike chances. Our targets are going to be the DAL Weekly $57-58 Calls.


Extended Watchlist:
CNET, DPW, DST, FNJN, IBIO, RMGN, WPCS

Blue Horseshoe Stocks: KODK Options & More

Eastman Kodak Co. KODK

In a surprise development yesterday, Kodak announced that it would be the latest company to hop on the cryptocurrency bandwagon, with the upcoming launching of its own crypto coin, KODAKcoin. It is said to be in development for a photo rights licensing platform the photography pioneer is working on.

While that’s all well and good, what we have seen on the KODK chart amounts to little more than a hype fueled surge, which we believe to be unsustainable over the long term. What we want to do to try to use this situation to our advantage is set ourselves up with some bearish options ideas to follow in the weeks ahead.

We;re going to signal the KODK 02/16 $15 & $12.50 Puts. It gives us plenty of time to see KODK top out and begin to come back to Earth, which would certainly provide chances in those contracts on the way down.


Xunlei Ltd. XNET

The most recent time that we tagged XNET was a month ago tomorrow, on December 11th, and shortly thereafter the stock would log a low of 12.30. From that point it launched into what has been a very solid run over the past few weeks.

The stock cracked the twenty-dollar barrier yesterday, and this morning in the premarket, has reached a new high of 24.90 which marks a double-bag move of 102% in just four short weeks!

XNET had a huge similar run from October to November as well, where it topped out at an even $27/share. We’ll continue to monitor the stock in coming sessions, and look for it to retest those previous highs.


Extended Watchlist:
HMNY, COGT, SSC, NQ, SBOT, SHLD, TNDM, XSPA

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Blue Horseshoe Stocks: MYSZ Review & More

My Size, Inc. MYSZ

We’re quite familiar with MYSZ, and on December 22nd we highlighted the stock as a bottom-watch play in our premarket report to put it on our readers’ radar. The advanced alert made it possible for traders to squeeze every last drop out of what has become a considerable run up the chart.

Just a couple of sessions past the tag on the 22nd, we observed a low of .57 in the stock, and it hasn’t looked back since. We also included another reminder for MYSZ this past Friday morning. Yesterday, the stock impressively hit a new high of 3.58, marking an incredible 528% upswing in a matter of roughly two weeks.

The stock has been trading record volume over that period, with its all-time high being recorded yesterday. Incidentally the stock is in blue skies with yesterday’s high also representing an all-time peak for PPS as well. We’ll defintiely want to continue to track the activity in this momentous mover.


Fiat Chrysler Automobiles N.V. FCAU

We would like to take a look at the Fiat Chrysler options chain this morning. We noticed that the chart, which was already in a generally bullish pattern for the past several months, has been on the rise in a big way.

The company, which also owns the Jeep brand, reported bolstered guidance for Jeep’s growth, and it has created a scramble for FCAU shares. The stock is up in premarket trading, and we would like to signal the FCAU 01/19 $21-23 Calls for observation in coming sessions.


Extended Watchlist:
INPX, LBCC, RIOT, ATUS, GBT, EXAS, NBEV

Blue Horseshoe Stocks: DMPI Recap & More

Del Mar Pharmaceuticals, Inc . DMPI

We wanted to swing back around to recap the solid performance of DMPI since we tagged it the day after the Christmas break a couple of weeks back.

It was just a couple sessions later that the stock would find support at .96, and begin a pretty substantial run up the chart. It was helped along by the last six consecutive sessions registering higher base levels of support as the stock has crept all the way up to a high of 1.75, recorded on Friday.

That worked out to a move of 82% in less than two trading weeks, while volume over the same period has been heightened. The high coincided with the current 200DMA, so we’ll look for DMPI to possibly crack that 1.75 mark and head for blue skies.



Kohls Corp KSS

We want to include an options idea for Kohls as we kick off the first full trading week of 2018, on the heels of a solid earnings report.

The company posted strong sales for the holiday season, while giving a significant boost to full year guidance. Shares jumped accordingly in premarket trading, and we are going to be waiting with some targeted weekly contracts to coincide with the activity. We’re going to signal and track the KSS Weekly $58-60 Calls.


Extended Watchlist:
STX, UEPS, ARGS, SDRL, VRAY, NTEC, IMNP, KBSF

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