Blue Horseshoe Stocks: Fresh Ideas

Fresh Options Ideas

As we head through the middle of the week, we’ve got a solid group of companies dropping their quarterly reports. That’s our go-to scenario when searching for short-term options plays, and we have a couple of standouts in which we’re going to form some ideas to track.

Abbott Laboratories, Inc. ABT
Abbott posted a beat on earnings this morning, as well as bumping up its full year guidance, and is going green here in the premarket. We’re going to be tracking the ABT Weekly $83.50 Calls.

In the case of CSX we’re seeing the exact opposite effect. The company’s Q2 earnings fell short, and it also slashed guidance. In correspondence with that, we’re going to be placing the CSX Weekly $77-76 Puts on watch.

CarMax, Inc. KMX
CarMax didn’t report earnings, but nevertheless we like the look of the KMX 07/26 $86 Calls this morning, so we’re going to put them on the radar as well.

Pintech Technology Holdings Ltd. PT 

For one more item in this morning’s brief report, we want to put PT on bottom-bounce watch. Tthe stock is exhibiting a strong double bottom, and has some decent volatility potential.

This is just the type of technical setup we routinely scan for when looking for potential  bottom plays. We’ll be interested to see how the next several sessions plays out for it.