Blue Horseshoe Stocks: Fresh Options Plays

MasterCraft Boat Holdings, Inc. MCFT – Fresh Idea

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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