Blue Horseshoe Stocks: More Options Ideas

Options Updates 

We issued a pair of options ideas in yesterday morning’s premarket report. Despite a difficult day for the markets, which surged early but fell for the remainder of the session, we were pleased at the gain opportunities offered up by the contracts we were tracking.

Both stocks bucked the market trend and closed well in the green, providing ourselves and our readers the chance at the following intraday profits:

FedEx Corp. FDX-  Weekly $157.50-160 Calls.

$157.50 Calls – Range: .59-4.00 – Max Gain: 578%
$160 Calls – Range: .35-2.20 – Max Gain: 528%

Micron Technology, Inc. MU –  Weekly $35-36.50 Calls.

$35 Calls – Range: 1.10-2.68 – Max Gain: 144%
$35.50 Calls – Range: .75-2.20 – Max Gain: 193%
$36 Calls – Range: .60-1.82 – Max Gain: 203%
$36.50 Calls – Range: .50-1.40 – Max Gain: 180%

In the case of MU, we are going to be looking to roll up our strike prices to include $37 Calls.

Fresh Earnings Related Ideas

Out of a decent group of companies with untraded-upon earnings this morning, we find KBH and WBA to be the most attractive candidates for us to formulate some fresh options ideas.

KB Home KBH 07/19 $26-27 Calls
Walgreens Boots Alliance WBA Weekly $53.50-55 Calls

Extended Watchlist: