Blue Horseshoe Stocks: Options Success & More

 AT&T, Inc. T – Update

As we were mentioning yesterday, AT&T was ripening for a rebound, and the stock did post a bullish session. It allowed for the beginning of what could still end up being an even more impressive move in the options contracts that we signaled for observation.

We put the T 01/19 $34-36 Calls on watch for a longer-term idea, and they got off to a good start, even as the markets in general took a turn for the worse. The solid performance of T made the following gains possible for our options calls:

$34 Calls – Range: .91-1.33 – Max Gain: 46%
$35 Calls – Range: .53-.89 – Max Gain: 68%
$36 Calls – Range: 37-.56 – Max Gain: 51%

At the present time, we still think AT&T has a ton of upside, with indicators on the chart suggesting that yesterday’s positive session was only a precursor to what could be a much bigger rebound.



Trio of Fresh Options Ideas

We’ve got a couple of daytrading ideas for the NVDA and ROKU options chains, and as we always do, we’d like to caution our readers against trading weekly options on a Friday unless you are an expert trader with disposable funds. It’s incredibly risky.

NVIDIA Corp. – NVDA Weekly $205-212.50 Calls
Roku, Inc. – ROKU Weekly $28-30 Calls

We’ve also got a fresh, longer-term idea to add to our list of tracked contracts, after noticing Price Smart was showing a strong double-bottom signal. We’ll place the following idea on watch in coming sessions.as we await this stock’s recovery.

PriceSmart, Inc. – PSMT 01/19 $80 & $85 Calls 


Extended Watchlist:
ATOS, CREG, JCP, SOGO, TOPS, RGSE, CSIQ

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