Blue Horseshoe Stocks: Options Wrap-Up, Bottom Play

Options Wrap Up

After a fantastic week of options trading, which followed several weeks of the same, we continued to roll the dice with a couple of fresh day-trading ideas on Friday, and unsurprisingly got some great results from those as well.

We had the SPY Weekly $282-283 Calls on the radar and all three returned excellent multi-bag gain opportunities for the session:

$282 Calls – Range: .62-1.64 – Max Gain: 165%
$282.50 Calls – Range: .29-1.16  – Max Gain: 300%
$283 Calls – Range: .10-.67 – Max Gain: 570%

We also had included a fresh idea with the TSLA Weekly $345 Calls after absolutely crushing it with the $320-330′s earlier in the week, and those also performed nicely on the day. They traded up from a low of 2.07 all the way to 10.19, marking a whopping 392% single-session rip!


Tyson Foods Inc. TSN – Fresh Idea

We are going to kick things off this week by formulating both a short and longer-term set of options ideas for TSN. The company has just released a mixed earnings call, beating on Q3 profits, but missing on sales. Despite that, it is the technical setup of the chart that has us most intrigued.

Having been beaten back for close to two months to extreme-oversold levels, the stock began to show signs of a bottom bounce toward the end of the week, with a gap to fill on the chart from the mid-$60 to mid-$63 range.

For the possibility of quick strike chances, we’re going to monitor the TSN Weekly $58-59.50 Calls, and for a potential extended term recovery play, we’ll also keep watch over the TSN 08/31 $62-63 Calls.


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