Blue Horseshoe Stocks: Plenty of Options

Dicks Sporting Goods, Inc. DKS – Options Recap

We kept the options train rolling yesterday morning, with a fresh quick-strike idea for the DKS chain. Our targets of interest were the DKS Weekly $34.50-36 Calls and we got some very respectable moves out of each of those four sets of contracts.

The company posted solid quarterly figures, even as the sports superstores continued to curtail hunting/gun departments in more than 120 of its stores. That allowed for 3 out of the four contracts to post multi-bag gains, with the fourth not far behind.

Here are your total possible intraday profits which could have been realized during yesterday’s session: 

DKS Weekly $34.50-36 Calls
$107 Calls – Range: .65-1.15 – Max Gain: 77%
$108 Calls – Range: .43-.94 – Max Gain: 119%
$109 Calls – Range: .28-.95 – Max Gain: 239%
$110 Calls – Range: .20-.45 – Max Gain: 125%
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Fresh Ideas:
Foot Locker FL Weekly $38-36.50 Puts
The Buckle, Inc. BKE 09/20 $17.50-20 Calls
Salesforce.com, Inc. CRM Weekly $155-157.50 Calls
Overstock.com, Inc. OSTK Weekly $20-20.50 Calls

**Please DO NOT attempt to trade weekly options on a Friday unless you are an advanced-level trader with access to disposable funds!


Pier 1 Imports, Inc. PIR – Bottom Bouncer

We are catching PIR as it has just begun to come up off of its recently registered annual lows. We want to radar the stock here as it builds some momentum.

From current pricing, it would not be crazy to think that this retail stock may be capable of doubling as we approach retail season.

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