Blue Horseshoe Stocks

LULU Success, Fresh Options Plays

Lululemon Athletica Inc. LULU

Yesterday morning, we hashed out some options ideas, among which were the LULU Weekly $340-335 Puts. The company’s year-over-year quarterly figures came back low, as is to be expected with many retailers during the pandemic.

The lackluster earnings drop provided our bearish ideas with some intraday firepower that was as follows:

LULU Weekly $340-335 Puts
$340: 12.02-25.55 (+93%)
$337.50: 10.95-22.37 (+105%)
$335: 9.26-21.40 (+118%)
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Fresh Options Ideas:
RH Weekly $360-380 Calls
SPY Calls $340-341 Calls

Basanite Inc. BASA

On Tuesday morning, we signaled BASA for observation, keeping it on yesterday’s extended watchlist as well. Over those couple of sessions, the stock has made a very nice move from Tuesday’s low of .6147 to yesterday;s high of 1.12.

That works out to an intraweek wing of 82% and we will continue to keep an eye on this runner for the possibility of further advances.

Extended Watchlist:
VNUE, BFGC, VYON, WHEN, KNRLF

Options Success, Bottom Watch Play

SPY Options Review

Yesterday morning, we went bearish on the markets as a whole, signaling the SPY 09/09 $340-338 Puts for observation in our premarket report. Our hunch on the daily direction of the wind proved solid, as the contracts in our designated range produced healthy intraday runs.

Here are the moves and total possible gains we witnessed there:

SPY 09/09 $340-338 Puts
$340: 3.94-7.59 (+93%)
$339: 3.30-6.78 (+105%)
$338: 2.75-6.00 (+118%)
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Fresh Options Ideas:
KOD 10/16 $45-50 Calls
LULU Weekly $340-335 Puts

Akabia Therapeutics, Inc. AKBA

We took notice of AKBA this morning because of the intriguing setup of the chart. The company had a bad clinical report recently and fell off of an absolute cliff. We want to place this on bottom watch and observe closely over the next several sessions.

There is a massive gap to the upside that you could drive a truck through, so we’re going to be anxious to see when the stock will move to fill some of that gap.

Extended Watchlist:
NKLA, SPCE, CODX, BASA, ZNOG, IJJP

ATWT Update, Fresh Options Ideas

ATWEC Technologies, Inc. (OTCMKTS:ATWT)

We’re going to kick this week off by swinging back around for an update on ATWT, which we did a special report on a couple of weeks ago.

Last week on Wednesday, the stock bounced off of support at .058 and notched a high .0745 on Friday. That’s an 3-day swing of 28% which has showed us that ATWT can make the type of quick gains that we and our readers are always after.

Take a couple of minutes to view the video chart we recorded for ATWT this morning, outlining the present positioning of the chart.

Watch ATWT Video Chart for 09/08/20

For More Information on ATWT, visit:
ATWEC.com

The Cooper Companies, Inc. COO – Options Recap

We signaled a pair of options target in the COO chain on Friday, the COO 09/18 $310-320 Calls, and saw some very nice activity on those immediately.

Both contract sets ran straight out of the gate, with the $310 Calls trading from 12.28-25.30 (+106%) and the $320’s running 116% from 8.33-18.00.
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Fresh Options Ideas:
SPY 09/09 $340-338 Puts
BYND Weekly $125 Puts

Extended Watchlist:
NAFS, NWBO, BASA, GAXY, HDII,

NWBO Update, Options Plays

Northwest Biotherapeutics, Inc. NWBO

Today we wanted to swing back and recap the performance of NWBO, which we’ve been tracking for the last couple of sessions via our extended watchlists in our reports from Wednesday and yesterday.

This momentum play has made some moderate gains over the course of those two trading days, moving up from a low of .405 on Wednesday to a high of .6711 yesterday. That works out to a respectable rise of 66% which has come on greatly increased volume. We’ll want to keep this one on our radar going forward to monitor for continued advances.

Fresh Options Ideas:

We’re going to wrap up another solid week of options trading ideas with, you guessed it- more options trading ideas! The markets are paring losses from yesterday’s selloff, we’ve got a couple of earnings plays in COO and SWBI, and a short on CDAY, which is falling off a cliff after a recent billion dollar insider selloff.

COO 09/18 $310-320 Calls
SWBI 09/18 $17.50-20 Calls
CDAY 09/18 $70-65 Puts

Extended Watchlist:
GHHC, GVDI, AAWC, XGEN

Keeping the Options Train Rolling

Options Updates:

We’re still following along with the AAPL Weekly $125-127.50 Calls we initially signaled on Monday morning, as well as the updated strikes we provided for that chain in yesterday morning’s report, which were the $136.25-137.50 Calls.

Additionally, the single target we formulated for the VRA chain on the heels of the company’s quarterly earnings drop, the VRA 09/18 $7.50 Calls also produced multibag gains.

Here are the updated highs for our AAPL Calls from Monday, as well as the total single session ranges and possible gains on our fresh ideas from yesterday.

AAPL Weekly $125-127.50 Calls
$125: 5.05-13.15 (+160%)
$126.25: 4.00-12.62 (+216%)
$127.50: 3.87-10.52 (+172%)

AAPL $136.25-137.50 Calls.
$136.25: .20-1.55 (+675%)
$137.50: .18-1.24 (+589%)
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VRA 09/18 $7.50 Calls
$455: .20-.70 (+250%)

Fresh Options Ideas:
FIVE Weekly $121-122 Calls
CPRT 09/18 $110 Calls

Extended Watchlist:
NWBO, CUTR, DPLS, GMR, BYRN,