Blue Horseshoe Stocks

Blue Horseshoe Stocks: AZZ Review & More

Options Recap

Thanks to a choppy day for the markets as a whole, both of the bearish options ideas we formulated for yesterday morning’s premarket report provided opportunities that either approached or exceeded the threshold of double-bag status.

Dominos Pizza Inc. DPZ – Dominos was the primary big name earnings reporter yesterday, and we decided to tag the DPZ Weekly $235-227.50 Puts for possible swing trades after disappointing figures. Those contracts moved considerably right out of the starting gate, prior to the company announcing a massive $1B buyback program, roughly 30 minutes into the session.

$235 Calls – Range: 4.02-7.40 – Max Gain: 84%
$232.50 Calls – Range: 3.80-6.00 – Max Gain: 58%
$230 Calls – Range: 2.63-4.81 – Max Gain: 83%
$227.50 Calls – Range: 1.30-3.60 – Max Gain: 177%
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Azz, Inc. AZZ

With AZZ announcing a delay to its Q2 2020 earnings report, which was scheduled for yesterday premarket, we took the initiative to signal some puts there as well. Our targets were the AZZ Weekly $45-40 Puts and those were on a serious run throughout the day.

$45 Calls – Range: 4.20-9.00 – Max Gain: 114%
$40 Calls – Range: 1.15-4.30 – Max Gain: 274%
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Fresh Options Ideas:
SPY Weekly $289.50-291 Calls
QGEN 11/15 $28-30 Calls

Extended Watchlist:
OCGN, AOBC, TMDI, EROS, ACRS, TMDI

Blue Horseshoe Stocks: Bearish Options Ideas

Dominos Pizza Inc. DPZ – Options Idea

The main earnings reporter this morning is Dominos, and following missed expectations in addition to curtailed guidance, we’;re interested in formulating a near-term idea with a bearish stance.

We’re going to be looking at the DPZ Weekly $235-227.50 Puts for possible swing trades into the the end of the week.
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Azz, Inc. AZZ

Speaking of bearish options ideas, we are interested in tracking some puts in the AZZ chain following the company’s delay of its Q2 2020 earnings report, which were previously scheduled for this morning.

Our targets of interest will be the AZZ Weekly $45-40 Puts.

Extended Watchlist:
CBNT, PTAH, NGM, WKHS, RGLD, PHUN, NIO

Blue Horseshoe Stocks: CBNT News Alert & More

C-Bond Systems, Inc. (OTCMKTS:CBNT)

There is major news out this morning on the hot new nanotech play we brought to our readers on Wednesday morning,(Special Report on CBNT – Click to view) so that is our primary interest heading into this week.

The development suggests a serious shift in valuation is in order, after CBNT had its nanotech glass-strengthening IP audited by an independent firm. We talked about the aspects of the CBNT portfolio we find intriguing in Wednesday’s report, and were vindicated by this evaluation, which asserts that the company’s products are valued at $33.7 million.

As of the closing price on Friday, CBNT had a market valuation of roughly $7.48 million. If we arbitrarily adjusted that value to match this morning’s news, it would increase the PPS by over 300% While we may not see such an extreme figure in practice, there can be no doubt that CBNT is a top candidate for some level of breakout activity in the days and weeks ahead on the heels of this development.

HOUSTON, Oct. 07, 2019 (GLOBE NEWSWIRE) — C-Bond Systems (the “Company” or “C-Bond”) (OTC: CBNT), a nanotechnology company that improves and strengthens glass, announced today that its intellectual property portfolio has been valued at $33.7 million by a leading, independent, global intellectual property valuation firm. (>>View Full PR)
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Options Recap:

We had also alerted on some weekly SPY calls to finish out the week on Friday, and those produced some excellent single-session gain opportunities for our readers, so we wanted to share the moves that were made there.

Our idea was the SDPR S&P500 (ETF) SPY Weekly $289-291 Calls, and those recorded the following intraday performances:

$289 Calls – Range: 2.50-5.57 – Max Gain: 123%
$289.50 Calls – Range: 2.10-5.03 – Max Gain: 140%
$290 Calls – Range: 1.70-4.65 – Max Gain: 174%
$291 Calls – Range: .98-3.60 – Max Gain: 267%

Extended Watchlist:
CGIX, AKCA, ADXS, INSW, RNG, SNNA

Blue Horseshoe Stocks: Options Gainers & More

Options Recaps

We formulated a fresh idea yesterday morning for the PEP options chain and found some instant success there. We also want to track back to an idea we hashed out for ROKU a couple of weeks ago, on the morning of Sept. 23rd, and the performance it has recorded since then.

PepsiCo, Inc. PEP Weekly $134-136 Calls
$134 Calls – Range: 2.92-5.75 – Max Gain: 97%
$135 Calls – Range: 2.10-4.60 – Max Gain: 119%
$136 Calls – Range: 1.38-3.85 – Max Gain: 107%

ROKU 11/01 $115-118 Calls
$115 Calls – Range: 3.00-5.81 – Max Gain: 94%
$116 Calls – Range: 3.60-5.15 – Max Gain: 43%
$117 Calls – Range: 2.82-4.90 – Max Gain: 74%
$118 Calls – Range: 2.50-4.06 – Max Gain: 62%
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Fresh Options Idea:
SDPR S&P500 (ETF) SPY Weekly $289-291 Calls

Ocugen, Inc. OCGN

We also want to designate OCGN as a bottom-watch play this morning. The stock recently became NASDAQ-trading after a merger with Histogenics, and the PPS fell off a cliff.

OCGN is currently hanging around just above the two dollar level here in the premarket, and we will be tracking its movements over the next few sessions to see if it can pick up some steam as a bottom-bouncer.

We released a Special Report on CBNT (Click here to view) Wednesday morning, and the stock made a solid 30% move up yesterday. We’re going to continue tracking this nanotech play. Stay tuned for updates.

Extended Watchlist:
BHGE, SRPT, PHUN, AVYA, RNG, NAKD, SONO, YUMA

Blue Horseshoe Stocks: Options Review

Options Review

We dedicated yesterday’s premarket newsletters to our Special Report, so we wanted to circle back this morning to go over a couple of options ideas we submitted to our readers on Tuesday morning.

We had identified plays in the ULTA and MKC options chains following a Form-4 Alert and an earnings report, respectively, and in both cases we met with fantastic multi-bag gain opportunities. Here were the total possible profits on the table:

ULTA 11/01 $260-265 Calls
$260 Calls – Range: 4.00-13.30 – Max Gain: 233%
$262.50 Calls – Range: 2.60-12.50 – Max Gain: 381%
$265 Calls – Range: 2.80-11.25 – Max Gain: 302%
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MKC Weekly $155-160 Calls
$155 Calls – Range: 5.58-13.58 – Max Gain: 143%
$160 Calls – Range: 2.82-9.12 – Max Gain: 223%
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Fresh Options Idea:
PEP Weekly $134-136 Calls

American Renal Associates Holdings, Inc. ARA

We also want to place ARA on watch as a possible bottom bounce play. The stock has never been much lower than where it’s currently trading, has a recently history of sharp spikes, and indications that a significant rebound could be on the way. We’ll keep an eye peeled for such activity over the next several sessions.

Extended Watchlist:
CBNT, CLVS, ARQL, BIOC, HYRE, MEET