Blue Horseshoe Stocks: AAP Options Recap & More

Advance Auto Parts AAP – Options Recap

We signaled a few options ideas for the AAP chain after simultaneously picking up on a heck of a bottom setup on the chart as well as a strong earnings report from the company yesterday morning.

It turned out to be another great set of selections for us, as AAP ran early on in the session, making some nice gains possible for anyone who caught our ideas, the AAP Weekly $85-95 Calls, and the 01/19 $95-105 Calls.

Weekly $85-95 Calls
$85 Calls – Range: 9.90-17.00 – Max Gain: 71%
$90 Calls – Range: 5.12-12.40– Max Gain: 142%
$95 Calls – Range: 1.97-8.00 – Max Gain: 306%

01/19 $95-105 Calls
$95 Calls – Range: 5.50-9.15 – Max Gain: 66%
$100 Calls – Range: 3.50-6.60 – Max Gain: 89%
$105 Calls – Range: 2.11-3.58 – Max Gain: 70%

We will of course continue to track the activity in these plays as we head through midweek.


Roku, Inc. – Update

Having had its IPO just six weeks ago, ROKU has made some excellent progress on the chart and already provided us with multiple opportunities for solid gains. We signaled some options ideas on Friday and those turned in gains ranging from 207-491% in that single session.

We also want to talk about the move in the stock itself since that alert, at which time we witnessed it trading for as little as 30.50 per share. Yesterday’s new high of 48.80 marked a 60% increase in a span of just three sessions. That’s a fantastic move for a $30 stock to make in such a short time.

Now that it seems that ROKU is coming down off of those highs, we are going to want to stay with the trend and flip momentarily to the other side of the fence with some bearish options ideas to finish out the week, with the ROKU Weekly $36.50-34.50 Puts.


Extended Watchlist:
PLCE, GFI, CMLS, BOOT, SKLN

Blue Horseshoe Stocks: AAP, NPTN & More

Advance Auto Parts AAP – Options

We have a confluence of favorable conditions to look AAP for potential options trades as we kick off a new trading week this morning. As of the end of last week, the stock was trading very near to its annual lows , and has a significant gap on the chart to the upside. Combine that with the company’s strong earnings report including a solid beat on profits, and we’re interested to see where this one will take us.

To try and take advantage of the present scenario, we’re going to tag both a shart and a longer term set of ideas, in the event that the stock sees an extended recovery, as the the chart setup suggests it might. We’ll be looking to AAP Weekly $85-95 Calls, and the 01/19 $95-105 Calls.


NeoPhotonics Corp. NPTN

We also would like to go over the move made by NPTN after we signaled it for observation last Monday morning. Subsequent to that point we ‘ve witnessed a respectable run from a low of    5.10 to a high of 6.66, a gain of 31%

We saw the stock record higher lows every single day last week, and will look for that trend to continue. If the stock can break the double top formation that’s currently on the chart, we could be in line to see much more significant gains.


Extended Watchlist:
MOSY, ONP, REDU, ITUS, TCO, TGTX

Blue Horseshoe Stocks: KGNX Review, Options & More

KollagenX Corp. KGNX

After initially mentioning KGNX in Tuesday morning’s premarket report and observing a big intraday swing from this subpenny momentum mover (.00189-.0037, +96%), we mentioned yesterday morning that we wanted to continue to monitor its activity.

It ended up being a smart idea, as we bore witness to yet another solid upswing. After touching a low of .0025 right out of the starting gate, it didn’t take very long for KGNX to begin a run that lasted for the better part of the entire day. The stock ran hard into the close, touching a new high of .0044. It marked an intraday rip of 76%, and an increase of 133% over our observed low on Tuesday.

Once again recording higher lows and higher highs along with stronger than average volume, we’ll need to leave a slot on our radars open for KGNX as we head into week’s end.
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More Updates:

Speaking of subpenny momentum plays, we want to keeping watching the activity in On4 Communications, Inc. ONCI.which we also put on watch in Tuesday’s premarket report. We saw the stock trade as low as .0021 that day and it hit .004 yesterday, a move of 90%

With the stock building a continuously higher base of support in each of the past four sessions and running to new highs, it is currently in blue-sky breakout territory. We continue to stay on its trail.


The Children’s Place, Inc. PLCE – Options Recap

We also want to provide an update this morning on the performance of one of our options ideas from this week. On Tuesday we tagged the PLCE Weekly $70-75 Calls for observation, and yesterday they really heated up for us with some serious intraday rips from all three sets of contracts.

$70 Calls
– Trading Range: 1.70-3.60 – Max Gain: 112%
$72.50 Calls – Trading Range: .55-1.80 – Max Gain: 227%
$75 Calls– Trading Range: .13-.54 – Max Gain: 315%

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Fresh Options Idea: Advance Auto Parts, Inc. AAP Weekly $140 and $135 Puts (Earnings Miss)


Extended Watchlist:
SIGO, BOOT, CPXX, GLUU, BBEP(Bankrupt Bottom-Bouncer)