Kicking the Tires on a Fresh Trading Week

Friday’s Options Runners:

We hope everyone enjoyed the last long weekend until the holidays, and is as ready as we are to hop back into trading action. We ended last week on a fairly positive note, having selected three potential options targets for observation and observing considerable gains in each of them. We are now seeing a considerable drop-off in daily reporters after what was an amazing earning season, but as always, we’ll seek out opportunities and make them work for us!

Our targets from Friday morning’s premarket report worked for us, and they were the AVGO Weekly $495-510 Calls, the LULU Weekly $315-322.50 Calls, and the HCP 09/16 $35-40 Calls. The LULU targets in the low end of the range were our biggest winners of the session, making moves that topped 300%

AVGO Weekly $495-510 Calls
$495: 11.71-21.11 (+80%)
$500: 7.19-16.00 (+122%)
$505: 3.96-11.00 (+178%)
$510: 2.00-6.70 (+235%)
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LULU Weekly $315-322.50 Calls
$315: .48-2.19 (+356%)
$317.50: .19-.83 (+337%)
$320: 1.75-4.16 (+138%)
$322.50: .77-2.00 (+160%)
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HCP 09/16 $35-40 Calls
$35: .78-1.20 (+54%)
$40: .35-.45 (+29%)


Fresh Options Ideas:
NVDA Weekly $136-138 Calls
NVDA 10/07 $145-150 Calls
GTLB 09/16 $50 Calls
GES 10/21 $17-19 Calls


Extended Watchlist:
AABB, ATYG, PQEFF, WTEQF, INTK, LVGI, TGGI, ISEE, HYRE, RUBY, ONVO, KOLD, APDN, ADT

Blue Horseshoe Stocks: Options Trio

Fresh Options Ideas

We have a trio of fresh options ideas for today’s report- a couple of earnings plays, and a Form-4 alert. 

Ulta Beauty, Inc. ULTA – We saw a Form-4 pop up on ULTA last week, as the stock was beginning to find its way up off a bottom. There is an absolutely massive topside gap on the chart, so we’re looking at this as a longer-term idea.

We’re set to track the ULTA 11/01 $260-265 Calls over the next few weeks, which would play very well if the stock can even begin to fill that gap.
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McCormick & Co. Inc. MKC – First up for our pair of earnings plays, we’ve got MKC, which posted a Q3 profit beat as well as heightened guidance. We’re going to tag the MKC Weekly $155-160 Calls for observation this morning.
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Stitch Fix, Inc. SFIX 
 – Lastly, we’ve got SFIX earns coming up in the post-market this afternoon, and the stock is at a really good spot on the chart. We’re going to radar the SFIX Weekly $19.50-20 Calls.


IMPORTANT REMINDER!

We will be initiating coverage on a brand new high-potential nanotech play tomorrow morning!

Stay glued to those inboxes or visit BlueHorseshoeStocks.com shortly after 9AM tomorrow morning for our Special Report!


Extended Watchlist:
CLSI, ADT, SOL, CFMS, ADXS, IOVA, CVEO

Blue Horseshoe Stocks: Solid Runners

SOLID RUNNERS

We tagged both INSY and HSGX in yesterday morning’s premarket report, and both stocks produced admirable runs on the day. 

INSYS Therapeutics, Inc. INSY just registered its lowest price ever earlier this week, and we thought it would be worth it to track as a potential bottom-bounce play. The return was instantaneous. INSY opened at a low of .32 before running as high as .74, which marks an intraday pop of 131%

There is still a huge gap to the topside on the chart, so we’ll definitely continue to monitor the activity on INSY in the days and weeks ahead.
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Histogenics Corp. HSGX was also a solid mover for us on the day yesterday. This stock has traded mostly flat for the whole of 2019 so far, but it looks like we tagged it as a bottom play at an opportune moment.

From a low of .24 it reached .32 for a respectable 33% gain, but this could just be the beginning. We’ll want to continue tracking this play as well.

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FRESH OPTIONS IDEAS: 
Lululemon Athletica LULU Weekly $177.50-182.50 Calls
Duluth Holdings, Inc. DLTH  08/16 $15-17.50 Calls
RH, Inc. RH Weekly $120-118 Puts 


Extended Watchlist:
SMRT, LTBR, NAKD, AMR, ADT, RRGB, YUMA