Tag: AMR

Blue Horseshoe Stocks: Post-Earnings Options Plays

Energizer Holdings, Inc. ENR 

We’ve been seeking out prime bottom play opportunities this week, and to continue that trend, we’ve run across Energizer this morning on the heels of the stock registering a new annual low yesterday.

In conjunction with the fact that Deutsche Bank just upgraded ENR from a Hold to a Buy rating with a price target of $52/share (trading in the $37-range yesterday), along with indicators that the stock is heavily oversold, and we are confident in calling this one a prime bottom play candidate as well.

Fresh Options Plays 

We also have a pair of fresh earnings-related options ideas to pass along this morning. Post-earnings plays are typically our miost successful, and we’ve got a couple of good hunches about the following contracts as we cruise through this midweek. 

FedEx Corp. FDX –  Already in a good spot on the chart for a possible rebound leading into today’s session with a strong double-bottom setup, we’re looking to FDX options as FedEx’s Q4 results yielded a profits and earnings beat. As a result, we’re going to be tracking the FDX Weekly $157.50-60 Calls.

Micron Technology, Inc. MU – We are also looking at MU, which reported in the post-market yesterday as well, posting a beat on Q3 earnings, and bolstered guidance for sales of computer memory chips. Like the above mentioned play, MU is giving off a heavy multi-bottom signal. In this case we are interested in monitoring the MU Weekly $35-36.50 Calls.

Extended Watchlist:
AMR, SNX, VTVT, FCEL, PBF, APTX, FPAY, PES, TLGT, RIOT

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

Blue Horseshoe Stocks: New Options Idea

Centene Corp. CNC

As we were just mentioning yesterday morning, we designated a pair of contracts to watch in the CNC chain toward the end of March, with the CNC 09/20 $50 & $55 Calls.

Since that time the stock has been in a near-continual uptrend, and after yet another bullish session yesterday, we have new highs to report on our ideas. The $50 Calls have now traded in a range from 1.80-9.50, amounting to a total move of 428%. The $55 Calls have been on an insane run, and they have thus far traded up from .31-6.70. That works out to a rise of 2,061% in a span of only nine trading sessions.

BP Prudhoe Bay Royalty Trust BPT

Weve got another options chain that we ‘d like to signal some longer term calls in as well. BPT fell off a cliff yesterday, and while it may have slightly further to fall before reversing, the chart shows a history of rapid recoveries whenever the stock is beaten back as it has been this week.

We’re going to designate the BPT 05/17 $22.50-25 Calls as two contracts of interest and begin to track them over the days and weeks ahead.

Extended Watchlist:
WWR, CERN, FTR, SLS, KNDI, AMR, EVOK, CHFS