Blue Horseshoe Stocks: Fresh Options Plays & More Inc. AMZN – Options Recap

We’ve been tracking a wide range of AMZN calls since our premarket report on Monday morning.

We placed the AMZN 10/06 $965-980 Calls on watch as we were looking for a reversal from the stock that did occur. Yesterday we only provided the moves from the bottom and the top of the range to save time but today we’ll lay out the moves from every set of contracts we’ve been watching.

We mentioned that the gains we had seen up until yesterday morning could be added on to by what appeared to be a bullish session forthcoming, and that came to pass as well. Every set in the range has seen solid intraweek gains.

$965 Calls – Range: 19.25-27.00 – Max Gain: 40%
$967.50 Calls – Range: 25.24 30.20 – Max Gain: 20%
$970 Calls – Range: 15.30-32.05 – Max Gain: 109%
$972.50 Calls – Range: 15.30-28.94 – Max Gain: 89%
$975 Calls – Range: 13.62-26.70 – Max Gain: 96%
$977.50 Calls – Range:  13.48-26.95 – Max Gain: 100%
$980 Calls – Range: 11.39-25.28 – Max Gain: 122%

Lululemon Athletica

LULU was, for the most part, in a general downtrend during the month of August, but to kick off September it looks like a change in pattern in due.

The company posted a solid beat on its post-market quarterly earnings release yesterday, and we want to use that untraded-upon development potentially to our advantage using an options idea.

We’ve had tremendous success with the LULU chain in the past, and this time, we’re going to be tracking the LULU Weekly $60.50-62 Calls* for possible daytrades.

*We never discuss weekly options on a Friday without going out of our way to warn our readers that trading contracts with a weekly expiration on a Friday is exceedingly risky and should only ever be attempted by expert traders!!!

Extended Watchlist:

Blue Horseshoe Stocks: CRGP Recap & More

Calissio Resources Group, Inc. CRGP

Amidst one of the biggest market backslides in years, we were still able to root out a triple-digit gainer from among the chaos. We tagged CRGP in our premarket extended watchlist as a momentum play based on the activity it recorded at the end of last week.

CRGP had enough strength and interest from the trading community to barrel its way from a daily low of .005, cracking through the elusive penny-mark, and setting a high-of-day at .0118. That represents an intraday pop of 136%, and it happened in conjunction with more than 9X the 3-month average volume of shares changing hands on the day.

Following its nice run, the stock pulled back to .0059 into the close, and we will be on the lookout for the possibility that it needs to come back a bit further to fill the gap on the chart from Friday’s close of .0045. So it’s from that level that we’ll look for possible bounce-play opportunities, should CRGP continue to consolidate.

Options Review

With the volatility caused by current market conditions, there was money to be made on both sides of the fence over the course of the day with the general options ideas we offered in our morning report, which were SPY In-the-Money Puts, and UVXY Calls. Here’s an idea of the kind of gains that those selections made available during yesterday’s session:

SPY $190 Puts – Range: 1.48-5.34 – Max Gain: 260%
UVXY $49 Calls – Range: 7.21-19.00 – Max Gain: 164%

We expect the current market to continue to provide similar action and chances for gain, but we wouldn’t expect to see it occur with quite the same volatile conditions as yesterday.

We’ll be looking to go long on big-name options whose stocks have been beaten back severely over the past few sessions. As the market corrects itself, we’ll be monitoring some longer-term options to possibly take advantage of the eventual recovery.

To allot sufficient time for us to see that, we’ll be tracking 09/18-10/02 Calls in the FB, GPRO, GMCR, AAPL, NFLX, and TSLA chains. We’ve banked enormous profits off of every one of these in the past; it’s now just a matter of laying in wait for the next big chances to present themselves.

Extended Watchlist:
ANFI, CJES (Potential Bottom-Bouncers), ADAT