Blue Horseshoe Stocks: ARDX Recap, Options Ideas

Ardelyx, Inc. ARDX

We selected ARDX yesterday morning for inclusion in our daily extended watchlist, and to be perfectly honest, our timing couldn’t have been much better. The stock exploded out of the gate, and despite a down day for the markets at large, ARDX bucked the trend with its biggest single session move since 2017.

The stock managed an intraday range of 3.77-5.95 which works out to a daily gain of 58% The stock ended the session with a bullish close 5.82, losing very little of its gained ground  That puts it in the class of possible momentum mover, so we’ll certainly continue to keep our eyes peeled for further gain opportunities.


PVH Corp. PVH

Following an earnings beat last week for the owner of the once extremely popular Tommy Hilfiger clothing brand, PVH has been making attempts to come up off of its bottom for a few sessions. Today, we’ve spotted a $10M Form-4 buy from the CEO, and coupled with the positioning of the chart, we would like to signal an options idea for the chain.

Taking all of the current circumstances into account, we are going to be tracking the PVH 09/20 $75-85 Calls, in the days and weeks to come.


Bonus Idea:
SPY Weekly 292-293.50 Calls 


Extended Watchlist: 
OPGN, MIK, PFSI, TBLT, RKDA, PFSI, PVH, KMPH,

Blue Horseshoe Stocks: SRPT Bottom-Watch

Ulta Beauty, Inc. ULTA

Before we broke for the holiday weekend on Friday, we designated a last minute bearish options idea for ULTA in our premarket report, and thanks to a lackluster day for stocks in general as the markets fell, we saw some nice gains out of those plays, which were the ULTA Weekly $265-260 Puts..

The company also had reported and missed on earnings, receiving multiple analyst downgrades to add fuel to the fire. All of those elements converged to make for the following possible gains for anyone who had caught our alert in the morning.

The $265 Puts traded up from a low of 12.30 and more than doubled as they ran to 26.46 for an intraday move of 115%  The $260′s posted an even bigger gain, running form 7.40-19.90, which worked out to a total possible profit of 169%


Sarepta Therapeutics, Inc. SRPT 

We want to take a look at SRPT as we kick off this short trading week, and form an extended term idea. The stock is heavily oversold at present time as it searches out a bottom, and we would like to be ready and waiting when what we feel is an imminent recovery begins.

There is also a massive topside gap on the SRPT chart that could give the stock even more breathing room when it finally makes its reversal and begins to trend up again. We are going to give ourselves plenty of time on this one, signaling the SRPT 10/04 $91.50-94 Calls to watch in coming weeks.


Extended Watchlist:
VIVE, ARDX, GGAL, TBLT, BNGO, SUPV, TBLT, PGSY

Blue Horseshoe Stocks: More Options Success

Options Reviews

Our prowess in identifying some of the best quick strike options idea around is always showing itself. We signaled two more fresh options ideas in yesterday morning’s premarket report, and despite a down day for the markets, our ideas managed to buck the trend, and produce single-session gain opportunities of a significant nature.

BIDU and MDT were both post-earnings plays and they both yielded some nice potential profits, to the tune of multi-bag moves in every single set of  targeted contracts:

Baidu, Inc. BIDU Weekly $113-116 Calls 
$113 Calls – Range: 1.18-2.51 – Max Gain: 113%
$114 Calls – Range: .87-2.03  – Max Gain: 133%
$115 Calls – Range: .67-1.65 – Max Gain: 146%
$116 Calls – Range: .52-1.38 – Max Gain: 165%
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Medtronic plc MDT Weekly $107-109 Calls
$107 Calls – Range: .90-3.00 – Max Gain: 233%
$108 Calls – Range: .29-2.10 – Max Gain: 624%
$109 Calls – Range: .25-1.45 – Max Gain: 480%
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More Fresh Ideas:
TGT Weekly $98-101 Calls
LOW Weekly $107-110 Calls


Extended Watchlist:
NTRR, CDIX, REI, TRQ, EROS, ADOM, ARDX, OBLN, DQ

Blue Horseshoe Stocks: APTI Recap & More

Apptio, Inc. APTI – Review

Despite a lousy day for the markets as a whole, yesterday brought a very interesting development in APTI, in the form of an enormous gap-up. We signaled APTI as a bottom-play in our premarket report on the first of this month, after the stock had begun to rebound following a dip to new annual lows a couple of days earlier. At the time the stock traded for as little as 24.48 a share.

We included it in yesterdays report as well, and the new high after that incredible gap-up came in at 37.80. That marks an upswing of 54% in just under two weeks, made even more impressive by the fact that the markets tanked on the day. The rapid hike was due to Sunday’s revelation that the company would be sold in an all cash deal equal to $38/share.


Fresh Options Ideas

We scan the earnings calendar each morning to ID earnings plays with the biggest potential, and today we have a pair of big name releases for which we will formulate some quick strike ideas:

HD Weekly $180 Calls
AAP Weekly $170 & $175 Calls


Extended Watchlist:
AIMT, HUSA, RGSE, ARDX, PAYX, NMM, DXR, HDSN

Blue Horseshoe Stocks: CASI, BYOC, HMNY Recaps

Beyond Commerce, Inc. BYOC

It was the morning of September 25th that we tagged BYOC for observation and it has essentially undergone a continual uptrend over that time period.

That morning we witnessed a low of .0035 in the stock and as of yesterday’s new high reached just prior to the close, was .0189. That amounts to a very impressive boost of 440% over a time span of just 13 trading days.


CASI Pharceuticals, Inc. CASI

We placed CASI on watch in yesterday morning’s premarket report, and wanted to come back this morning to talk about its performance. The stock ran extremely hard out of the starting gate and attainted its high within the first half hour of trading.

Despite failing to maintain its gains into the close, the run it made was impressive nonetheless. CASI’s low came in at 2.82 and it reached as high as 4.84, for an intraday pop of 92%


Helios & Matheson Analytics, Inc. HMNY

We also want to take a final look at the overall move HMNY has made for us. It appears as if its epic run is over but it brought with it one of the biggest, fastest moves we’ve ever seen in a stock in its price range.

From our observed low of 5.47 subsequent to our alert on the stock on September 20th, to yesterday’s mind-bending high of 38.86, represents a rise of 610% Congratulations to anyone who was able to take this one for a ride.


Extended Watchlist:
ONCS, ACLS, ZSAN, INFI, ARDX, CLNT, LTBR