Blue Horseshoe Stocks: Options Review

Nike Inc. NKE 

The first of two fresh options ideas submitted in our report in yesterday’s premarket, our NKE targets provided us with some good opportunities early on in the session.

It was the NKE Weekly $89-91 Calls, and despite low volume in the $90.50’s, the rest of those targets worked out just fine. Here are the total possible intraday gains that were on the table.

$89 Calls – Range: 1.69-2.69 – Max Gain: 59%
$89.50 Puts – Range: 1.32-2.06 – Max Gain: 56%
$90 Calls – Range: .99-1.77 – Max Gain: 79%
$91 Calls – Range: .55-1.10 – Max Gain: 100%


SPDR S&P500 (ETF) SPY

By now, our regular readers should know that the SPY is often our go-to target for on-the-fly options ideas. It’s a market analog that has rarely failed us in the past.

Yesterday’s idea of the SPY Weekly $296-297 Calls was no exception to this. Here are the single-session gins that were possible with these ideas.

$296 Calls – Range: 1.06-2.70 – Max Gain: 155%
$296.50 Puts – Range: .85-2.32 – Max Gain: 173%
$297 Calls – Range: .67-1.95 – Max Gain: 146%

The SPY is gapping up again this morning. We’d expect to see these gains extended, and will expand our track list to include the $297.50 and $298 Calls as well.


Fresh Options Ideas:
KBH Weekly 10/18 $32-33 Calls 


Extended Watchlist:
PIRS, AREX, EYRN, DHT, STNG, GMO, VBIV

Blue Horseshoe Stocks: Friday Wrap-Up

Wrapping Up a Solid Week

Once again, we’ll turn in our cards for the week with multiple multi-bag winners. Our quick-strike options ideas are second to none. We’d invite anyone who disputes that to point us to a better options newsletter!

We’ve been running with FDX and MU since Wednesday morning’s premarket report. We had already seen gains in the 500% range on FDX and the 100-200% range on MU that day.

We continued to monitor the FDX calls, as well as roll up to a higher strike price on MU for yesterday’s session. Once again we met with great success. So, first thing this morning, we want to take a look at the updated figures of the total possible gains on these plays.

FedEx Corp. FDX
–  Weekly $157.50-160 Calls.

$157.50 Calls – Range: .59-6.60 – Max Gain: 1017%
$160 Calls – Range: .35-4.40 – Max Gain: 1157%
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Micron Technology, Inc. MU –  Weekly $37 Calls.

$37 Calls – Range: .31-1.39 – Max Gain: 348%

We’re going to roll up on MU once again to stay close to the action, and will be tracking the $38-38.50 Calls as we close out out another great week for options trading. Just remember, never trade options with a weekly expiration on Friday unless you’re an expert level trader with access to disposable funds!
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More Fresh Options Ideas
STZ Weekly $197.50-202.50 Calls
SPY Weekly $292 Calls


J.Jill, Inc. JILL

We also wanted to provide a quick update on a stock we tagged for observation a couple of weeks back on the 12th. JILL had been building a solid base and moving up slowly since then, up until yesterday when it really kicked things into another gear.

We observed a low of 1.54 subsequent to our initial alert, and yesterday’s new high came in at 2.29, marking an upswing of 49%


Extended Watchlist:
DMPI, FRSX, CUR, AREX,  RAD, NAK, PSN, ACST, PHUN, OBLN, CJJD, NAKD, HAIR, JAGX, ATAI

Blue Horseshoe Stocks: VTVT New Highs & More

vTv Therapeutics, Inc. VTVT

We’ve been closely tracking VTVT since including it our report on Tuesday morning as a bottom play. As we mentioned yesterday, the timing was essentially perfect. It took off on Tuesday, and yesterday that run persisted just as we suggested it may.

The stock traded in a range from 1.24 to a new high of 2.67 yesterday, representing an intraday move of 115% From Tuesday’s low of .79 the stock has registered a two-day upswing of 238% and has easily been the NASDAQ’s top play of the week.


Onconova Therapeutics, Inc. ONTX

Speaking of bottom plays, we’re always searching for the next heavily oversold stock, and we’ve got a candidate to bring forth today in ONTX. As you can plainly view on the chart snapshot below, the stock has been heavily sold off, and the RSI is definitely giving off that heavily oversold signal.

The last time that happened the stock did mount an appreciable recovery in the ensuing weeks, so we’re going to put ONTX on extended watch.


Extended Watchlist:
AXXA, IMTV, HMNY, AREX, AYTU, IRBT, AVGR