ASX | Blue Horseshoe Stocks

Blue Horseshoe Stocks: Bottom Watchlist & More

AVEO Pharma Inc. AVEO

Last Monday the 25thwas the day that we began tracking AVEO as a potential bottom bounce play, and in that short span, we have seen some nice progress to that end.

The stock began to move the morning of our initial alert, and yesterday received a big boost, finishing as the #1 gainer on the NASDAQ for the day. Thus far we have seen AVEO run from a low of .55 on March 25th, to yesterday’s new high of 1.85. That works out to a seven-session upswing of 236%

RIOT Blockchain, Inc. RIOT

We also tagged RIOT for observation back on February 20th, and subsequently witnessed a low of 2.85. The run it has gone on with the help of Bitcoin’s resurgence to the $5K neighborhood, was solid. RIOT itself saw a push to a high of 5.15 this week, marking a positive change of 81% since our last mention.

Bottom Watchlist

We also want to highlight both comScore, Inc. SCOR, and Mr. Cooper Group Inc. COOP as potential bottom plays. Both stocks are giving off extreme oversold signals, while trading near their annual lows. We’ll want to keep these on watch for possible recoveries.
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Options Idea: PLAY Weekly $53-54.50 Calls

Extended Watchlist:
ICON, ACHN, MGI, NDRA, ASX, CHFS, TTPH, JMU, SCYX,

Blue Horseshoe Stocks: SGSI News Alert

Spectrum Global Solutions, Inc. SGSI – Update

In our initial report on SGSI, one of the things we commented on liking most about SGSI is the rapidity with which the company has been pulling down new clients and growing its business in 2018. This morning, we’re going to start things off by relaying a new PR to that effect on to our readers.

(GLOBE NEWSWIRE) — Spectrum Global Solutions, Inc. (OTC:SGSI) (the “Company”), a single-source provider of end-to-end next-generation wireless and wireline network services and staffing solutions to the service provider (carrier) and corporate enterprise markets, today announces that it has received over $500,000 in new contract awards to support carrier network upgrades across the United States. (>>View Full PR)

Did you miss our special report on SGSI last Monday? Check it out now at the following link:

>>View SGSI Report<<

Fresh Options Ideas:

Those readers who are familiar with our mode of operation know that a good post-earnings options play is something we’re always on the lookout for, and we’ve got a couple of those for you this morning. It has been a crowded 24-hours of earnings releases and the two that are sticking out to us this morning are Dick’s Sporting Goods (Bull) and Tiffany’s (Bear).

We’ll submit a set of ideas for each of these chains to track into the end of the week:

Dick’s Sporting Goods, Inc. DKS Weekly $36-38 Calls
Tiffany & Co. TIF Weekly $95-92 Puts

Extended Watchlist:
ASX, NSPR, MARA, ACAD, HEAR, IPCI, SLS

Blue Horseshoe Stocks: Winning Options Calls & More

Yesterday’s Winning Options Ideas

We signaled our interest in a range of contracts from three separate options chains yesterday morning, and unsurprisingly, the potential for quick-strike single-session gains was present in all three.

Apple, Inc. AAPL – Our AAPL idea was definitely the most solid of the day, with our highlighted Weekly $98-99 Calls each making an appreciable intraday spike:

$98 Calls – Trading Range: .78-1.92 – Max Gain: 146%
$98.50 Calls – Trading Range: .55-1.51 – Max Gain: 175%
$99 Calls– Trading Range: .36-1.15 – Max Gain: 219%

The extended-term play we targeted also made a big move. The AAPL 07/17 $101 Calls traded in a range from .79-1.37, for a nice 73% rip. We’ll want to continue tracking this set of contracts in sessions to come, with plenty of time before their expiration.

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SPDR S&P 500 ETF Trust (SPY) – Next up were the SPY Weekly $208-210 Calls, which we were pretty sure would produce some decent action based purely on the overall market sentiment we were observing leading up to our submission of the idea. Our assumption proved to be spot-on, and we observed some excellent moves during the session:

$208 Calls – Trading Range: 1.13-1.97 – Max Gain: 74%
$208.50 Calls – Trading Range: .81-1.56 – Max Gain: 93%
$209 Calls– Trading Range: .55-1.19 – Max Gain: 116%
$209.50 Calls– Trading Range: .33-.86 – Max Gain: 161%
$210 Calls– Trading Range: .20-.60 – Max Gain: 200%

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Computer Sciences Corp. CSC – As a bonus idea we called attention to the CSC 06/17 $44-48 Calls and while a couple of the contracts contained in that range failed to trade any notable volume, respectable gains were still there for the taking in the other three:

$45 Calls– Trading Range: 3.20-5.05 – Max Gain: 58%
$47 Calls– Trading Range: 1.65-2.75 – Max Gain: 66%
$48 Calls– Trading Range: 1.25-3.48 – Max Gain: 178%

This is why we love options trading. Out of thirteen sets of contracts we slated for tracking, having eleven produce the opportunity for big gains, and seven of those produce chances at gains of more than 100% is a perfect illustration of why we have not focused solely upon stocks for years now.

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More Fresh Options Ideas: We’d like to follow up that recap with some new interests this morning, each with untraded-upon earnings beats to consider. We will be following the activity in Williams & Sonoma WSM Weekly $53-55 Calls as well as Dollar Tree, Inc DLTR Weekly $83-86 Calls.

Extended Watchlist:
ATLS, LOTE, SHLD, SYNC, ASX, RIXG, X