Midweek Options Updates

Midweek Options Review

As we head into the Thanksgiving break with exactly one and a half trading sessions remaining for the whole week, we wanted to first update our readers on the excellent fresh options ideas we put forth in yesterday morning’s premarket report.

We went bearish on Dollar Tree and bullish on Nutanix, and big intraday gain opportunities presented themselves across the board, in every set of contracts in our designated tracking ranges.

Cheers to any of our readers who were able to take advantage of the alert and snag some of these solid gains on the day:

Dollar Tree, Inc. DLTR Weekly $99-96 Puts
$99 Puts – Range: 2.64-5.30 – Max Gain: 101%
$98.50 Puts – Range: 3.37-5.70 – Max Gain: 69%
$98 Puts – Range: 2.38-5.05 – Max Gain: 112%
$97 Puts – Range: 1.40-3.81 – Max Gain: 172%
$96 Puts – Range: .70-3.01 – Max Gain: 330%
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Nutanix, Inc. NTNX $33.50-35 Calls
$33.50 Calls – Range: .40-.98 – Max Gain: 145%
$34 Calls – Range: .20-.65 – Max Gain: 225%
$34.50 Calls – Range: .15-.40  – Max Gain: 167%
$35 Calls – Range: .10-.30 – Max Gain: 200%


Fresh Ideas:
SPY Weekly $314-315 Calls
BOX Weekly $16-17 Calls
VMW Weekly $165-170 Calls 


Extended Watchlist: 
IBIO, LODE, GALT, OCGN, AVEO, OBSV

Blue Horseshoe Stocks: Big News Play & More


PVH Corp. PVH

PVH has demanded our repeat attention for nearly an entire trading week now. We were just updating our readers yesterday morning  with the fantastic gains we’ve seen from our options idea, the PVH 09/20 $75-85 Calls, since last Tuesday.

We’ve had to return each morning to update readers on the new highs these plays have been registering each day. Today will be no different, with significant extensions to our total observed ranges being logged with yesterday’s session. Please note, these are the lows following our alert last Tuesday, to yesterday’s subsequent highs.

$75 Calls – Range: 5.10-14.25 – Max Gain: 179%
$80 Calls – Range: 2.00-9.60 – Max Gain: 380%
$85 Calls – Range: .55-5.07 – Max Gain: 789%

With nearly two weeks remaining until expiration, we can’t rule out even more increases coming to these plays. They’ll remain on our radar for the time being.


Weatherford International plc  WFTIQ

Also catching our eye today, thanks to our longtime reader Mark, is a news release by an OTC company which has just scored a huge contract with PBR (Petrobras), a stock that we have an extensive history covering. It is Brazil’s state run oil conglomerate, and the deal represents the biggest score for WFTIQ to date.

We’ll include a clip of, and link to, the PR below, and what we’re looking at for the stock is the potential for some rapid near-term gains as a response to the big news.

BAAR, Switzerland, Sept. 10, 2019 /PRNewswire/ — Weatherford International plc (OTC-PINK: WFTIQ) (the “Company” or “Weatherford”), announced the signing of an $87 million contract for fishing and intervention services with Petrolio Brasileiro S.A., which is more commonly known as Brazilian-based multinational corporation Petrobras. The four-year agreement represents the largest fishing contract ever signed by Weatherford. It also constitutes the largest single global award for this scope in the recent past. (>>View Full PR)


FuelCell Energy, Inc. FCEL 

FCEL is a play we’ve also been familiar with in the past, and we tagged in yesterday morning’s premarket watchlist after the company’s big Q3 revenue beat on Friday.

It was a solid choice, with the stock making a nice move on day for us. FCEL traded in a range from .48-.64, marking a move of 33% We’ll be interested to see if it can build off of that momentum and continue to rise up off of its recent relative lows.


Extended Watchlist:
IGNG, FMHS, GSAT, AVEO, MNK, WTER, SDRL

Blue Horseshoe Stocks: Bottom Watchlist & More

AVEO Pharma Inc. AVEO
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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: AAPL Options & More

Apple, Inc. AAPL -Options Idea

Apple has been getting beaten back over the past several sessions, even as the company unveiled new product upgrades in Apple TV+, Apple Arcade, and the Goldman Sachs/Mastercard-powered Apple Card. We will look for a rebound on the heels of some relief in the Apple camp over the company’s international dispute with Qualcomm currently under review at the International Trade Commission.

We’re going to radar the AAPL Weekly $187.50-190 Calls and track the activity there for the rest of the week. The stock has been especially volatile on a daily basis over the past week, as compared to the previous couple of months. It could lead to some sizable opportunities for us.


More Fresh Ideas

Shoe Carnival, Inc. SCVL – The setup on Shoe Carnival couldn’t be much better at the moment. The stock had come down to its lowest prices since last year prior to yesterday’s big post-market earnings beat.

We are going to want to put some contracts in this chain on watch as well- particularly, the SCVL 04/18 $35-40 Calls.
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Centene Corp. CNC – Centene just got pushed down well below what appeared to be a strong double bottom, and is now trading at new 52-week lows. We’re going to begin monitoring on a longer-term basis for an eventual recovery, with the CNC 09/20 $50-55 Calls.


Extended Watchlist:
EVLV, TBLT, AVEO, SXTC, CTRM, AYTU, FCSC, GLBS

Blue Horseshoe Stocks: Big Options Wins

Options Reviews

General Mills, Inc. GIS – We were looking at the General Mills chain beginning
on Wednesday morning, when we designated the GIS 04/18 $47.50-50 Calls as targets of interest for the week. We got some very nice profit opportunities out of that set, with plenty of time for the possibility to realize further gains.  The $47.50 Calls rose from a low of 1.40-3.55, an upswing of 154% The $50’s traded in a range from .27-1.47, which works out to a huge jump of 444%
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Darden Restaurants, Inc. DRI  – On Thursday morning, we added the DRI 04/18 $115 Calls to our pool of ideas, and those really made a splash as well. In the two session span following our alert, we witnessed a move up from a low of 1.15 to a high of 4.30. That represents a rapid increase of 274%
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Revlon, Inc. REV – Finally, on Friday, we continued our streak of new ideas with an extended-term idea on Revlon. A pair of big insider buys was what led us to place these on watch. We’ll continue to track the REV 08/16 $22.50-25 Calls. For Friday, they each managed modest increases, with the $22.50’s running from 2.55-2.90 (+14%) and the $25’s going from 1.25-2.00 (+60%). These will be on our radar for quite some time, but got off to a nice start.


Extended Watchlist:
WGO, FTR. ASNA, CRIS, CRMD, AVEO, KNDI