Blue Horseshoe Stocks: Fresh SPY Calls

Foot Locker, Inc. FL

We had a group of options ideas lined up on Friday, and then the bottom proceeded to fall out of the markets, rendering our bearish idea for FL the main attraction for the day.

We designated the Foot Locker FL $38-36.50 Puts as our items of interest, and the intraday activity was good for the following gain opportunities.

Foot Locker FL $38-36.50 Puts 
$38 Puts – Range: 1.30-4.20 – Max Gain: 223%
$37.50 Puts – Range: 1.10-3.10 – Max Gain: 182%
$37 Puts – Range: .85-3.10 – Max Gain: 265%
$36.50 Puts – Range: .75-2.80 – Max Gain: 273%

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Fresh Options Idea: 
Speaking of the market sell-off, it appears as if we may experience a dead-cat bounce today,  and we will will have some SPY ideas ready for that possibility. We’ll track the
SPY Weekly $287-288.50 Calls
to kick things off this week. 


PaperFree Medical Solutions, Inc. PFMSWe also want to provide a brief recap of a solid OTC call we had from earlier last week. We placed PFMS on watch in our premarket report on Tuesday, and the stock has posted quite a move over the ensuing four sessions.

From a low of .0029 on Tuesday, PFMS shot up to a new high of .0071 on Friday, marking an impressive intraweek swing of 145% With that kind of momentum, we’ll be sure to keep its slot on our watchlists reserved as we kick off another trading week.


Extended Watchlist:
PBIO, SOLY, FSLY, ATHX, DISH, VKTX, LIQT, AVGR

Blue Horseshoe Stocks: Perfectly-Timed Bottom Plays & More

Allakos, Inc. ALLK -  Recap

We began tracking ALLK on Monday morning, and formulated some options ideas ($45-60) which worked for us in Monday’s session, bringing in some nice gain opportunities. Then yesterday rolled around and we shared the huge news reported by the company in our premarket report along with the gains that our options ideas made.

The news on ALLK proved to be very influential on the activity of the stock, pushing it even further than Monday’s big surge had taken it. From the low that morning of 60.34, ALLK has run all the way up to a new high yesterday at 85.40, which marked a two-day upswing of 42%

While the lower end of our tracked options range was too deep in the money to see any real progress, the $60 Calls remained in play, and hit a high of 23.82. From our observed low of 6.75 on Monday, those contracts rose by a whopping 253%
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We also signaled interest in the Innovative Industrial Properties, Inc. IIPR 08/16 $100-105 Calls 
yesterday, and those got off to a modest, yet promising start. The $100′s traded in a range from 6.50-7.90 for a rise of 22%, while the $105′s ran 23% from 4.50-5.90. We’ll continue to monitor these ideas into their expiration next week.
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Fresh Ideas: 
CVS Weekly $55.50-57 Calls
SPY Weekly $286-285 Puts



Durect Corp DRRX


We also want to highlight the incredible performance that DRRX has had this summer to finish things up this morning. We tagged the stock for observation on May 28th, at which time we observed a low of .50, and it turned out to be a great nbottom call, as it hasn’t looked back since.

Slow and steady growth over the past two months has brought DRRX to a new high of 1.44 this week. That represents an overall increase of 188% in the time we’ve been observing this play.


Extended Watchist: 
MRNA, EVH, CPE, ENDP, AVGR, TVIX, APVO, ONVO

Blue Horseshoe Stocks: DAL, LEVI Options

Centene Corp. CNC

This play continues to dominate our headlines for the third time this week, with the stock making yet another sizable move yesterday. We originally called this idea on March 27th, the CNC 09/20 $50-55 Calls. and the response has been fantastic, with the stock itself running from a low of  49.56 that morning, to yesterday’s high of 58.25 (+18%).

It has produced some fantastic gain opportunities for anyone who had the good fortune to catch our initial alert; especially those who went with the $55′s. The total moves over this ten-session span are as follows:

$50 Calls – Range: 1.80-9.50 – Max Gain: 428%
$52.50 Calls – Range: 3.84-8.60  – Max Gain: 124%
$55 Calls – Range: .31-7.50 – Max Gain: 2319%


FRESH OPTIONS IDEAS:
Delta Air Lines, Inc. DAL Weekly $57.50-58.50 Calls
Levi Strauss & Co. LEVI 04/18 $23-24 Calls


Extended Watchlist:
FSLR, TNAV, TPX, INPX, CASI, PRPO, ONCS, AVGR

Blue Horseshoe Stocks: Options Recap, Fresh Idea & More

SPDR S&P500 ETF (SPY)

On Friday we were just mentioning how SPY options has been a go-to trade for us. We talked about the most recent occurrence, when we signaled some SPY Calls earlier this month that produce multi-bag gain opportunities.

We said we would be tracking the SPY Weekly $263.50-265 Calls on Friday and it should come as no shock that we once again struck it big with our favorite ETF. Each of the four contracts contained within our specified range logged huge gains on the day.

Here are the intraday moves made, and the total possible gains that were available to anyone who was following our idea:

$263.50 Calls – Range: 1.09-3.94 – Max Gain: 261%
$264 Calls – Range: .47-2.96 – Max Gain: 530%
$264.50 Calls – Range: .51-2.46 – Max Gain: 382%
$265 Calls – Range: .33-2.00 – Max Gain: 506%



Logitech International, Inc. LOGI

We’ve also taken notice of LOGI on the heels of its Q3 earnings report, wherein the company has reported record sales for the quarter, not to mention raising guidance for the full year. As a result it presently appears to be the most attractive stock on the earnings calendar.

We are going to signal a range of calls in the LOGI chain to observe in the days and weeks aheadthe LOGI 02/15 $34-35 Calls.


Extended Watchlist:
TVON, TTNP, AVGR, EDU, KNDI, ATIS,

Blue Horseshoe Stocks: Fresh Options Idea & More

Campbell Soup Co. CPB – Options Update

We opened up the week yesterday with a fresh options idea, designating the CPB Weekly $30.50-$42 Calls for observation, and we were pleased to be met with potential gains across the board. While not every contract set was a huge runner, they all made gains, including 4 out of 6 recording multi-bag performances on the day.

$30.50 Calls – Range: 2.26-3.12 – Max Gain: 38%
$40 Calls – Range: 1.00-3.00 – Max Gain: 200%
$40.50 Calls – Range: 1.63-2.00 – Max Gain: 23%
$41 Calls – Range: .95-2.10 – Max Gain: 121%
$41.50 Calls – Range: .80-1.80 – Max Gain: 125%
$42 Calls – Range: .60-1.50 – Max Gain: 150%

With the way CPB stock itself behaved, we’ll be very interested to continue to keep an eye on the activity in these plays as the week progresses.


Fresh Options Idea – Harley-Davidson, Inc. HOG

As promised, we also have another fresh options idea today. Harley announced plans to shift some of its US production overseas to avoid EU tariffs over the weekend, and was promptly slammed by Donald Trump.

This has caused a clear over-reaction by enough traders/investors as well as a spike in short interest which is driving the stock down rapidly. It is approaching a multi-bottom setup on the chart, and we’re going to want to be ready to take advantage when the rebound occurs.

We’re going to signal the HOG 08/03 $43-44 Calls, and remain watchful over HOG in the days and weeks ahead for a rebound that could be coming at any time.


Extended Watchlist:
AVGR, GE, GWPH, IIIV, INFI