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 ahead–  the 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

Blue Horseshoe Stocks: Options Review

Tiffany & Co. TIF – Options Recap
We wanted to take an opportunity to backtrack to our options idea from Wednesday, the TIF Weekly $114-117 Calls. We caught the stock on the heels of its earnings report, and the subsequent activity allowed for a good chance for us at the top of that range.

Our ideas got pushed so deep in the money, that the big winner turned out to be the 117’s. Those contracts started out on Wednesday from a low of 1.53, and as of yesterday had reached an impressive high of 8.24. That works out to a two-day swing of 439%


Footlocker, Inc. FL 

We’ve had some good luck with the FL options chain in the past, and we’re going to place some contracts on watch today in the wake of the company’s big profit and sales beat this morning. Q1 earnings blew people away today, and as a result the stock is up considerably.

With no weekly expiration contracts available, we’re going to go out to the FL 06/15 $52.50-55 Calls, for potential quick strike trades.


Extended Watchlist:
QUIK, CDTX, CLWT, AVGR, OHGI, AVGR, PRPO