Blue Horseshoe Stocks: Bottom-Watch Play & More

Aytu Bioscience, Inc. AYTU

We’re always on the lookout for a bargain, and we may have a prime bottom play opportunity in AYTU in the near future. The stock has been on the downtrend for a couple of months, and is presently very heavily oversold.

We’re going to put this play on our radar and watch carefully for a bottom-bounce which appears to be imminent. Gaining back even half of the ground its recently lost would mean more than a dounble from the current PPS.


SPDR S&P 500 ETF (SPY)

We’re also looking at the SPY today after a lackluster finish to last week. Market sentiment still appears to be bearish as we ready ourselves to kick off this fresh trading week.

We are going to be tracking a set of bearish options, particularly the SPY 10/08 $288.50-$287.50 Puts. Keep in mind that these expire at the end of the day, thus should be treated as weekly options on a Friday. Only expert traders with disposable income should attempt these kinds of trades.


Extended Watchlist: 
BBD, CIG, CRMD, RGSE, MOSY, PAGS, JAGX, ATIS

Blue Horseshoe Stocks: Options Review & More

SPDRA S&P 500 ETF (SPY)

After following up a string of successful SPY calls from last week, we added a fresh quick-strike idea yesterday morning. With the markets looking ready to pop after positive jobs numbers were released, we signaled our interest in tracking the SPY 07/09 $275.50-277 Calls.

Trading options with same-day expiry always carries a high risk, but in this case, it was well worth it, with each of our designated contracts producing gains of a significant nature on the day.

$275.50 Calls – Range: 1.18-2.74 – Max Gain: 132%
$276 Calls – Range: .80-2.01 – Max Gain: 151%
$276.50 Calls – Range: .48-1.42 – Max Gain: 196%
$277 Calls – Range: .23-.93 – Max Gain: 304%
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Tesla, Inc. TSLA

An idea that we formulated on Friday was with some extended term TSLA Calls. We wanted to remind readers of these contracts this morning, as the stock is behaving like we might now see the move that we predicted at the end of last week.

The TSLA 08/02 $300-315 Calls should be in line to see some nice gains with the stock itself gapping up hard here in the premarket.
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Fresh Idea:
For another fresh options trading idea on the heels of PEP’s earning beat, we’re going to be tracking the activity in the PepsiCo, Inc. PEP $109-112 Calls.


RiceBran Technology RIBT

We have included RIBT in our reports on each of the past two Mondays, and the stock has made appreciable moves to the upside in that time span.

Between our initial alert last Monday, after a low of 2.21 from which the stock hasn’t looked back, yesterday’s new high reached 3.09, marking a one week upswing of 40% We’ll be interested to see how far the stock can continue to streak into blue skies.


Extended Watchlist:
TNTR, AYTU, CLNE, CRMD, OHGI

Blue Horseshoe Stocks: Earnings Related Options

Post Earnings Options Ideas

General Electric Co. GE – In recent months we’ve watched as GE has been hammered back, and it was only recently that the stock began to find support and make a reversal. We’re really paying attention this morning on the heel of the company’s earning release. It’s currently up in the premarket by a significant margin.

We’re going to be looking to take advantage of a possible dip-and-rip scenario here, with a quick strike options trading idea. We want to track the GE Weekly $14-15 Calls*, which should see some nice activity to close out the week.
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HoneyWell International, Inc. HON
– We also like the chances of some good opportunities with HON, also coming off the premarket earnings calendar this morning with some strong results for the quarter.

Here we’re going to be monitoring the HON Weekly $150 & $152.50 Calls* for possible day-trades.

*Please be advised that trading weekly options on a Friday carries extreme risk which should never be undertaken unless you an expert trader with disposable funds.


Extended Watchlist:
AGMH, SSW, ERIC, AYTU, MSCC