Blue Horseshoe Stocks: Wrapping Up a Solid Week

Five Below Inc. FIVE

Fresh for yesterday morning’s premarket report, we jumped on the FIVE options chain with some quick-strike ideas in the FIVE Weekly $125-127 Calls and after an impressive $5+ intraday run for the stock itself, all three of those ideas bore fruit instantly. We wanted to recap the performance this morning, as well as update our idea for this play.

$125 Calls – Range: 2.40-5.00 – Max Gain: 108%
$126 Calls – Range: 2.18-3.30 – Max Gain: 51%
$127 Calls – Range: 1.64-3.00 – Max Gain: 83%

With FIVE gapping up again in the premarket today, we expect to see further gains from the above-mentioned contract sets, but we also want to roll up our potential strike prices a bit to follow the money a little closer. We’ll include the FIVE 04/05 $128-129 Calls in our pool of ideas going forward.


FRESH IDEAS:

BlackBerry Ltd. BB – Fresh off of the scanner this morning, we’ve got BlackBerry making waves in the premarket after a solid beat on revs and profits, in a quarterly release that included record software IP licensing. We’re going to keep an eye on the BB Weekly $9-10 Calls*.
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CarMax, Inc. KMX – CarMax also reported this morning, and it too is moving the needle in the premarket on the heels of a beat on profits. We’re going to add the KMX Weekly $65.50-67 Calls* to our tracklist for today as well.

*DO NOT attempt to trade weekly contracts on a Friday unless you an advanced level trader with access to disposable funds!


Extended Watchlist:
COBI, RVLT, PIXY, TGTX, AWSM, ACET, AMRS

Blue Horseshoe Stocks: BB Recap & More

Blackberry Ltd. BB

Blackberry had a strong earnings release for its 2nd Quarter on Friday, and we took that as an opportunity to signal a pair of options calls in the BB chain, namely the BB Weekly $10 & $10.50 Calls. It was a good thing that we did, because the impressive intraday move the stock made from 10.43-12.00 ended up facilitated some really nice chances for huge single-session gains.

The $10 Calls traded in a relatively modest range from .50-1.05, gaining 110% on the day. But that was only modest by comparison to the other set we were tracking. The $10.50’s absolutely exploded, running from .10-1.47 for a colossal intraday move of 1370%


Tesla Inc TSLA

We also want to dip a toe in the water with the TSLA chain on the heels of a fast paced week of news pertaining to the SEC’s lawsuit against Elon Musk for misleading tweets back in August.

Shares jumped in the premarket following word that, while ousted as chairman for a period of three years as part of a quickly-reached settlement, Musk will retain his position as CEO.

In the wake of this activity this morning, we want to signal the TSLA Weekly $300-310 Calls for observation as we kick off this fresh trading week.


Neogen. Inc. NEOG

We want to place NEOG on watch today as well for a duality of reasons. Firstly, the stock has just begun to find support after losing its shirt over the past couple of weeks, The stock is ridiculously oversold that the moment, and we caught a Form-4 filing from the CEO and other insiders buying up shares near current lows last week.

So we have the insider angle, as well as a brilliant technical setup, so we’re going to signal the
NEOG 11/16 $70-80 Calls for observation in the days and weeks ahead.


Extended Watchlist: 
NBEV, CRMD, TRXC, BLDP, TRLY, EEFT, MGA

Blue Horseshoe Stocks: PVTL Bottom Play & More

Pivotal Software Inc. PVTL

We’ve been quietly tracking this play for quite some time, and feel it’s just about ready to make a move. As you can see on the included chart, PVTL has sold off after recent earnings, and the stock has found support at a solid double-bottom in the $19-range.

You can also see that PVTL is approaching heavily oversold territory, and the MACD is converging sharply toward a bullish cross, not to mention a sizable gap to the upside. We’re going to want to have a range of options contracts on watch in the days and weeks ahead in the event that the rebound occurs which looks just about due at the present time.

Our targets will be the PVTL 10/19 $19-22 Calls.


Blackberry Ltd. BB

We also want to designate a pair of options contracts for the Blackberry chain this morning on the heels of the company’s Q2 profit beat.

We’ll be looking for a dip-and-rip scenario, which, if it occurs, should produce some significant gain opportunities in the BB Weekly $10 & $10.50 Calls.


Extended Watchlist: 
ENPH, MRTX, DGLY, GERN, IGC, IMMP