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

Blue Horseshoe Stocks: More Big Options Calls

Options Review

Once again we were able to score some good quick-strike options trading opportunities with the fresh ideas included with yesterday morning’s premarket report. It continued an extremely solid run of options ideas this week.

In three separate options chains, we selected a total of 12 options contracts to monitor, and solid chances for significant intraday gains were produced by 10 of those:

The Kroger Co. KR Weekly $28-29.50 Calls
$28 Calls
– Range: .41-1.04 – Max Gain: 154%
$28.50 Calls – Range: 21-.68 – Max Gain: 224%
$29 Calls – Range: .08-.41 – Max Gain: 413%

Darden Restaurants Inc. DRI 07/20 $100-115 Calls
$100 Calls
– Range: 3.00-8.20 – Max Gain: 173%
$105 Calls – Range: .90-4.10 – Max Gain: 355%
$110 Calls – Range: .30-1.50 – Max Gain: 400%
$115 Calls – Range: .05-.45 – Max Gain: 900%

Micron Technology, Inc. MU Weekly $61-62.50 Calls
$61 Calls – Range: .22-.57 – Max Gain: 159%
$61.50 Calls – Range: .17-.37 – Max Gain: 118%
$62 Calls – Range: .10-.24 – Max Gain: 140%
______________

More Fresh Ideas

We had an excellent day with yesterday’s fresh trio of options ideas*, so why not formulate another three to close out what has been a fantastic trading week. 

SPDRA S&P 500 ETF (SPY) Weekly $274-275.50 Calls*

BlackBerry Ltd. BB Weekly $11-12 Calls*

CarMax, Inc. KMX Weekly $75-78 Calls*

*Never trade weekly options on a Friday unless you are an expert trader with disposable funds!


Extended Watchlist:
FCEL, FTI, INPX, TS, TNTR, BPMX, CRC, OAS

Blue Horseshoe Stocks: ENPH Review & More

Aytu BioScience, Inc. AYTU

We’ve done our best this week in reminding readers that our interest in AYTU was not a drill. Beginning from our initial alert in last Wednesday’s premarket report, the stock was exhibiting all the signs of a recovery play.

Yesterday we reiterated our interest for the second time this week, mentioning how the stock had already come a considerable distance from our observed  low of .4118, and that it had picked up momentum on Monday, and that more gains could be in store.

We were right on the money as the stock extended its recent gains yesterday running to a new high of .76, which represents a five day swing of 85%


Enphase Energy, Inc. ENPH

Recently, we have had quite a few plays we’ve signaled within the past couple of months, exhibit really convincing, sustained uptrends, and ENPH is another one to put in that category.

While our most recent mention of the stock came on March 19th, in the midst of the current run as a reminder, our initial call came on February 28th.  On that day, the stock saw a low of 3.07 and hasn’t looked back since.

Yesterday, ENPH surged to a new high of 5.58, marking a respectable one month run of 82% during which time volume has also been greatly increased.



Fresh Options Ideas –
Both of the following are looking good today with untraded-upon earnings beats, so we’ve got a pair of fresh ideas to share this morning:

Lululemon Athletica Inc. LULU Weekly $83-85 Calls
Blackberry Ltd. BB Weekly $12.50 & $13 Calls


Extended Watchlist:
TOPS, ANW, IDXG, LHO, MARA

Blue Horseshoe Stocks: DAL, GALT Updates & More


Delta Air Lines, Inc. DAL  – Options Recap

We followed a range of Delta options beginning on Thursday morning, when we signaled the DAL Weekly $57-58 Calls in the wake of the company’s across-the-board Q4 earnings beat. We were glad to report on Friday that in a single session those three sets of contracts yielded gains ranging from roughly 780% to 1980%

Despite making such big moves already, Friday’s session brought more success for our tracked calls, so we wanted to open up this short trading week with a final recap on the maximum gains allowed by those excellent weekly contracts. The total ranges we observed over just two sessions were amazing.

$57 Calls – Range: .24-3.44 – Max Gain: 1313%
$57.50 Calls – Range: .14-2.96 – Max Gain: 2014%
$58 Calls – Range: .06-2.40 – Max Gain: 3900%


Galectin Therapeutics, Inc. GALT

We also want to swing back around for GALT, a stock we routinely tracked throughout 2017. It finished off that yea with a bang, and has continued its excellent run into 2018.

From lows it saw at the beginning of December at 1.28, to the new highs it made at the end of last week at 6.15 , GALT had executed a 380% increase in roughly five weeks!


Extended Watchlist:
NCTY, HEB, BB, OSIS, OTIV, HAWK