Blue Horseshoe Stocks: NTNX Update & More

Nutanix, Inc. NTNX

We began highlighting NTNX just a week ago in our report from the morning of March 12th. On that day the stock saw a low of 35.20, as we signaled the NTNX 05/19 $40-42.50 Calls for longer-term observation.

We wanted to provide an update on both the stock and our options targets this morning, as NTNX has produced a very solid and steady uptrend since the morning of our initial alert. Yesterday, NTNX ran to a new high of 42.21. That marked a 1-week increase of 20% and it allowed for some nice moves in our highlighted contracts.

The $40 Calls have thus far traded in a range from 1.96 to 4.20 for a gain of 114% while the $42.50’s ran from 1.21-2.85, an increase of 136% NTNX is only halfway to filling the topside gap on itas chart, and there’s plenty of time remaining until expiration. We’ll be interested to see if the stock can pile on even more gains.
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Fresh Options Ideas:
Conagra Brands, Inc. CAG 04/18 $24-26 Calls
Williams Sonoma, Inc. WSM 04/18 $57.50-60 Calls
Darden Restaurants,Inc DRI  04/18 $115 Calls


Extended Watchlist:
BIOS, MTP, UBX, MBT, LIFE, UAVS, AXSM, DF, INAP

Blue Horseshoe Stocks: Fresh Options Ideas

Options Roundup

We are going to close out this trading week, which not-atypically presented us with stock and options plays that went for multibag gains, by formulating another group of options ideas. ULTA reported earnings yesterday post-market, we’ve been tracking NTNX for several sessions, and we’re looking at the SPY as the market is gapping up this morning.

ULTA Weekly $320-327.50 Calls*
NTNX Weekly $37.50-39 Calls*
SPY Weekly $280.50-281.50 Calls*


*As always when we signal weekly options on a Friday we must insist that you NOT attempt any of these trades unless you are an advanced level trader with access to disposable funds! It is an extreme high risk/high reward undertaking!


Extended Watchlist:
AVGO, AKAO, DFRG, BIOS, MGTA, MARK, CLNC, EQBK

Blue Horseshoe Stocks: Updates, Special Reminder

Connexus Corp. CNXS

We tagged CNXS in a bitcoin-related watchlist in Thursday’s premarket report, and the stock finished out the week on an extremely high note. From our observed low on Thursday, it made a fantastic two-day swing for us.

CNXS traded up from .0007, cracked through from super-subpenny to subpenny range, and hit a high of .0017, a 143% move which occurred on heavy volume.

We weren’t very surprised to see some nice plays come out of that watchlist, as bitcoin stocks are trending considerably at present.


Viva Entertainment Group, Inc. OTTV

Speaking of super-subpenny plays, from Friday’s extended watchlist came OTTV, a stock which hasn’t been trading too far above its 52-week lows recently.

We saw a solid run from OTTV on our first day of observation with the stock trading up from .0004- to .0007 for an intraday rip of 75% on slightly greater-than-average volume.


Big Lots, Inc. BIG – Options Update

Before breaking for the long weekend we wanted to try to continue a pattern of post-earnings options trading success we’ve had this spring. We did so with the BIG 06/16 $55 & 57.50 Calls, and were very pleased at those contracts’ performances for our first day of tracking.

The $55’s put up a fantastic run from .02-.10 for a 400% banger on the day, while the $57.50’s made a nice round double-bagger trading from .05 to .10 on the day. With more than two weeks still remaining until expiration, we’ll continue to keep watch over these plays.


SPECIAL REMINDER:

We want to give our readers advance notice on a special report headed your way tomorrow! We’ve got a new pick all loaded up for tomorrow morning on a cannabis-related stock trading under .05/share that you definitely won’t want to miss!

Be sure to scan those inboxes or watch our blog at BlueHorseshoeStocks.com shortly after 9AM Eastern tomorrow morning!


Extended Watchlist:
GYOG, PGPM, ECYT, ATW, NSPR, PTGX, NIHD, BIOS