Blue Horseshoe Stock: More Options Success

General Motors Co. GM

We went very options heavy in our report yesterday morning, updating our readers on the success of ideas we had earlier in the week, and also including a pair of fresh ideas, GM Weekly $40-42 Calls.

We’re pleased to report that all five of the contracts in our designated range produced the opportunity for tangible intraday profits.

$21 Calls – Range: 1.61-2.73 – Max Gain: 70%
$21.50 Calls – Range: 1.00-2.22 – Max Gain: 122%
$22 Calls – Range: .73-1.70 – Max Gain: 133%
$21.50 Calls – Range: .42-1.26 – Max Gain: 200%
$22 Calls – Range: .18-.85 – Max Gain: 372%

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Burlington Stores, Inc. BURL

Also freshly formulated in yesterday’s report was our idea for the BURL Weekly $141-144 Calls, and we were not disappointed on that front either. While the bottom half of the range was pushed too deep into the money for any serious activity, we quickly zeroed in on the top performers, the $143 and $144 Calls.

The $143′s managed a huge run from 1.45-5.80, marking an intraday surge of 300% while the $144‘s posted a range of 1.40-4.00, which works out to a 186% rip.


More Fresh Options Ideas

For the second day in a row we’ll present a fresh pair of options ideas, one longer-term and one for potential day trades today*:

Bank of America BAC 07/20 $29 & $30 Calls
Lululemon Athletica LULU Weekly $111-114 Calls

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


Extended Watchlist:
ATIS, HEAR, TOPS, SGLB, PETX, AMMA

Blue Horseshoe Stocks: Options Roundup

Dicks Sporting Goods, Inc. DKS – Recap

We cast a wide net with respect to the DKS options we included in yesterday’s premarket report, marking the Weekly $35-40 Calls for observation on the heels of the company’s earnings release.

While there were gains on the table for all ten of the contracts in our specified range, we won’t list all of them out, but rather just provide the bottom and the top of the range, and let our readers fill in the blanks.

The $35 Calls ran from 1.50-3.99 for an intraday move of 166%  The $40′s traded up from .10-.45, representing an upswing of 350%  Agiain, increasing, commensurate gains were available throughout our designated range of contract sets.


HP, Inc. HPQ – Recap

We also formulated an idea for the HPQ options chain in yesterday’s report, the HPQ Weekly $21-22 Calls, and were presented with some big single session moves there as well, including a five and a six-bagger!

This was another post-earnings idea, which is generally when we like to strike, at a time when price action and volatility are increased to significant levels. It provided for the following chances for profit:

$21 Calls – Range: .40-1.21 – Max Gain: 214%
$21.50 Calls – Range: .11-.76 – Max Gain: 590%
$22 Calls – Range: .05-.35 – Max Gain: 600%


Fresh Options Ideas – We’ll finish up this morning’s options-heavy report by including a couple of new sets of ideas:

Burlington Stores, Inc. BURL Weekly $141-144 Calls
General Motors Co. GM Weekly $40-42 Calls


Extended Watchlist:
AIPT, BCLI, NGL, NAK, TGA, SESN, VKTX

Incoming search terms:

  • \*@bcli org\

Blue Horseshoe Stocks: Options Updates & More


Dollar General Corp. DG

We highlighted a wide range of calls in the DG chain yesterday morning on the heels of the company’s earnings release, the DG Weekly $94-96.50 Calls

While every contract in the range did see intraday gains, we’ll just focus on the $94-95.50′s, as the $96 & $96.50′s didn’t get pushed deep enough in the money to make similarly large moves.

$94 Calls – Range: .50-1.93 – Max Gain: 286%
$94.50 Calls – Range: .42-1.46 – Max Gain: 248%
$95 Calls – Range: .30-1.40 – Max Gain: 367%
$95.50 Calls – Range:  .30-1.00 – Max Gain: 233%


Burlington Stores, Inc. BURL 

We also had the BURL 03/16 $120 & $125 Calls on watch beginning last Thursday, and between then and now, we ended up witnessing some nice moves from those plays.

Our observed range on the $120′s has been 4.04-9.53 (+136%), and the $125 have run from 1.35-4.73 (+250%) in just a week’s time.


SPDR S&P 500 ETF (SPY)

We’re going to come back to the SPY today after having seen the markets experience four consecutive days of losses this week.

We’ll be looking for a reversal of fortune for the SPY, and will be tracking the Weekly $274-275.50 Calls* today.

*Do NOT trade weekly calls on a Friday unless you are an expert level trader!


Extended Watchlist:
AUPH, KBSF, OPGN, SMRT, ZSAN,

Blue Horseshoe Stocks: More Options Success

SPDR S&P 500 ETF (SPY) – Options Recap
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Our options calls we made for the SPY on Friday morning were very good to us, and were an excellent way to close out what was ultimately a very successful trading week.

We put a flag up on the SPY Weekly $274.50-277 Calls after seeing the markets stabilize last midweek, following a couple of turbulent sessions as a result of Trump administrations newly announced tariffs. Things looked ripe for a rebound on Friday and that’s just what we got, with the SPY turning in a bullish performance from start to finish.

There were six sets of contracts contained in our designated range, and regardless of which strike price was chosen, intraday gains were on the table, ranging from very good to absolutely fantastic.

$272 Calls – Range: 1.30-4.31 – Max Gain: 232%
$272.50 Calls – Range:  .80-3.90 – Max Gain: 387%
$273 Calls – Range: .68-3.25 – Max Gain: 378%
$273.50 Calls – Range: .46-2.90 – Max Gain: 530%
$273 Calls – Range: .26-2.45 – Max Gain: 842%
$273.50 Calls – Range: .10-1.90 – Max Gain: 1800%

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Burlington Stores, Inc. BURL – Speaking of multi-bag options winners, we slated the  BURL 03/16 $120 & $125 Calls for observation on Thursday morning, and those finished out the week with stregth as well. The $120 Calls ran from 4.04-8.50, for an intraday rip of 110%, while the $125 nearly doubled that performance with a 212% run from 1.35-4.21.


Lumentum Holdings, Inc. LITE

We want to swing back around to recap the recent performance of LITE as well. Since our alert on the stock on February 7th, at which time the stock was trading for as little as 52.20/share, LITE has made considerable and steady upward progress.

On Friday it hit a new high of 69.25, marking a move of 33% in less than five weeks. That is quite a feat for a stock that started out above $50!

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Fresh Options Idea:

Valeant Pharma International, Inc. VRX -We’re going to formulate a short and longer-term options idea for VRX, which is looking like it could be ready for a bottom bounce. Last week, an insider buy to the tune of more than $108.8M came in as well, which just reinforces our assumption that for now the stock has gone as low as it’s going to go.

We’ll be looking at the VRX Weekly $15 & $15.50 Calls, as well as the 04/13 $16 & $16.50 Calls.


Extended Watchlist:
ADMS, AKER, CPST, KANG, MRTX, NPTN, ENRJ

Blue Horseshoe Stocks: RXMD Keeps Rocking & More

Progressive Care, Inc. RXMD

We’ve talked about RXMD every day this week, because the stock has continued to streak to new highs each day. As we’ve mentioned, our February 22nd alert on RXMD enabled our readers to gain entry for as little as .0663.

Yesterday, our tenth session tracking this play, the stock soared to a new five year high of .197, registering as a total increase from our observed low amounting to 197%

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Zosano Pharma Corp. ZSAN

We put ZSAN back on our radars as a bottom-bounce play on Friday, and witnessed a subsequent low of 6.8175. From that point, the stock has made a very nice move in just a short time.

Yesterday, following yet another tag in our premarket report, ZSAN ran from 9.58 to 15.74. That worked out to an intraday rise of 64% and a total increase of 131% in a matter of just four trading days.

As you can see on the included chart snapshot, if the stock can pass through the highlighted resistance area and breach the 200DMA, things could get very interesting.


Dollar Tree, Inc. DLTR

We formulated a bearish options idea for Dollar Tree yesterday morning, and it worked out in our favor as the stock gapped down hard, followed by more backsliding during the session. Our targets were the DLTR Weekly $95-92 Puts and the two sets of contracts in the lower end of that range yielded notable intraday gain opportunities.

$93 Puts – Range: 4.00-6.10 – Max Gain: 53%
$92 Calls – Range:  2.50-4.54 – Max Gain: 82%

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Fresh Options Idea:
We also want to look at Burlington Stores, Inc. BURL on the heels of its earning release and signal a few contracts for observation- the BURL 03/16 $120 & $125 Calls.


Extended Watchlist:
NTLA, OKTA, THO, MARA, NVCN, YY, ONCS, CRIS, TEUM