Blue Horseshoe Stocks: SSLJ Recap, Options & More

SSLJ.com Ltd. SSLJ
-
It’s been just under a couple of weeks since we slated SSLJ as a play to watch for a bottom; it was the Tuesday before lastthat we mentioned we’d have an eye on the declining stock that appeared to be ready to reverse at any time.

Friday we saw that come to pass, and the rebound that accompanied it was very impressive indeed. The stock saw a low of .64 before running as high as 1.96, carving out a 206% path and streaking up toward the massive gap that still waits to be filled.

We’re going to continue to monitor this play in the event that it fills the gap, which occupies a range of more than a dollar, and would boost our observed gains by even further.


Yum China Holdings, Inc. YUMC

We targeting some options contracts in the YUMC chain on Friday following the company’s Q2 earnings beat, selecting the YUMC 08/17 $37.50-42.50 Calls
for observation. While we didn’t get multi-bag moves, the gains that were available were still noteworthy.

$37.50 Calls – Range: 1.10-1.70 – Max Gain: 126%
$40 Calls – Range: .55-.80 – Max Gain: 1566%
$42.50 Calls – Range: .23-.35– Max Gain: 407%
______

Fresh Idea:
Caterpillar, Inc. CAT Weekly $145-149 Calls


Extended Watchlist:
NVRO, TNXP, CDMO, BLMN, FDC

Blue Horseshoe Stocks: CAT Updates & More

Caterpillar, Inc. CAT – Update

After having some success earlier in the week with some higher priced CAT options, we observed a course correction, and yesterday informed readers that we would be rolling our strike prices down to the CAT Weekly $143-145 Calls.

It’s a good thing that we did, too, because we saw some excellent intraday gain opportunities off of those ideas after the session commenced:

$143 Calls – Range: 1.82-5.05 – Max Gain: 177%
$144 Calls – Range: 1.49-4.20 – Max Gain: 182%
$145 Calls – Range: 1.02-3.40 – Max Gain: 233%

___________

Fresh Options Ideas:

Chipotle Mexican Groll Inc. CMG Weekly $380-385 Calls
Facebook, Inc. FB Weekly $165-172.50 Calls


Spectrum Global Solutions, Inc. SGSI

We tagged SGSI along with its news yesterday morning, and the stock performed very well as a result. Those PRs alluded to some exciting things happening for the company, namely being awarded $1.5M in new contracts, along with a massive share reduction.

SGSI traded in a range from .0055-.0094, for a 71% rip. It was enough fuel to start the fire, now we’re going to want to continue to monitor the situation on the chance that further swing trade opportunities present themselves.


Extended Watchlist:
AAP, AMD, ALXN, CRK, VTVT, UCTT

Blue Horseshoe Stocks: Fresh Options Ideas & More

Caterpillar, Inc. CAT – Update

After a huge earnings beat yesterday morning, we mentioned that we’d be monitoring the CAT Weekly $157.50-162.50 Calls to take advantage of the big boost in activity.

We did end up seeing some very nice moves from those contracts early on, before the market took a dive and took Caterpillar with it. The gains that were on the table in the morning prior to that dip were as follows:

$157.50′s : 2.30-4.50 (95%)
$160′s: 1.26-2.84 (+125%)
$162.50′s: .52-1.60  (+107%)

After the stock’s course correction, we’re going to dip back into the pool and slate the Weekly $143-145 Calls for observation as we head through this midweek.
___________

Fresh Options Idea:

Chicago Bridge & Iron Co. CBI – We like the current setup of the CBI chart so we’re going to be tracking some options ideas there as well, with the CBI 05/18 $15-16 Calls.


Marathon Patent Group, Inc. MARA

We want to circle back around for an update on MARA this morning, after what has been a fruitful month for the stock. We last signaled this play on March 28th, and shortly thereafter witnessed a low of .92.

In the three weeks that followed we have seen some very nice, steady increases from MARA, with its new highs being registered at 1.94 yesterday. That marks an intra-month run of 111%


Extended Watchlist:
CHEK, NLST, UAVS, QNST, SGSI(News)

Blue Horseshoe Stocks: CAT Options & More

Caterpillar, Inc. CAT – Options

We’ve had great success in the past with CAT options after the company reports earnings, and that’s just what we’re going to try to do again today.

The company obliterated forecasts on the Street for its earnings figures and raised its outlook as well, producing interesting activity here in the premarket and has us anxious to track some calls once the session gets going.

We’re interested in monitoring the CAT 04/27 $157.50-162.50 Calls to try and take advantage of the situation.


Controladora Vuela Compania de Aviacion VLRS

We’re also going to put VLRS on bottom watch for a potential incoming dead cat bounce after the stock has been absolutely crushed over the past two sessions, as you can plainly view on the chart below.

All because of perceived lowered demand after the company’s revenue per seat mile decreased, even as overall revenue increased, according to its recent earnings report. We don’t see that as commensurate with the beating the stock has taken, sending it to new lows and well into egregiously oversold territory. We’ll have it on watch for a possible rebound.


Extended Watchlist:
ATI, SHPG, NETE, HOG, EDU

Blue Horseshoe Stocks: OPK, CAT & More

Opko Health, Inc. OPK

We’re going to start things off this morning by highlighting a potential bottom-bounce play in OPK which is presently boasting a ripening chart setup.

Not only that, but we’ve got a Form-4 alert on this one as well, with CEO Phillip Frost purchasing 100,000 shares yesterday at 4.89. We generally take insider buying at a bottom, especially a strong double bottom like OPK is exhibiting, as a sign that a more sustained recovery could be on the way.

We’ll place this stock on watch in the days and weeks ahead as well as keep an eye on an options idea, the OPK 03/02 $5-6 Calls.


Caterpillar Inc. CAT

Speaking of options ideas, we wanted to submit one for CAT as well in the wake of its premarket earnings release, wherein the company reported a 35% sales increase and a solid beat on profits.

The stock is gapping up into blue skies this morning in the $175 range, so we’ll be looking for a classic early dip-and-rip, and tracking the CAT Weekly $170-175 Calls for potential quick-strike trades.


Extended Watchlist:
RMGN, ATOS, CLF, MYSZ, GALT MDZ, LODE