Blue Horseshoe Stocks: AMRS, TTOO Recaps & More

 Cracker Barrel Old Country Store, Inc. CBRL

We were looking at a favorable setup on the CBRL chart along with a premarket earning beat in yesterday morning’s report, and we floated a couple of options ideas that worked out pretty well early on in the session.

We had the CBRL Weekly $150 & 151.50 Calls as well as the 10/20 $155 Calls on watch, and both our short -term and longer-term ideas provided excellent chances for multi-bag gains on the day.

The Weekly $150′s traded in a range from 1.01-4.00 (+296%), while the
$151.50′s ran from 1.10-2.79, gaining 154% intraday. Even the longer-term idea, the 10/20 $155′s more than doubled on the day, running 175% from 1.09-3.00.


Amyris, Inc. AMRS

We wanted to circle back for AMRS today to recap the past month of its performance on the chart. We put this play on bottom-watch on the morning of  August 15th, and as it turns out, our timing was pretty good. It was just a couple of sessions later when we observed a low of 1.86  in the stock, and it’s been mostly bullish moves since then.

Yesterday, AMRS hit a new high of 3.84, marking an overall increase of 106% in matter of just one month’s time. If the stock can manage to break its previous resistance around the 4.30 area, things could get really interesting.

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Added Note:

T2 Biosystems, Inc. TTOO - In that same report from August 15th we were discussing the run we had seen from TTOO from 2.53 to its highs at the time just over $4. It too hit an impressive new high yesterday, at 6.99. That works out to a one month increase of 176%


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Blue Horseshoe Stocks: Multiple Updates

FutureLand Corp. FUTL

After already showing us a multi-bag swing from our initial alert on Friday to new highs on Monday, FUTL put up another solid performance yesterday. The stock traded in an intraday range from .0024 in the morning, and edged it way up all day to hit a new high of .0037 shortly before 2PM. That works out to a 54% push on the day, accompanied by roughly six times the monthly average volume.  .

From our observed low of .0012 on Friday, the stock has now managed a three-session swing amounting to 308% and will hold our interest as long as it continues to register higher base levels of support.


Apple, Inc. AAPL  – Options Recap

We figured to take advantage for the hype surrounding Apple for its big iPhone 8/X event, and there was enough price action and volatility throughout the day so as to present two separate opportunities for intraday swing trades.

We were looking at the AAPL Weekly $160 & $162.50 Calls, each of which exhibited the same pattern of an early run, followed by a dip-and-rip for a secondary move in the afternoon.

The $160′s first ran from 2.44-4.58 (+88%), and then from 1.07-1.98 (+85%), while the $162.50′s traded from 1.29-2.77 (+115%) initially, followed by a later move from .45-.80 (+78%). All in all, some nice activity for our first AAPL calls in quite some time.


 Cracker Barrel Old Country Store, Inc. CBRL

Drawing us to CBRL this morning is a solid setup on the chart with the stock having recently reversed off of a bottom, in conjuction with a premarket earnings beat.  This is just the sort of scenario we’re always scanning for, and in this instance, we’re going to formulate both a shorter and longer-term options idea.

We’re going to place the CBRL Weekly $150 & 151.50 Calls as well as the 10/20 $155 Calls on watch in the days and week ahead.


Honorable Mentions:

Forterra, Inc. FRTA – After tagging FRTA in Friday’s premarket report, we’ve seen a pretty nice uptrend from the stock. It’s traded up from 3.66 to 5.25, a move of 43% We’ll want to continue to monitor its activity as we head through midweek.

Quotient Ltd. QTNT - We had QTNT in yesterday’s watchlist, and want to continue to track it after it made a similar move.  Also from a low of 3.66, QTNT saw a subsequent high of 5.14, which comes out to an intraday pop of 40%


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