Blue Horseshoe Stocks: YGYI Update & More

Youngevity International Inc. YGYI

We began tracking YGYI the Thursday before last, on the 4th, and subsequently witnessed a low of 6.00 before the stock began to ascend sharply.

On Friday, despite already having produced significant gain opportunities for us, the YGYI once again made an impressive move, streaking to a new high of 14.40. That works out to an overall move of 140% accompanied by some of the highest volume sessions in the history of the stock.  As YGYI streaks to seven year highs and into the blue sky, we’ll continue to keep tabs on its activity.


Canadian Cannabis Legalization Finally Arrives

We have been proponents of the Canadian cannabis sector for quite a long time, and we have finally reached the moment we’ve been waiting for- the nationwide legalization of recreational marijuana. Originally slated for July, the delays will now finally come to an end, which means the fun is just getting started. Wednesday is the big day.

Here is a list of Canadian cannabis stocks that we’ve tracked in the past to watch in the midst of this very exciting, key moment in Canada’s history, and indeed the history of cannabis itself:

ACBFF, APHQF, ATTBF, CRON, GLDFF, GLNNF, ISOLF, NXTTF, MRRCF, SPRWF, & TWMJF


Extended Watchlist: 
ARNC, LEVB, LLL, HRS, TKC, INO, EARS, CEI, RIOT, MNGA

Blue Horseshoe Stocks: DAL Options & More

Delta Airlines Inc. DAL

Despite a tumultuous day for the markets yesterday, and mostly everything taking on a bearish characteristic, we’re still going to go bullish on DAL in the wake of the company’s quarterly earnings report released this morning.

Despite rising fuel costs, the company revealed that profits soared well past expectations as a result of increased demand leading to higher ticket prices.

As we always try to do when a company posts a solid beat, we’ll designate a range of options to place on watch, in this case the DAL Weekly $49.50-52 Calls. We’ll go ahead and track these into the end of the week. DAL stock was already oversold, getting hammered for weeks, so this report may be just the catalyst needed to effect an impressive reversal.



SPDR S&P 500 ETF (SPY)

We had great success with the SPY earlier this week, and we want to come back to it this morning in the wake of the markets getting crushed yesterday. With the amount of uncertainty and potential volatility out there, we want to set ourselves up to have an active idea no matter which way the winds blow.

Should the SPY fall below $276, we will target the SPY Weekly $277 & $276 Puts. If it pulls above $276 we will focus on the $276 and $277 Calls, so either way, we should be able to quickly identify the proper course once trading commences. .


Extended Watchlist: 
SBGL, PRPO, RH, HEAR, CEI, HMY, ACST, HSGX

Blue Horseshoe Stocks: Options Reviews

CarMax, Inc, KMX – Recap

Yesterday morning we placed a set of contracts from the KMX chain on our radars, and while we didn’t yet see a clean sweep of gains from bottom to top, the beginnings of some really nice activity did take place in the lower end of the range.

We had designated the KMX Weekly $77-79 Calls as our contracts of interest and the 77-78′s came alive for some excellent intraday moves.

$77 Calls
– Range: .10-.85 – Max Gain: 750%
$77.50 Calls – Range: .11-.60 – Max Gain: 445%
$78 Calls – Range: .05-.40 - Max Gain: 700%


Adobe Systems, Inc. ADBE – Recap

We included an idea for the Adobe options chain on Monday morning, and have also seen some very nice gains there as well this week. This all three of our targets, the ADBE 10/26 $260-265 Calls have produced chances at big-time multibag gains over the past three sessions.

We reported nominal gains on Tuesday morning, but after an extra couple of trading days, we’ve seen those ranges extended by a considerable margin.

$260 Calls– Range: 8.05-14.28 – Max Gain: 77%
$262.50 Calls – Range: 7.25-12.93 – Max Gain: 78%
$265 Calls – Range: 4.85-9.90 – Max Gain: 104%


Extended Watchlist: 
CEI, AMRS, UPL, AMDA, GWPU, YUMA, AWSM

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Blue Horseshoe Stocks: AMD Review & More

Advanced Micro Devices, Inc. AMD

Our first order of business today is going to be to take a look at the incredible year AMD has had. We’ve mentioned it quite a few times along the way, but if we track all the way back to April 26th, we see that we caught this stock at a low of 10.61.

AMD has been an absolute juggernaught all year, and this morning in the premarket trades are going off at 33.25. That’s 213% higher than our observed share price this spring, and AMD shows little sign of slowing its gradual ascent.

In terms of options ideas, we are going to put an observation tag on the AMD Weekly $32-33 Calls.


Adobe Systems, Inc. ADBE

Yesterday morning for a fresh options idea,we stated that if we saw ADBE maintain support at or above 258.49, we were going to be very interested in the ADBE 10/26 $260-265 Calls.

The stock began to make the reversal we expected yesterday, and its activity fueled the first round of gains for our calls, which were as follows:

$260 Calls– Range: 8.05-10.50 – Max Gain: 30%
$262.50 Calls – Range: 7.25-8.50 – Max Gain: 17%
$265 Calls – Range: 4.85-7.85 – Max Gain: 62%

We would not be at all surprised to have to swing back around to report much larger gains down the road on these ideas, but yesterday’s activity was a solid start.


Extended Watchlist: 
CEI, GERN, YUMA, JONE, HUSA, NIHD, QTNT,

Blue Horseshoe Stocks: CSX Review & More

CSX Corp. CSX – Options Review

We presented our readers with an options idea concerning CSX yesterday morning in the wake of the company’s solid quarterly earnings report, the CSX Weekly $65-67.50 Calls.

What followed was an exceptionally bullish session for the railroad giant, which facilitated some really nice intraday multi-bag gain opportunities.

Not surprisingly, big moves were exhibited by every single contract in our designated range of six sets:

$65 Calls– Range: 1.64-4.00 – Max Gain: 144%
$65.50 Calls – Range: 1.42-3.54 – Max Gain: 149%
$66 Calls – Range: .91-3.00 – Max Gain: 230%
$66.50 Calls
– Range: .64-2.57 – Max Gain: 301%
$67 Calls – Range: .45-2.02 – Max Gain: 349%
$67.50 Calls – Range: .28-1.65 – Max Gain: 489%


 Walgreens Boots Alliance, Inc. WBA – Recap

Also included in our morning report yesterday were the WBA 08/17 $67.50 & $70 Calls, and those too enjoyed some notable intraday gains for the session.

Despite selecting calls with August expiration, the payoff to this idea was all but instantaneous, with each of our two ideas logging significant intraday runs to the upside. The $67.50′s traded in a range from .93 to 1.45, a gains of 133% while the $70′s went from .40-.65, which works out to a gain of 63%
____________

Fresh Ideas -  We’ll keep the options train rolling with another pair of fresh ideas this morning:

We’ll track the activity in the EBAY Weekly $36-34.50 Puts after the company fell short on Q2 revs, along with the SPDRA S&P 500 ETF (SPY) 07/23 280.50-281.50 Calls for an idea to watch into next week.


Extended Watchlist:
TCP, DM, RCON, LODE, AVEO, CEI, ACIU