Tag: CGC

Blue Horseshoe Stocks: Big Day for Options

Options Recap

Yesterday, our premarket report included two fresh sets of options trading ideas for Under Armour, and Take Two Interactive, and thanks in part to a nice rebound for the markets, we were able to see some really nice gains in our designated plays.

Both of these were companies that had just reported their quarterly earnings, which just reinforces why we continue to make these same kinds of calls over and over again. Post-earnings options trading, while just as risky as any other type of short-term trade, is also just about the most reliable way to find quick-strike opportunities to profit.

Here were the trading ranges and total possible single-session gains that could have been banked off of yesterday’s ideas:

Under Armour Inc. UAA $19-20 Calls
$19 – 2.69-4.20 (+56%)
$19.50 – 2.65-3.82 (+44%)
$20 – 1.75-3.25 (+85%)

Take-Two Interactive Software, Inc. TTWO $122-125 Calls
$122 – 4.00-5.60 (+40%)
$123 – 2.49-5.70 (+129%)
$124 – 2.50-4.20 (+68%)
$125 – 2.50-4.00 (+60%)
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Fresh Options Ideas: 

FB Weekly $150-155 Calls
EBAY $28.50-30 Calls
GM Weekly $35-37 Calls
SPY Weekly $269.50-271.50 Calls

Extended Watchlist: 
PVH, TNXP, CRON, CGC, CRC, SMI, RIOT, YNDX

Blue Horseshoe Stocks: Form-4 Plays & More

SPDRA S&P 500 ETF (SPY) – Recap

Our first order of business this morning is to share the performance of the options we alerted on in Friday morning’s report. Those targets were the SPY Weekly $290-291.50 Calls, and they produced some very nice single session gain opportunities for ourselves and our readers.

We have typically been very good playing the SPY in the past, and this time was no different, The gains that were on the table were as follows:

$290 Calls – Range: .34-1.04 – Max Gain: 206%
$290.50 Calls – Range: .12-.58 – Max Gain: 383%
$291 Calls – Range: .20-.46 – Max Gain: 130%
$291.50 Calls – Range: .08-.19 – Max Gain: 138%


Francesca Holdings Corp. FRAN
& Amicus Therapeutics, Inc. FOLD

This morning we noticed that FRAN is exhibiting a number of traits that we normally keep a lookout for. The stock is coming off of a bottom with a large gap on the chart, and on Friday, the CEO filed a Form-4 for the purchase of 10,000 shares near the stock’s lows.

This is often a sign of high internal confidence in the stock’s ability to rebound, so we’re going to place FRAN on recovery watch in the days and weeks ahead.
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FOLD is another play which also currently boasts a bottom setup, with a significant amount of insider buying taking place on Thursday at its lows. We’ll definitely want to keep this one on watch as well.

Extended Watchlist:
ACBFF, TLRY, CGC, TPIV, SNES, NSPR

Blue Horseshoe Stocks: BABA Options & More

Alibaba Group Holding Ltd BABA – Options

To kick off this brand new trading week, we are interested in tracking a range of calls in the BABA chain, after shares dipped on the news that co-Founder Jack Ma will be stepping down and handing full control over to the CEO effect next year.

The reactionary selloff may provide us with some solid options trading chances, so we are going to keep an eye on the BABA 10/12 $165 & 167.50 Calls in the days and weeks ahead.

OPKO Health Inc. OPK

Shares of OPK took a bath on Friday, briefly falling below the stock’s 200DMA, and closing well in the red on the day. We’re going to signal our interest in tracking OPK as a bottom-watch play.

The stock is approaching extremely oversold territory, and in the midst of its downturn we observed some Form-4 submissions, with insiders buying up shares on Friday as the bottom fell out.

That suggests a confidence that it may not have much further to fall, so we will want to hang around as OPK searches for a bottom and solid rebound point.


Extended Watchlist:
TAHO, ECYT, TLRY, CGC, AKER, CLDR, FRED, IGC