Blue Horseshoe Stocks: DAL Options Idea

Delta Airlines, Inc. DAL

To start things off this morning, we’re immediately drawn to the most recognizable name on the premarket earnings calendar for the day. Delta has been beaten back over the past few weeks, to the point of approaching heavily oversold territory, especially as the PPS fell below the 50DMA for the first time since the second week of February.  When that did occur, the stock launched into a month-long bullish pattern. All of this is plainly evident on the chart snapshot below.

With this morning’s beat on earnings as a catalyst, we’ll look for a similar pattern to emerge this time around, and begin tracking the DAL 04/13 51.50-53 Calls.


Extended Watchlist:
RESN, DCIX, CBI, MDR, CHFS, OSTK, RIOT, EYEG, AKER

Blue Horseshoe Stocks: HOME Recap & More

Alibaba Group Holding Ltd. BABA – Options Idea

We’d like to start things off this morning by taking a look at BABA, which recently has formed a strong double-bottom setup on the chart. The stock is gapping up in premarket trading today, currently in the mid-$170′s and we’d like to formulate an extended term options idea to track over the next few weeks for an overdue recovery.

We’re going to zero in on the BABA 05/04 $180-187.50 Calls, which will give us plenty of time for the stock to realize the kind of gains that look very possible from a technical standpoint at this juncture.


At Home Group, Inc. HOME – Update

On the morning of March 23rd, we had selected a longer-term idea for the HOME options chain, and we wanted to take a look at the moves it has made in the three and a half weeks since that time.

Our target set of contracts was the HOME 04/20 $30 Calls, and with the stock surging to nearly $35 this week, those calls have been pushed well into the money and produced a heck of a gain opportunity. From the low shortly after our initial alert to a new high reach yesterday, we’ve seen a run from 1.31-5.50, which represents a chance at profits of up to 320%


Extended Watchlist:
ATRA, DQ, CHFS, RSLS, NVCN, HEAR

Blue Horseshoe Stocks: SPY, CHFS & More

SPDR S&P 500 ETF (SPY)

We want to start things off today by looking to take advantage of the big rebound in the markets yesterday. When we want to play the markets as a whole, we generally look to the SPY options chain, and that’s what we’re going to do today as well.

We are seeing a significant gap up this morning, and are going to be looking for a classic dip-and-rip scenario due to profit taking. Our targets are going to be the SPY Weekly $264-266 Calls provided that support can hold above this morning’s premarket low of 263.56 on any pullbacks in order to remain interested.



CHF Solutions Inc. CHFS

We also want to highlight CHFS this morning as a possible bottom play. The stock is gapping up in the premarket past its 50DMA, and there is a massive gap on the chart to the upside from just under $5 to just under $8.

We’re going to put CHFS, which prior to today had already been approaching heavily oversold territory, on watch over the next few sessions for the possibility of a more sustained rebound.


Cronos Group, Inc. CRON

We’re getting a strong bottom bouncer signal from CRON as well this morning, and we wanted to highlight this chart also.

CRON is currently exhibiting most of the things we look for in a bottom play, and we’re excited to see where it could go in the near term, as it looks like there could be some serious upside here.


Extended Watchlist:
FNSR, INNT, SPOT, TOPS, FNJN, GMS, NETI, AYTU

Blue Horseshoe Stocks: INTC Recap & More

Intel Corp. INTC

On Friday morning, we saw serious potential in the INTC options chain following the company’s earning beat. They posted solid figures, but some were concerned over the possible security flaws prsent in the company’s new chips. Those fears were shrugged off with ease, as the stock took off for what ultimately turned out to be an exceptionally bullish session.

The move INTC made allowed for the chance at some really nice intraday profits in each of the three contracts we designated in Friday morning’s report, the INTC Weekly $47.50-48.50 Calls.

$47.50 Calls – Range: .75-2.50 – Max Gain: 233%
$48 Calls – Range: .43-1.99 – Max Gain: 362%
$48.50 Calls – Range: .25-1.50 – Max Gain: 500%


Ballard Power Systems, Inc. BLDP – Bottom-Watch

We’re always looking for a good bottom play, and one may be getting ready to present itself in the near future on BLDP. We want to place the stock on intensive bottom-watch in coming sessions, after it appears that BLDP has been the target of manipulative short-seller tactics, including a very likely erroneous class action ‘investigation’ and suit by multiple law firms. We see this type of thing all the time, and very seldom does anything come of such a situation.

What we do have is a stock that has been severely abused, beaten back to a previous multiple bottom of strong support. In a PR published today, the company has refuted the claims of its accusers, while adding that it expects to report record financials for fiscal 2017 presently. (>>View PR)

We’ll be sure to monitor BLDP for a bottom bounce which should be forthcoming at any time, and the subsequent rebound to follow, which could bring us a shot at considerable gains from current levels.

Side Note: We also want to radar Plug Power, Inc. PLUG, as it tends to trade very similarly to BLDP. We’ve traditionally looked at these plays in tandem, so we’ll keep watch over PLUG as well as it comes down to find its own bottom.


Extended Watchlist:
AVP, CHFS, IMNR, IGC, IOVA, MNKD, NCTY

Blue Horseshoe Stocks: XXII Update & More

22nd Century Group, Inc. XXII

It was back on November 7th that we highlighted a large group of cannabis stocks, and professed our unyielding interest in the space as a whole. XXII was among those that we specifically highlighted as promising pot stocks in that report, and despite it being more than 8 weeks later, the stock has continually bulled its ways to new highs ever since.

We wanted to swing back around this morning to outline the excellent run it has been on since November. Subsequent to our report on the 7th the stock saw an absolute bottom of 2.00 even before beginning its months-long ascent. Yesterday the stock reached yet another new high of 3.85, marking an overall upswing of 93%


Yield10 Bioscience, Inc. YTEN

Following a huge single session run in early December, YTEN was unable to hold onto any of the ground it had gained, and with the ‘help’ of a massive public offering, continued to descend until recently.

This week, the stock has begun to show signs of a bottom bounce, and we’re going to want to add it to the radar on a recovery watch. As you can see form the chart snapshot included below, there is a lot of room for a potential surge, including a gap to fill to the upside.


Extended Watchlist:
NVAX, RKDA, SDRL, CRBP, SQ, CHFS, NBEV, SIEN, CNET