Blue Horseshoe Stocks: MIK Options & More

SPDR S&P500 ETF (SPY) – Recap

We went bullish on the SPY in our premarket report yesterday, and thanks to two distinct intraday pushes for the markets, there were opportunities across the board for our highlighted contracts throughout the session.

Those targets were the daily SPY 03/18 $281-282 Calls, and we saw significant moves from all three. The $281.50 Calls traded in a range from .34-1.06 for an overall upswing of 212% while the $282′s traded up from .15 to .58, a gain of 287% (We mistakenly lost exact data for the $281 calls, but the gain opportunities were very similar to those of the other two strike points.) 


The Michaels Companies, Inc. MIK

We also want to signal a set of contracts on MIK, which was the one listing on this morning’s earnings calendar that jumped out to us the most. Michaels posted an earnings beat, but also happens to be trading near its annual lows.

We’re going to approach this like we would any other play with bottom-bouncer written all over it, by signaling some longer-term calls to give ourselves some extra time to see the recovery play out. We’re going to radar the MIK 04/18 $12.50 Calls and monitor their activity in the days and weeks ahead.
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Bonus Idea:
STNE 04/18 $37.50-39 Calls


Extended Watchlist:
FPAY, CPST, INSY, TROX, CPST, NCTY, SDRL, CREG, LGCY, AKER, PIR

Blue Horseshoe Stocks: Reviewing Recent Winners

STOCK RECAPS

Much of our focus gets devoted to options ideas these days, as they represent the greatest chance for large short term gains for traders. However, we still scan every day for stocks, and we wanted to begin this new trading week by highlighting a few of our recent picks that have met or exceeded our expectations.

Bio-Path Holdings, Inc. BPTH – Beginning with the least recent, roughly five weeks ago on January 23rd, BPTH was a stock we tagged as a bottom-watch play. The stock essentially traded sideways for the next month, only making nominal gains. That is until the latter half of last week, when it began to heat up on Thursday, and subsequently explode on Friday, performing beautifully on the day. The stock logged the number one gain on the entire NASDAQ, as it traded up from a low of 2.65 before reaching a high of 8.84.

That works out to a mind-melting 234% single-session rise on massive volume, which is extremely uncommon for big board plays. Cheers to anyone who caught a ride on this shooting star!
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Lexicon Pharma, Inc. LXRX – Appearing in Friday morning’s report was LXRX, which certainly didn’t see the level of activity as the previously mentioned play, but still posted positive figures on the day. From a low of 5.55, the stock rose as high as 7.07, marking a comparatively small but respectable intraday increase of 27%
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China Internet Nationwide Financial Services, Inc. CIFS – Also included in Friday’s report was CIFS, which also had a reasonably strong session following our alert. The low came in at 2.30 before the stock surged into the close at its high of day of 3.25. That represents a solid intraday gain of 41% We’ll also want to see if the stock can carry some of that momentum at the close, over to this fresh trading week.


Funko, Inc. FNKO – Options Review

We also signaled our interest in the FNKO 03/15 $22.50 & 25 Calls on Friday, and we got solid performances out of those contracts. The $22.50 Calls ran from .28-.70 for a gain of 150%
while the $25 also recorded a 150% pop from .10-.25.
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Fresh Options Ideas:
SPY 03/04 $280.50-282 Calls*

*Never trade options on their day of expiration unless you are a highly experienced trader with access to disposable funds!


Extended Watchlist:
MYOK, OPHT, NK, CPST, SLS, TRHC, RKDA, MBOT, FTNW, FCEL

Blue Horseshoe Stocks: SPY Puts & More

SPDR S&P500 ETF (SPY) – Options Idea

We came up really big with some SPY options ideas just prior to the New Year break, and will look to continue that pattern today. The markets look to be gearing toward another slumping session, so we’re inclined to signal a range of of bearish ideas to correspond with the fund’s current activity.

We’re going to select the SPY 01/02 $248-245 Puts* for observation today, with the possibility of some considerable gain opportunities that would come our way with a bearish correction to last week’s bullish push.

Please note that these expire at the end of the day, and should thus be treated as Weekly options on a Friday. As we always mention in these instances: *Please do not attempt to trade options on the day they expire unless you’re a seasoned veteran trader with money to burn. While the potential rewards are great from this type of trading, the risk is equally grave.


Western Asset Mortgage Capital Corp.  WMC

We want to put WMC on watch as a Form-4 bottom play, after noticing that the CFO picked up a multi-million dollar block of shares toward the end of last week, just as the stock has been coming down to new 52-week lows.

We will put it on our radar and be looking for it to establish itself as a recovery play as we kick off this new trading year.


Extended Watchlist:
GNCA, EBR, AKER, WMC, PLUG, NDRA, FCEL, CPST, CCCL

Blue Horseshoe Stocks: TSLA, GOOS

Tesla, Inc. TSLA
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When we left off with TSLA on Wednesday after seeing double bag moves in the calls we had tagged the previous day, we stated that we had “reason to believe that we may see some further opportunities in these ideas before the week is out.”.
Those calls were the TSLA Weekly 337.50-347.50 Calls and our assumption that they would provide another wave of gain opportunities proved to be completely accurate. We did in fact get a bigger round of gains which we’ve listed below. These ranges represent a two-day swing from Wednesday’s lows to yesterday’s highs:

$337.50 Calls – Range: 7.50-21.20 – Max Gain: 183%
$340 Calls – Range: 6.07-18.70 – Max Gain: 208%
$342.50 Calls – Range: 4.90-15.98 – Max Gain: 226%
$345 Calls – Range: 4.00-13.78 – Max Gain: 245%
$347.50 Calls – Range: 3.20-11.48 – Max Gain: 259%


Canada Goose Holdings Inc GOOS – Fresh Idea

Despite already being at its annual highs, GOOS is running like scalded dog this morning in the wake of its quarterly earnings report.

We’ve always got our eyes on the earnings calendar to look out for opportunities such as this, to take quick advantage of a rapid rise in volatility. We’re going to slate the GOOS Weekly $50-60 Calls* for observation, which could provide us with a few chances for gains to close out the week.

*Never trade weekly options on a Friday unless you are an expert trader with disposable funds!


Extended Watchlist:
BAK, TXMD, MTNB, CPST

Blue Horseshoe Stocks: DAL, CPST Recaps & More

Delta Airlines, Inc. DAL

We picked up on Delta’s premarket earnings beat yesterday, and took the opportunity to formulate a set of options ideas to correspond with the activity, and it’s a good thing we did.

We highlighted and began tracking the DAL 04/13 51.50-53 Calls, and unsurprisingly, every single contract within our designated range made solid moves on the day.

$51.50 Calls – Range: .92-2.13  – Max Gain: 132%
$52 Calls – Range: .66-1.70 – Max Gain: 158%
$52.50 Calls – Range: .41-1.25 – Max Gain: 205%
$53 Calls – Range: .15-.68 – Max Gain: 353%

Not only did we already bear witness to these excellent gain opportunities, but it looks as if these figures might be extended even further today as we close out another trading week, so we’ll really want to continue to keep an eye peeled. We’ll also roll up to include the $53.50 Calls on our watchlist.

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Fresh Options Idea:
SPDR S&P 500 (SPY) $266.50-268 Calls


Capstone Turbine Corp. CPST

We were just commenting the other morning on how so many of our stock selections so far in 2018 have gone on to mount very steady bull runs, and CPST is another shining example of just that.

We initially flagged the stock for observation a month ago, on March 12th, and the stock has been in a continual uptrend since then, so we wanted to take this chance to update our readers on its progress. From our observed low of .934, CPST has rocketed up to a new high of 1.85, marking a one month move of 98%


Extended Watchlist:
CCIH, GFI, NETE, PXLW, AMPE,