CPST | Blue Horseshoe Stocks

Blue Horseshoe Stocks: CPST Recap & More

SPDR S&P 500 ETF (SPY) – Recap

We were looking to take advantage of the rebounding markets yesterday morning with some SPY calls, and it turned out to be a solid idea for the day.

We told readers to look out for a classic dip-and-rip scenario, which did ultimately come to fruition. We designated the SPY Weekly $264-266 Calls as our targets and saw notable intraday moves out of each and every one.

$264 Calls – Range: 1.83-3.09 – Max Gain: 69%
$264.50 Calls – Range: 1.62-2.72 – Max Gain: 68%
$265 Calls – Range: 1.28-2.37 – Max Gain: 85%
$265.50 Calls – Range: 1.05-2.00 – Max Gain: 90%
$266 Calls – Range: .83-1.70 – Max Gain: 105%
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Fresh Options Idea:
Pricesmart, Inc. PSMT 04/20 $80 & $85 Calls

Capstone Turbine Corp. CPST

We’d like to wrap things up this week by coming back to CPST to highlight the excellent performance of the stock since our alert on the morning of March 12th.

In the three weeks since then, CPST has been on a near-continual run up the chart, even as the markets ran into some trouble earlier this week. From its low of .934 subsequent to our alert, to yesterday’s high of 1.53, the stock has produced a move of 64% Volume also picked up drastically yesterday, leaving us anxious to see where the current surge of momentum will take CPST.

Extended Watchlist:
CRSP, SPI, OPTT, RIGL

Blue Horseshoe Stocks: MULE is Kicking & More

MuleSoft, Inc. MULE

We try to include mentions of all sorts of stocks from nano-caps all the way up to the big boards, and there can be no doubt we’ve found success with plays across the entire spectrum. Generally, when we catch a stock for a large gain over a short time period, it trades for pennies a share or less. However MULE is yet another example of a higher priced stock that we recently put on our radar, making a series of big jumps in just over a month.

When we initially tagged this play back on February 16th, it was trading as low as 28.51. After a very bullish month was followed up by another big spike this week, MULE has kicked its way all the way up to 42.40, an impressive increase of 49%

The move was catalyzed by yesterday’s announcement that the company would be acquired in full by Salesforce. Generally you don’t get a sustained push from a buyout, so we wouldn’t be surprised if the stock didn’t go much higher, but we’ll keep an eye peeled just in case.

Aytu BioScience, Inc. AYTU

We’re going to place AYTU on watch this morning as a potential bottom bounce play. The stock produced abnormally high volume yesterday along with a marginal spike in PPS.

As you can see on the chart below, AYTU saw a precipitous decline in February, and has been oversold all month long, yet still maintaining support in the low to mid .40’s. Indicators suggest the possibility of a recovery on the horizon, so we”ll go ahead and monitor the activity here in the days ahead.

Fresh Options Idea:

General Mills Inc. GIS – General Mills has been in trouble on the chart for quite some time, and despite it already being at 3-year lows, the stock is continuing to get crushed on the heels of a disappointing earnings report. Accordingly, we’re going to be tracking the GIS 04/20 $50-45 Puts.

Extended Watchlist:
AKAO, OHGI, CPST, PTI, CATB, TLGT, TEUM

Blue Horseshoe Stocks: More Options Success

SPDR S&P 500 ETF (SPY) – Options Recap

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Our options calls we made for the SPY on Friday morning were very good to us, and were an excellent way to close out what was ultimately a very successful trading week.

We put a flag up on the SPY Weekly $274.50-277 Calls after seeing the markets stabilize last midweek, following a couple of turbulent sessions as a result of Trump administrations newly announced tariffs. Things looked ripe for a rebound on Friday and that’s just what we got, with the SPY turning in a bullish performance from start to finish.

There were six sets of contracts contained in our designated range, and regardless of which strike price was chosen, intraday gains were on the table, ranging from very good to absolutely fantastic.

$272 Calls – Range: 1.30-4.31 – Max Gain: 232%
$272.50 Calls – Range: .80-3.90 – Max Gain: 387%
$273 Calls – Range: .68-3.25 – Max Gain: 378%
$273.50 Calls – Range: .46-2.90 – Max Gain: 530%
$273 Calls – Range: .26-2.45 – Max Gain: 842%
$273.50 Calls – Range: .10-1.90 – Max Gain: 1800%

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Burlington Stores, Inc. BURL – Speaking of multi-bag options winners, we slated the BURL 03/16 $120 & $125 Calls for observation on Thursday morning, and those finished out the week with stregth as well. The $120 Calls ran from 4.04-8.50, for an intraday rip of 110%, while the $125 nearly doubled that performance with a 212% run from 1.35-4.21.

Lumentum Holdings, Inc. LITE

We want to swing back around to recap the recent performance of LITE as well. Since our alert on the stock on February 7th, at which time the stock was trading for as little as 52.20/share, LITE has made considerable and steady upward progress.

On Friday it hit a new high of 69.25, marking a move of 33% in less than five weeks. That is quite a feat for a stock that started out above $50!

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Fresh Options Idea:

Valeant Pharma International, Inc. VRX -We’re going to formulate a short and longer-term options idea for VRX, which is looking like it could be ready for a bottom bounce. Last week, an insider buy to the tune of more than $108.8M came in as well, which just reinforces our assumption that for now the stock has gone as low as it’s going to go.

We’ll be looking at the VRX Weekly $15 & $15.50 Calls, as well as the 04/13 $16 & $16.50 Calls.

Extended Watchlist:
ADMS, AKER, CPST, KANG, MRTX, NPTN, ENRJ