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: Options Mania!

Canopy Growth Corp. CGC

We’re returning to CGC to update on new highs for the third straight trading day this morning. Originally put out on Wednesday morning, we have been tracking the CGC 09/21 $30-40 Calls to some fantastic gains ever since.

As of yesterday morning, our overall observed gains on those three contracts were 338%, 596%, and 994% respectively. Following another big day, those figures have been extended by an impressive margin once again. 

$30 Calls – Range: 1.76-10.30 – Max Gain: 485%
$35 Calls – Range: .56-6.00 – Max Gain: 971%
$40 Calls – Range: .16-3.20 – Max Gain: 1900%

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The TJX Companies, Inc. TJX

Fresh for yesterday morning, we cited the TJX 09/21 $105 & 110 Calls as an interesting pair of contracts, and those got off to a decent start. The $105’s  traded up from 2.15-3.20 for a gain of 49% and the $110’s went from .50-.80, for an intraday move of 60%
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Fresh Ideas:
URBN Weekly $48.50-50 Calls
TGT Weekly $87.50-89 Calls


Extended Watchlist:
EYES, CVM, GPOR, NOG, DOMO, AMPE, CRC, PINC, GE

Blue Horseshoe Stocks: More Big Options Calls

Options Review

Once again we were able to score some good quick-strike options trading opportunities with the fresh ideas included with yesterday morning’s premarket report. It continued an extremely solid run of options ideas this week.

In three separate options chains, we selected a total of 12 options contracts to monitor, and solid chances for significant intraday gains were produced by 10 of those:

The Kroger Co. KR Weekly $28-29.50 Calls
$28 Calls
– Range: .41-1.04 – Max Gain: 154%
$28.50 Calls – Range: 21-.68 – Max Gain: 224%
$29 Calls – Range: .08-.41 – Max Gain: 413%

Darden Restaurants Inc. DRI 07/20 $100-115 Calls
$100 Calls
– Range: 3.00-8.20 – Max Gain: 173%
$105 Calls – Range: .90-4.10 – Max Gain: 355%
$110 Calls – Range: .30-1.50 – Max Gain: 400%
$115 Calls – Range: .05-.45 – Max Gain: 900%

Micron Technology, Inc. MU Weekly $61-62.50 Calls
$61 Calls – Range: .22-.57 – Max Gain: 159%
$61.50 Calls – Range: .17-.37 – Max Gain: 118%
$62 Calls – Range: .10-.24 – Max Gain: 140%
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More Fresh Ideas

We had an excellent day with yesterday’s fresh trio of options ideas*, so why not formulate another three to close out what has been a fantastic trading week. 

SPDRA S&P 500 ETF (SPY) Weekly $274-275.50 Calls*

BlackBerry Ltd. BB Weekly $11-12 Calls*

CarMax, Inc. KMX Weekly $75-78 Calls*

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


Extended Watchlist:
FCEL, FTI, INPX, TS, TNTR, BPMX, CRC, OAS