Blue Horseshoe Stocks: Options Roundup

Options Round-Up

We had good fortune with yesterday’s options calls (see WGO below), and with a trio of big name earnings reports out either yesterday post-market or this morning, we figured we’d triple-down on some more fresh options ideas!

The Kroger Co. KR Weekly $28-29.50 Calls

Darden Restaurants Inc. DRI 07/20 $100-115 Calls

Micron Technology, Inc. MU Weekly $61-62.50 Calls

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Winnebago Industries, Inc. WGO - Options Recap

We took notice of Winnebago’s impressive earnings beat yesterday morning and promptly formulated a range of options ideas to try to take advantage of the situation.

We’ll selected the WGO Weekly $43-46 Calls to put on watch, and each of the four contracts in that range turned out to be a solid intraday mover. The following are the total possible gains which could have been banked off of these ideas on the day:

$53 Calls – Range: 2.29-4.30 – Max Gain: 88%
$54 Calls – Range: 2.00-3.60 – Max Gain: 80%
$55 Calls – Range: 1.50-3.00 – Max Gain: 100%
$60 Calls – Range: 1.18-2.40 – Max Gain: 103%


Extended Watchlist:
CRMD, RIOT, ARQL, TEO, WEB, YTEN, SAGD

Blue Horseshoe Stocks: FIVE Recap & More

Five Below, Inc. FIVE – Options Recap

The fresh options idea we included in yesterday morning’s premarket report, the FIVE Weekly $90-95 Calls, was related to the company’s Q1 earnings report and strong guidance.

Unsurprisingly, those ideas provided us with solid chances for intraday profits as the stock ran from the $95 to the $100 range on the day. Be aware that despite the odd increments, the following are all of the contracts contained within our listed range. The moves they made were as follows:

$90 Calls – Range: 6.50-10.70 – Max Gain: 65%
$91 Calls – Range: 6.00-8.65 – Max Gain: 44%
$95 Calls – Range: 2.85-6.00 – Max Gain: 111%
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Another Fresh Idea:
Jack in the Box JACK 07/20 $80-90 Calls


Axovant Sciences, Inc. AXON

This will be third consecutive day we’ve had to mention AXON, which we initially tagged on Wednesday morning following a large group of Form-4 buy on Tuesday. This insiders were obviously pre-informed about the news of an $840M+ licensing deal for AXON’s Parkinson’s gene therapy that would be released the following day.

Our sleuthing gave us a leg-up and our call was timed with precision. We observed a low of 3.27 on Tuesday and yesterday the stock saw a high of 6.59, which represents an excellent three-day swing of 102%


Extended Watchlist:
PAVM, CRMD, CEPU, CRMD, SDRL, HMNY

Blue Horseshoe Stocks: TNTR Recap & More

Tintri, Inc. TNTR

Our bottom call of TNTR yesterday morning to kick off the short week could not have been more perfectly timed. For more than two months the stock had been crushed down ever lower, reaching a new 52-week low once again on Friday.

We noted a significant swell in the amount of short interest in the stock, and now it appears as if the squeeze is on- the bottom bounce we said we’d be watching closely for happened right on cue and it was no small move. The stock saw its low at .36 and subsequently ran to .71, marking an intraday rip of 97%

We’re going to want to watch out for a more sustained recovery, and look to TNTR to establish higher lows over the coming sessions.


Dicks Sporting Goods, Inc. DKS

Dicks posted its quarterly report, and took off like a rocket in the premarket today, shooting up over 20% on a hefty earnings neat and raised guidance going forward.

We’re always in the mood to take advantage of a rapid spike in price action and volatility. We like to use options to leverage the activity to our benefit, and in this particular case, we are going to want to cast a wide net and keep a close eye on the DKS Weekly $35-40 Calls.
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Added Idea:
HP, Inc. HPQ Weekly $21-22 Calls


Extended Watchlist:
CODX, CRMD, NAK, CRM, OGEN, TXMD, UPL, BGI

Blue Horseshoe Stocks: Bottom-Plays & More


Big Board Bottom Plays

Ra Pharmaceuticals, Inc. RARX – The first of a pair of NASDAQ-listed stocks with nice chart setups, RARX has actually been building a solid recovery trend off of its bottom since last week. A couple of Form-4 filings around the same time show two huge $15M blocks purchase by two separate insiders at the stock’s lows.

Meanwhile, there’s still a fair bit of ground to recover from what it has lost in the past ten weeks or so. RARX flirted with its 50DMA yesterday, so we’ll be looking for a break past that point, with indicators on the chart suggesting a fair chance of that happening.


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Liberty Tax, Inc. TAX – We’ve also noted the recent bludgeoning of TAX, which has been in a general downtrend for the better part of five months. In this case, we haven’t reached bottom-bouncer status yet, but more of a bottom-watch. At present, the stock is now heavily oversold, on the heels of the dismissal of its CEO.

With tax season upon us, this is the time of year that we’d expect companies such as TAX to do their highest volume of business, so now seems as good a time as any to track this play for a bottom-bounce.



Advance Auto Parts, Inc. AAP

The last time we talked about AAP was a few months back, and we managed to find some nice gain opportunities within the AAP options chain following the company’s strong quarterly report.

AAP reported quarterly earnings once again this morning, and we thought we’d take another crack at it, by signaling the AAP 03/16 $105-115 Calls for observation.



Extended Watchlist:
NETE, CVRS, LPSN, EQT, KL, CRMD

Incoming search terms:

  • F8MN

Blue Horseshoe Stocks: Continued Options Success

Twitter, Inc. TWTR – Options Recap

Our first order of business in today’s options-heavy report is to go over the second straight session of excellent intraday runs TWTR Weekly $15-16 Calls which we designated as targets in Wednesday morning’s premarket report.

This midweek, Twitter had posted losses that were less than expected in conjunction with rising user numbers. It has provided us with some really good opportunities, which were as follows:

$15 Calls – Range: .84-1.61 – Max Gain: 92%
$15.50 Calls – Range: .39-1.10 – Max Gain: 151%
$16 Calls – Range: .13-.63 – Max Gain: 384%

At this point these contracts owe us nothing. Granted that these are weeklies and it’s Friday, coupled with the fact that the stock has rushed into heavily overbought territory in just a short time, we’re fine moving on to the next thing which we’ll get to in a moment.


United Parcel Service, Inc. UPS

First we want to go over our UPS options idea that we formulated fresh for yesterday’s premarket report. This was another earnings-related idea, as a great deal of our options calls tend to be, and it worked like an absolute charm.

We signaled the UPS 05/05 $108-111 Calls and every single contract in that range produced chances for spectacular multi-bag gains on the day, with the $111′s stealing the show on a seven-bagger!

$108 Calls – Range: .48-1.70 – Max Gain: 254%
$109 Calls – Range: .23-.99 – Max Gain: 330%
$110 Calls – Range: .21-.52 – Max Gain: 148%
$111 Calls – Range: .04-.33 – Max Gain: 725%

These plays, we can leave on our radars as they don’t expire until the end of next week. If UPS manages to convincingly crack through the 200DMA at 109.00, things could get very interesting.


Western Digital Corp. WDC – Fresh Idea

As for the play that’s catching our attention on this morning’s scan, we’ve got yet another post-earnings target with WDC. The stock has been trading in an upward channel for the better part of a year now, and the company just put out a solid beat for Q3 while issuing a bolstered Q4 outlook.

We’ll try to take advantage of the commotion it’s causing on the chart with the WDC Weekly $90-92.50 Calls, but please remember the warning we always give in these situations: Never attempt to trade weekly options on a Friday unless you are a highly experienced trader- it’s an exceedingly risky proposition.


Extended Watchlist:
AMLH, JAGX, CEI, TNGO, ELTP, CRMD, ALIM