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: YGYI Update & More

Youngevity International Inc. YGYI

We began tracking YGYI the Thursday before last, on the 4th, and subsequently witnessed a low of 6.00 before the stock began to ascend sharply.

On Friday, despite already having produced significant gain opportunities for us, the YGYI once again made an impressive move, streaking to a new high of 14.40. That works out to an overall move of 140% accompanied by some of the highest volume sessions in the history of the stock.  As YGYI streaks to seven year highs and into the blue sky, we’ll continue to keep tabs on its activity.


Canadian Cannabis Legalization Finally Arrives

We have been proponents of the Canadian cannabis sector for quite a long time, and we have finally reached the moment we’ve been waiting for- the nationwide legalization of recreational marijuana. Originally slated for July, the delays will now finally come to an end, which means the fun is just getting started. Wednesday is the big day.

Here is a list of Canadian cannabis stocks that we’ve tracked in the past to watch in the midst of this very exciting, key moment in Canada’s history, and indeed the history of cannabis itself:

ACBFF, APHQF, ATTBF, CRON, GLDFF, GLNNF, ISOLF, NXTTF, MRRCF, SPRWF, & TWMJF


Extended Watchlist: 
ARNC, LEVB, LLL, HRS, TKC, INO, EARS, CEI, RIOT, MNGA

Blue Horseshoe Stocks: CGC Review & More

Canopy Growth Corp. CGC

We are incredibly proud of our alert on CGC a few weeks ago. The company had just seen its large investor, beverage behemoth Constellation Brands (STZ) had increased its stake Canopy by more than $4B.

This was a key factor in our formulation of the idea to track the CGC 09/21 $30-40 Calls, which we presented to our readers on the morning of August 15th. At the time, CGC stock was trading at a low of 29.05. The bull run which followed has been an absolute thing of beauty. This morning in the premarket, CGC stock has traded for as much as 57.05, marking a rise of 96% in a matter of three weeks.

That incredible move up has facilitated some unbelievably large gains in our designated call contracts. Their overall ranges and possible gains over that time span are as follows:

$30 Calls – Range: 1.76-21.82 – Max Gain: 1140%
$35 Calls – Range: .56-17.30 – Max Gain: 2989%
$40 Calls – Range: .16-12.30 – Max Gain: 7587%

Fun Fact: The purchase of ONE contract for $16 at the $40 strike point on the day of our initial alert, would have been worth $1214 at its highs this morning!  Cheers to anyone who has gotten even a piece of that action!
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Added Note: Canopy Growth is of course a cannabis related stock, so while we’re on the subject, here’s watchlist of lower priced pot plays to also watch as we head into autumn, traditionally one of the best times of year for the cannabis sector as a whole.

NXTTF, MYMMF, APHQF, RVVTF, TBPMF, SPRWF, INSY, CRON


Extended Watchlist:
NBEV, VCEL, SNES, CHFS, CDNA, VRA

Blue Horseshoe Stocks: LULU Recap & More

Lululemon Athletica LULU – Recap

If you have been following our newsletters for any significant period of time, you know that we’ve been hitting home runs left and right in the options trading arena. We offered up a range of contracts in the LULU chain to watch on Friday on the heels of the company’s earnings drop, the LULU Weekly $149-152.50 Calls.

Unsurprisingly, we saw some very nice activity out of those plays to close out what had already been another successful week for options.

$149 Calls – Range: 5.35-10.70 – Max Gain: 100%
$150 Calls – Range: 5.00-10.75 – Max Gain: 115%
$152.50  Calls – Range: 2.95-7.30– Max Gain: 147%
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Another very notable move from the plays we were watching last week came from the SPY $290 Calls which experienced a significant dip and rip, trading as low as .06 before closing at .65, an intraday rise of 983%


Extended Watchlist:
RIOT, SPPI, NBEV, ALT, RIGL, TLRY, CRON

Blue Horseshoe Stocks: HPE, AEO Earnings Ideas & More

DSW, Inc. DSW – Recap

Among our fresh options trading ideas from yesterday morning were the DSW 09/21 $30 & $35 Calls. We noticed the company reported strong quarterly figures, and took advantage.

There were two separate intraday opportunities to be had in the $30 Calls, which first went from 3.00-4.30 (+43%), pulled back, and made another similar move from 2.25-3.30 (+46%). The $35 Calls fared the best, producing a chance at gains of up to 138% as they ran from .40-.95.
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More Fresh Options Ideas:
Hewlett Packard Enterprise Co. HPE Weekly $16.50 & $17 Calls
American Eagle Outfitters Inc. AEO Weekly $28-26.50 Puts



CEL-SCI Corp. CVM

We also wanted to quickly make mention of CVM, which we tagged for observation one week ago today. The stock has since produced a notable bullish push. Its low of 1.36 gave way to a new high of 2.46 yesterday, marking a one week upswing of 81%

The move filled the majority of the large gap on the chart, but not quite completely, so we’ll leave the stock on our radar to see if it can continue its recent uptrend.


Extended Watchlist:
TLRY, CGC, CRON, IGC, WRPT, AMPE