Tag: CTRV

Blue Horseshoe Stocks: Big Move Options

OPTIONS RECAP

As we very often do, we put forth some fresh options trading ideas for our report yesterday morning, and experienced good fortune with those as the session played out. Our ideas for both Dominos Pizza and eBay each panned out quite nicely, giving traders a solid chance at some serious multi-bag profits on the day.

Dominos Pizza, Inc. DPZ 05/17 $290-300 Calls
$290 Calls – Range: 6.43-16.75 – Max Gain: 160%
$300 Calls – Range: 3.22-10.05 – Max Gain: 212%

Ebay, Inc. EBAY Weekly $37.50-38.50 Calls
$37.50 Calls – Range: .61-1.30  – Max Gain: 113%
$386 Calls – Range: .33-.95 – Max Gain: 188%
$38.50 Calls – Range: .18-.59  – Max Gain: 212%
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FRESH OPTIONS IDEAS:
Facebook, Inc. FB Weekly $195-200 Calls
Microsoft Corp. MSFT Weekly $129-132 Calls
ServiceNow, Inc. NOW Weekly $255-257.50 Calls

Midatech Pharma plc MTP

Following its inclusion in our extended watchlist yesterday morning, MTP made a solid intraday run that we wanted to recap this morning. The stock traded in a range from a low of  2.95 on up to 3.86. That was good for total possible intraday gains of up to 31%

We’ll continue to keep an eye peeled for further gains on MTP, which recently surged to more than $10 just last month. The potential for the kind of extreme volatility we look for is certainly there.

Extended Watchlist:
ARCI, RWLK, LAZ, CTRV

Blue Horseshoe Stocks: HEAR Review & More

Turtle Beach Corp. HEAR – Review

Our primary focus has always been to find near-term trading opportunities first, assigning longer-term calls a secondary priority. However, we’ve had quite a bit of good fortune this year in identifying stocks that have gone on to have considerable extended runs.

HEAR is one such stock, that we first signaled for observation on April 9th, at which time the stock was trading for as little as 2.76. Over the ensuing nine weeks, we have seen an incredible, near-continuous bull run that has resulted in new highs of 23.20 yesterday. That works out to an increase of 740% over a span of a little over two months!

Being in blue skies, there’s no telling what new highs we might see in HEAR; it’s certainly plausible to believe we may see our total observed gain reach a thousand percent at some point in the near future. At the rate things have been going, it’s certainly not an unreasonable thought.

H&R Block, Inc. HRB – Fresh Idea

We also want to provide a quick update on our bearish options idea from yesterday’s premarket report, the HRB Weekly $26-24 Puts. We formulated this range after noticing the stock getting kicked hard despite posting an earnings beat in the post-market on Tuesday.

HRB did gap down a little too far for the $26’s to see much action, but we had respectable chances to profit off of the other two contracts in the range. The $25 Puts ran from .65-1.05 for a gain of 62%, while the $24’s put up a double-bag performance with a 133% rip from .15-.35.

Galectin Therapeutics, Inc. GALT

We tagged GALT on Tuesday morning after noticing a big surge in activity, and its run has continued nicely over the course of the week.

We’ve now observed a solid 37% bullish move from 5.83-8.00, and will be on the lookout for the possibility of more new highs.

Extended Watchlist:
ENPH, CTRV, CODX, FCEL, ETSY, ONTX, MYSZ

Blue Horseshoe Stocks: Options Ideas & More

SPDR S&P 500 ETF (SPY)

As you are probably aware the SPY (the markets as a whole) had been on a historic run starting in early 2016 which persisted through January of this year, when we experienced some of the biggest selloffs in market history. The SPY began to rebound earlier this month, and was making a pretty good run at a recovery until yesterday brought another significant backslide.

Despite yesterday’s hiccup, the SPY has been in a general uptrend for the last couple of weeks, and today, it looks like we could resume the path toward ascension. We’ll be ;looking for the markets to go green today, which could produce some notable opportunities in the SPY 02/28 $275-276 Calls*.

*Please note that these contracts expire today, thus the associated risk is that of trading weekly options on a Friday. It should never be attempted unless you are an expert level trader with disposable funds.

The TJX Companies, inc. TJX

TJX is exhibiting a considerable surge in premarket trading today. Despite missing EPS estimates in their Q4 earnings call, the stock is gapping up to the tune of 8% this morning.

When we see a monster gapper like this, we generally look to signal a range of options calls that will come into play in a dip-and-rip scenario, which are quite common in instances such as these. We will be tracking the TJX 03/16 $80-85 Calls.

Extended Watchlist:
ECYT, ENPH, CTRV, GLNG, NIHD, VEEV