Blue Horseshoe Stocks: CVS Update & More

CVS Health Corp. CVS - Recap

Included in yesterday morning’s premarket report, was an post earnings options idea for CVS. We were looking at the CVS Weekly $55.50-57 Calls following the company’s beat on Q2 earnings accompanied by raised guidance, and solid growth bolstered by the Aetna acquisition. The stock was also at a multiple-bottom area of the chart.

With the added help of an intraday market surge our targets enjoyed solid moves on the day.

$55.50 Calls – Range: 1.25-2.80 – Max Gain: 269%
$56 Calls – Range: .85-2.37 – Max Gain: 370%
$56.50 Calls – Range: .70-1.91  – Max Gain: 329%
$57 Calls – Range: .46-1.51 – Max Gain: 417%

We’ll look to roll up slightly and monitor the CVS Weekly $57.50-58 Calls for the remainder of the week.
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 More Fresh Ideas:
DISH Network Corp. DISH 09/13 $34-36 Calls
Advanced Micro Devices, Inc. AMD 08/16 $30.50-31.50 Calls
Uber, Inc. UBER Weekly $41-42.50 Calls 


Extended Watchist: 
MRO, AVLR, ET, DERM, TRGP, RLGY,

Blue Horseshoe Stocks: Perfectly-Timed Bottom Plays & More

Allakos, Inc. ALLK -  Recap

We began tracking ALLK on Monday morning, and formulated some options ideas ($45-60) which worked for us in Monday’s session, bringing in some nice gain opportunities. Then yesterday rolled around and we shared the huge news reported by the company in our premarket report along with the gains that our options ideas made.

The news on ALLK proved to be very influential on the activity of the stock, pushing it even further than Monday’s big surge had taken it. From the low that morning of 60.34, ALLK has run all the way up to a new high yesterday at 85.40, which marked a two-day upswing of 42%

While the lower end of our tracked options range was too deep in the money to see any real progress, the $60 Calls remained in play, and hit a high of 23.82. From our observed low of 6.75 on Monday, those contracts rose by a whopping 253%
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We also signaled interest in the Innovative Industrial Properties, Inc. IIPR 08/16 $100-105 Calls 
yesterday, and those got off to a modest, yet promising start. The $100′s traded in a range from 6.50-7.90 for a rise of 22%, while the $105′s ran 23% from 4.50-5.90. We’ll continue to monitor these ideas into their expiration next week.
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Fresh Ideas: 
CVS Weekly $55.50-57 Calls
SPY Weekly $286-285 Puts



Durect Corp DRRX


We also want to highlight the incredible performance that DRRX has had this summer to finish things up this morning. We tagged the stock for observation on May 28th, at which time we observed a low of .50, and it turned out to be a great nbottom call, as it hasn’t looked back since.

Slow and steady growth over the past two months has brought DRRX to a new high of 1.44 this week. That represents an overall increase of 188% in the time we’ve been observing this play.


Extended Watchist: 
MRNA, EVH, CPE, ENDP, AVGR, TVIX, APVO, ONVO

Blue Horseshoe Stocks: Weekly Wrap-Up

Pharma Options Recap

We cast a wide net yesterday with a trio of options ideas in the pharma space related to the reversal of the Trump administration’s position on drug rebate policy. The sector was bustling with activity in the premarket, and two out of our three ideas bore fruit.

Here were the total possible gains available to daytraders for the session:

Cigna Corp. CI $167.50-175 Calls 

$167.50 Calls – Range: 10.04-17.00 – Max Gain: 52%
$170 Calls – Range: 10.02-14.30 – Max Gain: 58%
$175 Calls – Range: 1.10-1.80 – Max Gain: 64%
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United Health Corp. UNH $250-255 Calls 

$250 Calls – Range: 2.48-11.09 – Max Gain: 52%
$252.50 Calls – Range: 2.50-8.70 – Max Gain: 58%
$255 Calls – Range: .99-6.20 – Max Gain: 70%

In addition to these plays, we’ll continue to keep an eye on the CVS Health Corp. CVS Weekly $57-58.50 Calls  through the end of the day.
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Fresh Idea:
SPDR S&P500 (ETF) SPY $299-300 Calls


Taronis Technologies, Inc. TRNX

On Monday morning, we highlighted TRNX as a prime bottom-bounce candidate, and we’d like to wrap up the week by going over the solid swings which we subsequently observed in the stock.

On Monday itself, our choice in timing on calling this play was affirmed as we saw a solid 52% run from  .25-.38. This was followed by a pullback to a low of .1832 the following day, and over the course of the rest of the week, TRNX has stair-stepped its way back up to .34, which represents an additional 86% swing.


Extended Watchlist:
MLNT, CLVS, NVCN, APLS, SFIX, ADXS, INFY, OBLN

Blue Horseshoe Stocks: Pharma News

Pharma News Drives Sector

Somewhat of a reversal of fortunes has befallen major healthcare middlemen this week, and for them it’s good news. The Trump administration is doing a 180° on proposed changes to drug rebates that would have cost the healthcare industry.

The development is causing healthcare stocks to rise here in the premarket, and a few that have caught our eye in particular, are UNH, CI, and CVS. Each of these plays is flying high in early trading, so what we’re going to look for is a classic dip-and-rip scenario. Profit-taking right out of the starting gate should drive these stocks down off of their lofty premarket highs, and that’s when where we come in with the following ideas.

CVS Health Corp. CVS Weekly $57-58.50 Calls
Cigna Corp. CI $167.50-175 Calls
United Health Corp. UNH $250-255 Calls 


Extended Watchlist:
PCG, NAVB, TRNX, OMER, ATOS, HTGM, DPLO, KBLB

Blue Horseshoe Stocks: Options Roundup

Weibo, Inc. WB

We targeted some bearish Weibo ideas in yesterday morning’s premarket report, and with the help of a rough day for the markets in general, we saw some excellent single-session gain chances from our highlighted contracts, the WB Weekly $46-44 Puts.

Out of the four contracts contained within our designated range, all four recorded double-bag gains on the day, which were as follows:

$46 Puts – Range: 1.55-3.30 – Max Gain: 113%
$45.50 Puts – Range: 1.18-3.10  – Max Gain: 163%
$45 Puts – Range: 1.05-2.50 – Max Gain: 138%
$44 Puts – Range: .55-1.80  – Max Gain: 227%
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Target Corp. TGT

On Wednesday, we offered up the TGT Weekly $75-77 Calls as an options idea, and we’re happy to report that all of those returned opportunities at multi-bag gains as well.

$75 Calls – Range: 2.26-4.55 – Max Gain: 101%
$75.50 Calls – Range: 2.00-4.05  – Max Gain: 103%
$76 Calls – Range: 1.46-3.45 – Max Gain: 136%
$76.50 Calls – Range: .91-2.81  – Max Gain: 209%
$77 Calls – Range: .70-2.58 – Max Gain: 270%


FRESH OPTIONS IDEAS
SPY Weekly $282.50-283.50 Calls*
HPQ Weekly $19-19.50 Calls
*
CVS 07/19 $52.50-55 Calls

*Please don’t attempt to trade weekly options on a Friday if you are not an advanced level trader with access to disposable funds!


Extended Watchlist:
AMPG, HSGX, DNR, DHT, PTN, AETI, DVAX, VSAT, MBIO, ONVO, GPN, VSAT, YRIV