Blue Horseshoe Stocks: DAL Options & More

Delta Airlines Inc. DAL

Despite a tumultuous day for the markets yesterday, and mostly everything taking on a bearish characteristic, we’re still going to go bullish on DAL in the wake of the company’s quarterly earnings report released this morning.

Despite rising fuel costs, the company revealed that profits soared well past expectations as a result of increased demand leading to higher ticket prices.

As we always try to do when a company posts a solid beat, we’ll designate a range of options to place on watch, in this case the DAL Weekly $49.50-52 Calls. We’ll go ahead and track these into the end of the week. DAL stock was already oversold, getting hammered for weeks, so this report may be just the catalyst needed to effect an impressive reversal.



SPDR S&P 500 ETF (SPY)

We had great success with the SPY earlier this week, and we want to come back to it this morning in the wake of the markets getting crushed yesterday. With the amount of uncertainty and potential volatility out there, we want to set ourselves up to have an active idea no matter which way the winds blow.

Should the SPY fall below $276, we will target the SPY Weekly $277 & $276 Puts. If it pulls above $276 we will focus on the $276 and $277 Calls, so either way, we should be able to quickly identify the proper course once trading commences. .


Extended Watchlist: 
SBGL, PRPO, RH, HEAR, CEI, HMY, ACST, HSGX

Blue Horseshoe Stocks: DAL Recap & More

Delta Airlines, Inc. DAL

Each day this week, we’ve recapped some options trading success, along with generating a fresh idea. Our streak of success continued yesterday morning, as we brought yet another new set of options ideas to the table, and once again, were met with solid single-session success.

We targeted the DAL Weekly $49.50-51.50 Calls after a solid beat on earnings, and are pleased to report that every single contract contained within that selected range produced multi-bag gains, as it has been with our other earnings related ideas from both this and last week.

$49.50 Calls – Range: .42-1.85 – Max Gain: 340%
$50 Calls – Range: .23-1.40 – Max Gain: 509%
$50.50 Calls – Range: .13-1.00 – Max Gain: 669%
$51 Calls – Range: .08-.67 – Max Gain: 738%
$51.50 Calls – Range: .03-.40 – Max Gain: 1233%
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Fresh Idea :
Wells Fargo & Co. WFC $56.50-54.50 Puts


Genesis Healthcare, Inc. GEN – Bottom Watch

We would like to place GEN on bottom watch this morning, after taking notice of the chart setup on our routine scan this morning.

As you can see from the included snapshot, we have a number of factors contributing to the stock’s attractive bottom setup. The stock has been falling sharply all week, cruising down toward its 200DMA at an alarming rate. Additionally, we have a MACD which is exhibiting unsustainable downward divergence, and an RSI indicating the stock has just entered extremely oversold territory.

This is exactly the sort of setup we look for in potential bottom bounce plays, and we’re going to slot GEN for observation in coming sessions to be ready for that eventuality.


Extended Watchlist:
GLMD, BIOC, MEIP, CPRX, ABIL, ADXS, GOGO BLIN,

Blue Horseshoe Stocks: FAST Review & More

Fastenal Co. FAST – Recap

We have had a continuous run of good fortune with our past several options calls over the last few weeks, and we continued to press our luck yesterday in signaling a range of options ideas for FAST.

We highlighted the FAST Weekly $50-55 Calls  as our fresh idea in yesterday morning’s premarket report, and not only did each of them provide chances for single-session profits, but they did so in absolutely grand fashion.

Serious multi-bag moves were on the menu regardless of which of the three strike points in our selected range was chosen by traders, with the $55′s being the most eye-popping with 38-bagger!

$50 Calls – Range: 1.65-6.50 – Max Gain: 294%
$52.50 Calls – Range: .45-4.00 – Max Gain: 789%
$55 Calls – Range: .05-1.98 – Max Gain: 3860%
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Fresh Idea :
Delta Airlines, Inc. DAL Weekly $49.50-51.50 Calls


Idera Pharmaceuticals, Inc. IDRA

We also want to place IDRA on bottom watch this morning after noticing how oversold the stock has become.

A merger agreement, one that wasn’t particularly favored to begin with, was cancelled, causing a big selloff. The kicker, is a literal ‘kicker’, a cancellation fee of $6M payable to IDRA by the proposed merger partner. That’s why we feel now is a good time to begin watching IDRA for a possible bottom bounce.


Extended Watchlist:
STAF, ZGNX, PZZA, NTRA, BBOX, CHFS, FTWS, RDGL

Blue Horseshoe Stocks: DAL, CPST Recaps & More

Delta Airlines, Inc. DAL

We picked up on Delta’s premarket earnings beat yesterday, and took the opportunity to formulate a set of options ideas to correspond with the activity, and it’s a good thing we did.

We highlighted and began tracking the DAL 04/13 51.50-53 Calls, and unsurprisingly, every single contract within our designated range made solid moves on the day.

$51.50 Calls – Range: .92-2.13  – Max Gain: 132%
$52 Calls – Range: .66-1.70 – Max Gain: 158%
$52.50 Calls – Range: .41-1.25 – Max Gain: 205%
$53 Calls – Range: .15-.68 – Max Gain: 353%

Not only did we already bear witness to these excellent gain opportunities, but it looks as if these figures might be extended even further today as we close out another trading week, so we’ll really want to continue to keep an eye peeled. We’ll also roll up to include the $53.50 Calls on our watchlist.

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Fresh Options Idea:
SPDR S&P 500 (SPY) $266.50-268 Calls


Capstone Turbine Corp. CPST

We were just commenting the other morning on how so many of our stock selections so far in 2018 have gone on to mount very steady bull runs, and CPST is another shining example of just that.

We initially flagged the stock for observation a month ago, on March 12th, and the stock has been in a continual uptrend since then, so we wanted to take this chance to update our readers on its progress. From our observed low of .934, CPST has rocketed up to a new high of 1.85, marking a one month move of 98%


Extended Watchlist:
CCIH, GFI, NETE, PXLW, AMPE,

Blue Horseshoe Stocks: DAL, GALT Updates & More


Delta Air Lines, Inc. DAL  – Options Recap

We followed a range of Delta options beginning on Thursday morning, when we signaled the DAL Weekly $57-58 Calls in the wake of the company’s across-the-board Q4 earnings beat. We were glad to report on Friday that in a single session those three sets of contracts yielded gains ranging from roughly 780% to 1980%

Despite making such big moves already, Friday’s session brought more success for our tracked calls, so we wanted to open up this short trading week with a final recap on the maximum gains allowed by those excellent weekly contracts. The total ranges we observed over just two sessions were amazing.

$57 Calls – Range: .24-3.44 – Max Gain: 1313%
$57.50 Calls – Range: .14-2.96 – Max Gain: 2014%
$58 Calls – Range: .06-2.40 – Max Gain: 3900%


Galectin Therapeutics, Inc. GALT

We also want to swing back around for GALT, a stock we routinely tracked throughout 2017. It finished off that yea with a bang, and has continued its excellent run into 2018.

From lows it saw at the beginning of December at 1.28, to the new highs it made at the end of last week at 6.15 , GALT had executed a 380% increase in roughly five weeks!


Extended Watchlist:
NCTY, HEB, BB, OSIS, OTIV, HAWK