Blue Horseshoe Stocks: RXMD Update & More

Progressive Care, Inc. RXMD

We’re coming back to RXMD once again to review this unstoppable momentum play that has appeared in five of our last six reports. After our initial mention of this play on February 22nd, we witnessed a low of .0663 and it hasn’t looked back since.

Continuing its impressive trajectory into blue skies, with every uptick the stock attains a new five year high. Yesterday it reached .265, which represents an observed increase of 301% in a matter of roughly three weeks! As measured from Monday of last week at its low of .1171, it managed a one week swing of 126%

DPW Holdings. Inc. DPW

We want to tag DPW this morning as a potential bottom bouncer, after noticing an interesting chart setup.

As we’ve pointed out on the following snapshot, the stock has come down to what we feel is a pretty solid area of support, and looks like it may try to make a run at its 50DMA. It also saw a pretty good surge in volume yesterday, so we’ll place it on watch today.


Fresh Options Idea:

DSW, Inc. DSW Weekly $17.50 & $20 Calls

Extended Watchlist:

Incoming search terms:

  • 02QF

Blue Horseshoe Stocks: SPY Recap & More

SPDR S&P 500 ETF (SPY) – Recap

Our primary focus in Friday morning’s premarket report was the SPY, for which we had signaled and tracked a range of calls the previous day. Our initial targets were the SPY Weekly $270-272 Calls. and Friday we expanded that range to include the SPY Weekly $272.50-274 Calls.

After another bullish session for the SPY on Friday, we’ve got updates to the highs and overall possible gains on our original contracts, as well as the maximum intraday profits that could have been seized with our rolled up strike prices. All in all, we ended up with two incredible sets of one and two-day runners without a single dud in the bunch!

$270 Calls – Range: .85-5.32 – Max Gain: 526%
$270.50 Calls – Range: .70-4.69 – Max Gain: 570%
$271 Calls – Range: .52-4.33 – Max Gain: 733%
$271.50 Calls – Range: .39-3.80 – Max Gain: 874%
$272 Calls – Range: .30-3.31 – Max Gain: 1003%

$272.50 Calls – Range: .60-2.84 – Max Gain: 373%
$273 Calls – Range: .55-2.36 – Max Gain: 329%
$273.50 Calls – Range: .43-1.89 – Max Gain: 339%
$274 Calls – Range: .17-1.42 – Max Gain: 735%

DropCar Inc. DCAR

Catching our eye as a potential bottom-bounceplay this morning is DCAR, which, prior to today, has already begun to come up off of recently registered lows on Friday. As you can see on the included chart, our favorite indicators are clearly pointing up, with a MACD cross underway and a rapidly strengthening RSI.

This morning, a new catalyst has entered into the mix, with the company reporting a new agreement with Jaguar/Land Rover Manhattan. The dealership will use DropCar’s Enterprise Vehicle Assistance & Logistics technology platform to automate the pickup and delivery of customer vehicles for service and maintenance.

Despite gapping up moderately in the premarket, is still a fair bit of unrealized upside potential, so we’ll add DCAR to our radars and keep a close watch over it in coming sessions.

Extended Watchlist:

Incoming search terms:

  • 1AHF
  • D1J9

Blue Horseshoe Stocks: Options Review & More

Lumentum Holdings Inc. LITE

We noted yesterday morning that LITE was bucking trend of the two-day market bloodbath we witnessed this week. We made it clear that we were interested in the LITE Weekly $44-46 Calls regardless of which way the markets went, and it turned out to be a solid idea.

The markets did of course see a reversal, and LITE did perform well on the day, creating the following gains in our tracked contracts:

$44 Calls – Range: 2.00-8.00 – Max Gain: 300%
$45 Calls – Range: 2.50-6.98 – Max Gain: 179%
$46 Calls – Range: 1.25-6.00 – Max Gain: 380%


Fresh Options Ideas:

The Walt Disney Co. DIS – Weekly $107-109 Calls
Snap, Inc. SNAP – Weekly $16-17.50 Calls

Quotient Ltd. QTNT

Another stock we went bullish on in yesterday morning’s report, despite coming off the biggest two-day losses for stocks in history, was QTNT.

It boasted a solid bottom setup, and had already exhibited some bottom-bounce activity in the prior session. It also performed well on the day, trading up from a low of 3.36 to a high of 4.39- a respectable intraday run of 31%  We’ll look for the stock to establish a trend of higher highs and higher lows over the next few sessions.

Extended Watchlist:

Blue Horseshoe Stocks: NBEV Bottom Bounce & More

New Age Beverages Corp. NBEV

We tagged NBEV as a possible bottom-bouncer in our premarket report yesterday morning, and stock has definitely risen to the occasion with the beginnings of what could be a significant rebound.

The stock had been trending down for the better part of the last six months, having started the summer trading at more than $6/share. It seemed a good time to call a bottom, and so far our idea is looking good.

While it’s off to a slow start, rising just 17% from 2.20 to 2.58 yesterday on its highest volume in over four months, we feel good about the chances of a more sustained move, especially with the stock hitting a new high of 3.42 in the premarket today. From yesterday’s low that’s already a swing of 55% We’ll be sure to keep an eye peeled for further movement from this bottom bouncer.

Delta Air Lines, Inc. DAL 

We’re no strangers to trading DAL options. It has traditionally been one of those companies we can count on to provide good post-earnings opportunities after a beat, and today the company exceeded expectations across the board in their Q4 report.

We’re are going to signal a range of contracts which will be expiring tomorrow to try to garner some rapid-strike chances. Our targets are going to be the DAL Weekly $57-58 Calls.

Extended Watchlist:

Blue Horseshoe Stocks: Fresh Options & More

Potential Bottom-Plays

We’ve unearthed a couple of stocks that are trading just above their recent relative lows, and wanted to relegate them to a bottom watchlist this morning. We’re getting strong multiple-bottom signals from each one, and will formulate a couple of corresponding options ideas. 

Tenet Healthcare Corp. THC - This stock strung together three sessions of higher lows and higher highs to close out last week, with a ton of room to the upside. We’re going to be signaling our interest in tracking the THC 01/26 $13.50-14.50 Calls as the stock attempts to continue the beginnings of this uptrend.

Key Tronic Corp. KTCC - This play has been attempting a recovery of its own, after a sizable gap-down hit it this past Monday, as pictured on the chart snapshot below. We’ll be waiting in the wings with an options idea in this case as well, with the KTCC 02/16 $5 and $7.50 Calls.

Lululemon Athletica LULU – Update

We also want to give one final update on our Weekly LULU Calls, which provided us with multiple opportunities for swing trades throughout last week. Friday was no exception, with the following moves being made on the day:

$72.50 Calls – Range: .39-1.50 – Max Gain: 285%
$73 Calls – Range: .22-1.00 – Max Gain: 355%
$73.50 Calls – Range: .11-.50 – Max Gain: 355%

Extended Watchlist: