DRI | Blue Horseshoe Stocks

Blue Horseshoe Stocks: More Big Options Calls

Options Review

Once again we were able to score some good quick-strike options trading opportunities with the fresh ideas included with yesterday morning’s premarket report. It continued an extremely solid run of options ideas this week.

In three separate options chains, we selected a total of 12 options contracts to monitor, and solid chances for significant intraday gains were produced by 10 of those:

The Kroger Co. KR Weekly $28-29.50 Calls
$28 Calls – Range: .41-1.04 – Max Gain: 154%
$28.50 Calls – Range: 21-.68 – Max Gain: 224%
$29 Calls – Range: .08-.41 – Max Gain: 413%

Darden Restaurants Inc. DRI 07/20 $100-115 Calls
$100 Calls – Range: 3.00-8.20 – Max Gain: 173%
$105 Calls – Range: .90-4.10 – Max Gain: 355%
$110 Calls – Range: .30-1.50 – Max Gain: 400%
$115 Calls – Range: .05-.45 – Max Gain: 900%

Micron Technology, Inc. MU Weekly $61-62.50 Calls
$61 Calls – Range: .22-.57 – Max Gain: 159%
$61.50 Calls – Range: .17-.37 – Max Gain: 118%
$62 Calls – Range: .10-.24 – Max Gain: 140%
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More Fresh Ideas

We had an excellent day with yesterday’s fresh trio of options ideas*, so why not formulate another three to close out what has been a fantastic trading week.

SPDRA S&P 500 ETF (SPY) Weekly $274-275.50 Calls*

BlackBerry Ltd. BB Weekly $11-12 Calls*

CarMax, Inc. KMX Weekly $75-78 Calls*

*Never trade weekly options on a Friday unless you are an expert trader with disposable funds!

Extended Watchlist:
FCEL, FTI, INPX, TS, TNTR, BPMX, CRC, OAS

Blue Horseshoe Stocks: Options Roundup

Options Round-Up

We had good fortune with yesterday’s options calls (see WGO below), and with a trio of big name earnings reports out either yesterday post-market or this morning, we figured we’d triple-down on some more fresh options ideas!

The Kroger Co. KR Weekly $28-29.50 Calls

Darden Restaurants Inc. DRI 07/20 $100-115 Calls

Micron Technology, Inc. MU Weekly $61-62.50 Calls

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Winnebago Industries, Inc. WGO – Options Recap

We took notice of Winnebago’s impressive earnings beat yesterday morning and promptly formulated a range of options ideas to try to take advantage of the situation.

We’ll selected the WGO Weekly $43-46 Calls to put on watch, and each of the four contracts in that range turned out to be a solid intraday mover. The following are the total possible gains which could have been banked off of these ideas on the day:

$53 Calls – Range: 2.29-4.30 – Max Gain: 88%
$54 Calls – Range: 2.00-3.60 – Max Gain: 80%
$55 Calls – Range: 1.50-3.00 – Max Gain: 100%
$60 Calls – Range: 1.18-2.40 – Max Gain: 103%

Extended Watchlist:
CRMD, RIOT, ARQL, TEO, WEB, YTEN, SAGD

Blue Horseshoe Stocks: DXTR, Options Recaps & More

Dextera Surgical, Inc. DXTR

Among our extended watchlist plays slated for observation in yesterday’s premarket report, was DXTR, a stock that we intially tagged on June 1st, and in which we witnessed a subsequent low of .1745. We included a second reminder on June 12th, and of course once again yesterday morning.

Yesterday the stock put up a fine intraday performance en route to setting new highs for us. From its daily low of .275, it ran as high as .3855, which comes out to a 40% jump. From our original low earlier this month, DXTR has risen 121% Volume over the past week has picked up considerably, and yesterday the stock traded more than five times its monthly average volume.

It also held more than half of its daily gains on that volume. In such instances, we always lookout for a continuation of momentum into the ensuing session.

Darden Restaurants, Inc. DRI – Options Idea

In the wake of a hearty earnings beat on DRI, whose chains include Olive Garden, Red Lobster and LongHorn Steakhouse among others, we focused on some options ideas, the DRI 07/21 $90-97.50 Calls.

While the moves weren’t quite on the level of many of our options calls, which often yield percentage gains in the hundreds and thousands, there’s still plenty of time before expiration and all the contracts in our observed range got off to a solid start.

$90 Calls – Range: 3.40-5.70 – Max Gain: 68%
$92.50 Calls – Range: 1.94-3.50 – Max Gain: 80%
$95 Calls – Range: 1.02-1.95 – Max Gain: 91%
$97.50 Calls – Range: .52-.94 – Max Gain: 81%

As we pointed out, these contracts don’t expire for a few weeks, so we’ll continue to keep an eye out for further activity in DRI.

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Fresh Options Idea: Chicago Bridge & Iron Co. CBI Weekly $20-22 Calls

Sophiris Bio, Inc. SPHS – Update

We want to keep SPHS on watch as well. We tagged this as a bottom play on Monday, and it has since made a modest move from a low of 2.07 to 2.41. While it just works out to a nominal gain of 16% so far, we’ll remain interested for as long as it maintains its new trend of recording higher highs and higher lows as it has each day this week.

Extended Watchlist:
ALQA, IDXG, ITKG, ANY, NVIV, HUSA