Blue Horseshoe Stocks: YGYI Review & More

Youngevity International Inc. YGYI – Recap

Last Thursday morning, we included a tag of YGYI, and today we wanted to swing back around and update readers on the stock’s performance.

YGYI ended up producing a significant dip-and-rip opportunity, coming down to an even 6.00 low before taking off and hitting a high of 10.95 yesterday, in one of its biggest single-session moves of all time. It worked out to an 83% upswing. and put YGYI in blue skies, not to mention grabbing it the top gainer spot on the whole of the NASDAQ.



eBay, Inc.  EBAY – Update

We also want to circle around for the extended term options plays we selected for observation, also in last Thursday’s report. Those were the EBAY 11/23 $33-35 Calls, and they’ve gotten off to a good start for us so far. In the four sessions since we highlighted these plays, all three have produce gains of a significant nature:

$33 Puts – Range: 1.22-2.45 – Max Gain: 101%
$34 Puts – Range: .82-1.75 - Max Gain: 113%
$35 Puts – Range: .60-.86 - Max Gain: 43%

With tons of time remaining until expiration, we’ll be eager to continue tracking these ideas for further moves.


Extended Watchlist: 
ADOM, IGC, NBEV, BLRX, NVCN, RARX

Blue Horseshoe Stocks: EBAY Ready For Reversal?

Ebay, Inc. EBAY – Bottom Play

On our routine morning scan today we noticed that EBAY, on Tuesday, registered a new annual low. The stock is at its lowest share price since April of 2017, and as our readers are well aware, we’re always on the hunt for a good bottom-play.

What we typically do in these scenarios, is signal a range of options calls with a moderate amount of time remaining until expiration. In this case we’re going to designate the EBAY 11/23 $33-35 Calls as our items of interest.

As you can see on the included chart, the relative strength is rising and the MACD has begun to converge toward a bullish cross. Coupled with Tuesday’s annual low and a sizable gap to fill on the order of roughly two dollars, and it makes EBAY an attractive bottom-bounce candidate.


Constellation Brands, Inc. STZ

We also like to look for opportunities on the heels of large companies reporting their earnings by highlighting options with weekly expiration, and that’s wjhat we want to do with STZ this morning.

We’re going to track the STZ Weekly $212.50-220 Calls through today and tomorrow’s sessions.


Extended Watchlist: 
IZEA, YGYI, BLRX, FEYE, ICON, FPAY

Blue Horseshoe Stocks: Fresh Options Ideas & More

CSX Corp. CSX – Update

On Wednesday morning following CSX’s solid quarterly earnings report, we selected the CSX Weekly $65-67.50 Calls for observation, and scored the opportunity at multi-bag gains that day, as we relayed in yesterday’s premarket report.

What followed was a dip-and-rip out of CSX, and even more chances for double-bag to multibag gains for the second consecutive session. Here are the intraday profits that could have been achieved yesterday:

$65 Calls– Range: 1.91-4.50 – Max Gain: 136%
$65.50 Calls – Range: 1.84-3.85 – Max Gain: 109%
$66 Calls – Range: 1.25-3.40 – Max Gain: 172%
$66.50 Calls – Range: 1.07-2.93 – Max Gain: 174%
$67 Calls – Range: .42-2.25 – Max Gain: 436%
$67.50 Calls – Range: .27-2.04 – Max Gain: 656%


Ebay, Inc. EBAY – Options Recap

Speaking of single-day multibag gains, also included in yesterday’s report was a fresh idea for the EBAY options chain. We went bearish after the company disappointed on Q2 revs, signaling our interest in the EBAY Weekly $36-34.50 Puts  and we were dead-on with that idea as well.

The following fantastic gains were on the table:


$36 Puts
– Range: .71-2.08 – Max Gain: 193%
$35.50 Puts – Range: .42-1.46 – Max Gain: 248%
$35 Puts – Range: .20-1.10 – Max Gain: 450%
$34.50 Puts – Range: .09-.63 – Max Gain: 600%
________

After having such great success with options this week, as we usually do, we’ll go ahead and finish things up with two more fresh earnings related ideas. Just make sure you’re not trading these calls unless you’re an expert trader with disposable funds!

Microsoft Corp. MSFT Weekly $107-108 Calls
Honeywell, Inc. HON Weekly $148-152.50 Calls


Extended Watchlist:
TLRY, SLS, CLF, VLRS, BBD

Blue Horseshoe Stocks: CSX Review & More

CSX Corp. CSX – Options Review

We presented our readers with an options idea concerning CSX yesterday morning in the wake of the company’s solid quarterly earnings report, the CSX Weekly $65-67.50 Calls.

What followed was an exceptionally bullish session for the railroad giant, which facilitated some really nice intraday multi-bag gain opportunities.

Not surprisingly, big moves were exhibited by every single contract in our designated range of six sets:

$65 Calls– Range: 1.64-4.00 – Max Gain: 144%
$65.50 Calls – Range: 1.42-3.54 – Max Gain: 149%
$66 Calls – Range: .91-3.00 – Max Gain: 230%
$66.50 Calls
– Range: .64-2.57 – Max Gain: 301%
$67 Calls – Range: .45-2.02 – Max Gain: 349%
$67.50 Calls – Range: .28-1.65 – Max Gain: 489%


 Walgreens Boots Alliance, Inc. WBA – Recap

Also included in our morning report yesterday were the WBA 08/17 $67.50 & $70 Calls, and those too enjoyed some notable intraday gains for the session.

Despite selecting calls with August expiration, the payoff to this idea was all but instantaneous, with each of our two ideas logging significant intraday runs to the upside. The $67.50′s traded in a range from .93 to 1.45, a gains of 133% while the $70′s went from .40-.65, which works out to a gain of 63%
____________

Fresh Ideas -  We’ll keep the options train rolling with another pair of fresh ideas this morning:

We’ll track the activity in the EBAY Weekly $36-34.50 Puts after the company fell short on Q2 revs, along with the SPDRA S&P 500 ETF (SPY) 07/23 280.50-281.50 Calls for an idea to watch into next week.


Extended Watchlist:
TCP, DM, RCON, LODE, AVEO, CEI, ACIU

Blue Horseshoe Stocks: Earnings-Related Options Ideas & More

Earnings-Related Options Ideas

We’ve entered into another round of high-profile earnings releases, and as our routine readers are well aware, this has become a key device in our seeking of quick-strike profits with options trading.

Ebay, Inc. EBAY
On EBAY, we’re going to size up contracts in the $58.50-60 Call range, looking for a classic dip-and-rip scenario. Usually on a gap-up after an earnings beat we see profit-taking which leads to a pullback followed by a resulting bounce. We look to get positioned in some in-the-money calls on the pullback that we can unload when the rebound occurs.

Caterpillar, Inc. CAT
CAT beat on earnings as well, and the range of contracts that we’re most likely going to find the biggest chances for gains here, should fall between $86-89.  We want to stay in the money with our strike price and roll it up in the event the stock breaks out more sharply.

Petroleo Brasiliero S.A. (Petrobras) PBR

For PBR, which is sliding back following yesterday’s post-market earnings release, we’re going to look for possible opportunities in Weekly Puts in the $9.00-8.50 range, depending on the intensity of the downward pressure we see on the stock as the market opens.


Enzon Pharmceuticals, Inc. ENZN

This is a stock that we want to put on our radars as we head into week’s end; biopharmas have been hot, and ENZN is among those that have been breaking out. We’re anxious to see how this play will continue to fare as it has been streaking into the blue sky.

It’s much like the move we saw in the past couple of weeks from VLTC, which spiked on news of an increased stake by billionaire activist investor Carl Icahn. It so happens that Icahn also owns shares in ENZN, which makes for an interesting side note. We’ll certainly want to keep this one in our sights moving forward.


Yahoo, Inc. YHOO – Options Ideas

If you recall, we were sitting on the fence with our approach to YHOO options yesterday as the internet search giant had fallen short on earnings. We noted that the heaviest action would likely be in the  $44-45 Calls or Puts, depending on the tone of the trend.

It became quickly apparent that YHOO was pulling back further upon the open,and anyone who followed our idea and latched onto the $44 Puts were in for quite a ride as those contracts traded in a range from .17-.55; an intraday swing of 223% The $45 Puts also made a move from .56-1.29, a slightly more subdued yet still very respectable 130%


Great Basin Scientific, Inc. GBSN

We need to congratulate anyone who caught our flag of GBSN in yesterday’s premarket report, as the stock made a healthy intraday run from 4.60-6.10 that could have afforded traders gains of up to 33% on the day on the heels of some FDA-related news.


Extended Watchlist:
CYTX, BTU, SCYX, IBIO