Tag: ECR

Blue Horseshoe Stocks: Eye-Popping Profits Pouring In!

Canopy Growth Corp. CGC

It’s been just under two weeks since we alerted readers that we were interested in the CGC 09/21 $30-40 Calls. This was as a direct result of beverage behemoth Constellation Brands’ (STZ) adding a multi-billion dollar block to its stake in CGC.

CGC shares themselves have risen 66% over the same period, from a low of 29.05 to yesterday’s new high of 48.19.

What this continued bullish surge has done for our options ideas has been nothing short of eye-popping. The update ranges and total possible gains so far are as follows:

$30 Calls – Range: 1.76-18.20 – Max Gain: 934%
$35 Calls – Range: .56-13.90 – Max Gain: 2382%
$40 Calls – Range: .16-8.75 – Max Gain: 5369%

The $40’s especially have obliterated our wildest expectations. A paltry $16 investment on a single $40 Call contract at the lows, would have been been worth roughly $859 at the highs!

FRESH IDEAS

As you can very plainly see, options are where the biggest potential profits lie, so we will of course be offering up a couple of fresh ideas this morning.

Both TIF and DSW are coming off of good receptions in the wake of their quarterly earnings reports today. We’ll take that into account and keep the following plays on watch:

Tiffany & Co. TIF Weekly $136-140 Calls
DSW, Inc. DSW 09/21 $30-35 Calls

Extended Watchlist:
RGSE, EGLT, MARA, CDXS, ECR, STAF, NEPT, CHFS

Blue Horseshoe Stocks: Bottom Plays & More

Syros Pharmaceutical, Inc. SYRS

First up on the docket for this morning is a potential bottom play that we’re going to want to put on our radars over the coming sessions. SYRS reported some less-than-ideal clinical data, and the stock got absolutely crushed yesterday.

We don’t ignore news developments, but we are constantly looking for over-abused stocks to pounce on during their recoveries, and one definitely seems in order for this play at the present juncture. The filling of the gap that was left on the chart by the sell-off would mean roughly 50% in gains from the current PPS.

Tenet Healthcare Corp. THC

We made it known yesterday morning that we had an interest in tracking the THC 01/26 $13.50-14.50 Calls as the stock appeared to be ripe for continuing its recent bottom-bounce. THC did just that, but our tracked options didn’t heat up too much yet, posting gains of just 15-24% on the day. That could be set to change today, as the stock is showing signs of a gap up and possible continued upward momentum this morning.

We’ll be sure to make monitoring the ongoing activity here one of our top priorities for the rest of this week. This may only be the beginning of THC’s rebound off of its recently established new annual lows.

Riot Blockchain, Inc. RIOT

We began tracking RIOT on November 2nd at a low of 6.33, mentioning it three times over the course of the following month. The stock saw a massive run to 21.76, for a serious move of 244%

That was followed up by a pullback to a low of 12.01 on 11/30, and since then the stock has been making a push for those highs once again, yesterday reaching 23.67. That’s an added swing of 97% on top of the previous run we witnessed, and it leaves us interested to see if the stock can re-test and possibly breach the highs off of the previous run.

Extended Watchlist:
HIVE, SPHS, PTI, ECR, SRAX, CRSP