Blue Horseshoe Stocks: Perfectly-Timed Bottom Plays & More

Allakos, Inc. ALLK -  Recap

We began tracking ALLK on Monday morning, and formulated some options ideas ($45-60) which worked for us in Monday’s session, bringing in some nice gain opportunities. Then yesterday rolled around and we shared the huge news reported by the company in our premarket report along with the gains that our options ideas made.

The news on ALLK proved to be very influential on the activity of the stock, pushing it even further than Monday’s big surge had taken it. From the low that morning of 60.34, ALLK has run all the way up to a new high yesterday at 85.40, which marked a two-day upswing of 42%

While the lower end of our tracked options range was too deep in the money to see any real progress, the $60 Calls remained in play, and hit a high of 23.82. From our observed low of 6.75 on Monday, those contracts rose by a whopping 253%
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We also signaled interest in the Innovative Industrial Properties, Inc. IIPR 08/16 $100-105 Calls 
yesterday, and those got off to a modest, yet promising start. The $100′s traded in a range from 6.50-7.90 for a rise of 22%, while the $105′s ran 23% from 4.50-5.90. We’ll continue to monitor these ideas into their expiration next week.
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Fresh Ideas: 
CVS Weekly $55.50-57 Calls
SPY Weekly $286-285 Puts



Durect Corp DRRX


We also want to highlight the incredible performance that DRRX has had this summer to finish things up this morning. We tagged the stock for observation on May 28th, at which time we observed a low of .50, and it turned out to be a great nbottom call, as it hasn’t looked back since.

Slow and steady growth over the past two months has brought DRRX to a new high of 1.44 this week. That represents an overall increase of 188% in the time we’ve been observing this play.


Extended Watchist: 
MRNA, EVH, CPE, ENDP, AVGR, TVIX, APVO, ONVO

Blue Horseshoe Stocks: BBBY Options & More

Bed Bath & Beyond, Inc. BBBY

The last time we were mentioning Bed Bath & Beyond, was back in January when the stock was trading just below $14. It’s been in a solid uptrend more recently, reaching over 19.50 yesterday. However, we’re getting a bearish feeling from the chart now, especially following the company’s earnings report for the 4th quarter yesterday postmarket.

The company came fairly close to analyst expectations on earnings, yet recorded same-store sales declines for the seventh quarter in a row as e-commerce players like Amazon continue to horn in on brick-and-mortar reliant chains.

We are going to track a bearish options idea into the end of the week for this chain, with the BBBY Weekly $17.50-17 Puts, with the stock already being down a couple of dollars from yesterday’s highs here in the premarket.
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FRESH OPTIONS IDEA:
Fastenal, Inc. FAST 04/18 $62.50-67.50 Calls


Extended Watchlist:
VKTX, EVH, FRED, KNDI, GLG, TOPS

Blue Horseshoe Stocks: LULU Update

Good Morning Traders!

As a result of experiencing technical difficulties in our offices today, we were unable to complete this morning’s premarket report in a timely fashion. Therefore, all we have for you today are the figures on our options idea for LULU from yesterday’s report.

We apologize for the inconvenience, and will return as normal on Monday morning. Thank you for understanding, and good luck out there traders!

-Your Friends at BlueHorseshoeStocks.com


Lululemon Athletica LULU – Update

LULU Weekly $72.50-74 Calls
$72.50 Calls – Range: 1.03-1.84 – Max Gain: 79%
$73 Calls – Range: .81-1.60 – Max Gain: 98%
$73.50 Calls – Range: .65-1.20 – Max Gain: 85%
$74 Calls – Range: .41-1.02 – Max Gain: 149%


Extended Watchlist:
EVH, HMNY, VNET, MYSZ, TEUM, CLDR, VHI, OLED