Blue Horseshoe Stocks: Fresh Options Ideas & More

DSW Inc. DSW

In terms of things we routinely look for in stocks that we set our sights upon, DSW seems to currently have a lot to offer. It’s a stock that has just registered a new annual low, while rapidly approaching heavily oversold territory according to indicators on the chart.

The company also happens to have released its quarterly earnings this morning, the results of which exceeded expectations as DSW recorded its first same-store sales increases since 2015.

With all these things going for it, it seems only logical for us to formulate an options idea to put on our radars and monitor over the next few weeks. We’re going to have our eye on the DSW 09/15 $17.50 & $20 Calls.


Zion Oil & Gas, Inc. ZN

We’ve spotted a nice chart setup on ZN as well on our routine morning scan today. We’ve pointed that out on the chart below.

The stock had a really nice run back in June that carried it from the 1.40 area up to $7, and after consolidating off of those highs during the past several weeks, it seems to have found support and begun its next up-cycle.

Hypothetically, a return to the highs it saw earlier in the summer, would mean more than a double-bagger from current pricing.


Extended Watchlist:
ARCI, F, CLF, MTBC, FALC, WATT

Blue Horseshoe Stocks: Big Options Success & More

Huge Options Success

We went all-in on the options front on Friday, with both of our primary focal points being high-risk options plays, and the rewards were considerable. Both sets of ideas turned out to be successful, regardless of the strike prices chosen.

Alibaba Group Holding Ltd BABA – On Friday morning, we were just patting ourselves on the back for Thursday’s successful alert of the BABA Weekly $162.50-170 Calls which had provided some nice gain opportunities on the order of 119-311% Those figures were nice, but they paled in comparison to Friday’s performances. We did specify that we’d want to “continue to keep our eye on these plays to close out the week, as further increases are a possibility.”

“Further increases” may be the understatement of the year. Explosions would have been a more accurate term! Our highlighted range actually contained an ultra-rare FIFTY-bagger, so anyone who had been following our BABA options coverage had a chance to make a mint!

$244.50 Calls – Range: 2.00 – 6.95   – Max Gain: 247%
$245 Calls – Range: .53-4.41 – Max Gain: 732%
$245.50 Calls – Range: .10-2.18 – Max Gain: 2980%
$246 Calls – Range: .01-.51 – Max Gain: 5000%

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Wal-Mart Stores, Inc  WMT – Our other options focus from Friday was for Walmart, with the WMT Weekly $79.50 & $80 Calls. An early run by the stock created the necessary volatility to push our ideas to multi-bag status inside of the first hour.

The $79.50 Calls were the big winner there, running from .19-.86 for an intraday pop of 353% The $80′s weren’t too far behind with a solid push from .15-.46; a gain of 207%


China Information Technology Inc. CNIT

We saw a wave of increased activity in several China-based plays on Friday, and CNIT is one among them that seems worthy for observation as we kick off another trading week this morning.

We like the chart setup- the stock had a really solid run from May to June after which there was a consolidation, and has recently been showing strength off of its established support in the mid-.80′s. There was also a recent bullish breach of the 50DMA.

The company will need to get and keep its shares above $1.00 to satisfy NASDAQ’s minimum bid requirements, and we think there’s a fair chance of that happening.


Extended Watchlist:
RBNW, DDDX, GAHC, BTSC, JMEI, FALC, CTRV

Blue Horseshoe Stocks: ANY Review & More

Sphere 3D Corp. ANY

We’ve often said in the past that it’s better to be early to the party than late, and ANY is a perfect example of why. We tagged this play on Wednesday after noticing some unusual activity the previous day, and things didn’t really kick off right away. We observed a low of .15 during that session.

Yesterday is when things really moved into high gear, with the stock having an excellent day, trading in a range from .1941 on up to .29 for a 49% rip, and we’ll definitely want to keep tracking the activity into today, as the premarket high has equaled yesterday’s daily high.

From the low of .15 that we saw on Wednesday, ANY’s total upswing thus far has amounted to 93% Quite a respectable two-day jump.

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Vivint Solar VSLR Recap – Speaking of solid movers, we also wanted to quickly update the total observed range we’ve seen on VSLR, which reached a new high of 5.50 yesterday. From our witnessed low of 2.75 following our report on the morning of May 18th, that comes out to a nice, round 100%


AVEO Pharmaceuticals, Inc. AVEO

We want to radar AVEO in the wake of the announcement that its advanced renal cell carcinoma treatment has been recommended for EU approval by a scientific committee of the European Medicines Agency. The stock has gapped up into Blue Skies this morning as a result, with a new 52-week high of 1.28.

Concerning the chart itself, the 50DMA is rising toward the 200DMA and it appears as if a Golden Cross is imminent.  We’ll want to see AVEO hold at or above recent resistance at .89 on any dips in order to hold our interest.


Bed Bath and Beyond, Inc. BBBY – Options Idea

We’re bearish on BBBY following the company’s post-market earning miss yesterday, which has caused a breach of trend-line support to the low side. We’ll be observing the BBBY Weekly $31.50-30.50 Puts* for possible day trade opportunities.

*We don’t include mentions of weekly options contracts on a Friday without explicitly warning our readers every time. Trading weekly options at the end of the week is a hugely risky proposition that should never be attempted unless you are an expert trader! 


Extended Watchlist:
DTII, IDRA, TROV, AKS, FALC, BDSI, MARA