Blue Horseshoe Stocks: More Options Success

UnitedHealth Group Inc UNH

As we near the midway point of this holiday-shortened week, we are going to be taking a look at a fresh earnings related options idea with UnitedHealth.

The company just posted an impressive across-the-board earnings beat, while the chart itself was already in a prime bottom-bounce position. We are going to track the UNH Weekly $232.50-237.50 Calls, which should be in very good shape if events play out as expected.


Fastenal, Inc. FAST

We also signaled the FAST 04/18 $62.50-67.50 Calls, last Thursday following the company’s own earnings beat. The moves we’ve observed since then have been moderate, but still impressive nonetheless.

$62.50 Calls – Range: 5.40-7.10 – Max Gain: 31%
$65 Calls – Range: 2.40-4.80  – Max Gain: 100%
$67.50 Calls – Range: 1.10-2.43 – Max Gain: 121%
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Fresh Options Idea:
Senior Housing Properties Trust SNH 06/21 $10 Calls


Extended Watchlist:
CNAT, CHFS, JAGX, RWLK, JMIA, MDR, ZSAN,

Blue Horseshoe Stocks: FAST Recap & More

Fastenal, Inc. FAST

Our fresh options ideas for yesterday morning was regarding Fastenal,which had just posted a solid Q1 earnings beat. The potential targets that we highlighted were the FAST 04/18 $62.50-67.50 Calls, and we’re happy to report that the stock’s activity has allowed us to see some decent moves out of those so far, with five sessions remaining until their expiration.

The moves was observed yesterday were as follows:

$50 Calls – Range: 5.40-6.50 – Max Gain: 20%
$52.50 Calls – Range: 2.40-4.30  – Max Gain: 79%
$55 Calls – Range: 1.10-2.08 – Max Gain: 89%

With the markets heating up here in the premarket, we’ll want to continue to keep an eye on FAST for the possibility of further useful activity that could propel these contracts to more gains before their expiration next Thursday.
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FRESH OPTIONS IDEAS:
The Walt Disney Co. DIS Weekly $122-125 Calls
SPDR S&P500 ETF (SPY) Weekly $289-290 Calls

*Don’t trade weekly options on a Friday unless you’re an advanced level trader with disposable funds!


Extended Watchlist:
BPTH, WPX, JCP, BSMX, CBAY, WPX, ENDP

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