Blue Horseshoe Stocks: Options Review

Options Reviews

We went in on two sets of earnings-related options plays yesterday, and we are happy to report that each and every contract with both designated ranges provided ourselves and our readers with some fantastic single session gain opportunities.

Chipotle Mexican Grill Inc. CMG – For Chipotle, despite the fact that people appeared to be discounting the company’s earnings report, it posted solid numbers and sent our targeted contracts flying. We had slated the CMG Weekly $380-385 Calls and were met with the following multi-bag chances:

$380 Calls – Range: 10.00-45.22 – Max Gain: 352%
$382.50 Calls – Range: 8.45-39.75 – Max Gain: 370%
$385 Calls – Range: 4.90-38.80 – Max Gain: 692%

Facebook, Inc. FB – For Facebook, we had also mentioned the FB Weekly $165-172.50 Calls and those produced some very nice moves as well:

$165 Calls – Range: 6.21-11.23 – Max Gain: 81%
$167.50 Calls – Range: 4.19-8.77 – Max Gain: 109%
$170 Calls – Range: 2.36-6.41 – Max Gain: 172%
$172.50 Calls – Range: 1.20-4.21 – Max Gain: 251%
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More Fresh Options Ideas:

We’re going to close out this very fruitful trading week today with a trio of fresh options ideas, but please be advised, trading weekly options on a Friday should never be attempted unless you are a veteran trader with disposable funds.

Amazon, Inc. AMZN Weekly $1640-1650 Calls
Expedia Group, Inc. EXPE Weekly $117-119 Calls

Baidu, Inc. BIDU Weekly $250-255 Calls


Extended Watchlist:
CNHI, ICHR, UAVS, AGMH, INTC, TQQQ

Blue Horseshoe Stocks: CAT Updates & More

Caterpillar, Inc. CAT – Update

After having some success earlier in the week with some higher priced CAT options, we observed a course correction, and yesterday informed readers that we would be rolling our strike prices down to the CAT Weekly $143-145 Calls.

It’s a good thing that we did, too, because we saw some excellent intraday gain opportunities off of those ideas after the session commenced:

$143 Calls – Range: 1.82-5.05 – Max Gain: 177%
$144 Calls – Range: 1.49-4.20 – Max Gain: 182%
$145 Calls – Range: 1.02-3.40 – Max Gain: 233%

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Fresh Options Ideas:

Chipotle Mexican Groll Inc. CMG Weekly $380-385 Calls
Facebook, Inc. FB Weekly $165-172.50 Calls


Spectrum Global Solutions, Inc. SGSI

We tagged SGSI along with its news yesterday morning, and the stock performed very well as a result. Those PRs alluded to some exciting things happening for the company, namely being awarded $1.5M in new contracts, along with a massive share reduction.

SGSI traded in a range from .0055-.0094, for a 71% rip. It was enough fuel to start the fire, now we’re going to want to continue to monitor the situation on the chance that further swing trade opportunities present themselves.


Extended Watchlist:
AAP, AMD, ALXN, CRK, VTVT, UCTT

Blue Horseshoe Stocks: Cannabis Roundup & More

Cannabis Roundup

We wanted to take some time out this midweek to get back to cannabis, the rapidly growing industry that we’ve always said we felt has as much or more potential than any other out there. The first quarter of the 2018 calendar year was rather low key, but with some major cannabis dates coming up, we wanted to sharpen our focus on the sector.

The 04/20 Holiday is generally a time when you see heightened visibility, and an influx of sales for recreational marijuana businesses. It’s the “Super Bowl” for many of these businesses, which will see their highest customer volume of the year.

It’s a time of increased awareness in the investment community for the space as a whole, and that’s why we wanted to refresh our running watchlist of pot stocks on our radar:

As for the ones based here in the U.S. some of our favorites (in no particular order) have been: OWCP, AGTK, HEMP, SGMD, SING, GRNE, GOHE, MCOA, MCIG, POTN, PNTV, RMHB, CANN and CBIS.

We also have July to look forward to, which marks the nationwide legalization of recreational marijuana in Canada, where some of the most impressive cannabis companies, like ACBFF and APHQF reside. Other notable Canadian players include ATTBF, GLDFF, GLNNF, NXTTF, MRRCF, SPRWF, and CRON.


Facebook, Inc. FB

We started off the week on Monday by signaling some options ideas, the FB Weekly $155-160 Calls. Despite a terrible start to the week for the markets as a whole, yesterday’s bounce-back helped began to provide us with the kind of moves we were looking for out of those plays.

In fact, each of three contracts in our designated range yielded the chance at multi-bag gains yesterday, with the following moves:

$155 Calls – Range: 1.55-4.27  – Max Gain: 175%
$157.50 Calls – Range: .90-2.75 – Max Gain: 205%
$160 Calls – Range: .49-1.69 – Max Gain: 245%


Extended Watchlist:
WLB, ASTC, HCC, EGO, TCAP, AQMS

Blue Horseshoe Stocks: Options Review & More

Lululemon Athletica Inc. LULU – Options Review

We wanted to start things off this morning by doing a review of our main topic of focus toward the end of last week, the LULU options chain. We had signaled the LULU Weekly $83-85 Calls on Wednesday, and saw some very nice moves ranging from 180-295% that first day. They finished off the short week nicely as well.

The following is the updated log of the overall two-day gain opportunities we observed after the stock once again went bullish during Thursday’s session. The range of potential gains was extended considerably.

$83 Calls – Range: 1.60-6.33  – Max Gain: 295%
$83.50 Calls – Range: 1.25-5.75 – Max Gain: 360%
$84 Calls – Range: 1.20-5.28– Max Gain: 340%
$84.50 Calls – Range: 1.00-4.69 – Max Gain: 369%
$85 Calls – Range: .82-4.33 – Max Gain: 428%


Facebook, Inc. FB 

With a strong finish to last week by the markets as a whole, a lot of the big name stocks saw a turnaround after several weeks of difficulty, and chief among those was Facebook. We like the potential for a more sustained recovery here, especially if the markets continue their bullish trend. We’re going to keep tabs on the FB Weekly $155-160 Calls.


Extended Watchlist:
ANY, ADAP, CVLT, CLWT, IPAS, OREX,

Blue Horseshoe Stocks: CGI Recap & More

Celadon Group Inc. CGI

Our first order of business this morning is to swing back around for a stock that we signaled our interest in back in May, which has subsequently gone on to put together a fantastic run up the chart.

When we tagged CGI on May 9th, the stock had recently fallen off of a cliff, and was attempting to recover off of its newly established lows. We observed a low PPS of 1.90 just a couple of sessions later, and that preceded one heck of a recovery. Yesterday, CGI streaked to new highs, coming up as the #4 top gainer on the NASDAQ, and reaching 5.15. That works out to a total increase of 171%

Having now recovered all of the ground it lost in early May, the chart still appears strong, and the next key resistance point we’ll look to see CGI make a run at is the current 200DMA of 5.95.


Options Ideas
We mentioned in the previous report that there would be a growing number of possible options trading opportunities as we neared the end of the week. This morning we’re looking at Facebook, Inc. FB, which reported yesterday post-market, and Anheuser-Busch InBev SA/NV (BUD), reporting this morning.

Each of them had beats, and are gapping up in the premarket. We’ll be monitoring the FB Weekly $172.50-180 Calls and the
BUD Weekly $120 & 125 Calls.


InfoSonics Corp. IFON

We also want to quickly recap the solid performance of IFON, which we tagged yesterday morning as a possible bottom bounce play, after seeing it test it 50 and 200DMA’s the previous day. The stock responded with another nice move from  .562 to .84, an intraday push of 49% on big time volume.

We’ll look for the establishment of higher lows and higher highs and for the stock to maintain its multi-day runner status, and for a break of resistance in the channel between yesterday’s swing high and a swing high back in April at 1.04.


Extended Watchlist:
OTTV, ABHI, SHOR, IDXG, CAPR, TOO, AXTI, TROV