Tag: FL

Blue Horseshoe Stocks: FL Recap & More

Footlocker, Inc. FL – Recap

On Friday, we cited a big profit and sales beat on Foot Locker’s Q1 earnings report, noting that we have had good luck with the company’s earning chain in the past. Our designated targets were the FL 06/15 $52.50-55 Calls. Lightning struck for us once again as FL surged and our ideas took off.

The $52.50 Calls ran hard from a low of 1.30 and subsequently hit a high of 4.50. That works out to a daily rip of 246% Meanwhile, the $55 Calls went on a slightly more intense ride, trading in a range from .65-2.54 for total possible intraday gains of 291%

ArQule, Inc. ARQL
It was just this past Wednesday morning that we were mentioning our late April call on ARQL which allowed us to catch the stock when it was trading as low as 2.40. ARQL had, at the time of last week’s mention, breached into the four-dollar range, but after a fruitful finish to the week, we have to circle back to comment on its impressive new highs.

In its fifth consecutive trading day of posting higher lows and higher highs, the stock reached a new high of 5.29, pushing our one month observed increase on the stock to 120%


Tintri, Inc. TNTR

We also want to place TNTR on bottom watch as we kick off the short trading week, after noticing that the stock has been absolutely crushed in the past week. It had already been on a steady downward trajectory, but as you can see below, the selloff really kicked into high gear just last week.

We’ve also noticed a rapid rise in the short volume, accounting for more than 1.2M of the stocks total volume on Friday. With the stock already having been egregiously oversold, this type of scenario can often lead to a short squeeze, and we will want to be ready to ride TNTR on the way back up, if that occurs.

Extended Watchlist:
ABIO, SBOT, MYSZ, CVPR, LPL, KTOV, OLED, VPLM(News)

Blue Horseshoe Stocks: Options Review

Tiffany & Co. TIF – Options Recap
We wanted to take an opportunity to backtrack to our options idea from Wednesday, the TIF Weekly $114-117 Calls. We caught the stock on the heels of its earnings report, and the subsequent activity allowed for a good chance for us at the top of that range.

Our ideas got pushed so deep in the money, that the big winner turned out to be the 117’s. Those contracts started out on Wednesday from a low of 1.53, and as of yesterday had reached an impressive high of 8.24. That works out to a two-day swing of 439%

Footlocker, Inc. FL 

We’ve had some good luck with the FL options chain in the past, and we’re going to place some contracts on watch today in the wake of the company’s big profit and sales beat this morning. Q1 earnings blew people away today, and as a result the stock is up considerably.

With no weekly expiration contracts available, we’re going to go out to the FL 06/15 $52.50-55 Calls, for potential quick strike trades.

Extended Watchlist:
QUIK, CDTX, CLWT, AVGR, OHGI, AVGR, PRPO

Blue Horseshoe Stocks: FL Earnings & More

Foot Locker, Inc. FL

The markets took a beating yesterday, and we appear to be headed for another generally bearish session. On a normal day, we’d look for post-earnings plays that had a beat and were gapping up in the premarket. Today, we were looking for an earnings miss and a stock on its way down, and FL fits the mold.

The company’s Q4 earnings disappointed on sales and guidance and it appears that, coupled with current market conditions, a play on some puts may yield quick strike opportunities today. We’re going to zero in on the FL 03/16 $45-41 Puts.


iPath S&P 500 VIX ST Futures (ETN) VXX

As we said, another turbulent day for the markets could be headed our way to finish out the week, so we’re going to want to keep mostly to the bearish side of the street.

Much as the SPY trades with the market, the VXX trades inversely to it. Instead of SPY puts, we’ll go with VXX calls today for another possible quick strike options idea. We’re looking at the VXX Weekly $47-49 Calls.

*Trading weekly options on a Friday should never be attempted unless you are an expert level trader with disposable funds.

Extended Watchlist:
FNJN, ZSAN, LPCN, FNJN, TVIX, DRRX