Blue Horseshoe Stocks: Big Options Plays

Roku, Inc. ROKU 

We’re coming back for our recent extended-term ROKU calls once again this morning, as the stock’s performance yesterday provided the impetus for the addition of more big-time gains.

On the morning of September 23rd we targeted the ROKU 11/01 $115-118 Calls, after several pushes, we have now arrived at the following total possible gains in the three weeks since we alerted on these ideas.

$115 Calls – Range: 3.00-18.25 – Max Gain: 508%
$116 Calls – Range: 3.60-17.75 – Max Gain: 393%
$117 Calls – Range: 2.82-16.35 – Max Gain: 480%
$118 Calls – Range: 2.50-15.90 – Max Gain: 536%


More Options Review 

Yesterday we offered up a pair of fresh options trading ideas in the JNJ and UNH chains. Our shrewd calls, with the help of a majorly bullish session for the markets as a whole, provided us with the following opportunities in those calls that we highlighted. 

JNJ Weekly $130-132 Calls
$130 Calls – Range: 2.66-4.21 – Max Gain: 58%
$131 Calls – Range: 1.94-3.40 – Max Gain: 75%
$132 Calls – Range: 1.33-2.60 – Max Gain: 95%
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UNH Weekly $222.50-225 Calls
$222.50 Calls – Range: 
9.00-17.20 – Max Gain: 91%
$225Calls – Range: 7.35-15.00 – Max Gain: 104%

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More Fresh Ideas:
BAC Weekly $29.50-31 Calls
SNBR Weekly $47-49 Calls
UAL Weekly $89-90 Calls


Extended Watchlist:
VIVE, XBIO, AXSM, FTR, APDN, CTST, ALRN

Blue Horseshoe Stocks: COP Options Idea

ConocoPhillips COP – Options Idea

We’re running a little light this morning as we pick up for a new trading week, with no interesting earnings plays to fall back on. However, in our morning scan, we’ve picked up on an interesting play with energy giant ConocoPhillips.

The stock has been in a bullish pattern for most of the month so far, and this morning, we’re seeing a lot of oil plays bucking the trend of the overall markets, which appear to be bearish at the moment. We’re going to place a range of weekly options on watch this morning to coincide with the activity that’s currently unfolding.

Our targets of interest are going to be the COP Weekly $61-62.50 Calls.


Extended Watchlist:
BP, CRR, FTR, SPN, JAGX, XEC, PBR

Blue Horseshoe Stocks: SPY Calls, More Options

SPY Review

After big success with SPY options earlier last week, we decided to roll up our strike prices and make another pass at an some options ideas on the fund to open things up this week. A reversal on plans to slap tariffs on Mexican goods is helping to fuel a push for the markets in early trading today.

Our ideas for Friday were the SPY Weekly $285-286 Calls, and we’re happy to report some huge single session, multibag gain opportunities came out of those calls for us.

$285 Calls – Range: 1.18-3.86 – Max Gain: 227%
$286 Calls – Range: .59-2.89. – Max Gain: 393%

In order to stay close to the action, we’re going to want to stick with bullish SPY calls and roll up our strike prices yet again to kick off a new trading week this morning. We’re going to radar the SPY Weekly $288-290 Calls.


MGM Resorts International Inc. MGM – Form-4 Alert 

We always scan for new Form-4 submissions, and MGM is the latest subject of insider trading. A director of the company purchased over $20M in MGM stock three separate times last week. Between the buying from Wednesday, Thursday, and Friday, Keith Meister purchased in excess of $75M+ worth of his company’s shares.

That is no small series of transactions, and leads us to believe confidence on the inside at MGm is high that the stock can continue recover off of its recent relative lows. We’re going to signal some longer term calls to correspond with the situation and begin tracking the MGM 08/16 $28-30 Calls.


SPECIAL NOTE: 

We urge readers not to miss out on any of our newsletters this week. We’ve got some plays in cannabis sector that are primed to heat up and we’ll be bringing those to you over the course of the week. You’ll definitely want to catch those, so make sure you’re scanning your inboxes each morning to get in on the action!


Extended Watchlist:
LJPC, AFH, KHC, CFMS, MELI, BYND, FTR, ZM

Blue Horseshoe Stocks: New Options Idea

Centene Corp. CNC

As we were just mentioning yesterday morning, we designated a pair of contracts to watch in the CNC chain toward the end of March, with the CNC 09/20 $50 & $55 Calls.

Since that time the stock has been in a near-continual uptrend, and after yet another bullish session yesterday, we have new highs to report on our ideas. The $50 Calls have now traded in a range from 1.80-9.50, amounting to a total move of 428%. The $55 Calls have been on an insane run, and they have thus far traded up from .31-6.70. That works out to a rise of 2,061% in a span of only nine trading sessions.


BP Prudhoe Bay Royalty Trust BPT

Weve got another options chain that we ‘d like to signal some longer term calls in as well. BPT fell off a cliff yesterday, and while it may have slightly further to fall before reversing, the chart shows a history of rapid recoveries whenever the stock is beaten back as it has been this week.

We’re going to designate the BPT 05/17 $22.50-25 Calls as two contracts of interest and begin to track them over the days and weeks ahead.


Extended Watchlist:
WWR, CERN, FTR, SLS, KNDI, AMR, EVOK, CHFS

Blue Horseshoe Stocks: Big Options Wins

Options Reviews

General Mills, Inc. GIS – We were looking at the General Mills chain beginning
on Wednesday morning, when we designated the GIS 04/18 $47.50-50 Calls as targets of interest for the week. We got some very nice profit opportunities out of that set, with plenty of time for the possibility to realize further gains.  The $47.50 Calls rose from a low of 1.40-3.55, an upswing of 154% The $50’s traded in a range from .27-1.47, which works out to a huge jump of 444%
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Darden Restaurants, Inc. DRI  – On Thursday morning, we added the DRI 04/18 $115 Calls to our pool of ideas, and those really made a splash as well. In the two session span following our alert, we witnessed a move up from a low of 1.15 to a high of 4.30. That represents a rapid increase of 274%
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Revlon, Inc. REV – Finally, on Friday, we continued our streak of new ideas with an extended-term idea on Revlon. A pair of big insider buys was what led us to place these on watch. We’ll continue to track the REV 08/16 $22.50-25 Calls. For Friday, they each managed modest increases, with the $22.50’s running from 2.55-2.90 (+14%) and the $25’s going from 1.25-2.00 (+60%). These will be on our radar for quite some time, but got off to a nice start.


Extended Watchlist:
WGO, FTR. ASNA, CRIS, CRMD, AVEO, KNDI