Blue Horseshoe Stocks: Options Roundup

GW Pharmaceuticals plc GWPH
.
We said we’d be looking for action in the  in the GWPH Weekly $125 & $130 Calls yesterday after we learned the company had reacquired the rights to develop Sativex, a 1:1 THC/CBD extract blend oral spray product.

The result was a run from the stock that brought it to its highest PPS since March, and that move facilitated some very nice activity in our designated contracts. The $125 Calls saw a move from  3.00-5.90 for gains of up to 97%, while the $130′s tore up the chart, running a whopping 900% from .15-1.50!

There’s also a reasonable chance the solid trend could continue today, so we’ll be sure to stay on the lookout for that.


Fresh Options Ideas

Under Armour Inc. UAA – First up for new options ideas this morning we’ve got UAA, which is building a heck of chart setup in the wake of the revelation earlier this week that the company’s third-largest stakeholder had increased their position.

We’re going to set up shop with a short and extended term idea, homing in on the UAA Weekly $13.50-14.50 Calls, in addition to the 01/12 $14.50-15.50 Calls, in the event that its recent run of bullish activity is set to continue over a longer time frame.
_________

Adobe Systems, Inc. ADBE – In the case of ADBE, the company posted beats on both revs and earnings for Q4, and we’re always looking for a good post-earnings options trade. We’ll look to the ADBE Weekly $175-180 Calls.


Extended Watchlist:
RIGL, LFIN, RIOT, WPCS, GFI

Incoming search terms:

  • 62WK
  • lfin yahoo finance
  • PK6L
  • TJ8G

Blue Horseshoe Stocks: AAP Options Recap & More

Advance Auto Parts AAP – Options Recap

We signaled a few options ideas for the AAP chain after simultaneously picking up on a heck of a bottom setup on the chart as well as a strong earnings report from the company yesterday morning.

It turned out to be another great set of selections for us, as AAP ran early on in the session, making some nice gains possible for anyone who caught our ideas, the AAP Weekly $85-95 Calls, and the 01/19 $95-105 Calls.

Weekly $85-95 Calls
$85 Calls – Range: 9.90-17.00 – Max Gain: 71%
$90 Calls – Range: 5.12-12.40– Max Gain: 142%
$95 Calls – Range: 1.97-8.00 – Max Gain: 306%

01/19 $95-105 Calls
$95 Calls – Range: 5.50-9.15 – Max Gain: 66%
$100 Calls – Range: 3.50-6.60 – Max Gain: 89%
$105 Calls – Range: 2.11-3.58 – Max Gain: 70%

We will of course continue to track the activity in these plays as we head through midweek.


Roku, Inc. – Update

Having had its IPO just six weeks ago, ROKU has made some excellent progress on the chart and already provided us with multiple opportunities for solid gains. We signaled some options ideas on Friday and those turned in gains ranging from 207-491% in that single session.

We also want to talk about the move in the stock itself since that alert, at which time we witnessed it trading for as little as 30.50 per share. Yesterday’s new high of 48.80 marked a 60% increase in a span of just three sessions. That’s a fantastic move for a $30 stock to make in such a short time.

Now that it seems that ROKU is coming down off of those highs, we are going to want to stay with the trend and flip momentarily to the other side of the fence with some bearish options ideas to finish out the week, with the ROKU Weekly $36.50-34.50 Puts.


Extended Watchlist:
PLCE, GFI, CMLS, BOOT, SKLN

Blue Horseshoe Stocks: The Week in Review & More

SPDR S&P 500 ETF (SPY) – Options Recap

Our idea in weekly SPY calls has repeatedly produced this week, continuing the trend from Wednesday with a really nice session yesterday. Each of the three contracts in the our highlighted range of SPY Weekly $204-206 Calls pushed the upper limits and soared to new highs as markets rallied for the third straight day.

On the table below, we’ve included both yesterday’s daily gains, as well as the total increase off of our observed lows from Wednesday (1.45, .87 and .47 respectively):

$204 Calls – Range: 2.59-5.46 – Intraday Gain: 111% – Overall Move: 277%
$205 Calls – Range: 1.68-4.51 – Intraday Gain: 168% – Overall Move: 418%
$206 Calls – Range: .83-3.58 – Intraday Gain: 331% – Overall Move: 662%


Mobileye N.V. (MBLY) - Update

We also had a fresh idea in yesterday’s report, namely the MBLY Weekly $44.50-46.50 Calls. While we didn’t see a full sweep of our observed range in terms of big potential profits, three out of the five sets of contracts recorded sizable intra-session pops, including a monstrous octuple-bagger in the 46′s!

$45 Calls – Range: 1.80-2.50 – Max Gain: 144%
$46 Calls – Range: .31-3.00 – Max Gain: 868%
$46.50 Calls – Range: .70-1.50 – Max Gain: 44%


Netflix, Inc. NFLX – Fresh Options Idea

We’ll go ahead and close out what has been a fruitful trading week for options with one final idea. We’re going to zero in on NFLX Weekly $93.50-95.50 Calls.  We’ll need to see NFLX hold above its premarket low of 93.49 on any pullbacks for our interest in these contracts to remain in force, and if this week’s market-wide recovery trend perpetuates, it shouldn’t have much trouble doing so.

*As usual, we’ll warn our less-seasoned readers that messing with weekly options contracts on a Friday is an inherently risky proposition for expert traders only!


Five Star Quality Care, Inc. FVE

We also want to provide a quick update on a stock we tagged for observation in yesterday’s watchlist. While the intraday gains amounted to a modest 14%, we’re going to be keeping an eye peeled for further activity as we head into the long holiday weekend.

If the stock can maintain support above the current 50DMA of 2.13 on any forthcoming consolidations, it will continue to hold our interest.


Bottom Watchlist:

The following will be on our radars as possible bottom-plays: Sipp Industries, Inc. SIPC  &  Guided Therapeutics, Inc. GTHP


Extended Watchlist:
TPIV, SFEG, AAU, WING, GFI