Blue Horseshoe Stocks NKE Bear, KMX Bull & More

Earnings-Related Options Ideas

Our regular readers know that quick-strike options trading of plays that have just seen their quarterly earnings releases are among our favorite scenarios. The volatility afforded to us by these events is key to the type of opportunities we are commonly after.

This morning, we have NKE which has untraded-upon earnings reported in the post-market yesterday, and Carmax which dropped its report in the premarket today. We’ve got a set of bearish ideas for NKE and bullish ideas for KMX.

We’ll place the following targets on our watchlist today to monitor throughout the remainder of the week:

CarMax, Inc, KMX Weekly $77-79 Calls
Nike, Inc. NKE Weekly $83.50-81.50 Puts

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L.B. Foster Co. FSTR

We also have a longer term idea for the FSTR chain. As you can see on the chart snapshot we’ve included below, the stock is presently exhibiting a strong multiple-bottom.

We’re going to place the FSTR 10/19 $22.50 & $25 Calls on watch in the likely event that a recovery does occur.


Extended Watchlist: 
MYSZ, TTOO, GPRO, GLBS, TTNP, INNT, DCIX, ONTX

Blue Horseshoe Stocks: TSLA Options & More

Aegean Marine Petroleum Network, Inc. ANW

Despite the holiday lull this week, we did manage to unearth one interesting play coming off of 4th of July break, which was the sole focus of yesterday morning’s premarket report.

Apart from the big news of a $1B refinancing plan (>>View PR), ANW was exhibiting the telltale signs of an oversold stock ready to rebound, and sure enough, it moved to partially fill the large gap on the chart to the upside. The stock traded from a low of 1.22 and subsequently hit a high of 2.05, which represents an intraday upswing of 68%

The stock fell just a penny shy of its 50DMA yesterday, and with a significant portion of its gap still left to fill, we’ll want to continue to track its movements for the time being.



Tesla, Inc. TSLA

We’ve had our eye on TSLA for the past few sessions as the stock was spiraling downward. At this point in time, we feel it too may in line for a forthcoming recovery swing, and w want to have an options idea handy for such an event.

We’re going to signal our interest in following the TSLA 08/02 $300-315 Calls in the days and weeks ahead.



Galectin Therapeutics, Inc. GALT

We caught GALT for chances at some really nice gains last month as we tagged the stock on June 12th at a low of 5.83. It went on to register a high of 9.49 (+63%) in the days following that report,. After a period of consolidation of leading into this week, the stock has begun to show signs of perhaps its next leg up.

We’ve pointed out why we’re attracted to the current setup of the chart on the snapshot below:


Extended Watchlist:
RGSE, ACET, CCCR, GLBS, ABIL, BPMX, PRAN

Blue Horseshoe Stocks: PTOP Keeps Rolling & More

Peer to Peer Network PTOP

PTOP has been the main point of focus on the stock side of things for us this week, keeping us coming back to update the fantastic gains it has made. The stock has been setting new highs by leaps and bounds. Just yesterday morning we were pointing out the 7025% gain we’d seen since our initial alert on the stock on November 8th after which time it would trade for as low as .0004, before running all the way to .0285.

Yesterday that incredible range was stretched even further, as PTOP broke out to yet another new high, trading in a daily range from .027 to .067 (+148%). It brought the stock to its highest PPS in the last five years, and our own observed six-week surge to a monumental total of 16,650%


AT&T, Inc. T Options Update

We highlighted and began tracking a range of options for AT&T back on November 9th, and wanted to circle back this morning to update the progress on those as T stock has continually trended upward ever since.

Our targets were the T 01/19 $34-36 Calls, and the ranges we’ve seen on those contracts have been rather impressive. The following figures represent the lows shortly after our first alert o the new highs achieved this week.   .

$34 Calls – Range: .91-5.30 – Max Gain: 482%
$35 Calls – Range: .53-4.30 – Max Gain: 711%
$36 Calls – Range: 37-3.30 – Max Gain: 792%

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Fresh Idea:  Nike. Inc. NKE - After a post-market earnings letdown yesterday, combined with an already toppy chart, we may look for the possibility of gains in the NKE Weekly $64-62.50 Puts* to close out the week.

* Never trade weekly options on a Friday unless you’re an expert trader with disposable funds. It’s very risky!


Extended Watchlist:
GLBS, PRTY, IBIO, PETZ, MNKD, MYSZ, WRPT

Blue Horseshoe Stocks: VZ Update & More

My Size, Inc. MYSZ

We had MYSZ in our extended watchlist last monday, and the stock mainly traded sideways for the ensuing few sessions. We re-tagged it yesterday after noticing that the party had finally started, and the result was a very nice trading range on the stock.

From a low of .66 earlier this week, MYSZ reached a high of 1.28 during yesterday’s session, representing a move of 94% over just a short time span. The stock also traded record volume yesterday, se we’ll be sure to keep an eye peeled as we finish out this trading week.



Verizon, Inc. VZ

We’ve had a ton of success stories on the options front recently, and VZ has quickly grown into one of the top performers of the bunch. When we signaled a range of contracts to observe in the VZ chain on November 17th, the VZ 01/19 $45-48 Calls,  the stock itself traded for as little as 44.62. After a nearly continual bullish streak for the past couple of weeks, the stock has gone on to hit a high of  51.09.

That move has of course rocketed our selected contracts to astronomical highs. When we last updated their progress on Wednesday morning, they had offered gains ranging from 240-575% but thanks to two more solid sessions, those figures have been extended considerably.

VZ 01/19 $45-48 Calls
$45 Calls – Range: 1.08 -6.05 – Max Gain: 460%
$46 Calls – Range: .59-5.03 – Max Gain: 753%
$47 Calls – Range: .39-4.00 – Max Gain: 926%
$48 Calls – Range: .23-3.18 – Max Gain: 1283%


Extended Watchlist:
DPW, GLBS, AMBA, RIOT, CPL, IPDN, ARGS, MYO, OSTK

Blue Horseshoe Stocks: Friday’s Movers & More

Options Review

We absolutely crushed it on the options front over the past few weeks, and the fresh ideas we floated in our premarket report on Friday morning were no exception. We signaled our interest in tracking a broad range of contracts in both the Foot Locker and Verizon chains, and most of those ideas were successful in providing traders with a chance at sizable single session gains.

Foot Locker, Inc. FL Weekly $38-42 Calls
$38 Calls –
Range: 1.17-2.98 – Max Gain: 155%
$39 Calls – Range: .45-1.94 – Max Gain: 331%
$40 Calls – Range: .20-1.00 – Max Gain: 400%

The $41 and $42 Calls ended up being too far out of the money to see any notable activity, but the contracts that did move, did so very nicely.
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VZ 01/19 $45-48 Calls
$45 Calls – Range: 1.08 -1.66 – Max Gain: 54%
$46 Calls – Range: .59-1.10 – Max Gain: 86%
$47 Calls – Range: .39-.67 – Max Gain: 72%
$48 Calls – Range: .23-.42 – Max Gain: 83%

In the case of Verizon, it appears the stock is getting a push from an analyst upgrade, news of special holiday deals the company is offering, and a great chart setup even before last week’s earnings beat. We seem to have come along at an opportune time, and could very well see further gains in these contracts. We’ll definitely continue to track these ideas.


Aurora Cannabis, Inc. ACBFF

Aurora was among the many cannabis stocks we highlighted a couple of weeks ago in our Cannabis Commentary report,. and between that week, and last week, the stock made a very nice run. It traded up from a low of 2.777 to a high of 5.45; a move of 96%

That was followed by a consolidation, and this week were going to want to watch out for ACBFF to find support and potentially make another run at its previous resistance point. The company also reported a possible takeover of another firm this morning, so we’re really going to keep paying close attention to Aurora this week.


Extended Watchlist:
DDD, GLBS, DCIX, MYSZ, MRVL, CAVM, CRMD