Blue Horseshoe Stocks: SGSI News Alert

Spectrum Global Solutions, Inc. SGSI – Update

In our initial report on SGSI, one of the things we commented on liking most about SGSI is the rapidity with which the company has been pulling down new clients and growing its business in 2018. This morning, we’re going to start things off by relaying a new PR to that effect on to our readers.

(GLOBE NEWSWIRE) — Spectrum Global Solutions, Inc. (OTC:SGSI) (the “Company”), a single-source provider of end-to-end next-generation wireless and wireline network services and staffing solutions to the service provider (carrier) and corporate enterprise markets, today announces that it has received over $500,000 in new contract awards to support carrier network upgrades across the United States. (>>View Full PR)

Did you miss our special report on SGSI last Monday? Check it out now at the following link:

>>View SGSI Report<<



Fresh Options Ideas:

Those readers who are familiar with our mode of operation know that a good post-earnings options play is something we’re always on the lookout for, and we’ve got a couple of those for you this morning. It has been a crowded 24-hours of earnings releases and the two that are sticking out to us this morning are Dick’s Sporting Goods (Bull) and Tiffany’s (Bear).

We’ll submit a set of ideas for each of these chains to track into the end of the week:

Dick’s Sporting Goods, Inc. DKS Weekly $36-38 Calls
Tiffany & Co. TIF Weekly $95-92 Puts



Extended Watchlist:
ASX, NSPR, MARA, ACAD, HEAR, IPCI, SLS

Blue Horseshoe Stocks: Quick Strike Ideas

India Globalization Capital, Inc. IGCC

First up this morning is a recap of IGCC following its inclusion in our premarket extended watchlist yesterday. The stock didn’t blow its lid, but it did continue the solid run of intraday performances off of its lows from earlier this week which were precipitated by the company’s recent delisting from the NASDAQ down to the OTC Markets.

The stock traded in a range from 1.22-1.84 before tapering back off, which stood as an intraday gain of 51% We’re going to look for IGCC to continue to fill the remaining gap on the chart. As you can see on the included snapshot, the MACD is also beginning to converge toward a bullish cross.




Fresh Options Ideas*:

Alibaba Group Holding Ltd. BABA - After beating on earnings and missing on revenues, BABA surged this morning, making it our prime bullish target among companies that reported their quarterly earnings today. We’re going to focus on the BABA Weekly 152.50-160 Calls*.
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SPDR S&P 500 ETF (SPY) – We’ve had some good luck with the SPY this week, which isn’t all that surprising when considering the fact that we have a long documented history of success with this fund. We’re so deep in the money with our previously targeted calls, that we’re going to go ahead and roll up our potential strike prices to the SPY Weekly $274.50-276 Calls* as we close out the week.
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Weight Watchers International, Inc. WTW – Strangely enough, despite also beating on earnings and missing on revs like the aforementioned play, WTW took a gut punch and appears on track for a bearish session. We’re going to be tracking the WTW Weekly $58.50-56.50 Puts* as a result.

Bonus Idea: AMD Weekly $20-21 Calls*

*NEVER trade weekly options on a Friday unless you’re an expert level trader with disposable funds!



Extended Watchlist: 

AMCN, SGYP, CPHI, HEAR, CRC, LCI, PACB, SLS

Blue Horseshoe Stocks: DAL Options & More

Delta Airlines Inc. DAL

Despite a tumultuous day for the markets yesterday, and mostly everything taking on a bearish characteristic, we’re still going to go bullish on DAL in the wake of the company’s quarterly earnings report released this morning.

Despite rising fuel costs, the company revealed that profits soared well past expectations as a result of increased demand leading to higher ticket prices.

As we always try to do when a company posts a solid beat, we’ll designate a range of options to place on watch, in this case the DAL Weekly $49.50-52 Calls. We’ll go ahead and track these into the end of the week. DAL stock was already oversold, getting hammered for weeks, so this report may be just the catalyst needed to effect an impressive reversal.



SPDR S&P 500 ETF (SPY)

We had great success with the SPY earlier this week, and we want to come back to it this morning in the wake of the markets getting crushed yesterday. With the amount of uncertainty and potential volatility out there, we want to set ourselves up to have an active idea no matter which way the winds blow.

Should the SPY fall below $276, we will target the SPY Weekly $277 & $276 Puts. If it pulls above $276 we will focus on the $276 and $277 Calls, so either way, we should be able to quickly identify the proper course once trading commences. .


Extended Watchlist: 
SBGL, PRPO, RH, HEAR, CEI, HMY, ACST, HSGX

Blue Horseshoe Stocks: HEAR Review & More

Turtle Beach Corp. HEAR – Review

Our primary focus has always been to find near-term trading opportunities first, assigning longer-term calls a secondary priority. However, we’ve had quite a bit of good fortune this year in identifying stocks that have gone on to have considerable extended runs.

HEAR is one such stock, that we first signaled for observation on April 9th, at which time the stock was trading for as little as 2.76. Over the ensuing nine weeks, we have seen an incredible, near-continuous bull run that has resulted in new highs of 23.20 yesterday. That works out to an increase of 740% over a span of a little over two months!

Being in blue skies, there’s no telling what new highs we might see in HEAR; it’s certainly plausible to believe we may see our total observed gain reach a thousand percent at some point in the near future. At the rate things have been going, it’s certainly not an unreasonable thought.


H&R Block, Inc. HRB – Fresh Idea

We also want to provide a quick update on our bearish options idea from yesterday’s premarket report, the HRB Weekly $26-24 Puts. We formulated this range after noticing the stock getting kicked hard despite posting an earnings beat in the post-market on Tuesday.

HRB did gap down a little too far for the $26′s to see much action, but we had respectable chances to profit off of the other two contracts in the range. The $25 Puts ran from .65-1.05 for a gain of 62%, while the $24′s put up a double-bag performance with a 133% rip from .15-.35.


Galectin Therapeutics, Inc. GALT

We tagged GALT on Tuesday morning after noticing a big surge in activity, and its run has continued nicely over the course of the week.

We’ve now observed a solid 37% bullish move from 5.83-8.00, and will be on the lookout for the possibility of more new highs.


Extended Watchlist:
ENPH, CTRV, CODX, FCEL, ETSY, ONTX, MYSZ

Blue Horseshoe Stock: More Options Success

General Motors Co. GM

We went very options heavy in our report yesterday morning, updating our readers on the success of ideas we had earlier in the week, and also including a pair of fresh ideas, GM Weekly $40-42 Calls.

We’re pleased to report that all five of the contracts in our designated range produced the opportunity for tangible intraday profits.

$21 Calls – Range: 1.61-2.73 – Max Gain: 70%
$21.50 Calls – Range: 1.00-2.22 – Max Gain: 122%
$22 Calls – Range: .73-1.70 – Max Gain: 133%
$21.50 Calls – Range: .42-1.26 – Max Gain: 200%
$22 Calls – Range: .18-.85 – Max Gain: 372%

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Burlington Stores, Inc. BURL

Also freshly formulated in yesterday’s report was our idea for the BURL Weekly $141-144 Calls, and we were not disappointed on that front either. While the bottom half of the range was pushed too deep into the money for any serious activity, we quickly zeroed in on the top performers, the $143 and $144 Calls.

The $143′s managed a huge run from 1.45-5.80, marking an intraday surge of 300% while the $144‘s posted a range of 1.40-4.00, which works out to a 186% rip.


More Fresh Options Ideas

For the second day in a row we’ll present a fresh pair of options ideas, one longer-term and one for potential day trades today*:

Bank of America BAC 07/20 $29 & $30 Calls
Lululemon Athletica LULU Weekly $111-114 Calls

*Never trade weekly options on a Friday unless you an expert level trader with disposable funds


Extended Watchlist:
ATIS, HEAR, TOPS, SGLB, PETX, AMMA