Blue Horseshoe Stocks: HOME Recap & More

Alibaba Group Holding Ltd. BABA – Options Idea

We’d like to start things off this morning by taking a look at BABA, which recently has formed a strong double-bottom setup on the chart. The stock is gapping up in premarket trading today, currently in the mid-$170′s and we’d like to formulate an extended term options idea to track over the next few weeks for an overdue recovery.

We’re going to zero in on the BABA 05/04 $180-187.50 Calls, which will give us plenty of time for the stock to realize the kind of gains that look very possible from a technical standpoint at this juncture.


At Home Group, Inc. HOME – Update

On the morning of March 23rd, we had selected a longer-term idea for the HOME options chain, and we wanted to take a look at the moves it has made in the three and a half weeks since that time.

Our target set of contracts was the HOME 04/20 $30 Calls, and with the stock surging to nearly $35 this week, those calls have been pushed well into the money and produced a heck of a gain opportunity. From the low shortly after our initial alert to a new high reach yesterday, we’ve seen a run from 1.31-5.50, which represents a chance at profits of up to 320%


Extended Watchlist:
ATRA, DQ, CHFS, RSLS, NVCN, HEAR

Blue Horseshoe Stocks: HOME Recap & More

At Home Group, Inc. HOME 

On Friday morning, we closed out our premarket report with a fresh options trading idea for the HOME options chain, with the HOME 04/20 $30 Calls.

The idea paid instant dividends for our readers and ourselves as those calls traded in a very solid range from 1.20-3.75 on the day, giving us the chance at intraday gains of up to 213% There’s obviously plenty of time to continue tracking this play, but as it is, we’re extrmely pleased with its single session performance on Friday, which registered as the sixth biggest gainer on the NASDAQ.



Aytu BioScience, Inc. AYTU

Another target we selected last week for a bottom-watch play after noticing the chart setup and a string of insider buys, was AYTU. While it didn’t exactly blast off yet, we wanted to go over the move it did make, and reiterate our interest in tracking this play as we kick off this short trading week.

Subsequent to our alert, the stock traded in a range from .4118 to .51, a modest 24% rise, and still has tons of room to run. In fact, the company will need to promptly reach and maintain a 1.00 PPS or risk having NASDAQ forcibly de-list its stock.


Extended Watchlist:
AVID, DBX, GERN, JAGX, SRNE, VII, VKTX

Blue Horseshoe Stocks: TEUM Recap & More

Pareteum Corp. TEUM
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Just yesterday, we were commenting on the large number of stocks we’ve recently tracked for large gains despite already trading at more than a dollar per share. We’ve been seeing OTC-type gains from NYSE and NASDAQ plays, and TEUM is another good example of this.

The day after our mention of TEUM in our morning report from February 8th, we observed a low of 1.72 in TEUM, and it hasn’t looked back since. Yesterday, the stock reached a new high of 3.59, representing a six-week double-bag swing of 108%


Geron Corp. GERN

GERN, another of our calls to make a solid six week run, added another new high yesterday, just after our morning report in which we outlined its prior performance. The stock had already showed us a move from 2.025-5.00 (+147%).

Yesterday’s trading range took it from a low of 5.08 to a new high of 6.68. That works out to an intraday pop of 31% and increases our total observed range to an impressive 230%



Nike Inc. NKE – Fresh Options Idea

Nike posted a beat on earning sales and revs yesterday post-market, and is up in early trading today, so we’re definitely going to want to put a range of calls on watch as we close out another trading week.

We’ll be tracking the NKE Weekly $66.50-68 Calls, but remember, NEVER attempt to trade weekly options on a Friday unless you are an expert level trader with disposable funds.

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Added Idea:
At Home Group, Inc. HOME 04/20 $30 Calls

 


Extended Watchlist:
ITRK, ABBV, CLVS, SGH, GSK

Blue Horseshoe Stocks: Post-Earnings Options & More

Dollar General Corp. DG

First up this morning is a look at DG, which revealed its Q3 earnings report early this morning, and appears to be gearing up for some continued bullish activity, for which we’ll want to formulate an options trading idea.

The stock has been in a general uptrend for many months, seeing its annual lows in June, and trading in a general upward channel ever since. DG is gapping up roughly 5% in premarket trading, and we’re going to look for action in the DG Weekly $93.50-96 Calls today and possibly tomorrow as well.


Lululemon Athletica

This is another stock that has put up a good performance since late spring. After seeing its own annual low at the end of May in the $66 area, LULU has recently breached the $90 mark.

That upward climb could continue on the heels of what was a solid beat on both sales and earnings in the post-market yesterday, as well as boosted sales guidance. When coupled with the $200M share repurchase the company has just authorized, and we have another excellent candidate for some options trading ideas. In this case we’re interested in tracking the LULU Weekly $72.50-74 Calls.


Extended Watchlist:
ROX, HOME, VTGN, IGC, MYO, CRSP, TLRD

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