Wednesday’s Winners, 3 New Ideas

Solid Session Yesterday:

We kept our run of excellent luck going on Wednesday, including a slate of five potential options trading ideas in our premarket report for the day. It turned out to be yet another clean sweep of the entire board, with solid gains being on the table no matter which targets were selected. We continue to be very proud of our performance for the whole of 2023, and are rip-roaring to go as we prepare to head into a fresh calendar year.

Our runners from Wednesday’s report were the MDB Weekly $417.50-412.50 Puts, the CPB Weekly $40-41 Calls, the OLLI 12/15 $77.50-80 Calls, the BOX 12/15 $24 Puts and the ASAN Weekly $21-19.50 Puts. Here were the types of gains they posted for the session:

MDB Weekly $417.50-412.50 Puts
$417.50:
 12.20-23.35 (+91%)
$415: 9.15-27.55 (+201%)
$412.50: 7.90-20.80 (+163%)
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CPB Weekly $40-41 Calls
$40: 1.45-3.50 (+141%)
$41: .90-2.56 (+184%)
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OLLI 12/15 $77.50-80 Calls
$77.50: 1.55-4.60 (+197%)
$80: 1.44-3.00 (+108%)
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BOX 12/15 $24 Puts
$24: .23-.55 (+139%)
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ASAN Weekly $21-19.50 Puts 

$21: .90-1.71 (+90%)
$20.50: .60-1.24 (+107%)
$20: .40-.87 (+117%)
$19.50: .25-.55 (+120%)


Fresh Options Ideas:
DG Weekly $137-139 Calls
GME Weekly $14-13.50 Puts
CHWY Weekly $18-17 Puts


Extended Watchlist:
CYN, HPCO, WMI, MLGO, SVFD, CYDY, CBTC, BCNN, CAPV

AZZ Multibagger, PEP Options Idea

AZZ Targets Run:

Things were rather thin yesterday morning in terms of potential options ideas that jumped out to us as we were searching for new potential plays. We only had one earnings reporter on the day, and that happened to be AZZ. We decided to go bearish on that, and it turned out to be a pretty good idea. Things will be picking back up for earnings next week, so we have that to forward to, but for now we’re still just getting along as best we can.

We targeted the AZZ 10/21 $40-35 Puts, and while the gain chances they generated didn’t shatter the earth, it was still quite a respectable outing, with the $35’s yielding a really nice multibag rip. Here were the ranges and total possible profits to made off of yesterday’s AZZ Puts.

AZZ 10/21 $40-35 Puts
$366: 6.30-8.98 (+43%)
$367: 1.50-4.80 (+220%)


Fresh Options Ideas: 
PEP Weekly $162.50-167.50 Calls 


ProText Mobility Inc. TXTM – OTC Recap: 

A lot of our regular readers will recognize TXTM as an OTC play that we’ve tracked pretty consistently over the recent past, and one that has been producing solid swing trade opportunities. After our most recent alert on September 27th, the stock has posted a run from a low of .0071 up to .0146, which is a double-bag increase of 106%


Extended Watchlist:
MMTLP, AABB, VAPR, AMNL, GMGMF, PMOMF, GEGI, ADMP, HPCO, PEGY, CCNC

Going Bearish on Options Targets, GEGI Update

Note on Wednesday’s Absence:

We wanted to start out this morning by apologizing to our readers for being unable to deliver a newsletter for yesterday’s session due to an unfortunate technical issue with the internet at our office. In the history of our archive site bluehorshoestocks.com, which stretches back over 11 years, one could count the number of trading days we’ve missed on one hand, so you can rest assured that this is not a typical occurrence! At any rate, we’re back online and ready to keep chugging along as we head into the upcoming long weekend.

First off, our top runner from where we left off on Tuesday morning turned out to be the BBY Weekly $74 Calls, which subsequently made a move from 2.40-5.70 (+138%). As for getting back on track today, we’ve got some big name earnings reporters from a variety of sectors for potential trades.


Fresh Options Ideas:
MDB Weekly $280-275 Puts
OKTA Weekly $78-75 Puts
CIEN 09/16 $55-45 Puts
SPY 09/02 $395-393 Puts


Genesis Electronics Group, Inc. GEGI – OTC Update:

We’ve been tracking GEGI for quite some time, having tagged it in our daily watchlists five times in the month of August alone, and stretching back to early July when we caught it trading as low as .0018. Yesterday the stock hit a new all-time high of .0197, which marks an amazing overall increase of 994% making it one of the hottest OTC plays we’ve track all summer long.

Even if someone had only caught our most recent alert on GEGI on the morning of August 24th when GEGI was trading at .008, the stock still recorded a rapid run of 146%


Extended Watchlist:
DVLP, BYOC, TONR, CFSX, RXMD, VPER, KYNC, BGXX, HPCO, SHPH, GFAI, CMRA, JZ