ICON Archives - Blue Horseshoe Stocks

Huge Moves on Friday, Trio of New Ideas

A Fantastic Friday:

In our most optimistic expectations, we would never have assumed that it would be possible for us to extend our streak of nothing but positive plays in our daily options watchlists to a full two months, but that’s where we’re at now! For our premarket report on Friday, we went with a selection of four possible targets, and each of them not only rose, but posted multi-bag upswings on the session. We even had a couple targets break the thousand-percent gain barrier (by a lot). Prior to this epic run, our longest ever perfect streak topped out at one session shy of one month, so this new milestone is truly wild to behold.

Friday’s prospects were the SPY 03/07 $573-575 Calls, the AVGO Weekly $197.50-202.50 Calls, the HPE Weekly $15.50-15 Puts, and the GAP Weekly $21.50-22.50 Calls. These were the splendid intraday increases they recorded:

SPY 03/07 $573-575 Calls
$573: .63-4.75 (+654%)
$574: .51-3.92 (+669%)
$575: .42-3.18 (+657%)
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AVGO Weekly $197.50-202.50 Calls
$197.50: .07-.61 (+771%)
$200: .04-.28 (+600%)
$202.50: .02-.10 (+500%)
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HPE Weekly $15.50-15 Puts
$15.50: .30-.62 (+107%)
$15: .11-.25 (+127%)
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GAP Weekly $21.50-22.50 Calls
$21.50: .27-1.73 (+541%)
$22: .10-1.22 (+1120%)
$22.50: .02-.75 (+3650%)

Fresh Options Ideas:
SPY 03/10 $$569-568 Puts*
NVDA Weekly $112-110 Puts
TSLA Weekly $257.50-252.50 Puts

*Trading options contracts on their day of expiration should only be attempted by experienced traders

Extended Watchlist:
SUNE, STSS, ICON, XAGE, RDFN, CKPT, TRVI, BDRX

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Options Recaps, 4 New Plays for Friday

Thursday’s Good Ideas:

We managed yet another solid sweep of our options board for Thursday, casting out four fresh ideas in our premarket report. We were pleased to find all four targets were primed and ready to go, with some really nice multi-bag movers in there.

We had our eyes on the BURL Weekly $262.50-267.50 Calls, the JD Weekly $45.50-46.50 Calls, the MDB Weekly $220-215 Puts, and the MRVL Weekly $76-74 Puts. Here were the results they then logged during yesterday’s trading:

BURL Weekly $262.50-267.50 Calls
$262.50: 4.60-6.39 (+39%)
$265: 2.50-5.70 (+128%)
$267.50: .55-1.05 (+91%)
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JD Weekly $45.50-46.50 Calls
$45.50: .22-.61 (+177%)
$46: .30-1.43 (+377%)
$46.50:.21-1.17 (+457%)
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MDB Weekly $220-215 Puts
$220: 11.16-27.00 (+142%)
$217.50: 10.05-18.92 (+88%)
$215: 7.77-23.06 (+197%)
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MRVL Weekly $76-74 Puts
$76: 2.16-4.33 (+101%)
$75: 1.58-3.60 (+128%)
$74: 1.20-2.87 (+139%)

Fresh Options Ideas:
SPY 03/07 $573-575 Calls*
AVGO Weekly $197.50-202.50 Calls*
HPE Weekly $15.50-14.50 Puts*
GAP Weekly $21.50-22.50 Calls*

*Trading options contracts on their day of expiration should only be attempted by experienced traders

Plus Therapeutics Inc. (NASDAQ:PSTV) – Recap:

We also wanted to acknowledge the huge mover that jumped off our extended watchlist from yesterday. PSTV saw a low of .47 on the day, before screaming its way to a high of 2.60. That works out to an intraday pop of 453%

Extended Watchlist:
SUNE, FAMI, BTOG, ICON, PEV,

Blue Horseshoe Stocks: New Options Ideas & More

Teva Pharmaceutical Industries Ltd. TEVA

We’re very interested in TEVA as a potential bottom bounce play. The stock registered new 52-week lows midway through last week, and has exhibited a solid level of support. Trending up slightly in the premarket, we’re going to be tracking a pair of June options contracts to coincide with what could easily be a significant rebound.

Our specific targets are going to be the TEVA 06/28 $12.50 & $13 Calls, which could present us with sizable opportunities to profit
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Sprint Corp. S

We’re also going to set our sights on a range of Sprint options as the company attempts to gain FCC and DOJ approval on its $26B proposed merger with T-Mobile. The review period ends in June, but we’re more interested in the short term capability of the stock to provide us with quick strike chances. We’re going to radar the S Weekly $7-8 Calls.

Adverum Biotechnologies, Inc. ADVM – Review

A stock we recently began tracking, ADVM has been in a fairly continual uptrend since we signaled it for observation on the morning of April 17th. In the last month, the stock has made considerable bullish strides.

From the low we observed on the day of our initial alert, at 5.44, ADVM has gone on to record a high of 9.17. That comes out to an increase of 69%

Extended Watchlist:
TOPS, GERN, GMO, AMRH, TRQ, CREX, FUN, ICON, SQQQ, TMUS, INDY

Blue Horseshoe Stocks: Bottom Watchlist & More

AVEO Pharma Inc. AVEO

Last Monday the 25thwas the day that we began tracking AVEO as a potential bottom bounce play, and in that short span, we have seen some nice progress to that end.

The stock began to move the morning of our initial alert, and yesterday received a big boost, finishing as the #1 gainer on the NASDAQ for the day. Thus far we have seen AVEO run from a low of .55 on March 25th, to yesterday’s new high of 1.85. That works out to a seven-session upswing of 236%

RIOT Blockchain, Inc. RIOT

We also tagged RIOT for observation back on February 20th, and subsequently witnessed a low of 2.85. The run it has gone on with the help of Bitcoin’s resurgence to the $5K neighborhood, was solid. RIOT itself saw a push to a high of 5.15 this week, marking a positive change of 81% since our last mention.

Bottom Watchlist

We also want to highlight both comScore, Inc. SCOR, and Mr. Cooper Group Inc. COOP as potential bottom plays. Both stocks are giving off extreme oversold signals, while trading near their annual lows. We’ll want to keep these on watch for possible recoveries.
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Options Idea: PLAY Weekly $53-54.50 Calls

Extended Watchlist:
ICON, ACHN, MGI, NDRA, ASX, CHFS, TTPH, JMU, SCYX,

Blue Horseshoe Stocks: Fresh Options Ideas & More

OPTIONS UPDATES

Activision Blizzard. Inc. ATVI – To follow up with our idea from Wednesday morning in our premarket report, the ATVI Weekly $42-43.50 Calls, we wanted to provide one more update after another big move from the stock pushed our highlighted targets to new highs yesterday, and registered a really impressive two-day swing.

The following moves are the overall increases from the lows we observed on Wednesday:

$42 Calls – 1.32-4.50 (+241%)
$42.50 Calls – .98-4.00 (+308%)
$43 Calls – .70-3.50 (+400%)
$43.50 Calls – .44-3.05 (+593%)

Today, we are going to turn our attention to a slightly higher strike area, the ATVI Weekly $44.50-46 Calls*.
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AstraZeneca plc AZN – The AZN Weekly $38-39.50 Calls were on our radar yesterday morning as our fresh options idea, and despite the lower end of that range being pushed too far in the money, we still saw some solid moves out of the $39’s and $39.50’s.

The $39’s ran from .55-.90 for a gain of 64%, while the $39.50’s cruised from a low of .19 to hit .55; a big-time intraday pop of 189% We want to continue to watching this chain as well, with the 39.50’s, and also rolling up to include the $40 and $40.50’s*.
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FRESH IDEAS:

SPY Weekly $274.50-276 Calls*
CGC Weekly $46.50-48 Calls*
EA Weekly $107-109 Calls*
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*Trading Weekly contracts on Friday should not be attempted unless you are an expert level trader with disposable funds.

Invacare Corp. IVC – Recap

Also appearing in yesterday’s report, was IVC, which we tagged in our extended watchlist. The stock made a good move on the day, which warrants further observation in coming sessions.

From a low of 7.21 IVC reached 9.54, which was good for an intraday rise of 32% which made it the second highest gainer on the NASDAQ for Thursday. We’ll continue to monitor this one as well.

Extended Watchlist:
ARSN, CBAY, SLDB, ICON, NGL, ADMA