Blue Horseshoe Stocks: SPY Recap & More

SPDR S&P500 ETF (SPY)

We were all over the SPY last week, scoring some big chances for profits early on with some calls, and then flipping to the bearish end of things with some puts on Friday, which also happened to work like a charm. We played the SPY like a fiddle, and the potential returns were considerable.

Our targets were the SPY Weekly $263.50-262 Puts, and each of the four contracts contained within that range provided traders with huge gain opportunities, which were as follows:

$263.50 Puts – Range: .75-3.50 - Max Gain: 367%
$263 Puts – Range: .59-3.10 – Max Gain: 425%
$262.50 Puts – Range: .45-3.07 - Max Gain: 582%
$262 Puts – Range: .34-2.16 - Max Gain: 535%



Johnson & Johnson JNJ

We want to place JNJ on longer-term rebound watch today as the stock took an absolute plastering on Friday with roughly a $15 dip. Three separate insiders filed Form-4′s on Friday indicating share purchases at those lows. That is as good an indicator as any that belief is high in JNJ getting back on track in the near future.

We’re going to put the JNJ 01/25 $135-140 Calls on watch in the days and weeks ahead, as a recovery of some degree does not seem far off for JNJ.


Extended Watchlist:
GLBS, IDRA, JACK, YRIV, GSAT(Bottom Play)

Incoming search terms:

  • 60Q5
  • power6ce
  • towerlxe
  • windowux7

Blue Horseshoe Stocks: AAP Recap & More

Advance Auto Parts, Inc. AAP

One of yesterday’s two options ideas that we offered up to our readers, AAP’s daily performance was the most pronounced. The machinations of the stock allowed for notable intraday gain opportunities, on the heels of the company’s Q2 earnings call. Those gains were as follows:

$145 Calls – Range: 8.92-14.55 – Max Gain:  62%
$150 Calls – Range: 4.80-9.67 – Max Gain: 40%
$155 Calls – Range: 2.50-5.40 – Max Gain: 51%

We’ve also caught word of a large share repurchase, so despite the fact that AAP is already in blue skies, we’ll continue to monitor these ideas.



The Home Depot, Inc. HD

The other fresh idea from yesterday’s report were the HD Weekly $195 & 197.50 Calls, and those also managed to produce significant chances for profits on the day.

The $195′s traded in a range from .81-2.46, a gain of 204% while the $187.50′s ran from .39-1.28. That was good for intraday gains of 228%



Energen Corp. EGN

Another longer-term set of ideas we recently offered up, the EGN 09/21 $75 & 77.50 Calls, have also begun to produce results. The $75 Calls gone from  1.10-1.95 (+77%), and the $77.50′straded from .90-1.10 (+22%).

While those are merely marginal moves, the stock is gearing up for another bullish session, gapping up significantly here in the premarket. We expect to see the ranges on these calls extended by a significant margin today.


FRESH OPTIONS IDEAS:
Constellation Brands, Inc. STZ 
just purchased an additional $4B stake in Canopy Growth Corp. CGC,putting the beverage manufacturer effectively into the cannabis business. We will signal some calls here in both cases.For STZ, the 09/14 $220 & 222.50 Calls, and for the Canopy chain- the CGC 09/21 $30-40 Calls.


Extended Watchlist:
VLRX, GST, SXE, IDRA, STAF, NEPT

Blue Horseshoe Stocks: FAST Review & More

Fastenal Co. FAST – Recap

We have had a continuous run of good fortune with our past several options calls over the last few weeks, and we continued to press our luck yesterday in signaling a range of options ideas for FAST.

We highlighted the FAST Weekly $50-55 Calls  as our fresh idea in yesterday morning’s premarket report, and not only did each of them provide chances for single-session profits, but they did so in absolutely grand fashion.

Serious multi-bag moves were on the menu regardless of which of the three strike points in our selected range was chosen by traders, with the $55′s being the most eye-popping with 38-bagger!

$50 Calls – Range: 1.65-6.50 – Max Gain: 294%
$52.50 Calls – Range: .45-4.00 – Max Gain: 789%
$55 Calls – Range: .05-1.98 – Max Gain: 3860%
______

Fresh Idea :
Delta Airlines, Inc. DAL Weekly $49.50-51.50 Calls


Idera Pharmaceuticals, Inc. IDRA

We also want to place IDRA on bottom watch this morning after noticing how oversold the stock has become.

A merger agreement, one that wasn’t particularly favored to begin with, was cancelled, causing a big selloff. The kicker, is a literal ‘kicker’, a cancellation fee of $6M payable to IDRA by the proposed merger partner. That’s why we feel now is a good time to begin watching IDRA for a possible bottom bounce.


Extended Watchlist:
STAF, ZGNX, PZZA, NTRA, BBOX, CHFS, FTWS, RDGL

Blue Horseshoe Stocks: TRXC Recap, Bottom Play & More

 TransEnterix, Inc. TRXC

We caught TRXC for a pretty nice move earlier this month, when we alerted it on the 16th, and the stock went on a two-day run from 2.15 to 4.43, scoring us a solid double-bagger.

In the weeks since then, TRXC has been under consolidation, and yesterday, we tagged it once again in our extended watchlist, and the stock produced what may be the start of another solid uptrend.

From a low of 2.50, the stock went as high as 3.03, making for a 21% rise on the day, and it maintained more than half of that move into the close on better-than-average volume.

We’ll continue to monitor for the establishment of higher highs and higher lows as TRXC attempts to get its next leg-up.


Immune Design Corp. IMDZ

We’ve got an interesting bottom setup on IMDZ, which recently took a massive downturn following the announcement of a large $80M public offering at a price of 4.10/share.

It’s also important to note that there was a huge $10M block of insider buying that came in on Friday near the lows.

Additionally, as you can see on the chart, the result of the last week of activity is a highly oversold state, and all indications seems to be pointing to the possibility of the stock regaining at least a portion of the ground it has recently lost.

Lastly, the company will be a hosting a post-market conference call tomorrow to discuss 3Q earnings and recent developments that you can tune into at http://ir.immunedesign.com/events.cfm after market close tomorrow and for 30 days thereafter.

As an added idea, we’ll radar the IMDZ 12/15 $5 Calls for observation in the days and weeks ahead. Those could see some nice activity if the stock has the recovery we suspect it might.


Extended Watchlist:
APTI, IDTI, IDRA, CGNX, MDLZ, SNE, NVAX, AMD(Bottom-Watch)

Blue Horseshoe Stocks: ANY Review & More

Sphere 3D Corp. ANY

We’ve often said in the past that it’s better to be early to the party than late, and ANY is a perfect example of why. We tagged this play on Wednesday after noticing some unusual activity the previous day, and things didn’t really kick off right away. We observed a low of .15 during that session.

Yesterday is when things really moved into high gear, with the stock having an excellent day, trading in a range from .1941 on up to .29 for a 49% rip, and we’ll definitely want to keep tracking the activity into today, as the premarket high has equaled yesterday’s daily high.

From the low of .15 that we saw on Wednesday, ANY’s total upswing thus far has amounted to 93% Quite a respectable two-day jump.

_____

Vivint Solar VSLR Recap – Speaking of solid movers, we also wanted to quickly update the total observed range we’ve seen on VSLR, which reached a new high of 5.50 yesterday. From our witnessed low of 2.75 following our report on the morning of May 18th, that comes out to a nice, round 100%


AVEO Pharmaceuticals, Inc. AVEO

We want to radar AVEO in the wake of the announcement that its advanced renal cell carcinoma treatment has been recommended for EU approval by a scientific committee of the European Medicines Agency. The stock has gapped up into Blue Skies this morning as a result, with a new 52-week high of 1.28.

Concerning the chart itself, the 50DMA is rising toward the 200DMA and it appears as if a Golden Cross is imminent.  We’ll want to see AVEO hold at or above recent resistance at .89 on any dips in order to hold our interest.


Bed Bath and Beyond, Inc. BBBY – Options Idea

We’re bearish on BBBY following the company’s post-market earning miss yesterday, which has caused a breach of trend-line support to the low side. We’ll be observing the BBBY Weekly $31.50-30.50 Puts* for possible day trade opportunities.

*We don’t include mentions of weekly options contracts on a Friday without explicitly warning our readers every time. Trading weekly options at the end of the week is a hugely risky proposition that should never be attempted unless you are an expert trader! 


Extended Watchlist:
DTII, IDRA, TROV, AKS, FALC, BDSI, MARA