Options Movers & More


AnaptysBio Inc. ANAB – Update

We want to backtrack to the options idea we offered up to our readers on Monday morning. We focused on longer-term targets, but the results have already begun to show after what has been a solid week of gains for the stock itself. .

Our contracts of interest are the ANAB 01/17 $10-15 Calls. So far, we’ve seen significant upward movement in the $10’s and $12.50’s, and if current trends continue, we expect the $15’s to join the party soon enough.

Here are the total possible gains from our ideas so far:

$10 Calls – Range: 1.50-2.20 – Max Gain: 47%
$12.50 Calls – Range: .60-.90 – Max Gain: 50%

The stock is still incredibly oversold and undervalued, so we’d be very surprised if we didn’t see more of its massive topside gap filled in the days and weeks ahead. Stay tuned for further updates on this one.


McDonalds Corp. MCD – Update 

MdDonalds is another chain in which we recently put some longer-term contracts on watch. On Thursday of last week, we highlighted the MCD 01/17 $195-220 Calls 
and those have started to gain some ground as well, despite a choppy week for stocks in general.

Here are the moves we’ve observed in these plays over the past trading week:

$195 Calls – Range: 
3.65-4.80 – Max Gain: 32%
$200 Calls – Range: 1.97-2.71 – Max Gain: 38%
$210 Calls – Range: .47-.69 – Max Gain: 47%
$220 Calls – Range: .12-.22 – Max Gain: 83%

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Fresh *Bearish* Options Ideas:

SPDR S&P500 (ETF) SPY Weekly $309.50-308.50 Puts
Weibo, Inc. WB $47.50-45.50 Puts
Canopy Growth Corp. CGC $18.50-17 Puts


Extended Watchlist:
SNNA, CPA, ONCY, FCEL, CLSN, JAGX, TROV

Blue Horseshoe Stocks: Bearish Options, Bottom Play

Cracker Barrel Old Country Store Inc. CBRL – Recap

First up this morning is a quick recap of the fresh options idea we formulated for yesterday morning’s premarket report. We had designated the CBRL Weekly $165-170 Calls as our targets of interest.

Two of those three contract sets produced opportunities for multi-bag gains on the day, with the third not far behind: 

$165 Calls – Range: 5.25-9.57 – Max Gain:
227%
$167.50 Calls – Range: 1.20-3.50 – Max Gain: 393%
$170 Calls – Range: .56-1.45 – Max Gain: 227%


DURRECT Corp. DRRX – Recap 

DRRX is a play that we began tracking last month (08/07). Following that initial report, we observed the stock trading for as little 1.22.

In the four weeks which have followed, DRRX has been a steady riser, stair-stepping its way gradually up to its new high yesterday of an even 2.00/share. That works out to a very respectable rise of 64%


Neurotrope, Inc. NTRP

We also want to shine a light on the current setup of the chart on NTRP. Poor marks on for its Alzheimer’s treatment should have pushed it down quite a bit, but there seems to be no readily apparent reason why the stock should have fallen as low as it did following the lackluster report on the company’s clinical trials.

At present the stock is hugely oversold, and from a technical standpoint alone, could begin a reversal on little more than a breath of air. Indication from the MACD suggests convergence toward a bullish cross in the making. Should enough people catch on to the present scenario and load up cheap shares at current pricing, it could happen sooner rather than later. Even a partial fill of the massive gap on the chart would mean big gain chances.


Fresh Options Ideas:
FDX Weekly $157.50-155 Puts
UPS Weekly $120-119 Puts 


Extended Watchlist:
SINT, VIVE, GHSI, OPGN, JAGX, ROAD, TTNP, BE

Blue Horseshoe Stocks: Winning Options

ConocoPhillips COP – Recap

We published a light newsletter yesterday morning containing just one specific idea, which was the COP Weekly $61-62.50 Calls. Fortunately, when you come up a solid plays like these, one is all you need!

ConocoPhilips behaved exactly as we suspected, gapping up and continuing to run, and facilitating some very nice single-session profit opportunities for ourselves and our followers. Out of four contracts in our highlighted range, all four produced multi-bag gains on the day.

Those excellent potential gains were as follows: 
$61 Calls – Range:  .91-2.00 – Max Gain: 227%
$61.50 Calls – Range: .73-2.11 – Max Gain: 393%
$62 Calls – Range: .51-1.80 – Max Gain: 227%
$62.50 Calls – Range: .36-1.45 – Max Gain: 393%
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New Relic Inc. NEWR – Fresh Idea

We also want to bring NEWR into the mix today with a longer-term recovery idea. The stock has not only been bouncing off of recent lows, but we’ve also got some Form-4 activity at these low levels.

We’ll watch NEWR in the weeks and perhaps even months ahead, using the NEWR
12/20 $60-65 Calls
as our potential vehicle.
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Bonus Idea:
CBRL Weekly $165-170 Calls


Extended Watchlist:
YUMA, AMPE, CTST, LXRX, DRRX, MLHR, JAGX, CGIX

Blue Horseshoe Stocks: COP Options Idea

ConocoPhillips COP – Options Idea

We’re running a little light this morning as we pick up for a new trading week, with no interesting earnings plays to fall back on. However, in our morning scan, we’ve picked up on an interesting play with energy giant ConocoPhillips.

The stock has been in a bullish pattern for most of the month so far, and this morning, we’re seeing a lot of oil plays bucking the trend of the overall markets, which appear to be bearish at the moment. We’re going to place a range of weekly options on watch this morning to coincide with the activity that’s currently unfolding.

Our targets of interest are going to be the COP Weekly $61-62.50 Calls.


Extended Watchlist:
BP, CRR, FTR, SPN, JAGX, XEC, PBR

Blue Horseshoe Stocks: Options Movers

Options Updates: 

We’re going to start out this morning by going over some recent extended term options ideas we’ve had and the success they’re enjoying after Friday’s market rebound from Wednesday’s big dip. We are also seeing the makings of a continuation of Friday’s momentum today, so we expect to see the gains listed on our ideas to below to be expanded with another bullish session. 

Agilent technologies, Inc. A – Our timing with Agilent couldn’t have been much better, citing the A 9/20 $65-70 Calls as our area of interest on Wednesday. The recovery that would follow for stocks in general would  help push those targets to some extremely solid intraweek runs.

$65 Calls – Range: 3.50-6.71 – Max Gain: 92%
$67.50 Calls – Range: 2.30-4.48  – Max Gain: 95%
$70 Calls – Range: 1.35-2.80 – Max Gain: 107%

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Boeing Corp. BA – We have been tracking a range of Boeing calls since early this month, signaling our interest in the BA 09/06 $340-350 Calls on the morning of August 5th. We’ve seen some pretty good activity from four out of those five sets of contracts, and will continue to monitor for further gains as we mentioned above.

$340 Calls – Range: 2.80-4.64 – Max Gain: 66%
$342.50 Calls – Range: 2.10-3.70  – Max Gain: 59%
$345 Calls – Range: 1.08-2.85 – Max Gain: 164%
$347.50 Calls – Range: 1.60-2.35 – Max Gain: 47%
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Fresh Idea:
SPY Weekly $290.50-291.50 Calls


Extended Watchlist:
CPST, REKR, BGG, RVLT, NOVA, AXSM, WB, JAGX, VRAY, INPX