Blue Horseshoe Stocks: Options Success & More

 AT&T, Inc. T – Update

As we were mentioning yesterday, AT&T was ripening for a rebound, and the stock did post a bullish session. It allowed for the beginning of what could still end up being an even more impressive move in the options contracts that we signaled for observation.

We put the T 01/19 $34-36 Calls on watch for a longer-term idea, and they got off to a good start, even as the markets in general took a turn for the worse. The solid performance of T made the following gains possible for our options calls:

$34 Calls – Range: .91-1.33 – Max Gain: 46%
$35 Calls – Range: .53-.89 – Max Gain: 68%
$36 Calls – Range: 37-.56 – Max Gain: 51%

At the present time, we still think AT&T has a ton of upside, with indicators on the chart suggesting that yesterday’s positive session was only a precursor to what could be a much bigger rebound.



Trio of Fresh Options Ideas

We’ve got a couple of daytrading ideas for the NVDA and ROKU options chains, and as we always do, we’d like to caution our readers against trading weekly options on a Friday unless you are an expert trader with disposable funds. It’s incredibly risky.

NVIDIA Corp. – NVDA Weekly $205-212.50 Calls
Roku, Inc. – ROKU Weekly $28-30 Calls

We’ve also got a fresh, longer-term idea to add to our list of tracked contracts, after noticing Price Smart was showing a strong double-bottom signal. We’ll place the following idea on watch in coming sessions.as we await this stock’s recovery.

PriceSmart, Inc. – PSMT 01/19 $80 & $85 Calls 


Extended Watchlist:
ATOS, CREG, JCP, SOGO, TOPS, RGSE, CSIQ

Blue Horseshoe Stocks: Retail Focus

Retail Focus

Macy’s, Inc. M - With the holiday season fast approaching, we’ll be on the lookout for retail plays with good upside potential, and Macy’s could be a good fit in that regard.

You can take a look at the chart below and see that the stock has just begun to show signs of a rebound after getting absolutely hammered earlier this month. Indicators suggest that the stock is rather oversold.

We’re going to radar a set of longer-term contracts, the M 11/17 $23 Calls, which should see a nice move if the stock can indeed regain the ground it’s lost over the past few weeks. There’s also a gap on the chart to the $28 area, the filling of which would propel those contracts to huge gains.


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JC Penney Co. Inc. JCP - Another retailer we’ve talked about many times in the past, particularly leading up to and during the holidays, is JCP.

Similar to the above mentioned play, the stock took a punishing hit to its PPS over the past few weeks, and has shown the beginnings of a rebound. It has an even larger gap on the chart, and a chance to fill it even quicker.

The stock itself could end up being a good recovery play, but we’ll also want to put a couple sets of options contracts on watch as well, with the JCP 11/17 $4 and 4.50 Calls.


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More Retail Ideas – Also in the retail sector, and each with premarket earnings beats, are American Eagle Outfitters, Inc. AEO and Express, Inc. EXPR. We’re going to radar the AEO Weekly $12 & 12.50 Calls, and the EXPR 09/15 $6 & $7 Calls.


Zion Oil & Gas, Inc. ZN

We also wanted to quickly update readers on the performance of ZN, after it was a topic of discussion in yesterday’s premarket report. While the stock didn’t break out by any means, it did trade from a low of 2.95 to a high of 3.42 for a modest 16% intraday move.

It did, however, manage to close just two cents below its high of day, so we’ll have it on continued watch this midweek, looking for the recording of higher highs and higher lows.


Extended Watchlist:
BLKG, RMRK, IMUC, NVAX, SCYX, DXTR,

Blue Horseshoe Stocks: Options Roundup & More

Options Roundup

We had good fortune with our fresh options call yesterday, so today we’re going to be recapping the total possible gains on those plays, as well as unearthing a couple of fresh ideas to add to the mix as we close out this trading week.

Delta Air Lines, Inc. DAL – Recap - Our inkling on DAL yesterday morning was to go bearish after a disappointing earnings call for the airline, with the DAL Weekly $55.50-53.50 Puts. We were not disappointed with our decision to do so, as those DAL puts went on to log the following double and multi-bag intraday moves for us before lunch hour was over:

$55.50 Puts – Range: .76-1.60 – Max Gain: 110%
$55 Puts – Range: .48-1.05 – Max Gain: 119%
$54.50 Puts – Range: .25-.65 – Max Gain: 160%
$54 Puts – Range: .13-.36 – Max Gain: 177%
$53.50 Calls – Range: .03-.17 – Max Gain: 466%
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Advanced Micro Devices Inc. AMD

Speaking of bearish options ideas, we want to enter another fresh set into the log this morning in AMD. This stock trades very cyclically, and from a technical perspective, looks as if it could continue to lose ground after a reversal this week. We’re going to place the AMD 07/21 $14-13 Puts on watch into next week in the event that our impression of this play is correct.
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BJ’s Restaurants, Inc. BJRI

Lastly on the options front, we are going to signal a range of extended-term calls on BJRI, which has a pretty attractive bottom setup on the chart at the moment. To take advantage of a potential sustained rebound, we’re going to be monitoring the BJRI 08/18 $35 & 40 Calls.
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Bonus Idea: NTNX 7/21 $20-25 Calls


Diana Containerships. Inc. DCIX

DCIX went into a full-on nose dive recently after it was announced that the company would be taking out roughly an $85M loan to settle a monster pile of debt, and the investment community did not take the news well.

The stock has subsequently fallen to new all-time lows, and that’s where we come in. We’re always looking for stocks like this to put on bottom-watch. Being egregiously oversold, DCIX may yet have a bit further to fall, but we’ll want to be ready for a reversal at any time. The resulting bounce-back could be considerable.


Extended Watchlist:
NPHC, DEWM, DOLV, FRO, JCP, CHFS, PIXY, HPJ, CTIC,

Blue Horseshoe Stocks: Updates, Options Review & More

El Capitan Precious Metals, Inc. ECPN

After observing a low of .1222 in ECPN subsequent to our alert on Wednesday, the stock has done nothing but show steady increases each day since.

Yesterday’s session brought an intraday move of 42% as the stock ran from .193-.275. That new high represents an overall increase of 125% in the four sessions since we began tracking.

Yesterday we stated that ECPN was receiving a rare 100% ‘Buy’ Rating at BARCHART.COM and that remains true this morning.



JC Penney Co. Inc. JCP – Options Update

Our options trading idea from Friday, the JCP 08/19 $9.50-10.50 Calls ended up having another great session for us to start the week yesterday. We mentioned that we’d be on the lookout for those plays to continue the momentum from Friday, when they afforded us gains ranging from 164-640%

It was a good thing that we did, because the three sets of contracts went on to not only make nice intraday moves, but a couple of them also extended our overall observed gains from the previous session by a significant margin.

$9.50 Calls – Range: 1.11-1.76  – Intraday: 59% – Two-Day: 300%
$10 Calls – Range: .63-1.31 – Intraday: 108% – Two-Day: 719%
$10.50 Calls – Range: .30-.83 – Intraday: 177%


MarilynJean Interactive, Inc. MJMI

We’ve been tracking MJMI since early this month, and the stock has performed quite well, mostly experiencing upward momentum during that time.

Our observed low on the play came in at .091 back on the 5th, and as of yesterday’s new high of .30 we had borne witness to an increase of 230%


Innovativ Media Group, Inc. INMG

INMG came off of yesterday’s watchlist, and the stock made a nice move on the day. From a low of .00475, it reached as high as .007 for a solid 47% jump, which occurred on roughly six and a half times the monthly average volume.


Extended Watchlist:
PEFF, NNLX, ELED, FPVD, BTGI, SFOR

Blue Horseshoe Stocks: JCP Options Recap & More

JC Penney Co. Inc. JCP – Options Update

On Friday morning, we offered up a fresh options trading idea for JCP to track in the wake of an earnings beat for the retailer. The specific targets we selected were the JCP 08/19 $9.50-10.50 Calls and after the excellent intraday move from JCP itself (9.70-10.72) each of those sets of contracts yielded the chance at some big-time single-session gains.

The total possible profits for on the day for each were as follows:

$9.50 Calls – Range:  .44-1.16 – Max Gain: 164%
$10 Calls – Range: .16-.79 – Max Gain: 394%
$10.50 Calls – Range: 1.23-2.61 – Max Gain: 640%

With the expiration on these contracts set for Friday, we’ll have the remainder of the week to continue observing these plays if the activity in JCP stock allows.


El Capitan Precious Metals, Inc. ECPN

We also want to provide an update on the performance of another idea we submitted to our readers last week,. We tagged ECPN for observation in Wednesday morning’s premarket report, and the stock spent the next three sessions trending up.

The low we witnessed on Wednesday came in at .1222 and that eventually gave rise to a new high of .1989 on Friday afternoon, marking a solid three-day swing of 63%  It also managed to close quite near its high-of-day, so we’ll be interested to continue following its progress as we kick off a new trading week.

It’s also worth it to mention that at present, ECPN is receiving a rare 100% ‘Buy’ Rating across the board for short, medium, and long term over at BARCHART.COM.


Extended Watchlist:
EPSC, INMG, ORIG, GOGO, TNXP