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

Blue Horseshoe Stocks: WOLV Video Chart, Options & More

Wolverine Technologies Corp. WOLV

We want to place WOLV on watch this morning for a couple of reasons. Apart from coming off of a recent support level and showing some bottom-bounce activity, we also like the involvement of David Chalk, formerly of the TV show, Tech Talk with David Chalk.

David recently signed a purchase agreement with the company, with plans for him to come on board as a tech consultant once the transaction is completed, so someone of his notoriety putting skin in the game on WOLV definitely gets our attention. And, as we said, the stock is also interesting from a technical standpoint.

View the following video presentation of the chart going over what makes WOLV an attractive play at the moment:



Solid Picks From Yesterday

We had a couple of the stock ideas from yesterday morning’s premarket report pan out for some good intraday moves:

Worlds, Inc. WDDD
– Trading Range: .017-.029 – Gain: 71%

MarilynJean Interactive, Inc. MJMI –
Trading Range: .205-.255 – Gain: 24%

Added Note: We’ve been tracking Intermolecular, Inc. IMI since Wednesday and it has made small increases, reaching higher highs each day. We want to continue to watch this multi-day mover.


Macy’s Inc. M – Options Update

We reminded our readers yesterday of just how adept we’ve become at spotting prime options trading opportunities on the heels of impressive earnings calls, and Macy’s was ultimately a fantastic target for us in that regard.

We specified a target range that included seven sets of contracts, and multi-bag single-session moves were made by every single one of them! Our selections, the M Weekly $36.50-39.50 Calls, turned out the following gains on the day:

$36.50 Calls
– Range:  1.81-3.76 – Max Gain: 108%
$37 Calls – Range: 1.55-3.30 – Max Gain: 113%
$37.50 Calls – Range: 1.23-2.61 – Max Gain: 112%
$38 Calls – Range: .74-2.35 – Max Gain: 218%
$38.50 Calls – Range: .25-1.55 – Max Gain: 520%
$39 Calls – Range: .26-1.40 – Max Gain: 438%
$39.50 Calls – Range: .18-.97 – Max Gain: 439%

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Fresh Options Ideas:

We also want to keep a close eye on a couple of other earnings-related plays. Both JC Penny’s (JCP) and Nordstrom’s (JWN) have beaten expectations on the Street, so we’re going to have some ideas standing at the ready for each of them:

JCP 08/19 $9.50-10.50 Calls

JWN 08/19 $50-55 Calls


Extended Watchlist:
DFSH, SNWV, TREP, WTII, ALJ, GBR