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.
_____

Options Idea: PLAY Weekly $53-54.50 Calls


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

Blue Horseshoe Stocks: Big Week for Options

Morgan Stanley MS – Recap

Earlier in the week we highlighted a pair of options calls in the Morgan Stanley chain following the company’s Q3 earnings report on Tuesday, in which it reported a solid beat of Wall Street expectations on profits.

As a result, the MS Weekly $43.50 & $44 Calls that we signaled in our report produced some very nice chances for traders to lock in multi-bag profits.

The $43.50 Calls, from their low of 1.32 reached 4.20, for an intraweek gain of 218% The $44 Calls low came in at .85, and it went on to log a high of 3.65. That worked out to an overall increase of 329%


Fresh Options Ideas

Paypal, Inc. PYPL – The first of our earnings related options ideas to close out the week is going to be Paypal, whose stock saw early gains on the heels of the company’s report which entailed a big boost from the company’s Venmo offshoot. Revenue streams have been growing as Paypal has launched several initiatives within the platform. We are going to be looking at the PYPL Weekly $81-83 Calls* as we close out the trading week.

The Procter & Gamble Co. PG – We’re also looking at PG, which reported on its earnings this morning, and posted it’s biggest growth in sales for the last half a decade. Our idea for this particular play will be the PG Weekly $82-84.50 Calls*

*Please do not attempt to trade options with a weekly expiration on a Friday unless you are an advanced level trader with disposable funds. It’s an extreme risk/reward proposition!


Extended Watchlist: 
CLF, NIHD, TTGT, JMU, YNDX, CGA, CCL

Blue Horseshoe Stocks: CGC Bull Run Continues

Canopy Growth Corp. CGC

Ever since Constellation Brands’ (STZ) added a multi-billion dollar block to its stake in CGC, the corresponding options idea we put out on Wednesday morning  continues to pile on new highs.

Our designated targets were the CGC 09/21 $30-40 Calls, which as of yesterday morning had already produced chances at gains ranging from 150-350% Those ranges were extended by a wide margin thanks to yesterday’s activities.

$30 Calls – Range: 1.76-7.70 – Max Gain: 338%
$35 Calls – Range: .56-3.90 – Max Gain: 596%
$40 Calls – Range: .16-1.75 – Max Gain: 994%

(Note: The 32.50 and 37.50 calls didn’t trade much volume until yesterday session, where they too produced sizable gains)
________

Fresh Ideas:
TJX 09/21 $105 & 110 Calls 

GDX 09/21 $18.50-19.50 Calls


Extended Watchlist:
GALT, AMDA, ATIS, OHGI, JMU, NVDA, NFLX