Tag: JSDA

Blue Horseshoe Stocks: Options Bonanza!

OPTIONS UPDATES

Shoe Carnival, Inc. SCVL- Fresh for yesterday morning’s premarket report was an idea for the Shoe Carnival options chain, in response to the company’s post-market earnings beat from Tuesday afternoon. We cited the SCVL 04/18 $35-40 Calls as being most attractive to us, and we met with some solid success on day one.

With the help of a move out of the stock from 35.00-37.72, we saw significant movement from each of our designated strike prices. The $35 Calls saw a low of 1.56 and reached a high of 3.50, which represents a max gain possibility of 124%  while the $40s impressively ran 233% from .30-1.00.

A strong close for SCVL indicates a very plausible chance at seeing even more gains in the near-term, so we’ll continue to track the activity here.
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Centene Corp. CNC – Along with the SCVL idea, we also floated a longer-term one for CNC that produced instantaneous results. We had targeted the CNC 09/20 $50-55 Calls and despite such a lengthy period remaining until expiration, we saw some excellent volatility there in just a single session.

The $50 Calls traded up from 1.80 to 3.50, a gain of 94% while the $55 Calls ripped a big gain  from .31-1.05, which works out to an intraday pop of 239%


Lululemon Athletica LULU

We also want to issue a fresh idea for LULU this morning after the company’s own post-market quarterly financials drop, which included a big earnings beat and some enticing guidance for the remainder of the year. The stock is surging to all-time highs in the premarket, and we don’t want to get caught sitting on our hands when the lid blows.

We’re going to radar the LULU Weekly $162.50-170 Calls, which could end up seeing some serious gain activity over the next session or two.
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Bonus Idea:
FIVE Weekly $125-127 Calls

Extended Watchlist:
JSDA, PVH, URG,

Blue Horseshoe Stocks: SPY Options & More

SPDR S&P 500 ETF Trust – SPY

We’re projecting a solid day for the markets as a whole to close out the week as positive jobs numbers just hit, and usually in these cases, we like to use the SPY to get in on the action in the short term. We’re going to designate the SPY Weekly $247-248.50 Calls* as our contracts of interest.

Not only did hiring stay strong while jobless claims fell , but non-farm payroll gains exceeded expectations by a considerable margin, foreshadowing strength in US labor. To boot, the June Trade Balance figures came in and roughly $1.3B was shaved off of the expected trade deficit. All in all, these are several contributing factors that could certainly energize today’s session, and produce considerable intraday gain opportunities in our highlighted options.

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GoPro, Inc. GPRO

While we’re thinking of potential quick-strike options plays, we’ve got to take a look at GPRO, which is gapping up in the premarket this morning on the heels of its Q2 earnings beat, and strong outlook. We’ve been familiar with GRPO options in the past, although it has been quite some time.

Prior to these bolstered figures as well as an analyst upgrade from Morgan Stanley this week, GPRO shares had been somewhat stuck in the mud for most of the summer so far. An extended rebound could be in the cards, but for now, we’ll just track today’s activity on the GPRO Weekly $9-10 Calls*.
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*We don’t include mentions of weekly options contracts on a Friday without explicitly warning our readers every single time. Trading weekly options at the end of the week is an exceedingly risky proposition that should never be attempted by beginning or novice traders!

Extended Watchlist:
JSDA, PDLI, HDP, MTZ, SRNE, ARGS

JSDA | Jones Soda Co. | Momentum Mover

Jones Soda Co.  JSDA

We are alerting JSDA as a momentum mover/bottom bouncer this morning. The stock had news yesterday which has facilitated the start of an uptrend. We don’t often cover NASDAQ plays, unless conditions are just right.

The stock has been known for rapid, massive gains in the past, and after nearly a year of slow decline, JSDA finally looks as if it is primed for a reversal of fortune.

The sheer number of authorized retailers pointed out in yesterday’s press release is fairly impressive, with some of the nation’s largest grocery chains being added to the list of authorized Jones Soda Products vendors. It should be interesting to see how such a stride will be received by the investment community.

SEATTLE, WA, Dec 05, 2011 (MARKETWIRE via COMTEX) — Jones Soda Co. (NASDAQ: JSDA), a leader in the premium soda category and known for its unique branding and innovative marketing, today announced it has received 2012 retail authorizations from several U.S. chains, including grocery giants Safeway, Winn-Dixie and Publix, Kum & Go convenience stores and all U.S. military commissaries. Jones has added several new chains in Canada as well, including Food Land, which further expands Jones’ product distribution within the Sobeys chain of stores. Earlier in the year Jones Soda also secured authorizations for Ralphs, Albertsons, Giant Eagle, Cub Foods and ShopRite stores.