Blue Horseshoe Stocks: Wrapping Up a Solid Week

Five Below Inc. FIVE

Fresh for yesterday morning’s premarket report, we jumped on the FIVE options chain with some quick-strike ideas in the FIVE Weekly $125-127 Calls and after an impressive $5+ intraday run for the stock itself, all three of those ideas bore fruit instantly. We wanted to recap the performance this morning, as well as update our idea for this play.

$125 Calls – Range: 2.40-5.00 – Max Gain: 108%
$126 Calls – Range: 2.18-3.30 – Max Gain: 51%
$127 Calls – Range: 1.64-3.00 – Max Gain: 83%

With FIVE gapping up again in the premarket today, we expect to see further gains from the above-mentioned contract sets, but we also want to roll up our potential strike prices a bit to follow the money a little closer. We’ll include the FIVE 04/05 $128-129 Calls in our pool of ideas going forward.


FRESH IDEAS:

BlackBerry Ltd. BB – Fresh off of the scanner this morning, we’ve got BlackBerry making waves in the premarket after a solid beat on revs and profits, in a quarterly release that included record software IP licensing. We’re going to keep an eye on the BB Weekly $9-10 Calls*.
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CarMax, Inc. KMX - CarMax also reported this morning, and it too is moving the needle in the premarket on the heels of a beat on profits. We’re going to add the KMX Weekly $65.50-67 Calls* to our tracklist for today as well.

*DO NOT attempt to trade weekly contracts on a Friday unless you an advanced level trader with access to disposable funds!


Extended Watchlist:
COBI, RVLT, PIXY, TGTX, AWSM, ACET, AMRS

Blue Horseshoe Stocks: Options Reviews

CarMax, Inc, KMX – Recap

Yesterday morning we placed a set of contracts from the KMX chain on our radars, and while we didn’t yet see a clean sweep of gains from bottom to top, the beginnings of some really nice activity did take place in the lower end of the range.

We had designated the KMX Weekly $77-79 Calls as our contracts of interest and the 77-78′s came alive for some excellent intraday moves.

$77 Calls
– Range: .10-.85 – Max Gain: 750%
$77.50 Calls – Range: .11-.60 – Max Gain: 445%
$78 Calls – Range: .05-.40 - Max Gain: 700%


Adobe Systems, Inc. ADBE – Recap

We included an idea for the Adobe options chain on Monday morning, and have also seen some very nice gains there as well this week. This all three of our targets, the ADBE 10/26 $260-265 Calls have produced chances at big-time multibag gains over the past three sessions.

We reported nominal gains on Tuesday morning, but after an extra couple of trading days, we’ve seen those ranges extended by a considerable margin.

$260 Calls– Range: 8.05-14.28 – Max Gain: 77%
$262.50 Calls – Range: 7.25-12.93 – Max Gain: 78%
$265 Calls – Range: 4.85-9.90 – Max Gain: 104%


Extended Watchlist: 
CEI, AMRS, UPL, AMDA, GWPU, YUMA, AWSM

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Blue Horseshoe Stocks NKE Bear, KMX Bull & More

Earnings-Related Options Ideas

Our regular readers know that quick-strike options trading of plays that have just seen their quarterly earnings releases are among our favorite scenarios. The volatility afforded to us by these events is key to the type of opportunities we are commonly after.

This morning, we have NKE which has untraded-upon earnings reported in the post-market yesterday, and Carmax which dropped its report in the premarket today. We’ve got a set of bearish ideas for NKE and bullish ideas for KMX.

We’ll place the following targets on our watchlist today to monitor throughout the remainder of the week:

CarMax, Inc, KMX Weekly $77-79 Calls
Nike, Inc. NKE Weekly $83.50-81.50 Puts

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L.B. Foster Co. FSTR

We also have a longer term idea for the FSTR chain. As you can see on the chart snapshot we’ve included below, the stock is presently exhibiting a strong multiple-bottom.

We’re going to place the FSTR 10/19 $22.50 & $25 Calls on watch in the likely event that a recovery does occur.


Extended Watchlist: 
MYSZ, TTOO, GPRO, GLBS, TTNP, INNT, DCIX, ONTX

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Blue Horseshoe Stocks: More Big Options Calls

Options Review

Once again we were able to score some good quick-strike options trading opportunities with the fresh ideas included with yesterday morning’s premarket report. It continued an extremely solid run of options ideas this week.

In three separate options chains, we selected a total of 12 options contracts to monitor, and solid chances for significant intraday gains were produced by 10 of those:

The Kroger Co. KR Weekly $28-29.50 Calls
$28 Calls
– Range: .41-1.04 – Max Gain: 154%
$28.50 Calls – Range: 21-.68 – Max Gain: 224%
$29 Calls – Range: .08-.41 – Max Gain: 413%

Darden Restaurants Inc. DRI 07/20 $100-115 Calls
$100 Calls
– Range: 3.00-8.20 – Max Gain: 173%
$105 Calls – Range: .90-4.10 – Max Gain: 355%
$110 Calls – Range: .30-1.50 – Max Gain: 400%
$115 Calls – Range: .05-.45 – Max Gain: 900%

Micron Technology, Inc. MU Weekly $61-62.50 Calls
$61 Calls – Range: .22-.57 – Max Gain: 159%
$61.50 Calls – Range: .17-.37 – Max Gain: 118%
$62 Calls – Range: .10-.24 – Max Gain: 140%
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More Fresh Ideas

We had an excellent day with yesterday’s fresh trio of options ideas*, so why not formulate another three to close out what has been a fantastic trading week. 

SPDRA S&P 500 ETF (SPY) Weekly $274-275.50 Calls*

BlackBerry Ltd. BB Weekly $11-12 Calls*

CarMax, Inc. KMX Weekly $75-78 Calls*

*Never trade weekly options on a Friday unless you are an expert trader with disposable funds!


Extended Watchlist:
FCEL, FTI, INPX, TS, TNTR, BPMX, CRC, OAS

Blue Horseshoe Stocks: KMX Recap & More

CarMax, Inc. KMX 

First up this morning, we’re going to start off the fresh trading week by reviewing the performance of the CarMax options we signaled in Friday’s premarket report on the heels of the company’s Q2 earnings beat.

We’re constantly pounding the table on post-earning options trading, simply because we are so very often successful in our selections. Volatility is a swing trader’s best friend, and few things create it more quickly and effectively than a solid beat on earnings.

So we signaled our interest in tracking the KMX Weekly $69.50-71.50 Calls and it worked like a charm:

$69.50 Calls - Range: 1.21-4.96 – Max Gain: 310%
$70 Calls – Range: 1.10-4.40 – Max Gain: 300%
$70.50 Calls – Range: .55-3.78 – Max Gain: 587%
$71 Calls – Range: .35-3.50 – Max Gain: 900%
$71.50 Calls – Range: .30-2.41 – Max Gain: 703%



Helios and Matheson Analytics, Inc. HMNY

We just updated our readers on our coverage of HMNY last Wednesday, when we pointed out that we slated the stock for tracking on August 15th and observed a subsequent low of 2.42. By midweek the stock had already made a considerable move up, but Friday’s session brought another big pop to new highs.

HMNY traded in a daily range from 5.67 to 7.95 gaining 40%, a very respectable intraday move in and of itself. The new high marked an overall move of 229% from our observed low.

Volume was much higher than average all last week, and the stock maintain roughly half of its daily advance into a fairly strong close, so we’ll need to keep monitoring HMNY for the continued establishment of higher highs and higher lows.


Extended Watchlist:
BYOC, ACER, IZEA, RIG, ARDM, INFI, IDXG