Blue Horseshoe Stocks: More SPY Action

SPDRA S&P 500 ETF (SPY)

We want to formulate a new options idea for the SPY, but first, we would like to present the final performance of the Weekly SPY Calls we signaled last Tuesday.

Those were the SPY Weekly SPY Weekly $272.50-274 Calls and the gains they experienced over the course of the short holiday week were exceedingly impressive, with percentage increases in the thousands on two out of four contracts, with the other two set not trailing far behind, with huge multi-bag gains of their own. .

$272.50 Calls – Range: .43-3.35 – Max Gain: 679%
$273 Calls – Range: .28-2.82 – Max Gain: 907%
$273.50 Calls – Range: 17-2.35 – Max Gain: 1282%
$274 Calls – Range: .09-1.82 – Max Gain: 1922%

As we mentioned above, we’ve got a fresh idea for the SPY for today as well. in the wake of this morning’s positive jobs numbers. We’re going to keep an eye on the SPY 07/09 (Expire Today*) 275.50-277 Calls.

*Speculation in these contracts today is tantamount to trading weekly options on a Friday. Should NOT be attempted, except by veteran traders with disposal funds!


Intrexon Corp. XON – Form-4 Bottom Bouncer

We’re very interested in the current scenario with XON. We noticed the CEO purchasing roughly $100M worth of the company’s stock last week at 13.37, and we like the current technical setup as well, with a strong bottom bounce in progress along with a gap on the chart to the upside.

We could see an significant move happening for the stock itself, but we also want to include an extended term options idea for more leverage in the case of a protracted recovery, which is presently looking like a solid possibility. We’ll have an eye on the XON 08/17 $14-17 Calls.


Extended Watchlist:
BIOAQ, PVG, SECO, RIOT, LEDS, ASTC, RIBT

Blue Horseshoe Stocks: XNET Keeps Rolling & More

Urban Outfitters, Inc. URBN – Options Rehash

We offered up an options idea for the URBN chain yesterday morning, and we’re happy to report that it resulted in some really solid single session gain opportunities coming into play.

There were quite a few pundits claiming that URBN was due for some consolidation or sideways trading, but we felt good about the company’s earnings beat, including rising same store sales. It turns out we were the one who were correct. Just take a look at the profits that were on the table for our ideas during yesterday’s session.

URBN Weekly $28-29.50 Calls
$28 Calls –
Range:  .80-2.00 – Max Gain: 150%
$28.50 Calls – Range:  .45-1.60 – Max Gain: 255%
$29 Calls – Range:  .35-1.10 – Max Gain: 214%
$29.50 Calls – Range: .25-.80 – Max Gain: 220%

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Fresh Idea:
Deere & Co. DE Weekly $143-146 Calls


Xunlei Ltd. XNET

Yesterday, we were just rehashing our timely alert from earlier this month, when we tagged XNET shortly after which time, we observed the stock trading for as little as 8.14 a share.  In what has been a solid month of November for this play, the gains it piled on quickly surged into multibag territory, and yesterday, the stock continued its very impressive climb by once again hitting new annual highs.

XNET reached 24.29 during yesterday’s session, which represents a significant extension to the gains we’ve witnessed thus far. From our observed low of 8.14, the new high marked an increase of 198% in just the last few weeks. Volume was also at its highest level of 2017, so we’re very interested to see how the rest of this scenario plays out.

XNET recently made it known that it was going to focus on blockchain tech, which is a large part of the reason why the stock has been running like a scalded cat. The crypto space has been the talk of the town for some time now, and as you can see, it’s really given this one a push.


Extended Watchlist:
GROW, EPE, LEDS, CPRT, TLGT, AXTA, KONE