Blue Horseshoe Stocks: PANW Pops & More

Palo Alto Networks, Inc. PANW

Fresh for yesterday’s morning report, we offered up an idea for the PANW chain, the PANW Weekly $215-222.50 Calls. With the aid of an excellent session for the markets as a whole, PANW went with the trend and produced enough intraday movement to provide us with significant single-session gain opportunities.

Here were the maximum possible gains that were on the table for the day, which were, quite frankly, very impressive:

$215 Calls – Range: .20-2.06 – Max Gain: 930%
$217.50 Calls – Range: .15-1.05 – Max Gain: 600%
$220 Calls – Range: .06-.38 – Max Gain: 533%
$222.50 Calls – Range: .06-.20 – Max Gain: 233%

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PVH Corp. PVH

Our next order of business as we close out this holiday-shortened week is to provide further updates on PVH. We scored multi-bag gains with all three of our highlighted contracts,  the PVH 09/20 $75-85 Calls on Wednesday, and cautioned readers that more gains could be on the way in yesterday’s report.

That’s exactly what occurred, so this morning we are updating the highs on our ideas, which extend the total possible profits over a two-day span by a significant margin. 

$75 Calls – Range: 5.10-9.89 – Max Gain: 94%
$80 Calls – Range: 2.00-5.60 – Max Gain: 180%
$85 Calls – Range: .55-2.49 – Max Gain: 353%


Fresh Options Idea:
SPY Weekly $298-299 Calls*
LULU Weekly $197.50-200 Calls

*Please don’t attempt to trade options with a weekly expiration on Fridays unless you are an advanced level trader with access to disposable funds!


Extended Watchlist:
MNK, FRO, GCO

Blue Horseshoe Stocks: Solid Runners

SOLID RUNNERS

We tagged both INSY and HSGX in yesterday morning’s premarket report, and both stocks produced admirable runs on the day. 

INSYS Therapeutics, Inc. INSY just registered its lowest price ever earlier this week, and we thought it would be worth it to track as a potential bottom-bounce play. The return was instantaneous. INSY opened at a low of .32 before running as high as .74, which marks an intraday pop of 131%

There is still a huge gap to the topside on the chart, so we’ll definitely continue to monitor the activity on INSY in the days and weeks ahead.
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Histogenics Corp. HSGX was also a solid mover for us on the day yesterday. This stock has traded mostly flat for the whole of 2019 so far, but it looks like we tagged it as a bottom play at an opportune moment.

From a low of .24 it reached .32 for a respectable 33% gain, but this could just be the beginning. We’ll want to continue tracking this play as well.

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FRESH OPTIONS IDEAS: 
Lululemon Athletica LULU Weekly $177.50-182.50 Calls
Duluth Holdings, Inc. DLTH  08/16 $15-17.50 Calls
RH, Inc. RH Weekly $120-118 Puts 


Extended Watchlist:
SMRT, LTBR, NAKD, AMR, ADT, RRGB, YUMA

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: APHA, MDCA & More

Aphria, Inc. APHA

Yesterday morning in our premarket report, we said that the unusually high short interest in APHA was one of the factors playing into our decision to designate it as a bottom-watch play. The rebound we were looking for came instantaneously for us with APHA heating up, and the short squeeze was on.

From a low of 3.75, the stock cruised on up to a high of 5.59 for a daily burst amounting to 49% on considerable volume. We’ll be looking for APHA to continue to make up some of the ground it has lost over the past month.



MDC Partners, Inc. MDCA

Another stock we included as a bottom play yesterday, MDCA also experienced a solid performance on the day. It traded from a low of 2.57 on up to 3.29, for a moderate but respectable 28% gain.

It also factored in as the NASDAQ’s fourth largest gainer of the session. The run came to an end right around an area of previous resistance, so we’ll look for it to break that top in the sessions ahead.



Fresh Options Ideas

Cronos Group Inc. CRON Weekly $13-15 Calls* – As we were just mentioning on Tuesday, we first tagged CRON back on Halloween, at which time the stock was trading at a low of 7.10. This morning in the premarket the stock has attained an impressive new high of 14.58, marking a five week run of 105% The above mentioned calls are how we’re going to attempt to take advantage of today’s new movement on the chart.

Lululemon Athletica, Inc. LULU Weekly $130-133 Calls*

SDPR S&P 500 ETF (SPY) Weekly $268-270 Calls*

*Caution: NEVER trade options contracts with a weekly expiration on a Friday unless you are an expert level trader with disposable funds!


Extended Watchlist:
SGSI, DNR, NOG, RIG, OMED, WTI, WLL, CRC, CASI, KTOS

Blue Horseshoe Stocks: LULU Recap & More

Lululemon Athletica LULU – Recap

If you have been following our newsletters for any significant period of time, you know that we’ve been hitting home runs left and right in the options trading arena. We offered up a range of contracts in the LULU chain to watch on Friday on the heels of the company’s earnings drop, the LULU Weekly $149-152.50 Calls.

Unsurprisingly, we saw some very nice activity out of those plays to close out what had already been another successful week for options.

$149 Calls – Range: 5.35-10.70 – Max Gain: 100%
$150 Calls – Range: 5.00-10.75 – Max Gain: 115%
$152.50  Calls – Range: 2.95-7.30– Max Gain: 147%
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Another very notable move from the plays we were watching last week came from the SPY $290 Calls which experienced a significant dip and rip, trading as low as .06 before closing at .65, an intraday rise of 983%


Extended Watchlist:
RIOT, SPPI, NBEV, ALT, RIGL, TLRY, CRON