LULU Archives - Page 7 of 13 - Blue Horseshoe Stocks

Solid Options Movers

Options Roundup

We’ve got updates on a few of the options ideas we’ve been tracking this week. Despite a poor day for the markets in general, we were able to witness some solid intraday gain opportunities.

The following are the intraday ranges on our ideas for the options chains of RH, LULU, and the SPY:

RH Weekly $360-380 Calls
$360: 33.04-50.00 (+51%)
$365: 28.79-43.00 (+49%)
$370: 24.50-40.38 (+65%)
$375: 21.46-35.78 (+67%)
$380: 17.69-31.60 (+79%)
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LULU Weekly $340-335 Puts
$340: 6.61-21.57 (+226%)
$337.50: 6.10-18.12 (+197%)
$335: 3.98-16.72 (+320%)
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SPY Calls $340-341 Calls
$340: 1.81-2.78 (+54%)
$341: 1.40-2.20 (+57%)

Fresh Options Ideas

As we always like to do whenever possible, we’ll leave things off by signaling interest in some fresh options ideas to carry us across the finish line for the week.

ORCL Weekly $59-60.50 Calls
OSTK Weekly $77-78 Calls

Extended Watchlist:
BRTXQ, VNUE, SPI, GDET, DKMR

LULU Success, Fresh Options Plays

Lululemon Athletica Inc. LULU

Yesterday morning, we hashed out some options ideas, among which were the LULU Weekly $340-335 Puts. The company’s year-over-year quarterly figures came back low, as is to be expected with many retailers during the pandemic.

The lackluster earnings drop provided our bearish ideas with some intraday firepower that was as follows:

LULU Weekly $340-335 Puts
$340: 12.02-25.55 (+93%)
$337.50: 10.95-22.37 (+105%)
$335: 9.26-21.40 (+118%)
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Fresh Options Ideas:
RH Weekly $360-380 Calls
SPY Calls $340-341 Calls

Basanite Inc. BASA

On Tuesday morning, we signaled BASA for observation, keeping it on yesterday’s extended watchlist as well. Over those couple of sessions, the stock has made a very nice move from Tuesday’s low of .6147 to yesterday;s high of 1.12.

That works out to an intraweek wing of 82% and we will continue to keep an eye on this runner for the possibility of further advances.

Extended Watchlist:
VNUE, BFGC, VYON, WHEN, KNRLF

Options Success, Bottom Watch Play

SPY Options Review

Yesterday morning, we went bearish on the markets as a whole, signaling the SPY 09/09 $340-338 Puts for observation in our premarket report. Our hunch on the daily direction of the wind proved solid, as the contracts in our designated range produced healthy intraday runs.

Here are the moves and total possible gains we witnessed there:

SPY 09/09 $340-338 Puts
$340: 3.94-7.59 (+93%)
$339: 3.30-6.78 (+105%)
$338: 2.75-6.00 (+118%)
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Fresh Options Ideas:
KOD 10/16 $45-50 Calls
LULU Weekly $340-335 Puts

Akabia Therapeutics, Inc. AKBA

We took notice of AKBA this morning because of the intriguing setup of the chart. The company had a bad clinical report recently and fell off of an absolute cliff. We want to place this on bottom watch and observe closely over the next several sessions.

There is a massive gap to the upside that you could drive a truck through, so we’re going to be anxious to see when the stock will move to fill some of that gap.

Extended Watchlist:
NKLA, SPCE, CODX, BASA, ZNOG, IJJP

Options, OTC Updates

Options Reviews:

Despite a poor start to the day. the fresh options ideas we formulated for yesterday morning’s premarket report surged late in the session. The markets caught a momentary respite from the day’s losses leading up to the Fed meeting.

Here were the intraday gains posted by the targets we were tracking as the market spike occurred in the mid-afternoon:

SPY Weekly $321-323 Calls
$321: 1.41-3.50 (+148%)
$321.50: 1.85-3.47 (+88%)
$322: 1.69-2.93 (+73%)
$322.50: 1.51-2.65 (+75%)
$323: 1.33-2.40 (+80%)
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AMC Weekly $6-6.50 Calls
$6: .57-.93 (+63%)
$6.50: .35-.60 (+71%)
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Fresh Ideas:
ADBE $397.50-402.50 Calls
LULU Weekly $315-225 Calls

OTC Recaps:

Bantek, Inc. BANT – We had also recently signaled interest in BANT via our extended watchlist on June 1st. We’ve been including a lot more coverage of random OTC plays, and the success with those speculations has continued at a good pace.

Over the eight-session period that we’ve had it in our sights, BANT has traded up from a low of .0031, and went as high as .0085 yesterday. That’s an upswing amounting to 174%
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Ethema Health Corp. GRST – We tagged GRST in yesterday morning’s report, and saw a solid double-bag move there as well. The stock traded in a range from .0007-.0017, marking a 143% rip.

Extended Watchlist:
HYSR, PMCB, KBLB, DLCR, KGKG, OMID, HEXO

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