Blue Horseshoe Stocks: Multiple Updates

JB Hunt Transport Services, Inc. JBHT

The most interesting options trading candidate we are seeing from the pool of un-traded upon earnings reporters is JBHT, which dropped an extremely solid quarterly in the post-market yesterday. The company beat on earnings, year-over-year revenue, and bested expectations on guidance as well.

We are going to track a pair of contracts, the JBHT Weekly $95-100 Calls to try to take advantage of the resulting activity.
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CORRECTION: Reviewing Friday’s Winners:

Yesterday, through a small error, our newsletters went out without the proper figures for our options ideas on Friday. Here are the correct gain totals.

SPDR S&P500 (ETF) SPY Weekly $299-300 Calls
$299 Calls – Range: .67-1.75 – Max Gain: 161%
$299.50 Calls – Range: .34-1.20 – Max Gain: 252%
$300 Calls – Range: .13-.75 – Max Gain: 477%

Cigna Corp. CI Weekly $167.50-175 Calls
$172.50 Calls – Range: 1.26-4.30 – Max Gain: 241%
$175 Calls – Range: 3.70-6.55 – Max Gain: 77%


American Electric Technologies, Inc. AETI

We try to keep running tabs on everything we mention in our daily reports, and in AETI we have a stock that we tagged for observation at the end of May. In the seven ensuing weeks, the stock has more than doubled.

We observed a low of .60 in AETI subsequent to our initial alert and the stock managed to register a new high of 1.45. That works out to an overall rise of 142% and was good for the #2 spot on the NASDAQ gainers list for the day. If it can break previous resistance at 1.61, it will officially be in blue sky territory.


Tautachrome, Inc. TTCM

Our OTC play from yesterday morning was indeed a runner. The stock made an intraday move from a low of .0103-.0197, which marks a 91% gain on what amounted to more than five times the monthly average daily volume.

The extreme volatility here, like the options plays we select, is what makes this attractive to us as short-term traders. We’ll continue to keep an eye on TTCM for any other possible swing trade opportunities.


Taronis Technologies, Inc. TRNX

One we’ve been watching since Monday of last week is TRNX, which was trading for as little as .1832 following our most recent update.

It trended up to and closed at a high of .35 yesterday, and so far in the premarket this morning it has reached as high as .53. That’s an incredible swing of 189% inside of a week! We’ll want to see previous resistance at the 50DMA to hold as support on any pullbacks.


Extended Watchlist:
OSTK, OBLN, MARK, DSS, MLNT, BPTH, NVCR, CGIX

Blue Horseshoe Stocks: AYTU Review & More

Aytu Bioscience Inc. AYTU

Our attention is being drawn back to AYTU this morning, a stock that we placed on watch at the end of March. From the low of 1.55 we observed on the morning of our initial report on the 27th, AYTU had been gradually stair-stepping its way up the chart, reaching a high of 2.47 just last week (+59%).

This morning in the premarket, AYTU reached a brand new high of 2.90, marking an increase of 87% over our initially observed low, and leaving us anxious to see how the activity unfolds from here.


Amplitech Group, Inc. AMPG – Update

We also want to provide another quick update on AMPG, which printed new highs yet again yesterday for the second consecutive session. The stock hit .065, which marks a 51% rise over the .043 low we witnessed at the beginning of last month, when we released our first Special Report on AMPG.

A lot has happened in that span, which you can learn more about by exploring the links in the update we provided on AMPG in yesterday’s premarket report. We would not be at all surprised to see AMPG continue to add to the gains we’ve seen thus far.


FRESH OPTIONS IDEA:

Friday was a fantastic day for the markets, and yesterday was quite poor by comparison. Today it appears as if the see-saw may continue with another bullish session, so we’re going to place the SPY 05/15 $281-282.50 Calls on watch to coincide with our current market sentiments.


Extended Watchlist:
STM, ADMA, DPW, NAKD, EXAS, VCYT, USAT, MARK

Blue Horseshoe Stocks: Fresh Options Ideas

Options Roundup

We are going to close out this trading week, which not-atypically presented us with stock and options plays that went for multibag gains, by formulating another group of options ideas. ULTA reported earnings yesterday post-market, we’ve been tracking NTNX for several sessions, and we’re looking at the SPY as the market is gapping up this morning.

ULTA Weekly $320-327.50 Calls*
NTNX Weekly $37.50-39 Calls*
SPY Weekly $280.50-281.50 Calls*


*As always when we signal weekly options on a Friday we must insist that you NOT attempt any of these trades unless you are an advanced level trader with access to disposable funds! It is an extreme high risk/high reward undertaking!


Extended Watchlist:
AVGO, AKAO, DFRG, BIOS, MGTA, MARK, CLNC, EQBK

Blue Horseshoe Stocks: Form-4 Alert & More

Options Updates 

We offered up a couple of fresh options ideas in yesterday morning’s report, GIS Weekly $37.50 Calls, and the MU Weekly $31-32 Calls. Despite the markets taking yet another hit in the wake of the Fed’s interest rate hike, both of those ideas managed to produce some positive intraday movement prior to the announcement.

The GIS $37.50′s traded up from 1.31 to 1.80, for a modest 37% rise, but the MU calls did considerably better, logging multi-bag gain opportunities:

MU Weekly $31-32 Calls
$31 Puts – Range: 1.03-2.47 – Max Gain: 140%
$31.50 Puts – Range: .70-2.21 - Max Gain: 216%
$32 Puts – Range: .46-1.83 - Max Gain: 298%


Axovant Sciences Ltd. AXON – Form-4 Alert

We routinely keep an eye out for brow-raising insider trading activity, and have run across AXON today. A trio of stakeholders filed Form-4′s on Tuesday alluding to the purchase of a total of $30M in AXON stock in three $10M transactions, at the current relative lows near a dollar. That amounts to over a quarter of the company’s total market value.

To us, this would seem a fairly big indicator that these institutional investors are very confident that the stock will not fall below these levels. We’ll go ahead and place AXON on an extended term bottom-watch into the New Year.


Extended Watchlist:
OHGI, OPTT, YRIV, GMO, PTX, GERN, SBS, NXTD, MARK, HEAR

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Blue Horseshoe Stocks: LULU Recap & More

Lululemon Athletica Inc. LULU – Update

We signaled a range of calls in the LULU options chain in the wake of the company’s earnings beat yesterday morning, and we were met with some fantastic opportunities at huge single-session gains.

Every one of the five sets of contracts, the LULU Weekly $83-85 Calls, produced a shot at double-bag gains on the day, which were as follows:

$83 Calls
– Range: 1.60-4.50  – Max Gain: 181%
$83.50 Calls – Range: 1.25-4.15 – Max Gain: 232%
$84 Calls – Range: 1.20-3.80– Max Gain: 217%
$84.50 Calls – Range: 1.00-2.90 – Max Gain: 190%
$85 Calls – Range: .82-3.24 – Max Gain: 295%

With such solid moves in just one day, LULU doesn’t owe us anything, but we’re still going to roll up our potential strike range and monitor the Weekly $85-86 Calls* as we finish out this short trading week.
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Fresh Options Idea:
Constellation Brands, Inc. STZ Weekly $222.50-230 Calls*

*Do NOT trade weekly calls on the last day of the week unless you are an expert level trader!


Elev8 Brands, Inc. VATE

As you can see from our commentary on the annotated chart below, we’re interested in the setup of the VATE chart at the moment. The stock just began to consolidate off of a sizable surge that had persisted for most of this month.

We’re going to put it on bottom watch, and look for an eventual rebound in the event it can maintain support at or above the .05-mark.


Extended Watchlist:
AYTU, AQMS, ESES, PTCT, CPRX, MARK, MYSZ. RAS