Blue Horseshoe Stocks: The Week in Review & More

SPDR S&P 500 ETF (SPY) – Options Recap

Our idea in weekly SPY calls has repeatedly produced this week, continuing the trend from Wednesday with a really nice session yesterday. Each of the three contracts in the our highlighted range of SPY Weekly $204-206 Calls pushed the upper limits and soared to new highs as markets rallied for the third straight day.

On the table below, we’ve included both yesterday’s daily gains, as well as the total increase off of our observed lows from Wednesday (1.45, .87 and .47 respectively):

$204 Calls – Range: 2.59-5.46 – Intraday Gain: 111% – Overall Move: 277%
$205 Calls – Range: 1.68-4.51 – Intraday Gain: 168% – Overall Move: 418%
$206 Calls – Range: .83-3.58 – Intraday Gain: 331% – Overall Move: 662%


Mobileye N.V. (MBLY) - Update

We also had a fresh idea in yesterday’s report, namely the MBLY Weekly $44.50-46.50 Calls. While we didn’t see a full sweep of our observed range in terms of big potential profits, three out of the five sets of contracts recorded sizable intra-session pops, including a monstrous octuple-bagger in the 46′s!

$45 Calls – Range: 1.80-2.50 – Max Gain: 144%
$46 Calls – Range: .31-3.00 – Max Gain: 868%
$46.50 Calls – Range: .70-1.50 – Max Gain: 44%


Netflix, Inc. NFLX – Fresh Options Idea

We’ll go ahead and close out what has been a fruitful trading week for options with one final idea. We’re going to zero in on NFLX Weekly $93.50-95.50 Calls.  We’ll need to see NFLX hold above its premarket low of 93.49 on any pullbacks for our interest in these contracts to remain in force, and if this week’s market-wide recovery trend perpetuates, it shouldn’t have much trouble doing so.

*As usual, we’ll warn our less-seasoned readers that messing with weekly options contracts on a Friday is an inherently risky proposition for expert traders only!


Five Star Quality Care, Inc. FVE

We also want to provide a quick update on a stock we tagged for observation in yesterday’s watchlist. While the intraday gains amounted to a modest 14%, we’re going to be keeping an eye peeled for further activity as we head into the long holiday weekend.

If the stock can maintain support above the current 50DMA of 2.13 on any forthcoming consolidations, it will continue to hold our interest.


Bottom Watchlist:

The following will be on our radars as possible bottom-plays: Sipp Industries, Inc. SIPC  &  Guided Therapeutics, Inc. GTHP


Extended Watchlist:
TPIV, SFEG, AAU, WING, GFI

Blue Horseshoe Stocks: Hot Options Calls & More

Bank of America Corp. BAC

Yesterday, for the second consecutive trading day, the BAC options idea we floated on Tuesday morning yielded the opportunity for solid intraday gains. The BAC Weekly $12.50 and $13 Calls produced the following chances:

$12.50 Calls – Range: .49-.74 – Max Gain: 51%
$13 Calls – .16-.34 – Max Gain: 113%

As we’ve been saying from the word go, if BAC can jump the 13.50 hurdle, we’ll be looking to roll up our strike price, and today might very well be the day it occurs. The stock traded as high as 13.48 in post-market trading yesterday, and the markets in general appear to be in line for another solid session.

To remain interested in our ideas going forward, we’ll need to see BAC hold support above 13.15 on any pullbacks.


More Options Recaps

SPDR S&P 500 ETF (SPY) - The SPY was one of a pair of fresh ideas we put in yesterday’s morning report, and with the strong daily performance of stocks across the board, the SPY Weekly $204-206 Calls we signaled enjoyed some huge multi-bag moves:

$204 Calls – Range: 1.45-3.20 – Max Gain: 121%
$205 Calls – Range: .87-2.29 – Max Gain: 163%
$206 Calls – Range: .47-1.55 – Max Gain: 230%

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Nike, Inc. NKE - We also highlighted a range of Nike options as the company was just coming off of a post-market earnings beat on Tuesday, specifically the NKE Weekly $52-54 Calls. Again, market-wide bullishness aided an excellent intraday push for each of our alerted contracts:

$52 Calls – Range: 1.23-3.00 – Max Gain: 144%
$52.50 Calls – Range: .85-2.61 – Max Gain: 207%
$53 Calls – Range: .60-2.13 – Max Gain: 255%
$53.50 Calls – Range: .42-1.60 – Max Gain: 281%
$54 Calls – Range: .27-1.20 – Max Gain: 344%


Fresh Idea:

Mobileye N.V. (MBLY) – We’re having such good fortune in options with current conditions allowing for the type of volatility that traders dream of, that we might as well offer up yet another new idea this morning. We’re going to be paying attention to the MBLY Weekly $44.50-46.50 Calls, as the stock is gapping up heavily in the premarket today.


Cemtrex, Inc. CETX

We’re also taking a technical interest in CETX this morning. As you can see on the following chart snapshot, there are a number factors indicating the potential for some increased upward movement.

This comes just a week after the company announced its first ever share buyback program, which will allow for the repurchase of up to a million shares over the next year.


Extended Watchlist:
LOTE, VAPE, GRNH, INNI, TCPS, FVE, ONE, TWLO