MNGA | Blue Horseshoe Stocks

Blue Horseshoe Stocks: Options Roundup & More

Morgan Stanley MS – Recap

Morgan Stanley had a solid beat on profits yesterday in its premarket Q3 earnings report, which led us to signal interest for the MS Weekly $43.50 & $44 Calls in our report.

It turned out to be an excellent set of ideas, which each contract making a hundred percent move or better. With the market on the rebound, it was like taking candy from a baby, and we may see more similar activity if we get another strong session as a whole.

The 43.50 Calls ran from a low of 1.32 and reached 2.65 for an intraday gain of 101% while the range on the $44’s was .85-2.20, going down as a single session move of 159%
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Fresh Options Ideas

SPDR S&P 500 ETF (SPY) – Should the markets be in for another day of recovery after last week’s backslide, we’re going to also be interested in tracking the activity of the SPY Weekly $279-280.50 Calls.

Netflix, Inc. NFLX – We’ll also take advantage of the market resurgence with an idea pertaining to the NFLX chain. We’ll have our eyes on the NFLX Weekly $377.50-385 Calls as well.

Moody’s Co. MCO – Lastly, we like the technical setup of the Moody’s chart, along with its volatility. It may produce some good chances in the MCO 11/16 $170-180 Calls, so we’re going to throw those on our track list as well.

Extended Watchlist:
OHGI, ISR, MNGA, SLS,

Blue Horseshoe Stocks: YGYI Update & More

Youngevity International Inc. YGYI

We began tracking YGYI the Thursday before last, on the 4th, and subsequently witnessed a low of 6.00 before the stock began to ascend sharply.

On Friday, despite already having produced significant gain opportunities for us, the YGYI once again made an impressive move, streaking to a new high of 14.40. That works out to an overall move of 140% accompanied by some of the highest volume sessions in the history of the stock. As YGYI streaks to seven year highs and into the blue sky, we’ll continue to keep tabs on its activity.

Canadian Cannabis Legalization Finally Arrives

We have been proponents of the Canadian cannabis sector for quite a long time, and we have finally reached the moment we’ve been waiting for- the nationwide legalization of recreational marijuana. Originally slated for July, the delays will now finally come to an end, which means the fun is just getting started. Wednesday is the big day.

Here is a list of Canadian cannabis stocks that we’ve tracked in the past to watch in the midst of this very exciting, key moment in Canada’s history, and indeed the history of cannabis itself:

ACBFF, APHQF, ATTBF, CRON, GLDFF, GLNNF, ISOLF, NXTTF, MRRCF, SPRWF, & TWMJF

Extended Watchlist:
ARNC, LEVB, LLL, HRS, TKC, INO, EARS, CEI, RIOT, MNGA

Blue Horseshoe Stocks: Big Gains Keep Coming!

Tilray, Inc. TLRY

We’re still tracking our idea from Tuesday morning‘s premarket report, the TLRY 09/21 $91-93 Calls. While we generally have stayed clear of most IPO’s in their very early stages in the past, Tilray was just too attractive not to dabble in, and the results have been fantastic thus far.

We’ve been looking at multi-bag gains for all three of the contracts in our observed range, and the stock itself has risen by a considerable margin this week. On Tuesday when we first alerted on it, it traded for as little 87.50, and yesterday reached a high of 127.27, a very impressive three-day swing of 45%

Here are the updated ranges on the options contracts we signaled for observation:

$91 Calls – Range: 6.43-27.50 – Max Gain: 328%
$92 Calls – Range: 5.51-27.80 – Max Gain: 405%
$93 Calls – Range: 5.23-23.70 – Max Gain: 353%
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Nio, Inc. NIO – Speaking of IPO’s, NIO, which debuted yesterday, made a lot of noise in just a single day on the market. We like the space it operates in- the company produces electric cars, and alternative energy will continue to become a more and more attractive sector as the fossil fuel age continues its slow but inevitable wind-down.

No options yet exist for NIO, so we’re just going to place it on watch as a solid looking, low-priced IPO, and may perhaps return sometime for options down the line, once its chain has been properly established.
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The Kroger Co. KR – Update

Another set of options ideas that we presented in yesterday’s report was the KR Weekly $31-29 Puts. Going bearish on options isn’t typical for us but when an opportunity presents itself, we’ll take it, and this was a good one.

All five of our designated contracts produced notable intraday gain opportunities:

$31 Puts – Range: 2.02-2.53 – Max Gain: 25%
$30.50 Puts – Range: 1.39-2.05 – Max Gain: 47%
$30 Puts – Range: 1.04-1.57 – Max Gain: 51%
$29.50 Puts – Range: .71-1.06 – Max Gain: 49%
$29 Puts – Range: .30-.64 – Max Gain: 113%
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Fresh Idea:
SPY Weekly $290-291.50 Calls

Extended Watchlist:
BVX, MNGA, RHE, EARS. AGRX,