Blue Horseshoe Stocks: GIS, FDX Options

Options Updates

The Michaels Companies, Inc. MIK – One of our fresh ideas for yesterday morning’s premarket report was a post-earnings target of the MIK 04/18 $12.50 Calls combined with a solid technical setup as a bottom-bounce play.

The stock turned in a very solid performance on the day, coming up just shy of its 50DMA, and that produced a significant gain opportunity for the contract set we designated. The $12.50 Calls traded up of a low of .60, and hit 1.35, marking an intraday run of 125% We’ll want to continue to reserve a spot on our radar for this play, and watch for the stock to continue to establish higher lows and higher highs off of its recent 52-week lows.
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StoneCo Inc STNE - We also had the STNE 04/18 $37.50 & $39 Calls highlighted in yesterday’s report, and while we didn’t see quite the same intensity of activity as the above-mentioned play, that pair of contracts did get off to a good start, with nearly a full month remaining until expiration.

The $37.50′s traded in a range from 4.60-6.20 for a 35% move, and the $39′s went from 4.20-5.00 (+19%). We’ll continue tracking these as well.
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Fresh Post-Earnings Ideas:

FedEx Corp. FDX Weekly $172.50-170 Puts
General Mills, Inc. GIS Weekly $47.50-50 Calls


Extended Watchlist:
SCNA, NAVB, TYHT, NVRO, PIR

Blue Horseshoe Stocks: Options Review & More

Options Review

Bed Bath & Beyond, Inc. BBBY – Yesterday morning’s premarket report contained an options idea for Bed Bath & Beyond following the company’s quarterly earnings report, the BBBY Weekly $13 & $13.50 Calls, and those plays both turned in fantastic intraday performances.

Regardless of which strike point was chosen, traders could have secured multi-bag profits on the day. The $13 Calls traded up from a low of .30 to a high of 1.30, for an increase of 333%, while the $13.50′s also crushed it with a huge 431% rip from .16-.85!
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Constellation Brands Inc. STZ -Just as Constellation stock got crushed to new lows in the premarket on Wednesday, we formulated a couple of longer-term options ideas, and wanted to provide updates on the activity there as well.

We were banking on STZ reversing off of those lows and beginning a recovery, and so far, it’s going quite well. Our targets were the  the STZ 02/01 $150-157.50 Calls and the 04/18 $160-170 Calls, and all seven sets of contracts in those ranges have been good for significant gain opportunities. These remain in play, and will remain on our watchlist going forward.

02/01 $150-157.50 Calls
$150 Calls – Range: 8.80-11.50 – Max Gain: 31%
$152.50 Calls – Range: 3.80-6.70 – Max Gain: 76%
$155 Calls – Range: 2.90-8.00 – Max Gain: 176%
$157.50 Calls – Range: 3.00-6.65 – Max Gain: 122%

04/18 $160-170 Calls

$160 Calls – Range: 5.50-10.83 – Max Gain: 97%
$165 Calls – Range: 4.00-8.01 – Max Gain: 101%
$170 Calls – Range: 2.78-6.07 – Max Gain: 118%
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Fresh Ideas:
GM Weekly $36-37.50 Calls
TLRY Weekly $92.50-95 Calls  


China SXT Pharma Inc SXTC

To wrap things up we wanted to go over the call we made on Monday morning in SXTC, which at the time had registered a low of 5.684. After steadily ramping up all week, yesterday the stock reached a new high of 23.35. That worked out to an incredible four-day swing of 311%

Cheers to anyone who caught this mover in Monday morning’s premarket report. It adds to an already impressive start for us here in 2019.


Extended Watchlist:
FTK, AQMS, MGEN, NAVB, SNSS, CFRX, TEUM

Blue Horseshoe Stocks: Options Review & More

Options Review

After a tumultuous month on the whole, October came to a solid end with a very strong performance from the markets, and in effect, a good showing by many of the ideas we presented in yesterday’s report.

Take-Two Interactive Software, Inc. TTWO – First we’ll give an update on the calls we made on Tuesday morning for TTWO- the Weekly $122-125 Calls. They started moving immediately, as we mentioned in yesterday’s report, and after another session the gains have piled up even higher.

$122 – 4.00-8.45 (+111%)
$123 – 2.49-7.80 (+213%)
$124 – 2.50-6.80 (+172%)
$125 – 2.50-5.40 (+116%)
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 Three of the four fresh options ideas we submitted in yesterday’s report also saw sizable gains on the day.

FB Weekly $150-155 Calls
$150
– 2.46-4.37 (+77%)
$152.50 – 1.46-2.67 (+83%)
$155 – .75-1.40 (+86%)
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GM Weekly $35-37 Calls
$35 – .92-2.04 (+122%)
$35.50 - .62-1.60 (+158%)
$36 – .34-1.15 (+238%)
$36.50 – .19-.72 (+279%)
$37 – .11-.45 (+309%)
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SPY Weekly $269.50-271.50 Calls
$269.50 - 2.92-4.42 (+51%)
$270 – 2.57-4.15 (+61%)
$270.50 – 1.98-3.40 (+71%)


Extended Watchlist: 
NFX, IGCC, TREE, TOPS, DCIX, NAVB, CRON

Blue Horseshoe Stocks: INMG, DRNK Recaps & More

Innovativ Media Group, Inc. INMG

When we last left off with INMG on Thursday morning, we had already seen a five session swing of 1400% over the previous week. While we certainly acknowledged the impressive gains, we stated, “the stock will peel back off of these impressive highs and that’s when we’ll be looking for what could be a serious dip-and-rip pattern.” Our assessment of the situation turned out to be very astute, and INMG experienced exactly the activity we suggested.

That morning, the stock dipped down significantly to ultimately find support at .0145, from which point it began a three-session span of recording higher lows and higher highs, leading up to yesterday’s high of .032.  The ‘rip’ in our observed dip-and-rip on INMG has thus far amounted to an added opportunity for gains of up to 121% on the upswing!


NoHo, Inc. DRNK

Continuing along with another fantastic call we made just yesterday, we’ve got DRNK, which we explicitly stated could be the next super-subpenny “to go for a big ride”. It took no time at all for our hunch to come to fruition, as it showed us a really nice move on day one.

The stock traded up from .0003 to .00051, for a 70% intraday pop, which came on more than eight times the monthly average volume with more than 800 million shares changing hands on the day. It also held half its advance into a .0004 close.

The move was helped along by a well-received PR which hit wires shortly after our morning report concerning the company’s declaration of a moratorium on conversions along with the negotiation of a debt buyout:

David Mersky, NOHO’s CEO, stated, “We have come to terms with our majority note holder to freeze conversions, which puts NOHO in a very strong position moving forward with significant developments underway. This is a strong signal of our majority debt holder’s confidence in the long term vision we have for the Company. This agreement is also a big win for our shareholders, as we continue to make changes to reduce the outstanding shares and avoid dilution as a priority moving forward.” (>>View Full PR)

We’re really going to want to keep an eye on DRNK. With a commitment to cleaning up their share structure, along with the added attention that a big move on the chart is going to bring, we won’t rule out the possibility of DRNK breaking from the super-subpenny range to the subpenny range, or even higher.


Extended Watchlist:
PTN, ERHE, WNTR, CANF, CATB, CAPR, NAVB, STRP

Blue Horseshoe Stocks: PPCH Breakout & More

Propanc Health Group, Inc. PPCH

It didn’t require any patience on our part before we saw our bottom-watchlist from yesterday morning’s premarket report bear fruit. What we have in PPCH is an example of absolutely perfect timing.

After being mostly in a downtrend for a period that stretches all the way back to springtime, we ended up calling the bottom here with laser-like precision. The stock bulled its way up all day long, trading in a range from .008, through the penny barrier, and up to .017. That works out to an intraday pop of 112% and it came on nearly six times the monthly average volume.

The stock also managed to close just a tick below its high of day at .016, so we’re definitely going to be on the lookout for continued momentum. Yesterday wasn’t the first time we caught this play for triple-digit gains, and in all honesty, it probably won’t be the last.


Twitter, Inc. TWTR – Options Recap

In last Thursday’s morning report,  we presented an options idea for TWTR based on the setup of the chart; at the time it was trading in the mid-$18 range.

We put forth the TWTR 01/20 $19 and $20 Calls, to give ourselves the time needed to realize the upward move we suspected the stock would make, and it turned out to be another good idea. We saw a run to the mid-$19 level, and it facilitated the following performances in our target options:

01/20 $19 Calls – Range: .80-1.64 – Max Gain: 105%
01/20 $20 Calls – Range: .51-1.19 – Max Gain: 133%

Again, with that extended expiration date, we’ve still got all the time in the world to witness even further gains out of these contracts. That should start with with this morning’s opening bell, as TWTR is gapping up in the premarket once again.
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Fresh Idea:

Lululemon Athletica, Inc. LULU – On the strength of a solid Q3 earnings release and the authorization of a $100M buyback program, LULU is looking strong, and we want to get in on the action by formulating a new options idea to correspond with the activity.

Yesterday the stock broke out of the channel, from roughly $54-58, that it had been stuck in for several weeks, so we’re going to be focusing our attention on the LULU Weekly $66.50-70 Calls.


MJP International Ltd. MJPI

We also want to recap the performance of another play from yesterday’s extended watchlist. MJPI appeared for the first time in our reports, and responded with a solid session.

From a low of .85 the stock traded as high as 1.18, marking a 39% pop on the day and like the aforementioned play, it too closed just a single increment below the high of day at 1.17, and will thus remain on our list going forward.


Extended Watchlist:
IDXG, VNR, SPHS, NAVB, GAHC, AGIN, LBSR