Blue Horseshoe Stocks: NFLX Review & More

Netflix, Inc. NFLX – Review

Nearly as often as we signal weekly options ideas, we also formulate longer term ones. Last month on the 12th, we entered our interest in the NFLX 01/25 $290-300 Calls into the log, and after an epic start to 2019, we’ve seen some really great moves.

NFLX stock alone, subsequent to our last alert, has traded for as little as 231.23 up to as high as yesterday’s new top mark of 357.22. That’s an incredible 54% jump in less than five weeks! What that move allowed our selected contracts to do has been nothing short of Earth-shattering.

$290 Calls – Range: 3.80-68.25 – Max Gain: 1696%
$292.50 Calls – Range: 3.28-49.22 – Max Gain: 1400%
$295 Calls – Range: 3.80-60.45 – Max Gain: 1491%
$297.50 Calls – Range: 3.47-59.76 – Max Gain: 1622%
$300 Calls – Range: 2.66-57.69 – Max Gain: 2069%
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Fresh Options Ideas:
UAL Weekly $85-86 Calls
GT 03/01 $19-20 Calls


We also want to remind our readers to check out our PASO Report from Monday if you missed that, and stay tuned because we’ve got an exclusive interview with the company’s new Chief Operating Officer coming your way very soon!


Extended Watchlist:
PASO, HIPH, LXRX, GERN, TBLT, SCHW, TYME

Blue Horseshoe Stocks: Fresh Options Plays

DSW, Inc. DSW – Recap

Yesterday morning, we decided to highlight the attractive chart setup on DSW with the stock  trading at its lowest PPS since May. Despite another tumultuous day for the markets at large, DSW made an early dip-and-rip that savvy traders could have taken advantage of.

We designated the DSW 12/21 $22.50 & $25 Calls and were met with instant success. Both of those contracts produced significant gain opportunities in the first half of the session. The $22.50′s ran from a low of 2.05 and reached as high as 3.50 for a gain of 71% The $25′s fared even better, posting a multi-bag pop from .65-1.50, a 131% move.
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Fresh Options Ideas:
Apple Inc. AAPL 01/25 $175-180 Calls
Netflix Inc. NFLX 01/25 $290-300 Calls


Extended Watchlist:
SBS, RARX, FOMX, CORT, ESES, FIVE. SID, ASNA

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: CGC Bull Run Continues

Canopy Growth Corp. CGC

Ever since Constellation Brands’ (STZ) added a multi-billion dollar block to its stake in CGC, the corresponding options idea we put out on Wednesday morning  continues to pile on new highs.

Our designated targets were the CGC 09/21 $30-40 Calls, which as of yesterday morning had already produced chances at gains ranging from 150-350% Those ranges were extended by a wide margin thanks to yesterday’s activities.

$30 Calls – Range: 1.76-7.70 – Max Gain: 338%
$35 Calls – Range: .56-3.90 – Max Gain: 596%
$40 Calls – Range: .16-1.75 – Max Gain: 994%

(Note: The 32.50 and 37.50 calls didn’t trade much volume until yesterday session, where they too produced sizable gains)
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Fresh Ideas:
TJX 09/21 $105 & 110 Calls 

GDX 09/21 $18.50-19.50 Calls


Extended Watchlist:
GALT, AMDA, ATIS, OHGI, JMU, NVDA, NFLX

Blue Horseshoe Stocks: NFLX Bearish & More

Netflix Inc. NFLX – Options Idea

The main thing hitting our scanners this morning is NFLX, following the company’s post-market earnings report yesterday. Usually when we deal with NFLX, we’re talking about ideas for the stock rising, but today, we’re going bearish on NFLX for a couple of reasons.

First, not only did its Q2 revenues fall short of expectations on the street, but the company’s weak subscriber growth numbers are causing worry as well. While this may only be a temporary lapse for NFLX as the company hasn’t made it a habit of misses on consecutive earnings reports in the past, we do want to form a short term bearish idea for the options chain.

Secondly, from a technical standpoint, the NFLX chart is exhibiting a strong double top formation. This is not a guarantee that a stock will fall, but is generally taken as a bearish indicator as it suggests trouble with breaking a particular area of resistance.

We’re going to tag the NFLX Weekly $365-345 Puts and have them on watch this midweek.


Bottom Watch Plays

Innovate BioPharmaceuticals, Inc. INNT
gapped down hard, and continued to fall even harder yesterday. It may need more than a single session for reversal and rebound, but we’ll definitely want to have it on our radars while it searches out a bottom because the snap-back could be significant.

Just last month, as you can see, the stock made an incredible run from less than $10, to nearly $30/share, so the volatility is definitely there.

SSLJ.com Ltd. SSLJ is the other bottom-play candidate we’ve ID’ed this morning. It too is currently displaying a chart that is pretty self-explanatory. A recent massive gap-down has lead to a bottoming out, while the stock set new lows yesterday before closing slightly higher. Combine that with an RSI that is indicating a stock which is  about as oversold as it gets, and we’re interested in tracking this one for a potential bottom bounce as well.