Tag: NOG

Blue Horseshoe Stocks: Options Mania!

Canopy Growth Corp. CGC

We’re returning to CGC to update on new highs for the third straight trading day this morning. Originally put out on Wednesday morning, we have been tracking the CGC 09/21 $30-40 Calls to some fantastic gains ever since.

As of yesterday morning, our overall observed gains on those three contracts were 338%, 596%, and 994% respectively. Following another big day, those figures have been extended by an impressive margin once again. 

$30 Calls – Range: 1.76-10.30 – Max Gain: 485%
$35 Calls – Range: .56-6.00 – Max Gain: 971%
$40 Calls – Range: .16-3.20 – Max Gain: 1900%

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The TJX Companies, Inc. TJX

Fresh for yesterday morning, we cited the TJX 09/21 $105 & 110 Calls as an interesting pair of contracts, and those got off to a decent start. The $105’s  traded up from 2.15-3.20 for a gain of 49% and the $110’s went from .50-.80, for an intraday move of 60%
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Fresh Ideas:
URBN Weekly $48.50-50 Calls
TGT Weekly $87.50-89 Calls

Extended Watchlist:
EYES, CVM, GPOR, NOG, DOMO, AMPE, CRC, PINC, GE

Blue Horseshoe Stocks: WMT Options & More

Walmart, Inc. WMT – Options Idea

Walmart was already building a nice head of steam on the chart in the weeks leading up to this morning’s earnings release. Things have kicked up a notch this morning as Walmart recorded a resounding across-the-board beat, including an online sales increase of 33%

Given that we are always looking out for opportunities to trade options on the heels of a solid earnings beat, we are going to slate some Walmart calls for observation this morning.

We’ll be tracking the WMT Weekly $86.50-88.50 Calls after what we expect should be a dip-and-rip scenario.

Altimmune, Inc. ALT

We would also like to make mention of ALT this morning, after taking notice of the significant pickup in both price action and volatility yesterday.

That was preceded by a lengthy consolidation period as you can see on the snapshot below, and at the present time, the stock is beginning to come off of being oversold. We’ll watch this one for a potential recovery play in upcoming sessions.
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Extended Watchlist:
BDSI, BIOC, BLNK, IMMU, FRED, NOG

Blue Horseshoe Stocks: Bottom-Watch Plays & More

Ford Motor Co. F
Ford is the first of a couple of bottom-watch plays we want to signal for observation as we kick off a fresh trading week. The month of January was rough for the Detroit automaker, bringing a precipitous fall into heavily oversold territory.

We are just now, in February, beginning to see the signs of a recovery. As you can see on the snapshot of the chart below, the stock has just started to come off of being oversold and bounce off of its lowest PPS since August. The MACD also appears to be converging for an upcoming cross, and there’s a gap to the upside as well.

We’ll look to take advantage of this setup by tracking the F 03/02 10.37-11.37 Calls in the days and weeks ahead.

BioMarin Pharmaceutical, Inc. BMRN

Another potential bottom play we want to look at this morning is BMRN, which also recently has been beaten down to what we feel are unsustainable low levels. We’re getting a heavy multiple-bottom signal as the strength index is tumbling toward extremely oversold territory.

The look of the MACD suggests some further decrease or sideways trading could occur, which is why we’ll want to look at a set of extended term options contracts, the BMRN 03/16 $80 & 85 Calls. With over a month until expiration, that should give us ample time for the stock to realize the recovery it appears to be building toward.

Extended Watchlist:
AQMS, DO, NXTD, NGD, FNN, NOG, MARA, HMNY,