Blue Horseshoe Stocks: Tons of Options

Options Updates

Late last week, we selected a few contracts in the Facebook and Twitter options chains for longer-term ideas. The FB 10/12 $182.50-190 Calls, and the TWTR 10/12 $35 & 37.50 Calls. While they haven’t blown their lids quite yet, we wanted to reiterate our interest in tracking these over a longer time period.

The somewhat nominal gains achieved so far are as follows:
FB 10/12 $182.50′s: .53-.80 (+51%) | $185′s: 40-.54 (+35%)
TWTR 10/12 $35′s: .33-.52 (+56%) | $37.50′s: .28-.40 (43%)

We’ll continue to track these ranges, as there is still plenty of time for them to begin realizing their full potential. What we’ve seen to this point may be just the beginning.
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FRESH IDEAS:

To add to our social media related options ideas, we also see SNAP coming off of a recent bottom, and will signal the SNAP 10/05 $9 & 9.50 Calls for observation as the stock attempts to mount a recovery of recent losses.
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With a major category-4 hurricane currently inbound for the Carolina coastline this week, we’re also going to highlight some plays in Home Depot and Lowes Home Improvement, which tend to see surges in the wake of storms big enough to require extensive cleanup and repairs. According to all predictive models, Hurricane Florence definitely fits that bill.

HD Weekly $212.50 & 215 Calls
LOW Weekly $114-115 Calls
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Bonus Idea:
BHC Weekly $21-22.50 Calls


Extended Watchlist:
IMMR, LPI, USAT, SLCA, LODE, NXTD,

Blue Horseshoe Stocks: Options Roundup & More

Options Roundup

We’re heading into another patch of earnings releases, and we’re going to make our main focus today center around the formulation of some options ideas.
We’ve got three chains targeted, two of which having just reported their quarterly earnings (CSX Corp. CSX and Morgan Stanley MS), and one with huge Form-4 buys coming this week in Walgreens Boots Alliance, Inc. WBA.

As we usually do for options ideas on the heels of an earnings report, we’ll go short term for CSX and MS, and for WBA, select some with an expiration a little further out.

CSX Weekly $65-67.50 Calls
MS Weekly $49-51.50
WBA 08/17 $67.50 & 70 Calls


Extended Watchlist:
CHRS, FWW, NXTD, STRAF, FNKO

Blue Horseshoe Stocks: RXMD Recap & More

Progressive Care, Inc. RXMD

It was just yesterday morning that we were patting ourselves on the back for our February 22nd alert on RXMD, which gave us and our readers a chance at getting into this one as low as .0663.

The stock continued on to see an increase of just under 100% as of yesterday’s premarket report, and then trading activity during the session allowed the stock to cross that double-bagger threshold.

To open up the week,RXMD traded from .1171 up to a new high of .165, marking an intraday rip of 41% and an overall increase of 149% over our initially observed low.


Options Ideas

We also have a trio of stocks that have recently reversed off of their relative bottoms, and could be in line for a more sustained recovery. We’re going to want to track a few ideas for extended term options plays in Walmart, GM, and Disney.

WMT 04/06 $95-97 Calls
GM 04/06 $39-40.50 Calls
DIS 04/06 $105-107 Calls

We’ll also track a few SPY calls, the 03/07 $272-273.50 Calls, as the markets have been ripping, and may very well continue to do so.


Extended Watchlist:
FRO, NXTD, CHUBK, RJDG, ABCCF, RNVA

Blue Horseshoe Stocks: RXMD Recap

Nxt-ID, Inc. NXTD

We most recently mentioned NXTD a couple of weeks ago on February 12th, following a long period of consolidation off of the massive run we observed back in December. The stock seemed to be settling down at a bottom, and indeed, it reached its low of 2.00 the very next day.

After a bit of sideways trading NXTD has awakened in a big way on the heels of a key development coming over the newswires (see snippet below). Already in the premarket, it has risen by 100% since our alert, hitting 4.00 in early trading.

In addition to the stock itself, we’re also going to place a couple of contracts in the NXTD options chain in watch, the NXTD 03/16 $2.50 & $5 Calls.

Discover Financial Services and FitPay, Inc., a wholly owned subsidiary of NXT-ID, Inc., today announced a network services agreement to allow devices that are integrated with the FitPay Payment Platform[TM] to provision tokenized payment credentials through DiscoverĀ® Digital Exchange (DDX). The agreement enables Discover cardholders, along with alliance partner cards, to easily make contactless payment transactions at retail locations with wearable or Internet of Things (IoT) devices that include payment capabilities powered by FitPay[TM] (>>View Full PR)


Progressive Care, Inc. RXMD

We initially flagged RXMD in Thursday’s premarket report after noticing the amount of momentum that had been building up in the stock recently. It managed to finish out the week sustaining that momentum and continuing to head into blue skies, setting a new 52-week high with each uptick.

From Thursday morning’s low of .0663, the stock attained a high of .0979 which workes out to a two day swing of 48% and stand as the highest PPS recorded since 2013.



Fresh Options Idea:
Target Corp. TGT Weekly $75-76.50 Calls


Extended Watchlist:
BPMX, CTRV, GTT, HRG, SPB, IDXG, FINL, ATNM(Bottom-Watch)

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,