Blue Horseshoe Stocks NKE Bear, KMX Bull & More

Earnings-Related Options Ideas

Our regular readers know that quick-strike options trading of plays that have just seen their quarterly earnings releases are among our favorite scenarios. The volatility afforded to us by these events is key to the type of opportunities we are commonly after.

This morning, we have NKE which has untraded-upon earnings reported in the post-market yesterday, and Carmax which dropped its report in the premarket today. We’ve got a set of bearish ideas for NKE and bullish ideas for KMX.

We’ll place the following targets on our watchlist today to monitor throughout the remainder of the week:

CarMax, Inc, KMX Weekly $77-79 Calls
Nike, Inc. NKE Weekly $83.50-81.50 Puts

_____

L.B. Foster Co. FSTR

We also have a longer term idea for the FSTR chain. As you can see on the chart snapshot we’ve included below, the stock is presently exhibiting a strong multiple-bottom.

We’re going to place the FSTR 10/19 $22.50 & $25 Calls on watch in the likely event that a recovery does occur.


Extended Watchlist: 
MYSZ, TTOO, GPRO, GLBS, TTNP, INNT, DCIX, ONTX

Blue Horseshoe Stocks: MU Recap & More

Micron Technology, Inc. MU

On Friday morning we spent most of our report updating readers on several great stock calls we’ve made in recent weeks, but we did include one fresh options trading idea, and we’re pleased to report that it was a resounding success, and a greta opportunity to daytraders to nail down some quick profits.

We targeted the MU Weekly $43-45 Calls and the whole range took off for the following impressive single-session gains:

$43 Calls – Range: .97-2.50 – Max Gain: 158%
$43.50 Calls – Range: .68-2.05 – Max Gain: 201%
$44 Calls – Range: .32-1.50 – Max Gain: 369%
$44.50 Calls – Range: .17-1.07 – Max Gain: 529%
$45 Calls – Range: .08-.68 – Max Gain: 750%

Our quick-strike options prowess has been second to none for quite some time now, and MU was another shining example of that! Big cheers to anyone who was able to take advantage.
_____

Adobe Systems, Inc. ADBE – Fresh Options Idea

For a fresh idea, we’re going to signal a longer-term set of contracts in the ADBE chain. The stock has a fairly predictable trading pattern, and appears to be approaching an up-cycle in the days or weeks ahead.

If we can see ADBE maintain support at or above 258.49, we are going to be very interested in the ADBE 10/26 $260-265 Calls.



Cool Holdings. Inc. AWSM

 
Also in Friday morning’s report was a tag of AWSM. We had just noticed it’s big day in the prior session, and included it in our daily watchlist.

The stock made an absolutely monstrous single-session run for something trading in the $11-range, running from a low of 11.11 to a high of 22.61 for a 104% intraday move. It also closed more than 80% in the green on the day!


Extended Watchlist: 
AMMA, AGRX, BPMX, TEUM, ONTX, ABX, SENS, GLOW, PDLI

Incoming search terms:

  • best penny stocks

Blue Horseshoe Stocks: HEAR Review & More

Turtle Beach Corp. HEAR – Review

Our primary focus has always been to find near-term trading opportunities first, assigning longer-term calls a secondary priority. However, we’ve had quite a bit of good fortune this year in identifying stocks that have gone on to have considerable extended runs.

HEAR is one such stock, that we first signaled for observation on April 9th, at which time the stock was trading for as little as 2.76. Over the ensuing nine weeks, we have seen an incredible, near-continuous bull run that has resulted in new highs of 23.20 yesterday. That works out to an increase of 740% over a span of a little over two months!

Being in blue skies, there’s no telling what new highs we might see in HEAR; it’s certainly plausible to believe we may see our total observed gain reach a thousand percent at some point in the near future. At the rate things have been going, it’s certainly not an unreasonable thought.


H&R Block, Inc. HRB – Fresh Idea

We also want to provide a quick update on our bearish options idea from yesterday’s premarket report, the HRB Weekly $26-24 Puts. We formulated this range after noticing the stock getting kicked hard despite posting an earnings beat in the post-market on Tuesday.

HRB did gap down a little too far for the $26′s to see much action, but we had respectable chances to profit off of the other two contracts in the range. The $25 Puts ran from .65-1.05 for a gain of 62%, while the $24′s put up a double-bag performance with a 133% rip from .15-.35.


Galectin Therapeutics, Inc. GALT

We tagged GALT on Tuesday morning after noticing a big surge in activity, and its run has continued nicely over the course of the week.

We’ve now observed a solid 37% bullish move from 5.83-8.00, and will be on the lookout for the possibility of more new highs.


Extended Watchlist:
ENPH, CTRV, CODX, FCEL, ETSY, ONTX, MYSZ

Blue Horseshoe Stocks: SIG Recap, AXON & More

Signet Jewelers Ltd. SIG – Options Idea

After noticing its solid beat on earnings and reassured guidance yesterday morning in the premarket, we selected a range of options ideas for the SIG chain. Post-earnings options calls have become our bread and butter, and SIG provided yet another example of the reason for that.

Our designated observation range was the SIG Weekly $47.50-50 Calls and all but the 49.50′s enjoyed considerable single-session gains for the day.

$47.50 Calls – Range: 3.70-6.30 – Max Gain: 70%
$48 Calls – Range: 3.21-7.12 – Max Gain: 122%
$48.50 Calls – Range: 3.10-6.00 – Max Gain: 94%
$49 Calls – Range: 2.72-6.17 – Max Gain: 127%
$50 Calls – Range: 1.97-5.21 – Max Gain: 164%
___________

Fresh Options Idea:
Five Below, Inc. FIVE Weekly $90-95 Calls


Axovant Sciences, Inc. AXON

We also included a tag of AXON in yesterday morning’s report, and were met with a pretty good chance for a daily profit there as well. We noticed a slew of Form-4 buys come in on Tuesday, and lo and behold, yesterday the company released news of an $840M+ licensing deal for its Parkinson’s gene therapy.

From a morning low of 3.27, the stock reached a high of 4.64, representing a modest, but very respectable 42% move on the day. We’ll be sure to leave it on our radar in the event that a more sustained move is in the cards.


Extended Watchlist:
ONTX, MRTX, ZS, IMMU, CLWT, CLSD, CLRB

Blue Horseshoe Stocks: VTVT New Highs & More

vTv Therapeutics, Inc. VTVT

We’ve been closely tracking VTVT since including it our report on Tuesday morning as a bottom play. As we mentioned yesterday, the timing was essentially perfect. It took off on Tuesday, and yesterday that run persisted just as we suggested it may.

The stock traded in a range from 1.24 to a new high of 2.67 yesterday, representing an intraday move of 115% From Tuesday’s low of .79 the stock has registered a two-day upswing of 238% and has easily been the NASDAQ’s top play of the week.


Onconova Therapeutics, Inc. ONTX

Speaking of bottom plays, we’re always searching for the next heavily oversold stock, and we’ve got a candidate to bring forth today in ONTX. As you can plainly view on the chart snapshot below, the stock has been heavily sold off, and the RSI is definitely giving off that heavily oversold signal.

The last time that happened the stock did mount an appreciable recovery in the ensuing weeks, so we’re going to put ONTX on extended watch.


Extended Watchlist:
AXXA, IMTV, HMNY, AREX, AYTU, IRBT, AVGR

Incoming search terms:

  • 0ZQK
  • strongercu7