Blue Horseshoe Stocks: New Options Plays & More

Turtle Beach Corp. HEAR

This morning to kick things off, we are going to take a look at HEAR, which has gained a bit of momentum over the past couple of sessions after bouncing off a bottom earlier this week. ‘

Technically speaking, the chart has everything we typically look for- a bullish cross of the MACD recently came to pass and we are now seeing clear upward divergence there, and the RSI just cracked the 50-line, indicating that it too is going bullish.

Couple those factors with the convincing surge off of the stock recent relative lows, and we are set up for a possible continuation of momentum, for which we want to be ready with an options idea. We’ll be tracking the HEAR Weekly 10/18 $12.50-15 Calls.

____

More Options Ideas

SPDR S&P500 ETF (SPY) Weekly $283-284 Calls
Stitch Fix, Inc. SFIX Weekly $31-30 Puts


Galectin Therapeutics, Inc. GALT – Form-4 Alert

We also want to make mention of GALT, which has been trading sideways near its 6-month lows recently. During this period, we’ve noticed a nearly $20M buy from a GALT insider at these lows.

When this happens we usually like to place a stock on bottom-bounce watch, as it generally tends to suggest that the company director has reason to believe that the stock has reached as low as it’s going to go for the time being.


Extended Watchlist:
AMPG, BOX, TWI, CIEN, ONVO, HIIQ, PBYI, WMGR

Blue Horseshoe Stocks: LAHO Recap & More

Lans Holdings, Inc. LAHO

When we picked up on LAHO on Tuesday, it was what we refer to as a super-subpenny stock, trading at a low of just .0005/share. Over the past two sessions it has made an incredible move. Yesterday, after gapping up in the morning, LAHO went on to set a new high of .0017, which works out to a 48-hour swing of 240%

Following that high, the stock came back down to fill the gap it left, and we are going to want to see .0009 hold as support in order to give us a good likelihood of seeing further moves from LAHO in the near-term, but as it currently stands, it has already been a great intraweek play for us no matter how you slice it.


FRESH OPTIONS IDEAS

We’ve also got a pair of options ideas from companies that have untraded-upon earnings reports. We’re bearish on Palo Alto Networks, which reported yesterday post-market, and bullish on Dollar General, whose report dropped this morning in the premarket, including a solid beat on both earnings and same-store sales for the quarter.

PANW $202.50-200 Puts
DG $122-124 Calls


Extended Watchlist:
VTGN, BYND, CFMS, ONVO, REKR

Blue Horseshoe Stocks: Options Roundup

Weibo, Inc. WB

We targeted some bearish Weibo ideas in yesterday morning’s premarket report, and with the help of a rough day for the markets in general, we saw some excellent single-session gain chances from our highlighted contracts, the WB Weekly $46-44 Puts.

Out of the four contracts contained within our designated range, all four recorded double-bag gains on the day, which were as follows:

$46 Puts – Range: 1.55-3.30 – Max Gain: 113%
$45.50 Puts – Range: 1.18-3.10  – Max Gain: 163%
$45 Puts – Range: 1.05-2.50 – Max Gain: 138%
$44 Puts – Range: .55-1.80  – Max Gain: 227%
_____

Target Corp. TGT

On Wednesday, we offered up the TGT Weekly $75-77 Calls as an options idea, and we’re happy to report that all of those returned opportunities at multi-bag gains as well.

$75 Calls – Range: 2.26-4.55 – Max Gain: 101%
$75.50 Calls – Range: 2.00-4.05  – Max Gain: 103%
$76 Calls – Range: 1.46-3.45 – Max Gain: 136%
$76.50 Calls – Range: .91-2.81  – Max Gain: 209%
$77 Calls – Range: .70-2.58 – Max Gain: 270%


FRESH OPTIONS IDEAS
SPY Weekly $282.50-283.50 Calls*
HPQ Weekly $19-19.50 Calls
*
CVS 07/19 $52.50-55 Calls

*Please don’t attempt to trade weekly options on a Friday if you are not an advanced level trader with access to disposable funds!


Extended Watchlist:
AMPG, HSGX, DNR, DHT, PTN, AETI, DVAX, VSAT, MBIO, ONVO, GPN, VSAT, YRIV