Tag: OSTK

Blue Horseshoe Stocks: CGC Review & More

Canopy Growth Corp. CGC

One of yesterday morning’s fresh options ideas, the CGC 09/21 $30-40 Calls turned in a very nice intraday performance. Despite the stock posting a red candle on the day, the activity still provided us with some excellent chances to score a quick profit.

It stemmed from beverage giant Constellation Brands increasing its stake in Canopy by a whopping $4B. Here are the gains that were on the table as a result, making this another fantastic call on our part.

$30 Calls – Range: 1.76-3.81 – Max Gain:  62%
$35 Calls – Range: .56-1.50 – Max Gain: 40%
$40 Calls – Range: .16-.56 – Max Gain: 51%

Walmart, Inc. WMT

For today, some of the most promising options plays are likely to be in the WMT chain. The company posted a bigger Q2 sales boost than it has in a full decade. To correlate with the spike in attention and activity we are going to signal a range of calls to monitor into the end of the week.

We’ll be tracking the WMT Weekly $97-101 Calls, which should score some good opportunities on a likely dip-and-rip scenario this morning.

Extended Watchlist:
SYMC, AMW, VNRX, WUBA, OSTK, LAC, LFVN

Blue Horseshoe Stocks: Options Review & More

OPTIONS REVIEW

We had two fresh options trading ideas included in yesterday morning premarket report, and it should come as no shock to anyone who has been following our recent activity that we hit the nail on the head with both of them! We signaled some YELP and ROKU Calls, and of the eight sets of contracts we targeted, EIGHT produced big-time, multi-bag, single session gains!

YELP Weekly $43-44.50 Calls

$43 Calls – Range: 1.70-6.46 – Max Gain:  280%
$43.50 Calls – Range: 1.34-5.85 – Max Gain: 337%
$44 Calls – Range: 1.04-5.60 – Max Gain: 438%
$44.50 Calls – Range: .66-5.07 – Max Gain: 668%
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ROKU Weekly $52-53.50 Calls

$52 Calls– Range: 2.00-5.85 – Max Gain:  193%
$52.50 Calls – Range: 1.50-5.35 – Max Gain: 257%
$53 Calls – Range: 1.36-4.80 – Max Gain: 253%
$53.50 Calls – Range: 1.10-4.40 – Max Gain: 300%
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Fresh Idea:
OSTK Weekly $44.50-46.50

Extended Watchlist:
SA, IZEA, AWX, PLNT

Blue Horseshoe Stocks: DAL Options Idea

Delta Airlines, Inc. DAL

To start things off this morning, we’re immediately drawn to the most recognizable name on the premarket earnings calendar for the day. Delta has been beaten back over the past few weeks, to the point of approaching heavily oversold territory, especially as the PPS fell below the 50DMA for the first time since the second week of February.  When that did occur, the stock launched into a month-long bullish pattern. All of this is plainly evident on the chart snapshot below.

With this morning’s beat on earnings as a catalyst, we’ll look for a similar pattern to emerge this time around, and begin tracking the DAL 04/13 51.50-53 Calls.

Extended Watchlist:
RESN, DCIX, CBI, MDR, CHFS, OSTK, RIOT, EYEG, AKER