Blue Horseshoe Stocks: Options Roundup & More

Options Review

Apple, Inc. AAPL  – AAPL beat on earnings as well as kicking off sales on the iPhone X, and two out of three of the AAPL Weekly $170-175 Calls* we signaled for possible daytrades ended up recording some nice moves on the day.

Our first order of business to kick off the fresh week is to recap those moves followed by another set of winners we chose on Friday.

The AAPL $170 Calls ran from 1.63-3.82 for potential gains of up to 135%, while the , $172.50s made an even nicer move from .31 to 1.36 for an intraday rip of 339%

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Arista Networks, Inc. ANET  – The set of ideas we formulated for ANET on Friday were the 11/17 $195-210 Calls, and all three sets of contracts in that range provided traders with the chance at multi-bag intraday gains.

$195 Calls – Range: 3.15-9.30 – Max Gain: 195%
$200 Calls – Range: 2.40-5.80 – Max Gain: 142%
$210 Calls – Range: 1.00-2.11 – Max Gain: 111%

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Fresh Idea:

For a new potential play, we’re looking at Pandora Media, Inc. P which took a gut punch on Friday, falling to its lowest prices since early this summer. The last time the stock was this oversold, it followed it up with a run from 6.75 to to 10.00.

We’re going to go out a couple of months on the expiration and track the  P 01/19 $6 and $7 Calls so we have plenty of time to see Pandora make the rebound we’re after.


Keryx Biopharmaceuticals, Inc. KERX

We’re going to put KERX on watch after noticing multiple ripe indicators this morning. The stock bounced of a recent bottom and close with strength at the 200DMA on Friday. With the MACD gearing up for a bullish cross and the RSI just about to crack the 50-line, we’ll be interested to track the activity in KERX in coming sessions.


Extended Watchlist:
HMNY, EVEP, KORS, PTN, AMD, EGLT, NTES

Blue Horseshoe Stocks: Options Ideas & More

Harley Davidson, Inc. HOG – Options

We were passively observing HOG last week as the stock was coming off its newly registered annual low (46.00), and we want to kick off this trading week by entering a potential options idea into the log. The stock is is extreme oversold territory, and we feel it’s just a matter of time before a more convincing rebound occurs.

That’s why we want to wait in the wings and observe the HOG 09/01 $49-51 Calls, which could stand to make some very nice moves if the stock can regain some of its recently lost ground over the course of the next few weeks.


Pandora Media, Inc. P – Options

Without a heck of a lot happening on the stocks front, being the dog days of summer, we see better chances for good opportunities with options at the moment. Pandora is another idea we want to talk about this morning,

It has been doing quite well over the past several weeks, since touching a low of 6.76 midway through last month. It approached the ten dollar mark last week before peeling back slightly, but this morning in the premarket, we’re seeing trades in the $10-range so we want to be ready with an options idea on the chance that a more significant breakout could occur. We’ll be tracking the P Weekly $9.50-11 Calls.


Extended Watchlist:
AZFL, CHOB, GNCA, NVAX, GLBS, RNVA

Blue Horseshoe Stocks: SNDX Recap, Options & More

Syndax Pharmaceuticals, Inc. SNDX

Despite the markets getting crushed yesterday we managed to find and tag in our premarket report, what would ultimately be the NASDAQ’s top gainer of the day. SNDX had been gradually coming up off a bottom in the few sessions prior, but yesterday things really kicked into gear.

It traded in a range from 10.76 to 15.335, a fantastic intraday move of 43% which is really impressive for a $10+ stock. That move inside of the first 90 minutes of the session. That was followed by a dip-and-rip pattern from 12.16 and back to 13.62; a 12% rebound into a strong close at 13.58

The stock traded 56x its 30-day average volume yesterday, and held more than half of its daily advance, so we’ll be treating this as a potential momentum play as we head into week’s end, looking out for higher highs and higher lows out of SNDX.


Fresh Options Ideas

Speaking of the markets getting crushed, it appears as if we may see a continuation of that pattern today, so we want to have a few sets of options ideas to fall back on in the event of a continued slide.

Alibaba Group Holding Ltd. BABA – BABA had been on an incredible bullish run for the better of part of 2017 thus far as you can plainly see on the chart snapshot we’ve included here. You can also see that the strength index is sharply declining after having recently been indicating the stock was extremely overbought.  We can also see the MACD pinching toward a bearish cross.

That’s why, along with an earnings miss in the premarket and the overall current of the markets as a whole, we’re looking at the BABA Weekly $120-117 Puts for potential quick-strike swing trades.


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SPDR S&P 500 ETF Trust (SPY)  – Also in the vein of our general bearish view of today’s overall conditions, we want to line up a set of SPY Puts for observation. Our regular readers know that the SPY is one of our favorite market analogs, and has been a wellspring of gains for us on the options front when we correctly gauge investor sentiment.

Today we want to put the SPY Weekly $237-235 Puts on watch, as a sustained tumultuous period for stocks would likely produce some good chances for us there.


Extended Watchlist:
P, GLYC, CYTR, ETRM, XGTI, VSLR