Blue Horseshoe Stocks: GIS, FDX Options

Options Updates

The Michaels Companies, Inc. MIK – One of our fresh ideas for yesterday morning’s premarket report was a post-earnings target of the MIK 04/18 $12.50 Calls combined with a solid technical setup as a bottom-bounce play.

The stock turned in a very solid performance on the day, coming up just shy of its 50DMA, and that produced a significant gain opportunity for the contract set we designated. The $12.50 Calls traded up of a low of .60, and hit 1.35, marking an intraday run of 125% We’ll want to continue to reserve a spot on our radar for this play, and watch for the stock to continue to establish higher lows and higher highs off of its recent 52-week lows.
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StoneCo Inc STNE - We also had the STNE 04/18 $37.50 & $39 Calls highlighted in yesterday’s report, and while we didn’t see quite the same intensity of activity as the above-mentioned play, that pair of contracts did get off to a good start, with nearly a full month remaining until expiration.

The $37.50′s traded in a range from 4.60-6.20 for a 35% move, and the $39′s went from 4.20-5.00 (+19%). We’ll continue tracking these as well.
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Fresh Post-Earnings Ideas:

FedEx Corp. FDX Weekly $172.50-170 Puts
General Mills, Inc. GIS 04/18 $47.50-50 Calls


Extended Watchlist:
SCNA, NAVB, TYHT, NVRO, PIR

Blue Horseshoe Stocks: MIK Options & More

SPDR S&P500 ETF (SPY) – Recap

We went bullish on the SPY in our premarket report yesterday, and thanks to two distinct intraday pushes for the markets, there were opportunities across the board for our highlighted contracts throughout the session.

Those targets were the daily SPY 03/18 $281-282 Calls, and we saw significant moves from all three. The $281.50 Calls traded in a range from .34-1.06 for an overall upswing of 212% while the $282′s traded up from .15 to .58, a gain of 287% (We mistakenly lost exact data for the $281 calls, but the gain opportunities were very similar to those of the other two strike points.) 


The Michaels Companies, Inc. MIK

We also want to signal a set of contracts on MIK, which was the one listing on this morning’s earnings calendar that jumped out to us the most. Michaels posted an earnings beat, but also happens to be trading near its annual lows.

We’re going to approach this like we would any other play with bottom-bouncer written all over it, by signaling some longer-term calls to give ourselves some extra time to see the recovery play out. We’re going to radar the MIK 04/18 $12.50 Calls and monitor their activity in the days and weeks ahead.
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Bonus Idea:
STNE 04/18 $37.50-39 Calls


Extended Watchlist:
FPAY, CPST, INSY, TROX, CPST, NCTY, SDRL, CREG, LGCY, AKER, PIR

Blue Horseshoe Stocks: More Big Wins, Bottom-Play

Friday’s Big Wins

We continue to pepper our readers’ inboxes with options ideas almost every day, and Friday’s report was no different. We featured a pair of fresh ideas in the ROKU and TTD chains, and hit the nail on the head with both of them to close out another solid week with strength!

The following single-session gain opportunities were there for the taking after both stocks had productive sessions on the heels of their earnings reports. TTD and ROKU took the 3rd and 6th top gainer spots, respectively, for the whole of the NASDAQ on Friday.  Out of eight sets of contracts, all eight recorded multi-bag runs on the day, with the ROKU moves being considerably more impressive. 

Roku, Inc. ROKU Weekly $53-56 Calls

$53 Calls – Range: 2.42-11.89 – Max Gain: 391%
$53.50 Calls – Range: 1.90-11.00 – Max Gain: 479%
$54 Calls – Range: 1.65-10.86 – Max Gain: 558%
$54.50 Calls – Range: 1.27-9.87 – Max Gain: 677%
$55 Calls – Range: 1.12-9.95 – Max Gain: 788%
$56 Calls – Range: .75-8.84 – Max Gain: 1079%
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The Trade Desk Inc. TTD Weekly $170-175 Calls
$170 Calls – Range: 9.65-27.37 – Max Gain: 184%
$175 Calls – Range: 4.60-26.00 – Max Gain: 465%


Fresh Options Idea:
SPDR S&P500 ETF (SPY) 02/25 279.50-281 Calls*

* These options expire at the end of today’s session. Do not attempt to trade unless you are an advanced level trader with access to disposable funds.


Extended Watchlist:
ABEO, YRIV, NTLA, TTNP, BMRN, LX, NIO, PIR, SOGO, INSG, ARWR, SOLO, UNIT (Bottom-Watch)

Blue Horseshoe Stocks: SBUX Options & More

OPTIONS RECAP

Yesterday was a day for options, with a whole calendar full of earnings reports, and we formulated a couple of fresh ideas in LUV and MKC, going bullish and bearish, respectively. Both sets of contracts produced really good opportunities for intraday gains.

Southwest Airlines Co.

LUV Weekly $52-54 Calls

$52 Calls
 – Range: 1.25-2.63 – Max Gain: 110%
$52.50 Calls – Range: .99-1.90 – Max Gain: 92%
$53 Calls – Range: .56-1.85 – Max Gain: 230%
$53.50 Calls – Range: .40-1.25 – Max Gain: 213%
$54 Calls – Range: .20-1.00 – Max Gain: 400%

McCormick & Co. Inc.
MKC 02/15 $125 & $120 Puts
$125 Puts – Range: 3.11-5.51 – Max Gain: 77%
$120 Puts – Range: 1.51-1.91 – Max Gain: 26%
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FRESH IDEAS:
SBUX Weekly $66-67.50 Calls*
WDC Weekly $43.50-45 Calls*

*Please do not attempt to trade weekly options on a Friday unless you an advanced level trader with disposable funds.


Briggs & Stratton Corp. BGG

We want to close things out this week by commenting on Briggs & Stratton’s gap down to its lowest PPS since the the early 1990′s. While it may see more short term losses first, we still want to radar this as a bottom-watch play.


Extended Watchlist:
DBVT, AYTU, MRIN, TTNP, PIR, CAPR, ACHV

Blue Horseshoe Stocks: SAGD Review & More

South American Gold Corp. SAGD
(soon to be Sativa Growth International)

On the morning of last Thursday the 21st, we signaled our interest in tracking SAGD, and at the time the stock was trading as low as .0135. In the week of trading which has followed, the stock has made a very nice move.

Yesterday, SAGD hit a new high of .0364 which represents a one-week upswing of 170% and continues our recent impressive trend of identifying not only hot options plays, but scoring big with stocks as well.

We should also mention that the company announced its plans to change its name and official focus to reflect the work it has been doing to move toward the cannabis space.(>>Read PR) It’s one of our favorite OTC market sectors, and we’ll be tracking SAGD as part of it moving forward.


Accenture plc. ACN – Recap

Speaking of success in options ideas, our fresh play from yesterday morning’s premarket report yielded fantastic single-session results. We designated the ACN Weekly $157.50-162.50 Calls as our go-to options play for the day and all three of the contracts contained in our highlighted range were big-time winners on the day.

$157.50 Calls – Range: 2.36-7.41 – Max Gain: 214%
$160 Calls – Range: 1.24-5.60 – Max Gain: 352%
$162.50 Calls – Range: .50-3.10 – Max Gain: 520%
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Fresh Options Ideas:
Nike Inc. – NKE Weekly $77-79 Calls
SPDRA S&P 500 ETF – SPY Weekly $270-272 Calls


Extended Watchlist:
IQ, BAC, VRTX, ACAD, DERM, PIR(bottom-watch)