Blue Horseshoe Stocks: Options Review & More

Lumentum Holdings Inc. LITE

We noted yesterday morning that LITE was bucking trend of the two-day market bloodbath we witnessed this week. We made it clear that we were interested in the LITE Weekly $44-46 Calls regardless of which way the markets went, and it turned out to be a solid idea.

The markets did of course see a reversal, and LITE did perform well on the day, creating the following gains in our tracked contracts:

$44 Calls – Range: 2.00-8.00 – Max Gain: 300%
$45 Calls – Range: 2.50-6.98 – Max Gain: 179%
$46 Calls – Range: 1.25-6.00 – Max Gain: 380%


Fresh Options Ideas:

The Walt Disney Co. DIS – Weekly $107-109 Calls
Snap, Inc. SNAP – Weekly $16-17.50 Calls

Quotient Ltd. QTNT

Another stock we went bullish on in yesterday morning’s report, despite coming off the biggest two-day losses for stocks in history, was QTNT.

It boasted a solid bottom setup, and had already exhibited some bottom-bounce activity in the prior session. It also performed well on the day, trading up from a low of 3.36 to a high of 4.39- a respectable intraday run of 31%  We’ll look for the stock to establish a trend of higher highs and higher lows over the next few sessions.

Extended Watchlist:

Blue Horseshoe Stocks: TVIX Update & More

VelocityShares Daily 2X VIX ST ETN (TVIX)

As we’re sure everyone is aware, we’ve seen the biggest two-day downturn for the markets in history. Luckily, we had already added TVIX to our watchlist in our report on the morning of January 30th.

We began tracking this fund, which trades inversely to the market as a whole, and subsequently observed a low of 5.50. With the market bloodbath yesterday, the TVIX was pushed to a new high of 14.77.

That landed our total possible gain on this play at 169% but that figure has grown even further as a new high of 20.30 was registered in premarket trading this morning putting our total observed range on the TVIX at 269% over a span of just a few sessions.

Lumentum Holdings Inc. LITE

We’re also seeing a stock that is bucking the trend this morning. Even as it appears we’re headed for another down day in general, LITE is gapping up in the market after having recently bounced off of its lowest PPS since last May.

We’re actually going to go bullish on this one, and signal the LITE Weekly $44-46 Calls for observation.

Quotient Ltd. QTNT

Speaking of bounceplays, QTNT is looking interesting as well. We wanted to quickly make note of this. As you can see on the chart snapshot included below, it saw some surprising activity yesterday but came back to settle below 3.00, with the MACD on the cusp of a bullish cross and the RSI giving off a heavily oversold signal.

We’ll keep an peeled here as well, for another possible bucking of the ominous trend currently underway for the markets at large.

Extended Watchlist:

Incoming search terms:

  • ANEN
  • will TVIX ever go baxk into the millions range

Blue Horseshoe Stocks: Multiple Updates

FutureLand Corp. FUTL

After already showing us a multi-bag swing from our initial alert on Friday to new highs on Monday, FUTL put up another solid performance yesterday. The stock traded in an intraday range from .0024 in the morning, and edged it way up all day to hit a new high of .0037 shortly before 2PM. That works out to a 54% push on the day, accompanied by roughly six times the monthly average volume.  .

From our observed low of .0012 on Friday, the stock has now managed a three-session swing amounting to 308% and will hold our interest as long as it continues to register higher base levels of support.

Apple, Inc. AAPL  – Options Recap

We figured to take advantage for the hype surrounding Apple for its big iPhone 8/X event, and there was enough price action and volatility throughout the day so as to present two separate opportunities for intraday swing trades.

We were looking at the AAPL Weekly $160 & $162.50 Calls, each of which exhibited the same pattern of an early run, followed by a dip-and-rip for a secondary move in the afternoon.

The $160′s first ran from 2.44-4.58 (+88%), and then from 1.07-1.98 (+85%), while the $162.50′s traded from 1.29-2.77 (+115%) initially, followed by a later move from .45-.80 (+78%). All in all, some nice activity for our first AAPL calls in quite some time.

 Cracker Barrel Old Country Store, Inc. CBRL

Drawing us to CBRL this morning is a solid setup on the chart with the stock having recently reversed off of a bottom, in conjuction with a premarket earnings beat.  This is just the sort of scenario we’re always scanning for, and in this instance, we’re going to formulate both a shorter and longer-term options idea.

We’re going to place the CBRL Weekly $150 & 151.50 Calls as well as the 10/20 $155 Calls on watch in the days and week ahead.

Honorable Mentions:

Forterra, Inc. FRTA – After tagging FRTA in Friday’s premarket report, we’ve seen a pretty nice uptrend from the stock. It’s traded up from 3.66 to 5.25, a move of 43% We’ll want to continue to monitor its activity as we head through midweek.

Quotient Ltd. QTNT - We had QTNT in yesterday’s watchlist, and want to continue to track it after it made a similar move.  Also from a low of 3.66, QTNT saw a subsequent high of 5.14, which comes out to an intraday pop of 40%

Extended Watchlist:

Blue Horseshoe Stocks: AAPL Options & More

Apple, Inc. AAPL  – Options Idea

If you root through the seven year newsletter history archived at our website,, you would find that we’ve discussed AAPL more times than most stocks, even though we haven’t mentioned it much in recent times.

In fact, AAPL’s was the first go-to options chain that we focused on when we began including options trading ideas a few years ago. This morning, we’re coming back to this old favorite with a fresh idea to coincide with the current Apple hype.

The company is rolling out the new iPhone today, among other things, and iPhone announcements have historically provided some good ammunition for options traders. Today, we’re going to slate the AAPL Weekly $160 & $162.50 Calls for observation in forthcoming sessions as AAPL’s event is expected to drive up activity not only in its own stocks, but likely other tech stocks as well.

FutureLand Corp. FUTL

On Friday morning, we included FUTL in our watchlist, and the stock has made a solid two-swing for us. From Friday’s low of .0012 the stock set a new high of .0026 to kick off the week yesterday, which works out to an overall jump of 117% Yesterday’s big push came on volume of more than three times the monthly average.

We would also include a note of caution in terms of long term interest in this stock. The company dropped the news that it had entered into a joint venture with Greenleaf Holdings  that would “deliver solar technology to the cannabis industry”. Yet here it is, two months later, and there have been no further details given. We tend to be wary of companies that don’t keep a steady line of communication to shareholders.

That being said, we have seen some really nice movement on the chart as we mentioned above, so we’ll continue to keep an eye on FUTL.

Extended Watchlist: