Blue Horseshoe Stocks: Friday Options Recap

Friday Options Recap

We were tracking some calls throughout the week last week, as well as submitting some fresh ideas on Friday, and we want to kick things off this week by going over the excellent opportunities that those provided through Friday’s session,

Canada Goose Holdings Inc. GOOS – We slated a range of GOOS options fresh for Friday’s morning report, with the GOOS Weekly $50-60 Calls, and we were quite pleased with the resulting activity and chances for big profits. Every one of the seven contract in that range saw huge moves to the upside, including both a 9 and a 14-bagger!

$50 Calls – Range: 4.00-11.32 – Max Gain: 183%
$51 Calls – Range: 3.30-8.89 – Max Gain: 169%
$52 Calls – Range:3.13-7.00 – Max Gain: 123%
$53 Calls – Range: 2.96-5.50 – Max Gain: 86%
$54 Calls – Range: 1.50-5.60 – Max Gain: 273%
$55 Calls – Range: .55-5.67 – Max Gain: 931%
$60 Calls – Range: .10-1.55 – Max Gain: 1450%

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Tesla, Inc. TSLA – We had already seen multi-bag moves in the TSLA Weekly 337.50-347.50 Calls that we signaled on Wednesday morning,  but Friday’s bullish move allowed for impressive new highs in all five of our tracked contracts

The following figures represent the three-day swing and total possible gains over that span, from our initial alert on Wednesday morning, through Friday’s session.

$342.50 Calls – Range: 4.90-26.18 – Max Gain: 434%
$345 Calls – Range: 4.00-24.35– Max Gain: 508%
$347.50 Calls – Range: 3.20-22.10 – Max Gain: 590%
$345 Calls – Range: 4.00-19.37 – Max Gain: 384%
$347.50 Calls – Range: 3.20-16.87 – Max Gain: 427%

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Extended Watchlist: AVLR, EGC, RCII, AXL, QTNT, GEVO

Blue Horseshoe Stocks: Interesting Bottom Plays

Biglari Holdings, Inc. BH

We noticed BH this morning purely on the stock’s interesting chart setup. The stock had been crushed down at the end of last month after the company announced its recapitalization plan. We’re not saying the move shouldn’t have resulted in a decline in the stock’s price, but these selloffs tend to have a snowball effect, and BH has been over-abused.

Simply take a look at the chart below and you can see what we[re talking about. The RSI has been as heavily oversold as you’re likely to see, while the stock has begun to regain some of its lost ground. The MACD is also loudly signaling the potential for a rebound, so we’ll have our eyes peeled.


International Flavors & Fragrances, Inc. IFF

Speaking of bottom play opportunities, we may have an even more interesting one here in IFF today. This stock is currently boasting a cherry of a chart as well, with all of the indicators we commonly scan for showing strong impending bullish signals. Not to mention the Form-4 filed yesterday wherein a 10% ownership insider purchased a $25M block at just a penny below yesterday’s closing price, down here at the bottom.

To help us leverage some good gains out of this one if indeed it can mount the rebound we suspect it might, we’re going to want to be tracking the IFF 06/15 $125-135 Calls.


Extended Watchlist:
VLRX. UPL, AMRS, SDR, CARV, EIGR, QTNT

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%

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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:
RIOT, NETE, DRYS, DPW, MARA, CFRX