Blue Horseshoe Stocks: Post-Earnings Options Plays

Energizer Holdings, Inc. ENR 

We’ve been seeking out prime bottom play opportunities this week, and to continue that trend, we’ve run across Energizer this morning on the heels of the stock registering a new annual low yesterday.

In conjunction with the fact that Deutsche Bank just upgraded ENR from a Hold to a Buy rating with a price target of $52/share (trading in the $37-range yesterday), along with indicators that the stock is heavily oversold, and we are confident in calling this one a prime bottom play candidate as well.


Fresh Options Plays 

We also have a pair of fresh earnings-related options ideas to pass along this morning. Post-earnings plays are typically our miost successful, and we’ve got a couple of good hunches about the following contracts as we cruise through this midweek. 

FedEx Corp. FDX –  Already in a good spot on the chart for a possible rebound leading into today’s session with a strong double-bottom setup, we’re looking to FDX options as FedEx’s Q4 results yielded a profits and earnings beat. As a result, we’re going to be tracking the FDX Weekly $157.50-60 Calls.

Micron Technology, Inc. MU – We are also looking at MU, which reported in the post-market yesterday as well, posting a beat on Q3 earnings, and bolstered guidance for sales of computer memory chips. Like the above mentioned play, MU is giving off a heavy multi-bottom signal. In this case we are interested in monitoring the MU Weekly $35-36.50 Calls.


Extended Watchlist:
AMR, SNX, VTVT, FCEL, PBF, APTX, FPAY, PES, TLGT, RIOT

Blue Horseshoe Stocks: Options Updates

MGM Resorts International Inc. MGM

On Monday morning, we issued a Form-4 alert on MGM after witnessing more than $75M in insider buying at a bottom pour in over the course of the previous three sessions.

We can usually have a fairly high rate of confidence that a stock in this situation will produce a rebound, and so far that’s just what we’ve seen. We signaled the MGM 08/16 $28-30 Calls for tracking, and so far, we’ve seen some pretty nice moves.

$28 Calls – Range: 1.09-1.80 – Max Gain: 65%
$29 Calls – Range: .96-1.32 – Max Gain: 38%
$30 Calls – Range: .68-.95 – Max Gain: 40%

There is plenty of time to continue to look after this idea, which could certainly produce further gains from this point forward.
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Turtle Beach Corp. HEAR

We also added a pair of options contracts to watch in the HEAR chain last Thursday, and while we also have plenty of time to realize added gains in this case as well, the early performance out of these has been noteworthy, especially the $15’s which have already recorded a multi-bag move.

HEAR 10/18 $12.50-15 Calls.
$12.50 Calls – Range: .60-.90 – Max Gain: 50%
$15 Calls – Range: .20-.50 – Max Gain: 150%
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FRESH OPTIONS IDEA: 
Dave & Busters Entertainment Inc. PLAY  07/26 $40-45 Calls 


Ocular Therapeutix, Inc. OCUL – Recap

We also wanted to quickly mention the performance of OCUL since we alerted on the stock last month. It has produced quite a dip and rip since that time, touching a low of 2.38 before running as high as 4.08. That marks a total possible gain of 71% in a span of just over three weeks.



Extended Watchlist:
NETS, TBLT, JILL, HSGX, FBIO, RIOT, INSY(Bottom-bouncer)

Blue Horseshoe Stocks: AAPL Update & More

OPTIONS UPDATES
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We formulated two fresh ideas in our premarket report from yesterday morning, and not surprisingly, both returned some excellent chances for multibag intraday gains early on in the day.

We highlighted the Apple, Inc. AAPL Weekly $207.50-210 Calls on the heels of the company’s quarterly earnings report, and got a serious push right out of the starting gate.$207.50 Calls – Range: 3.00-8.00 – Max Gain: 167%
$210 Calls – Range: 1.72-5.70 – Max Gain: 231%
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Additionally, we slated the CVS Corp. CVS Weekly $56-58 Calls for observation, and those gain opportunities were quite noteworthy as well. All five contracts in our designated range produced some serious chances to gains on the day.

$56 Calls – Range: .91-1.80 – Max Gain: 98%
$56.50 Calls – Range: .36-1.11  – Max Gain: 208%
$57 Calls – Range: .44-1.03 – Max Gain: 134%
$57.50 Calls – Range: .28-.70  – Max Gain: 150%
$58 Calls – Range: .15-.47 – Max Gain: 213%

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FRESH OPTIONS IDEA:
Under Armour, Inc. UAA Weekly $22.50-24.50 Calls



Precipio, Inc. PRPO – Recap

We initially put PRPO on watch a few weeks ago on the 10th of April, and over that short span we;ve seen some really nice swings out of the stock that we wanted to come back and highlight this morning.

Following our original alert, the stock was trading for as little as 3.75 before making a run to 9.31, which represents a gain of 148%  It subsequently pulled back to a low of 4.23, before making its way back to 8.60 yesterday. That second distinct move amounts to an upswing of 103%


Extended Watchlist:
ABIO, WLH, DLPH, CTRV, EYEG, NSPR, LODE, AKBA, CLVS, PRFT, RIOT

Blue Horseshoe Stocks: SPY, SPOT Calls

OPTIONS RECAP

We had a number of options contracts that we were tracking on Friday, and ended up having good fortune with two out of the three sets that we were watching. Both the SPY and Ford enjoyed bullish intraday moves after the markets themselves fell briefly first thing in the morning, followed by an entire day of ascent and a very strong close. Here are the highest possible gains that could have been achieved on the back of our ideas.

SPDR S&P500 ETF (SPY) Weekly $291.50-292 Calls
$291.50 Calls – Range:
.45-1.91  – Max Gain: 324%
$2292 Calls – Range: .26-1.49 – Max Gain: 473%

Ford Motor Co. F Weekly $9.50-10 Calls

$9.50 Calls – Range: .45-.95 – Max Gain: 111%
$10 Calls – Range: .07-.46  – Max Gain: 557%

It finished out one heck of a trading week for our options calls, of which we had at least seven separate sets of ideas that produced multi-bag gain opportunities, as you are welcome to confirm in our archives.
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FRESH IDEA: Based on the nature of Friday’s market activity, including that very strong close, we are going to bank on another session of bullish activity for the markets at large, and put the SPY 04/29(today) $292.50-293.50 Calls on watch.
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Bonus Idea: SPOT Weekly $140-142 Calls



Axsome Therapeutics, Inc. AXSM

We designated AXSM as a stock to watch in our report on March 26th, and after one full month of trading, we wanted to return to review its performance over that span.

From its low following our alert, which came in at 12.76, the stock has cruised steadily up to Friday’s new high of 18.13. That represented a one month upswing amounting to a total move of 42%


Extended Watchlist:
ROAN, PRPO, SCOR, OPBK, EMES, ENVA, TTNP, RIOT, MBRX

Blue Horseshoe Stocks: Bottom Watchlist & More

AVEO Pharma Inc. AVEO
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Last Monday the 25thwas the day that we began tracking AVEO as a potential bottom bounce play, and in that short span, we have seen some nice progress to that end.

The stock began to move the morning of our initial alert, and yesterday received a big boost, finishing as the #1 gainer on the NASDAQ for the day. Thus far we have seen AVEO run from a low of .55 on March 25th, to yesterday’s new high of 1.85. That works out to a seven-session upswing of 236%


RIOT Blockchain, Inc. RIOT

We also tagged RIOT for observation back on February 20th, and subsequently witnessed a low of 2.85. The run it has gone on with the help of Bitcoin’s resurgence to the $5K neighborhood, was solid. RIOT itself saw a push to a high of 5.15 this week, marking a positive change of 81% since our last mention.


Bottom Watchlist

We also want to highlight both comScore, Inc. SCOR, and Mr. Cooper Group Inc. COOP as potential bottom plays. Both stocks are giving off extreme oversold signals, while trading near their annual lows. We’ll want to keep these on watch for possible recoveries.
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Options Idea: PLAY Weekly $53-54.50 Calls


Extended Watchlist:
ICON, ACHN, MGI, NDRA, ASX, CHFS, TTPH, JMU, SCYX,