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