Blue Horseshoe Stocks: DAL Options Idea

Delta Airlines, Inc. DAL

To start things off this morning, we’re immediately drawn to the most recognizable name on the premarket earnings calendar for the day. Delta has been beaten back over the past few weeks, to the point of approaching heavily oversold territory, especially as the PPS fell below the 50DMA for the first time since the second week of February.  When that did occur, the stock launched into a month-long bullish pattern. All of this is plainly evident on the chart snapshot below.

With this morning’s beat on earnings as a catalyst, we’ll look for a similar pattern to emerge this time around, and begin tracking the DAL 04/13 51.50-53 Calls.


Extended Watchlist:
RESN, DCIX, CBI, MDR, CHFS, OSTK, RIOT, EYEG, AKER

Blue Horseshoe Stocks: UAA Update & More

Under Armour, Inc. UAA – Update

We mentioned the possibility of further gains for the calls we signaled in the Under Armour options chain on Tuesday, the UAA Weekly $15.50-16.50 Calls.

The markets pulled a head-fake, and ended up going green, which helped allow the stock to make to more than $18. That created huge opportunities in our highlighted plays, which went quickly from double-baggers on Tuesday, to a triple, a quad, and even an octuple-bagger!

$15.50 Calls – Range: .60-2.50 – Max Gain: 317%
$16 Calls – Range: .34-2.00 – Max Gain: 488%
$16.50 Calls – Range: .16-1.50 – Max Gain: 838%

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Fresh Options Idea:
SPY Weekly $270-272 Calls



Payment Data Systems, Inc. PYDS

We are looking at PYDS as a bottom-bouncer with just the kind of chart setup we like. The stock spent nearly all of January and the beginning of February under heavy consolidation down to its lowest PPS since October. In the last couple of weeks it has shown signs of a solid turnaround.

As you can see below, the RSI is coming off of being oversold and presently cruising toward the 50-line,  the MACD is in the midst of a bullish cross, and yesterday saw the testing of the 200DMA. PYDS also has a recent history of rapid runs up the chart, also visible on the included snapshot, so we’ll be keeping a close eye on it in the coming days.


Extended Watchlist:
CSCO, MNOV, MBRX, TEVA, RIOT, HIIQ, SBCF, OMF

Blue Horseshoe Stocks: SNAP Rocking & More

Snap, Inc. SNAP

After we signaled our interest in a range of SNAP calls yesterday morming, the stock turned in quite a performance. In fact, SNAP ended up being the top gainer on the NASDAQ for the session.

That activity paved the way for some excellent intraday moves for our designated contracts, the SNAP Weekly $16-17.50 Calls, which all more than

$16 Calls – Range: 1.15-5.00 – Max Gain: 335%
$16.50 Calls – Range: .93-4.38 – Max Gain: 371%
$17 Calls – Range: .50-4.00 – Max Gain: 700%
$17.50 Calls – Range: .45-3.51– Max Gain: 680%

We feel good about a continuation of the same kind of volatility we saw with SNAP yesterday, and will roll up our potential strike prices, and begin to monitor the SNAP Weekly $21-22.50 Calls as we finish out the week.
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Fresh Options Idea:
GrubHub, Inc. GRUB – Weekly $80-85 Calls

Twitter. Inc. TWTR – Weekly $31-33 Calls


Biocept, Inc. BIOC

We want to keep tabs on BIOC after the announcement of a public offering precipitated what we would consider an over-reactionary selloff.

The company raised a sum of roughly $14.8M after offering approximately 32M shares at an exercise price of .45, along with immediately exercise-able warrants to purchase another 32M shares at .50.

We would classify it fall to a new annual low of  .30 yesterday as a kneejerk response, and with the stock being this heavily oversold, we’ll want to put this one on bottom-bounce watch immediately.


Extended Watchlist:
TEUM, SNCR, FOLD, SWN, GCAP, NETE, RIOT, ONTX

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

Blue Horseshoe Stocks: Fresh Options Ideas & More

SPDR S&P 500 ETF (SPY) – Options Recap

Yesterday we offered up our opinion that the SPY was going to get back to its bullish ways, and outlined what we felt was an attractive set of contracts in the options chain, the SPY 01/17 $277.50-279 Calls. It was for quick-strike trades only, given that they expired at 4 o’clock, and the chances were certainly there for the taking.

We said we’d be looking for the classic dip and rip pattern to present those chances for intraday flips, and our idea couldn’t have worked out much better, including our second instance of multiple thousand percent gainers in the past week! The potential single session profits on the table were as follows:

$277.50 Calls – Range: .41-2.53 – Max Gain: 517%
$278 Calls – Range: .21 -2.03 – Max Gain: 867%
$278.50 Calls – Range: .10-1.54 – Max Gain: 1440%
$279 Calls - Range: .05-1.04 – Max Gain: 1980%



The York Water Co. YORW

We also want to submit a fresh options idea this morning to coincide with an ideal chart setup on YORW. As you can see on the included snapshot, the stock began to rebound off of a multiple-bottom setup and looks as if it could easily make a run of at least a few dollars in a potential recovery.

We’ll be ready with a couple of contracts to track in the event that a more sustained upswing is in the cards, with the YORW 02/16 $30 & $35 Calls.



Extended Watchlist:
AES, CNET, RIOT, LFIN, OAKS, NBEV, MARA,