RVUE | Blue Horseshoe Stocks

Blue Horseshoe Stocks: Fresh Options Ideas, VAPE Recap & More

Fresh Options Ideas

The markets made a notable upturn following yesterday’s Fed meeting from which we learned that it will be proceeding with caution regarding a potential interest rate hike. The floundering world economy as well as trouble with low inflation domestically were cited as reasons behind the reticence. Despite the note of uncertainty, there is nothing ambiguous about the overall market sentiment at present, which is leading us to formulate some bullish ideas on the options-trading front.

SPDR S&P 500 ETF (SPY)

We’ve enjoyed tons of success trading SPY options in the past when we need a close analog of the markets as a whole, so it stands to reason that we call out a new idea for some SPY Calls this morning. We’re going to be paying attention to the SPY Weekly $204-206 Calls.

Apple, Inc. AAPL

AAPL seemed to enjoy a boost in the wake of the US Government’s dismissal of the federal court case which had embroiled the two in recent weeks. After enjoying a steady increases throughout the session, the stock is currently gapping up in the premarket. Our target range here is going to be AAPL Weekly $107-109 Calls.

Ambarella, Inc. AMBA

We flagged AMBA in yesterday’s watchlist and it too produced a bullish session. In addition to being connected with AAPL being a provider of internal hardware for Apple devices, AMBA received an upgrade from analysts at Morgan Stanley. We’ve got a corresponding options idea for this one as well. For this play, we’re looking to the AMBA Weekly $44-46 Calls.

Lulu Lemon Athletica, Inc. LULU

LULU is gapping this morning on the heels of an earnings beat, so we’re going to want to signal some calls here as well. This is another stock whose options chain has provided us with ammunition for extreme gains in the past. We’ll be monitoring the LULU Weekly $62-65.50 Calls.

With everything gapping up in the premarket, we’ll of course be on the lookout for possible dip-and-rip scenarios prior to the execution of any of these ideas.

Vape Holdings, Inc. VAPE

We can officially add VAPE to the list of cannabis-related stocks that we’ve witnessed making appreciable upswings this week. We added it to yesterday’s morning report as another pot-play to keep an eye on, and we’re immediately rewarded with a solid opportunity for some single-session gains.

VAPE traded in a range from .0106 to .017 on the day, giving traders the chance at profits of up to 60% The move came in conjunction with the announcement of another round of debt restructuring and consolidation (>>View PR).

We’ve added new cannabis candidates to our radar each day this week, and we’ll repeat that again today, pinning CANL and MCOA to our watchlist.

Extended Watchlist:
RVUE, WDRP, EARI, GALE, ACAD

Blue Horseshoe Stocks: Fresh Options Ideas & More

Salesforce.com, Inc. CRM – Options Update

Our fresh options idea in yesterday morning’s report panned out very well for us when all was said and done. We highlighted a range which encompassed six sets of contracts, the CRM Weekly $67.50-70 Calls, and regardless of which strike point was chosen, hefty intraday profits were there for the taking from around lunchtime, right up until the close.

The magnitude of the potential profits we observed were certainly not as epic as the two separate chances at 1500% gains provided to us by our Macy’s calls from earlier in the week, but in and of themselves, still very impressive.

$67.50 Calls – Trading Range: .70-2.04 – Max Gain: 191%
$68 Calls – Trading Range: .37-1.70 – Max Gain: 359%
$68.50 Calls – Trading Range: .35-1.20 – Max Gain: 243%
$69 Calls – Trading Range: .12-.83 – Max Gain: 591%
$69.50 Calls – Trading Range: .13-.60 – Max Gain: 362%
$70 Calls – Trading Range: .08-.30 – Max Gain: 275%

We must be doing something right when a 500% rip begins to seem small by comparison! In an attempt to extend our extreme good fortune with options plays this week right up to the end, we’ve prepared a couple of ideas* for possible day-trades based on premarket activity this morning.

Palo Alto Networks, Inc. – PANW Weekly $147-152.50 Calls

Baidu, Inc. – BIDU Weekly $172.50-177.50 Calls

*Pertaining to both of the preceding ideas, remember to always consider the inherent elevated risk associated with trading weekly options contracts on a Friday!

USA Restaurant Funding, Inc. USAR

After USAR offered us the chance at intraday gains of up to 51% on Wednesday as it ran from .0093-.0148, we suggested that a bounceplay could be in the cards, given the volatility we had observed- the stock had pulled back considerably toward the end of the session.

The rebound we referred to did come to pass during yesterday’s session, as USAR traded up from its daily low of .0071 to a high of .0098. That represented a modest but solid 38% move on the day.

Agritek Holdings, Inc. AGTK – Update

We placed AGTK in our reports multiple times earlier this month, and the stock has responded with quite a nice performance in the intervening weeks since those tags.

Shortly after our most recent mention, we’d observe a low of .003 followed by a steady ramp-up at first, giving way to more significant increases this week. It culminated in a high of .0121 yesterday which marked an overall swing of 303% in fewer than a dozen sessions!

Based on its heightening activity, we’ll continue to leave a slot open for AGTK on our radar screens moving forward.

Extended Watchlist:
JCP, SUNE, EFFI, NTLK, PFSD, AEYE, RVUE, UPZS, MDFI