Blue Horseshoe Stocks: TJX Recap & More

The TJX Companies, Inc. TJX – Options Recap

TJX found its way to our premarket report yesterday morning, after the company posted a solid quarterly release.

To coincide with the activity we were observing, we slated a range of options ideas to keep track of, the TJX 06/15 $85-90 Calls. We are pleased to report that there were some nice gains available to traders before noon.

$85 Calls – Range: 2.14-3.90 – Max Gain: 214%
$87.50 Calls – Range: .90-2.50 – Max Gain: 178%
$90 Calls – Range: .35-1.10 – Max Gain: 214%
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Fresh Options Ideas:
Tiffany & Co. TIF Weekly $114-117 Calls
Lowes Companies, Inc. LOW Weekly $88-90 Calls


Other Updates

Each of the following have been picks we’ve included in our daily reports from roughly the last month or so. We have included our alert date, observed lows, and subsequent highs along with the total possible gains that were on the table.

ARQL (04/18) 2.40-4.20, +75%
SDR (05/18) 1.26-1.74, +38%
HTBX (05/14) 1.35-2.00, +48%


Extended Watchlist:
TRXC, AVGR, SNES, DPW, ADOM, AEL

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

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