Blue Horseshoe Stocks: Fresh Options Plays & More

Options Roundup

Yesterday, we took the opportunity to update readers on the performances of some successful stock calls we made recently. Today we want to turn back to the options trading front with a couple updates on longer-term calls we’ve made, as well as a fresh idea. 

Chipotle Mexican Grill, Inc. CMG - Beginning with the new idea, we we’re noticing a good chart setup on Chipotle, with a number of factors pointing to potential bullish activity forthcoming.  We’d like to signal a range of contracts to watch accordingly. We’ll have our eye on the CMG Weekly $297.50-305 Calls.
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Verizon Communications, Inc. VZ -  We highlighted a range of calls in the Verizon chain a couple of Fridays ago, and the stock has been on an impressive uptrend ever since. We want to provide updated figures, on the total possible gains we’ve witnessed since putting the VZ 01/19 $45-48 Calls on watch.

$45 Calls – Range: 1.08 -3.95 – Max Gain: 266%
$46 Calls – Range: .59-3.06 – Max Gain: 419%
$47 Calls – Range: .39-2.25 – Max Gain: 477%
$48 Calls – Range: .23-1.55 – Max Gain: 574%

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AT&T, Inc. ATT
-  We also recently signaled a range of  ATT calls (Nov 9th) on a longer term basis, the ATT 01/19 $34-36 Calls, and those ranges have increased as well, with a bullish performance from T continuing over the past few weeks.

$34 Calls
– Range: .91-1.81 – Max Gain: 99%
$35 Calls – Range: .53-1.12 – Max Gain: 111%
$36 Calls – Range: 37-.66 – Max Gain: 78%


Extended Watchlist:

SINO, DPW, RAD, DMPI, GROW, PZRX,

Blue Horseshoe Stocks: WMT Options Recap & More

Wal-Mart Stores, inc. WMT – Options Review

We signaled a wide range of options contracts in the Wal Mart chain yesterday, the WMT Weekly $92-96 Calls, and every single one of them produced the opportunity for huge single session gains. It was a post-earnings beat idea, and those have a tendency to work well in our favor.

WMT made a considerable move which allowed for multi-bag gains regardless of which strike price was selected. Those potential profits were as follows:

$92 Calls – Range: 2.55-7.40 – Max Gain: 190%
$92.50 Calls – Range: 2.13-7.15 – Max Gain: 236%
$93 Calls – Range: 1.42-6.58 – Max Gain: 363%
$94 Calls – Range:1.03-5.53 – Max Gain: 437%
$95 Calls – Range: .60-4.50 – Max Gain: 650%
$96 Calls – Range: .23-3.50 – Max Gain: 1421%

It appears as if WMT could keep this train rolling today, so we may look to roll up to the WMT Weekly $98-100 Calls* to stay close to the money.



Fresh Options Ideas:

We also want to put a few contracts from the Foot Locker and Verizon chains on watch today. Footlocker currently has a ripe bottom-play setup happening on the chart, while Verizon is another post-earnings beat idea.

FL Weekly $38-42 Calls*

VZ 01/19 $45-48 Calls

* Never trade options with a weekly expiration on a Friday unless you’re an expert trader with disposable funds. It’s just about as risky as it gets.


Extended Watchlist:
RLOG, DCIX, SINO, TOPS, NTES, HIBB

Blue Horseshoe Stocks: Options Roundup & More

Best Buy Co. Inc. BBY

Our primary area of focus in terms of fresh picks in yesterday’s premarket report was in post-earnings options ideas, and essentially everything worked out in our favor, beginning with our ideas for the Best Buy chain, which were the BBY Weekly $55-58 Calls.

All seven sets of contracts in our highlighted range gave traders a chance at HUGE multi-bag gains on the day ranging from a triple all the way to a TWELVE-bagger! 

$55 Calls
– Range: 1.60-6.90 – Max Gain: 341%
$55.50 Calls – Range: 1.12-6.19 – Max Gain: 453%
$56 Calls – Range: 1.00-5.80 – Max Gain: 480%
$56.50 Calls – Range: .61-5.21 – Max Gain: 754%
$57 Calls – Range: .50-4.90 – Max Gain: 880%
$57.50 Calls – Range: .35-4.12 – Max Gain: 1077%
$58 Calls – Range: .29-3.97 – Max Gain: 1269%


Abercrombie & Fitch Co. ANF

Our ANF calls didn’t disappoint either, despite the fact that Abercrombie’s was a much more mixed earnings release.  We said we’d be looking at the ANF Weekly $13 & $13.50 Calls, and saw some solid moves out of both.

The $13 Calls ran from .63 to 1.05 for an intraday push of 67% while the $13.50′s traded in a range from .35-.50, posting an intraday pop of 43%

Based on the present look of the ANF chart, we’ll still want to track these plays heading into the long weekend, but be forewarned, dealing with weekly options contracts on a Friday is for expert traders ONLY!

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Big Lots, Inc. BIG – Fresh Idea

We’ve had so much options trading success this earnings season, there’s no reason not to add in a couple more fresh ideas before we break for the holiday weekend. 

Big Lots beat on profits and raised guidance in its premarket release today. With no weekly contracts to look at, we’ll put the BIG 06/16 $55 & 57.50 Calls on watch in the weeks ahead.

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ULTA Beauty, Inc. ULTA - This play is gapping up hard after its own earnings beat yesterday. We’ll want to keep an eye on the ULTA Weekly $302.50-310 Calls (Again, to be considered by expert traders only)



Coin Citadel CCTL

We offered up a few bitcoin related stocks to watch yesterday in light of the hysteria over bitcoin reaching all-time highs, and the one that outperformed the rest turned out to be CCTL.

Its volatile swings provided solid chances in both the morning and afternoon. First it ran from .0004 to .0007 (+75%), followed by a pullback to .0003 and subsequent 100% run-back to .0006.


Extended Watchlist:
OTTV, GLBS, SINO, DVAX, CYTR, ZSAN, SHLD

Blue Horseshoe Stocks: Options, Updates & More

Twitter, Inc. TWTR – Options Recap

Our formulated ideas for the TWTR options chain from yesterday morning’s premarket report turned out to offer up some fantastic chances to profit. We spotted just the right conditions before market hours and pounced, designating the TWTR Weekly $15-16 Calls to be our targets.

It certainly wasn’t the first time we’ve used Twitter in this manner, and it probably won’t be the last. Regardless of which set of contracts was chosen, multi-bag, single-session gains were there for the taking:

$15 Calls – Range: .30-1.49 – Max Gain: 397%
$15.50 Calls – Range: .40-1.00 – Max Gain: 150%
$16 Calls – Range: .21-.61 – Max Gain: 190%
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FRESH Options Idea: UPS 05/05 $108-111 Calls


Akebia Therapeutics, Inc. AKBA

An honorable mention from yesterday’s report was AKBA, which we tagged for observation after noticing some abnormal premarket activity on our routine morning scan.

The stock traded in a respectable range from a low of 11.08 to as high as 13.94. That works out to an intraday move of 26% which came on massive volume of an astonishing 110X the 30-day average! It also managed to close holding roughly half of its daily increase at 12.50, so we’re definitely going to be on the lookout for continued activity in AKBA, which could include a dip-and-rip pattern at some point.


American Leisure Holdings, Inc. AMLH

We tracked AMLH over some monstrous gains from the end of March, to earlier this month. The move took it from super-subpenny lows of .0003 to a high of .007 (+2233%), so we weren’t at all surprised to see a consolidation period follow over the next several sessions.

The stock did however find support and make a reversal off of the .0029 level beginning last week, and heading back up to its previous high of .007 yesterday, marking a 141% swing. We’ll look for the stock to break through that resistance at .007, which would effectively put AMLH into Blue Sky Breakout mode, and trading at its highest prices since the Fall of 2015.


Extended Watchlist:
ALIM, BLDV, MDGS, SSKN, SINO, PURA(News)

Blue Horseshoe Stocks: GIGL Explodes & More

Giggles N’ Hugs, Inc. GIGL

We were exceptionally pleased with the performance of GIGL after including it in Friday’s premarket report, and our timing really couldn’t have been any better. The stock had been trading sideways for months, without so much as a spike, yet it still broke out for a monstrous single-session move.

GIGL traded up from an early low of .0053, smashed through the penny barrier, and hurtled its way to an impressive high of .024. That worked out to an intraday push of 353% and it came on record volume.

For those reasons, we’ll certainly be ready to continue monitoring the activity in this play. We’ll of course allow for the possibility of some course correction, but the odds of seeing either a continued increase, or a dip-and-rip scenario, seem reasonably high at this point.


LIG Assets, Inc. LIGA

We also got a pretty good performance out of LIGA, which was another inclusion from Friday’s report. The move didn’t quite rise to the magnitude of the aforementioned stock, it did attain double-bagger status with a significant gain opportunity.

From a low of .001, we watched as LIGA shot to a high of .0022 inside of the first two hours of trading. That was good for quick gains of up to 120%    Perhaps just as importantly, the stock maintained more than half of its daily advance, so we’ll be keeping an eye peeled in sessions to come.


Merrimack Pharmaceuticals, Inc. MACK

We also want to draw attention to MACK this morning, a stock that we haven’t visited in quite some time. Following the establishment of a new 52-week (and indeed, a three year) low on Friday, a bombshell development hit wires this morning and is really causing a stir.

PPS has increased considerably in premarket trading as the company announced that it has sold a pancreatic cancer drug, among other assets, for a cool billion dollars. (>>View PR)

Whenever a major catalytic event such as this transpires, we always like to monitor the situation on the tail end. Hypothetically, a return to its pricing from around this time last year, from this point, would carry a gain of around 100%


Extended Watchlist:
ACNV, GEVO, DRYS,TLOG, SINO, DCIX,