Blue Horseshoe Stocks: Form-4 Plays & More

SPDRA S&P 500 ETF (SPY) – Recap

Our first order of business this morning is to share the performance of the options we alerted on in Friday morning’s report. Those targets were the SPY Weekly $290-291.50 Calls, and they produced some very nice single session gain opportunities for ourselves and our readers.

We have typically been very good playing the SPY in the past, and this time was no different, The gains that were on the table were as follows:

$290 Calls – Range: .34-1.04 – Max Gain: 206%
$290.50 Calls – Range: .12-.58 – Max Gain: 383%
$291 Calls – Range: .20-.46 – Max Gain: 130%
$291.50 Calls – Range: .08-.19 – Max Gain: 138%



Francesca Holdings Corp. FRAN
& Amicus Therapeutics, Inc. FOLD

This morning we noticed that FRAN is exhibiting a number of traits that we normally keep a lookout for. The stock is coming off of a bottom with a large gap on the chart, and on Friday, the CEO filed a Form-4 for the purchase of 10,000 shares near the stock’s lows.

This is often a sign of high internal confidence in the stock’s ability to rebound, so we’re going to place FRAN on recovery watch in the days and weeks ahead.
_____

FOLD is another play which also currently boasts a bottom setup, with a significant amount of insider buying taking place on Thursday at its lows. We’ll definitely want to keep this one on watch as well.


Extended Watchlist:
ACBFF, TLRY, CGC, TPIV, SNES, NSPR

Blue Horseshoe Stocks: CGC Review & More

Canopy Growth Corp. CGC

We are incredibly proud of our alert on CGC a few weeks ago. The company had just seen its large investor, beverage behemoth Constellation Brands (STZ) had increased its stake Canopy by more than $4B.

This was a key factor in our formulation of the idea to track the CGC 09/21 $30-40 Calls, which we presented to our readers on the morning of August 15th. At the time, CGC stock was trading at a low of 29.05. The bull run which followed has been an absolute thing of beauty. This morning in the premarket, CGC stock has traded for as much as 57.05, marking a rise of 96% in a matter of three weeks.

That incredible move up has facilitated some unbelievably large gains in our designated call contracts. Their overall ranges and possible gains over that time span are as follows:

$30 Calls – Range: 1.76-21.82 – Max Gain: 1140%
$35 Calls – Range: .56-17.30 – Max Gain: 2989%
$40 Calls – Range: .16-12.30 – Max Gain: 7587%

Fun Fact: The purchase of ONE contract for $16 at the $40 strike point on the day of our initial alert, would have been worth $1214 at its highs this morning!  Cheers to anyone who has gotten even a piece of that action!
__________

Added Note: Canopy Growth is of course a cannabis related stock, so while we’re on the subject, here’s watchlist of lower priced pot plays to also watch as we head into autumn, traditionally one of the best times of year for the cannabis sector as a whole.

NXTTF, MYMMF, APHQF, RVVTF, TBPMF, SPRWF, INSY, CRON


Extended Watchlist:
NBEV, VCEL, SNES, CHFS, CDNA, VRA

Blue Horseshoe Stocks: AAPL Options & More

Apple, Inc. AAPL

Our more seasoned readers will remember a time when we almost exclusively talked about microcaps trading on the OTC, but a few years ago, we decided to go to where the real money was, and have since focused primarily on quick-strike options trading opportunities. It was with AAPL that we got our sea legs in options trading, and it has been a heck of a ride since.

We’re coming back to AAPL once again to use the spike in trading activity associated with the company’s Q3 earnings beat to try to score some nice gains. The stock is gapping up into blue skies here in the premarket after rising to record high valuation, just a stone’s throw from a TRILLION dollar market cap!

We’re going to be monitoring the AAPL Weekly $195-200 Calls to try to score some nice chances this midweek.


SodaStream International, Inc. SODA

Speaking of earnings beats, SodaStream just reported on its Q2 figures, and is shining in the premarket on the heels of a strong showing and boosted guidance for the future.

We’ll look to take advantage of this situation as well, by earmarking the SODA Weekly $99-105 Calls for observation this morning.


Whirlpool Corp WHR

On Friday, we selected a range of options in the Whirlpool chain, the 08/03 $129-131 Calls, and we wanted to swing back around this morning in order to go over the success we had with those plays.
.
In just a few days time, each set of contracts has made considerable multi-bag moves, which have been as follows:

$129 Calls – Range: .96-2.05 – Max Gain: 114%
$130 Calls – Range: .68-2.20 – Max Gain: 224%
$131 Calls – Range: .55-1.27 – Max Gain: 131%

Judging by the activity thus far, we’re going to want to continue to stay on top of these calls for the remainder of the week.


Extended Watchlist:
MEET, ATTU, MTOR, CLRB, FATE, SNES, RGSE, TROV

Blue Horseshoe Stocks: DRI Review & More

Darden Restaurants, Inc. DRI

On occasion, we’ll see an opportunity for a longer term move in a stock, and instead of signaling weekly options, we’ll select a later expiration date. This is what occurred with DRI, when we signaled the DRI 07/20 $100-115 Calls back on the 22nd of last month.

After roughly three weeks, DRI has done little else other than continue to climb, and it has provided some really great chances thus far in these contracts that are set to expire this Friday.

Here are the total gains that have been made possible by this idea to date:

$100 Calls – Range: 3.00-12.30 – Max Gain: 310%
$105 Calls – Range: .90-7.30 – Max Gain: 711%
$110 Calls – Range: .30-2.50 – Max Gain: 733%
$115 Calls – Range: .05-.55 – Max Gain: 1000%


Biocept, Inc. BIOC

We also want to track back to our tag of BIOC from Friday. The stock had been showing the beginnings of some bottom bounce activity earlier in the week, and our hunch that further gains were possible turned out to be correct.

BIOC traded in a daily range from 7.06 on up to a high of 12.15, which represented an intraday pop of 72% on Friday.


Extended Watchlist:
VLRX, RGSE, ATIS, ARNC, PULM, KOOL, SNES

Blue Horseshoe Stocks: WGO Earnings Beat & More

Quick Updates

We won’t go into too much detail on these two plays, as we just did writeups on them in yesterday’s report, but each of the following stocks did continue their impressive runs yesterday so we wanted to update readers on the new highs and updates on the total possible gains since our initial alerts.

Gevo, Inc. GEVO - On Monday, we caught GEVO at a low of 4.42 and saw it explode from more than 300% in gain in a single session. Yesterday the trend continued as the stock traded in a daily range from 16.17-24.74. That represented an intraday move of 53% and the new high put our total observed two-day swing at an incredible 460%

_______

Canada Goose Holdings Inc. GOOS – After successfully calling a slew of winning options ideas in GOOS last week, yesterday we mentioned that the move in the stock itself was notable. Our observed low on GOOS from Friday was 53.18 and yesterday the stock reached a new high of 67.74. That’s a three day swing of 27%, which for a $50+ stock, is nothing short of incredible.


Winnebago Industries, Inc. WGO - Fresh Options Idea

We’re always on the lookout for fresh earnings beats to form options ideas from, and despite not currently being in the heart of an earnings season, we did take notice of Winnebago’s impressive beat. We’ll radar the WGO Weekly $43-46 Calls to coincide with the present activity.


Extended Watchlist:
CLPS, HUYA, BILI, TPIV, BTE, SNES, OPTN, FOXA