Blue Horseshoe Stocks: COP Options Idea

ConocoPhillips COP – Options Idea

We’re running a little light this morning as we pick up for a new trading week, with no interesting earnings plays to fall back on. However, in our morning scan, we’ve picked up on an interesting play with energy giant ConocoPhillips.

The stock has been in a bullish pattern for most of the month so far, and this morning, we’re seeing a lot of oil plays bucking the trend of the overall markets, which appear to be bearish at the moment. We’re going to place a range of weekly options on watch this morning to coincide with the activity that’s currently unfolding.

Our targets of interest are going to be the COP Weekly $61-62.50 Calls.


Extended Watchlist:
BP, CRR, FTR, SPN, JAGX, XEC, PBR

Blue Horseshoe Stocks: Bottom-Bouncers & More

Riot Blockchain, Inc. RIOT

Things move pretty fast around here, but we do our best to keep up with tracking on all of the stocks we mention in our daily reports. In certain cases, we see slow buildup, and in others we see a quick rocket to new highs, but in the case of RIOT, we actually got both.

After we highlighted our interest in RIOT roughly two months ago on December 19th, it had been on a rather steady climb, until Friday when the lid blew off the top. Our observed low subsequent to our mention of the stock was 1.29, and Friday’s new high came in at 4.24. That’s a gain of 229% in a span of just eight weeks!


Bristow Group, Inc. BRS

We also wanted to quickly highlight a bottom-bouncer with some real potential to the upside. We ran across BRS this morning, noticing that it had just produced some activity off of a relative bottom.

There is a gap to fill on thwe chart and room to run for some potentially solid gains, so we’ll be keeping an eye peeled for that as we kick off a fresh trading week.


Fresh Options Ideas:
KNDI Weekly $6-7 Calls
GDXJ Weekly $34-34.50 Calls
GRMN Weekly $74.50-76.50 Calls


Extended Watchlist:
MXMG, IPCI, NSPR, DBVT, ACIU, ADIL, VNTR, IDEX, SPN