Tag: SPY

Scoring Multi-Bag Gains with the SPY

More SPY Success

Our perfect handling of a situation that has had traders running scared shows exactly why we consider ourselves to be the best free trading newsletter on Earth. Even during the worst backsliding days the markets have ever seen, we have stayed the course, and delivered impressive multibag gains.

We invite any skeptics to go to our newsletter archive BlueHorseshoeStocks.com, check our work, and see for themselves. Nearly 9 YEARS of our daily newsletters are right there, searchable to anyone. You’ll never catch us shying away from an opportunity, even in the face of a global pandemic.

Yesterday our report focused on the SPY Puts that we signaled earlier in the week (SPY Weekly $282-279 Puts), and an updated strike range as well (SPY Weekly $262-259 Puts). We said that new highs should be expected in the ones we were already tracking and that’s exactly what happened. We also cautioned of another 15-minute trading halt, and that came to pass as well. So it’s no surprise that our new ideas also flourished.

Here are the total possible gains on all those ideas that our readers could have grabbed a piece of this week: 

SPY Weekly $282-279 Puts
$282: 6.65-32.48 (+388%)
$281: 6.20-34.68 (+459%)
$280: 5.71-33.51 (+487%)
$279: 5.33-32.28 (+505%)

SPY Weekly $262-259 Puts
$262: 4.75-16.85 (+255%)
$261: 4.20-16.09 (+283%)
$260: 4.00-15.36 (+284%)
$259: 3.75-14.56 (+288%)

Fresh Ideas

The markets have been on a seesaw, and perhaps with futures indicating a little relief on the way to close out the week, we may have some room for some earnings-related ideas as well. These are the plays we’ll be tracking to close out what has been one wild week of trading!

ADBE Weekly $295-305 Calls
AVGO Weekly $220-230 Calls
DG Weekly $149-155 Calls 

SPY Remains the Go-To Play

SPY Updates

Once again staying with the trend of the day, we flipped Tuesday’s bullish SPY idea over to a bearish one in our premarket report yesterday (SPY Weekly $282-279 Puts). We’ve been getting a lot of back and forth over the coronavirus , and expect that to continue for quite some time before any real stabilization occurs.

Thankfully, we have been staying ahead of the curve, still making opportunities available to those with the intestinal fortitude for short-term trading under these conditions. Here are the ranges from yesterday on the puts we selected: 

SPY Weekly $282-279 Puts
$285: 6.65-13.26 (+99%)
$286: 6.20-12.65 (+104%)
$287: 5.71-12.01 (+110%)
$288: 5.33-11.35 (+113%)

With the markets appearing to ready themselves for another bloody day on the heels of yesterday’s Europe travel ban, the NBA season suspension, and more, we expect to see these highs explode even further. We would like caution traders to be ready for another potential 15-minute trading halt at some point today, as we saw on Monday. To stay closer to the money, we’re also going to modify our strike area and begin to track the SPY Weekly $262-259 Puts. 

Target Corp. TGT

We would also like to signal some puts on TGT, which is currently exhibiting a low-side gap, as well as experiencing some recent insider selling.

Combined with the market current, we like the potential here. We’re going to go a few weeks out with this idea, and signal the TGT 04/03 $98-90 Puts. If things continue along the same path in the days and weeks ahead, we stand to see some significant opportunities.

Playing Yet Another Market Reversal

Fresh Options Ideas

We’ve been playing the markets like a fiddle throughout one of the most volatile periods in history, taking advantage of the see-sawing back and forth, and having been able to deliver multi-bag gainers to our readers. Yesterday was no exception.

After Monday’s historic selloff, we turned right around yesterday and fearlessly placed some SPY Calls on watch, which provided instant returns for us.

SPY Weekly $285-288 Calls
$285: 3.00-8.74 (+191%)
$286: 2.70-8.08 (+199%)
$287: 2.43-7.61 (+213%)
$287.50: 2.26-7.31 (+223%)
$288: 2.25-7.04 (+213%)

We seem on track to see another reversal and down day for stocks today, so we’re going to want to reverse our position and signal interest in the SPY Weekly 282-279 Puts to try to stay in sync with the erratic pulse of the markets.

Aytu BioScience, Inc AYTU

We spotted AYTU in the premarket yesterday, including it in our morning report, and the stock put up the number one performance on the NASDAQ for the day. This was as the company secured the US rights to distribute a rapid point-of-care coronavirus test.

From a low of .91 AYTU reached 2.99, marking an intraday pop of 229% The company did, however, throw a wrench into the works in terms of continuing that run this morning, as they announced a huge $9M direct offering today, which will likely counteract any chance the stock had at stringing together some more nice gains of a similar magnitude.