Tag: SPY

Fresh Options Ideas & More

No Borders, Inc. NBDR

We opened up yesterday’s report by highlighting the 337% move from .0112-.0489 made by NBDR since we tagged it last Wednesday. It is one of a number of OTC stocks we’ve been tracking in relation to the COVID-19 pandemic response.

The stock absolutely blasted off once again during yesterday’s session, this time reaching a new high of .089. That works out to a total increase of 695% in a span of just 5 trading days! We’ve done our best to continue bringing our readers chances to make quick-strike trades for profit during this crisis, and have in fact done a fantastic job of doing so.

Options Recaps

Speaking of success quick-strike trades, we also formulated an options idea in the Virgin Galactic Holdings, Inc. (SPCE) chain yesterday morning, and were met with instant results. The stock enjoyed a solid session, as did most stocks, and it produced very respectable gain opportunities in our target range, the SPCE Weekly $13.50-16.50 Calls:

$13.50: 2.25-4.45 (+98%)
$14: 1.80-4.20 (+133%)
$15: 1.35-3.35 (+148%)
$16.50: .60-2.48 (+313%)
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Our other options idea fresh for yesterday’s report was the Direxion Daily Junior Gold Miners Index Bull 3X (ETF) JNUG Weekly $4-5 Calls. Those also produced some nice moves on the day for us:

$4.00: 1.38-2.10 (+52%)
$5.00: .89-1.47 (+65%)

Fresh Options Ideas:
SPY Weekly $240-245 Calls
WGO 04/17 $25-30 Calls
NKE Weekly $78-81 Calls

Extended Watchlist:
BSGM(>News), GALT, HAL, 

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.