Blue Horseshoe Stocks: Wrapping Up Big Week for Options

Options Review

We included a pair of options ideas in yesterday’s premarket report, and scored multi-bag hits on both accounts.

We were banking on a third straight bullish day for the markets with our SPY idea, and betting that the huge premarket gap-up on SFIX was unsustainable. In both cases we were correct, and it provided us with the following opportunities:

SPDR S&P500 ETF (SPY) Weekly $283-284 Calls
$283 Calls – Range:
.98-2.81  – Max Gain: 187%
$284 Calls – Range: .57-2.00 – Max Gain: 251%

Today we will be looking to roll up our strike price on the SPY and tracking the SPY Weekly $285-286 Calls*.

Stitch Fix, Inc. SFIX Weekly $31-30 Puts
$30 Puts – Range: 1.40-3.22 – Max Gain: 130%

*Never trade weekly options on Friday, unless you are an advanced level trader with access to disposable funds!


At Home Group, Inc. HOME

HOME just missed on earnings and received an analyst downgrade, but on the hunch that the resultant gap-down was based on overreaction, we’re going to radar a set of contracts in the HOME chain to monitor in the event of a rebound. There is an enormous gap now sitting on the chart just waiting to be filled. We’ll have plenty of time to see that happen with the HOME 09/20 $8-10 Calls.


Extended Watchlist:
AMPG, FTD, SNY, RWLK, LJPC, HAIR

Blue Horseshoe Stocks: New Options Plays & More

Turtle Beach Corp. HEAR

This morning to kick things off, we are going to take a look at HEAR, which has gained a bit of momentum over the past couple of sessions after bouncing off a bottom earlier this week. ‘

Technically speaking, the chart has everything we typically look for- a bullish cross of the MACD recently came to pass and we are now seeing clear upward divergence there, and the RSI just cracked the 50-line, indicating that it too is going bullish.

Couple those factors with the convincing surge off of the stock recent relative lows, and we are set up for a possible continuation of momentum, for which we want to be ready with an options idea. We’ll be tracking the HEAR Weekly 10/18 $12.50-15 Calls.

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More Options Ideas

SPDR S&P500 ETF (SPY) Weekly $283-284 Calls
Stitch Fix, Inc. SFIX Weekly $31-30 Puts


Galectin Therapeutics, Inc. GALT – Form-4 Alert

We also want to make mention of GALT, which has been trading sideways near its 6-month lows recently. During this period, we’ve noticed a nearly $20M buy from a GALT insider at these lows.

When this happens we usually like to place a stock on bottom-bounce watch, as it generally tends to suggest that the company director has reason to believe that the stock has reached as low as it’s going to go for the time being.


Extended Watchlist:
AMPG, BOX, TWI, CIEN, ONVO, HIIQ, PBYI, WMGR

Blue Horseshoe Stocks: GNCA Review & More

OPTIONS REVIEW

We wrapped things up on Friday by going over some of our successes for the week,. and we also provided readers with a couple of quick strike options ideas for Friday’s session itself. It should come as no surprise, given the sheer numbers of winners we routinely unearth, that both of our ideas proved to be excellent chances to finish the week on a very high note.

Here are the ideas along with the total possible gains that could have been achieved on the day.

OKTA Weekly $111-113 Calls
$111 Calls – Range: 2.20-8.62  – Max Gain: 292%
$112 Calls – Range: 1.81-7.69 – Max Gain: 325%
$113 Calls – Range: 1.28-6.20 – Max Gain: 384%

BIG 06/21 $30-32.50 Calls
$30 Calls – Range: .15-.35   – Max Gain: 133%
$32.50 Calls – Range: .05-.15 – Max Gain: 200%
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SPY OPTIONS:
If the SPY can break 275.27, we’ll be looking at the Weekly $275.50 Calls, and if it falls below 274.50, we’ll be tracking the Weekly $274 Puts.


Genocea Biosciences, Inc. GNCA

We originally began tracking GNCA in our very first report of the new year (01/02) and we wanted to follow up with it now, five months later, as we are very impressed with where the stock has ended up. The stock actually set its 2019 low of 2.50 on January 2nd and it hasn’t looked back since.

By the end of February, the stock had doubled to five dollars, and now, it has doubled again. This morning in premarket trading, we’ve witnessed a new of 12.22 from GNCA, representing an total rise of 388% over our observed low. We’re going to be very interested to see what it’s going to do in this newfound blue-sky territory.


Extended Watchlist:
AMPG, MRTX, CYTR, AIMT, TRVN, APL, HEB, FSM, MYT, IGLD, VSTM, LODE

Blue Horseshoe Stocks: Big Options Gainers & More

SPDR S&P500 ETF (SPY) – Recap

Yesterday morning in our premarket report, we formulated a fresh options idea with the SPY 05/15 $281-282.50 Calls after seeing that market conditions appeared to be gearing up for another session-over-session reversal after Monday’s selloff.

Our hunch proved accurate, with a bullish session similar to Friday’s going on the books yesterday, and it provided for some nice chances in our highlighted contracts.

$281 Calls – Range: 2.13-4.35 – Max Gain: 104%
$281.50 Calls – Range: 1.87-3.85  – Max Gain: 106%
$282 Calls – Range: 1.55-3.39 – Max Gain: 119%
$282.50 Calls – Range: 1.30-3.03  – Max Gain: 133%


Amplitech Group, Inc. AMPG – News

We’re revisiting AMPG again for the third straight time this week, after the company’s quarterly report was released yesterday, containing highlights for Q1 2019, which included bolstered sales, profits, and cash on hand. 

Some of the key financial highlights were as follows:

-Sales were $678.3K, up from $428.5K a year earlier, an improvement of $249.8K, or 58.3%

-Gross profits were $324.1K, up from $254.9K a year earlier, an improvement of $69.2K, or 27.1% Gross margins in Q1 were 47.8%, down from 59.5% the prior year.

-Operating Income in Q1 increased to $82.6K, up from $44.2K a year earlier, an improvement of $38.4K, or 86.9%

-Earnings before interest, tax, depreciation and amortization (EBITDA) for Q1 increased to $119.7K from $52.1K the prior year, an increase of $67.6 thousand, or 129.8%  EBITDA margins for the current quarter were 17.6 percent vs 12.2 percent in 2018, an improvement of 44.3 percent.

-Cash on hand increased from $442.1K in Q1 of 2018 to $783.6K in 2019, helped by improved profits as well as a new term debt facility which was secured in the first quarter. (>>View Full PR)

Be sure to check out the recent acquisition news from AMPG as well, which figures to improve the company’s sales by a significant margin.


FRESH OPTIONS IDEA:
Macy’s, Inc. M Weekly $22-23.50 Calls


Extended Watchlist:
CLRB, XXII, CEI, TLGT, HIIQ, HTBX, PEIX

Blue Horseshoe Stocks: AYTU Review & More

Aytu Bioscience Inc. AYTU

Our attention is being drawn back to AYTU this morning, a stock that we placed on watch at the end of March. From the low of 1.55 we observed on the morning of our initial report on the 27th, AYTU had been gradually stair-stepping its way up the chart, reaching a high of 2.47 just last week (+59%).

This morning in the premarket, AYTU reached a brand new high of 2.90, marking an increase of 87% over our initially observed low, and leaving us anxious to see how the activity unfolds from here.


Amplitech Group, Inc. AMPG – Update

We also want to provide another quick update on AMPG, which printed new highs yet again yesterday for the second consecutive session. The stock hit .065, which marks a 51% rise over the .043 low we witnessed at the beginning of last month, when we released our first Special Report on AMPG.

A lot has happened in that span, which you can learn more about by exploring the links in the update we provided on AMPG in yesterday’s premarket report. We would not be at all surprised to see AMPG continue to add to the gains we’ve seen thus far.


FRESH OPTIONS IDEA:

Friday was a fantastic day for the markets, and yesterday was quite poor by comparison. Today it appears as if the see-saw may continue with another bullish session, so we’re going to place the SPY 05/15 $281-282.50 Calls on watch to coincide with our current market sentiments.


Extended Watchlist:
STM, ADMA, DPW, NAKD, EXAS, VCYT, USAT, MARK