Blue Horseshoe Stocks: AAPL Options & More

Apple, Inc. AAPL -Options Idea

Apple has been getting beaten back over the past several sessions, even as the company unveiled new product upgrades in Apple TV+, Apple Arcade, and the Goldman Sachs/Mastercard-powered Apple Card. We will look for a rebound on the heels of some relief in the Apple camp over the company’s international dispute with Qualcomm currently under review at the International Trade Commission.

We’re going to radar the AAPL Weekly $187.50-190 Calls and track the activity there for the rest of the week. The stock has been especially volatile on a daily basis over the past week, as compared to the previous couple of months. It could lead to some sizable opportunities for us.


More Fresh Ideas

Shoe Carnival, Inc. SCVL – The setup on Shoe Carnival couldn’t be much better at the moment. The stock had come down to its lowest prices since last year prior to yesterday’s big post-market earnings beat.

We are going to want to put some contracts in this chain on watch as well- particularly, the SCVL 04/18 $35-40 Calls.
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Centene Corp. CNC – Centene just got pushed down well below what appeared to be a strong double bottom, and is now trading at new 52-week lows. We’re going to begin monitoring on a longer-term basis for an eventual recovery, with the CNC 09/20 $50-55 Calls.


Extended Watchlist:
EVLV, TBLT, AVEO, SXTC, CTRM, AYTU, FCSC, GLBS

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Blue Horseshoe Stocks: Options Review & More

Options Review

Bed Bath & Beyond, Inc. BBBY – Yesterday morning’s premarket report contained an options idea for Bed Bath & Beyond following the company’s quarterly earnings report, the BBBY Weekly $13 & $13.50 Calls, and those plays both turned in fantastic intraday performances.

Regardless of which strike point was chosen, traders could have secured multi-bag profits on the day. The $13 Calls traded up from a low of .30 to a high of 1.30, for an increase of 333%, while the $13.50′s also crushed it with a huge 431% rip from .16-.85!
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Constellation Brands Inc. STZ -Just as Constellation stock got crushed to new lows in the premarket on Wednesday, we formulated a couple of longer-term options ideas, and wanted to provide updates on the activity there as well.

We were banking on STZ reversing off of those lows and beginning a recovery, and so far, it’s going quite well. Our targets were the  the STZ 02/01 $150-157.50 Calls and the 04/18 $160-170 Calls, and all seven sets of contracts in those ranges have been good for significant gain opportunities. These remain in play, and will remain on our watchlist going forward.

02/01 $150-157.50 Calls
$150 Calls – Range: 8.80-11.50 – Max Gain: 31%
$152.50 Calls – Range: 3.80-6.70 – Max Gain: 76%
$155 Calls – Range: 2.90-8.00 – Max Gain: 176%
$157.50 Calls – Range: 3.00-6.65 – Max Gain: 122%

04/18 $160-170 Calls

$160 Calls – Range: 5.50-10.83 – Max Gain: 97%
$165 Calls – Range: 4.00-8.01 – Max Gain: 101%
$170 Calls – Range: 2.78-6.07 – Max Gain: 118%
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Fresh Ideas:
GM Weekly $36-37.50 Calls
TLRY Weekly $92.50-95 Calls  


China SXT Pharma Inc SXTC

To wrap things up we wanted to go over the call we made on Monday morning in SXTC, which at the time had registered a low of 5.684. After steadily ramping up all week, yesterday the stock reached a new high of 23.35. That worked out to an incredible four-day swing of 311%

Cheers to anyone who caught this mover in Monday morning’s premarket report. It adds to an already impressive start for us here in 2019.


Extended Watchlist:
FTK, AQMS, MGEN, NAVB, SNSS, CFRX, TEUM

Blue Horseshoe Stocks: Fresh PBR Options & More

Petroleo Brasileiro SA (Petrobras) PBR – Recap

One of the ideas we had formulated toward the end of last week was the PBR Weekly $14 & 14.50 Calls. We mentioned in Friday morning’s premarket report that we expected the already solid gains we had seen the previous session to be expanded upon, and our assumption was accurate.

We saw epic new highs out of both of our tracked sets of contracts. The $14 Calls from our observed low of .21 on Thursday, saw a new high of .78 Friday for a two-day run of 271% The $14.50′s, which we had caught at a low of .05, ran to .29 for an impressive 480% move over the same span.

Updated Idea:
We’re going to update our idea to some weekly calls for this week and roll up our strike range. Provided PBR can hold its 50DMA of 14.32, we’ll be looking to the PBR Weekly $14.50-15.50 Calls.



Extended Watchlist Recaps:

We’ve been doing things the same way for several years now, issuing our daily ‘Extended Watchlist’ for ideas that don’t get featured, but are stil noteworthy enough to keep watch over. Two such plays that we’ve recently signaled came away from last week with some decent progress.

Epizyme, Inc. EPZM – EPZM was included in Friday’s extended watchlist and it had a very nice intraday push, helped along by solid jobs numbers which led to a good day for the markets as a whole. EPZM traded in a range from 6.40 up to 8.19, a solid 28% jump.
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Scientific Games Corp. SGMS – On December 14th we included SGMS in our premarket report, and it has made steady and significant headway since that time, trading up from a low of 14.79 to a new high of 19.43 on Friday. A 31% move in a stock in this price range is a pretty darn good move through a few weeks of the holiday season.  We’ll continue to keep an eye on this, which has become a solid momentum mover.


Extended Watchlist:
SAGE, INSM, QEP, ROKU, KEG, SPWR, AXSM, DXCM, SXTC,