Blue Horseshoe Stocks: CGC Review & More

Canopy Growth Corp. CGC

One of yesterday morning’s fresh options ideas, the CGC 09/21 $30-40 Calls turned in a very nice intraday performance. Despite the stock posting a red candle on the day, the activity still provided us with some excellent chances to score a quick profit.

It stemmed from beverage giant Constellation Brands increasing its stake in Canopy by a whopping $4B. Here are the gains that were on the table as a result, making this another fantastic call on our part.

$30 Calls – Range: 1.76-3.81 – Max Gain:  62%
$35 Calls – Range: .56-1.50 – Max Gain: 40%
$40 Calls – Range: .16-.56 – Max Gain: 51%


Walmart, Inc. WMT

For today, some of the most promising options plays are likely to be in the WMT chain. The company posted a bigger Q2 sales boost than it has in a full decade. To correlate with the spike in attention and activity we are going to signal a range of calls to monitor into the end of the week.

We’ll be tracking the WMT Weekly $97-101 Calls, which should score some good opportunities on a likely dip-and-rip scenario this morning.


Extended Watchlist:
SYMC, AMW, VNRX, WUBA, OSTK, LAC, LFVN

Blue Horseshoe Stocks: SYMC Bottom-Play & More

Turtle Beach Corp. HEAR

We were very pleased with HEAR on Friday, mentioning the incredible 400% move the stock had made since our initial alert on April 9th, from a low of 2.76 to 13.88.

As it happened, the stock wasn’t done impressing us yet. HEAR made an excellent run on Friday from a daily low of 10.60 to its new high of 18.62. That’s an intraday move of 76%, and an enormous 575% increase over our observed low from last month.


Symantec, Inc. SYMC

We are always on the lookout for potential bottom plays, and Symantec is going to go on our watchlist as such a candidate as we kick off a new trading week.

A sweeping round of analyst downgrades from Piper Jaffray and others, effected a massive selloff in SYMC, and we’re already seeing a start to a rebound this morning with the stock gapping up roughly 5% in the premarket.

We’re going to keep an eye on SYMC Weekly $19.50-21.50 Calls as well, in the event that the stock continues to rebound.


Extended Watchlist:
HUYA, MYO, ISR, NPTN, SEGI, NXPI, REGI, LITE, HTBX