SYRS Archives - Blue Horseshoe Stocks

Monday’s Movers, 3 Fresh Targets

Monday Review:

Monday was a solid session, kicking off the fresh trading week on good footing. We formulated a trio of potential options targets in our premarket report and saw positive moves out of each of them during the session. Stocks in general have been all over the map recently, and the short-term volatility has been working out very nicely from a daytrader’s perspective.

Our interests for Monday were the QFIN Weekly $45 Calls, the SAIC Weekly $110-115 Calls, and the NVDA Weekly $121-123 Calls. Here were the best moves from those contract sets on the day:

QFIN Weekly $45 Calls
$45: .80-3.75 (+369%)
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SAIC Weekly $110-115 Calls
$110: 4.90-5.80 (+18%)
$115: 1.00-1.56 (+56%)
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NVDA Weekly $121-123 Calls
$121: (not pulling up in our data)
$122: 2.05-3.14 (+53%)
$123: 1.73-2.67 (+54%)

Fresh Options Ideas:
SPY 03/18 $566 Puts*
TSLA Weekly 232.50-230 Puts
BEKE Weekly $23.50-24 Calls

*Trading options contracts on their day of expiration should only be attempted by experienced traders

Extended Watchlist:
SYRS, LITM, GNPX, SCNX, ADTX, ARBE, ACON

Monday’s Huge Runners, 4-Pack of Fresh Targets

Kicking Off Another Week Right:

It was a great start to the week yesterday. We went bearish on all of our daily options picks, and it was an absolute bloodbath for the markets and our designated plays along with them, propelling us to a great Monday session. We included three total ideas in our premarket report and they all yielded excellent multi-bag upswings.

Those targets were the SPY 03/10 $569-568 Puts, the NVDA Weekly $112-110 Puts, the TSLA Weekly $257.50-252.50 Puts, and the . These were the best runs registered in each of those sets:

SPY 03/10 $569-568 Puts
$569: 2.86-13.02 (+355%)
$568: 2.38-12.29 (+416%)
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NVDA Weekly $112-110 Puts
$112: 3.79-7.80 (+106%)
$111: 3.29-7.09 (+116%)
$110: 2.87-6.39 (+123%)
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TSLA Weekly $257.50-252.50 Puts
$257.50: 12.50-38.43 (+207%)
$255: 10.95-36.50 (+233%)
$252.50: 9.74-33.86 (+248%)

Fresh Options Ideas:
ASAN Weekly $13.50-12.50 Puts
DKS Weekly $205-200 Puts
ORCL Weekly $150-145 Puts
FERG 03/21 $155-150 Puts

*Trading options contracts on their day of expiration should only be attempted by experienced traders

Extended Watchlist:
AWH, SYRS, CUTR, SNOA, TNON, JFBR

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SPY Shorts Prevail, Fresh Ideas

Friday Options Recap:

We put up a fairly good performance on Friday, with both of the quick-strike options ideas we had formulated in our premarket report for the day recording significant movement during the session. The markets in general continued to get beat up, leaving our ideas which were both bearish, to make some pretty good headway for us.

Our winning targets were the SPY 09/16 $387-384 Puts, and the ADBE Weekly $305-300 Puts. , and while the potential gains for the day weren’t earth-shattering we’d still call the following numbers to be quite solid considering the lack of earnings ammunition we’re dealing with at present. As we always say, during dry spells for earnings we have to get a bit more creative than usual, but that will never stop us from giving it the old college try!

SPY 09/16 $387-384 Puts
$387: 2.39-5.05 (+111%)
$386: 1.85-4.15 (+124%)
$385: 1.42-3.35 (+136%)
$384: 1.09-2.65 (+143%)
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ADBE Weekly $305-300 Puts
$305: 8.13-12.47 (+53%)
$302.50: 5.46-10.34 (+89%)
$300: 2.91-7.99 (+174%)

Fresh Options Ideas:
TTWO Weekly $119-121 Calls
FDX 10/14 $150-160 Calls
SPY 09/19 $385-383 Puts

Extended Watchlist:
SNTI, PRPL, FOXO, KOLD, KNBE, SYRS, BCAN, VNTH, RITE, ATMH, ARTH

Rehashing Prior Options Plays, Fresh Ideas

Catching Up on Options Recaps:

Our first order of business this morning on the heels of dedicating yesterday’s newsletter to our Special Report on WHSI, is to circle back and provide our readers with a recap from Friday’s performance on options plays. Then we’ll be all caught up and ready to hop right back in the saddle today with some fresh new ideas!

In Friday’s premarket report, we formulated a trio of options targets in the DOCU Weekly $64-66 Calls, the KR Weekly $49.50-51 Calls, and the ZS Weekly $172.50-177.50 Calls and that session brought potential success for traders in each and every case. Here were the total possible gains on the table, which were all absolutely massive, including some eye-popping thousand-plus percentage gainers in the KR chain:

DOCU Weekly $64-66 Calls
$64: .18-1.00 (+456%)
$65: .07-.48 (+585%)
$66: .03-.18 (+500%)
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KR Weekly $49.50-51 Calls
$49.50: .28-2.39 (+753%)
$50: .16-2.00 (+1150%)
$51: .05-.96 (+1820%)
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ZS Weekly $172.50-177.50 Calls
$172.50: 4.45-16.05 (+261%)
$175: 3.14-13.80 (+339%)
$177.50: 2.00-11.00 (+450%)

Fresh Options Ideas:
SPY 09/14 $406-404 Puts
CNM Weekly $25 Calls
MSB 10/21 $25 Calls
WWE 10/21 $70 Calls

Extended Watchlist:
AKRO, SYRS, ETNB, CMRA, AREB, ILUS, NNRI, TONR, CGAC, PPCB, PYPD, WHSI

Blue Horseshoe Stocks: Bottom Plays & More

Syros Pharmaceutical, Inc. SYRS

First up on the docket for this morning is a potential bottom play that we’re going to want to put on our radars over the coming sessions. SYRS reported some less-than-ideal clinical data, and the stock got absolutely crushed yesterday.

We don’t ignore news developments, but we are constantly looking for over-abused stocks to pounce on during their recoveries, and one definitely seems in order for this play at the present juncture. The filling of the gap that was left on the chart by the sell-off would mean roughly 50% in gains from the current PPS.

Tenet Healthcare Corp. THC

We made it known yesterday morning that we had an interest in tracking the THC 01/26 $13.50-14.50 Calls as the stock appeared to be ripe for continuing its recent bottom-bounce. THC did just that, but our tracked options didn’t heat up too much yet, posting gains of just 15-24% on the day. That could be set to change today, as the stock is showing signs of a gap up and possible continued upward momentum this morning.

We’ll be sure to make monitoring the ongoing activity here one of our top priorities for the rest of this week. This may only be the beginning of THC’s rebound off of its recently established new annual lows.

Riot Blockchain, Inc. RIOT

We began tracking RIOT on November 2nd at a low of 6.33, mentioning it three times over the course of the following month. The stock saw a massive run to 21.76, for a serious move of 244%

That was followed up by a pullback to a low of 12.01 on 11/30, and since then the stock has been making a push for those highs once again, yesterday reaching 23.67. That’s an added swing of 97% on top of the previous run we witnessed, and it leaves us interested to see if the stock can re-test and possibly breach the highs off of the previous run.

Extended Watchlist:
HIVE, SPHS, PTI, ECR, SRAX, CRSP