Tag: THC

Blue Horseshoe Stocks: Fresh Options & More

Potential Bottom-Plays

We’ve unearthed a couple of stocks that are trading just above their recent relative lows, and wanted to relegate them to a bottom watchlist this morning. We’re getting strong multiple-bottom signals from each one, and will formulate a couple of corresponding options ideas. 

Tenet Healthcare Corp. THC – This stock strung together three sessions of higher lows and higher highs to close out last week, with a ton of room to the upside. We’re going to be signaling our interest in tracking the THC 01/26 $13.50-14.50 Calls as the stock attempts to continue the beginnings of this uptrend.

Key Tronic Corp. KTCC – This play has been attempting a recovery of its own, after a sizable gap-down hit it this past Monday, as pictured on the chart snapshot below. We’ll be waiting in the wings with an options idea in this case as well, with the KTCC 02/16 $5 and $7.50 Calls.

Lululemon Athletica LULU – Update

We also want to give one final update on our Weekly LULU Calls, which provided us with multiple opportunities for swing trades throughout last week. Friday was no exception, with the following moves being made on the day:

$72.50 Calls – Range: .39-1.50 – Max Gain: 285%
$73 Calls – Range: .22-1.00 – Max Gain: 355%
$73.50 Calls – Range: .11-.50 – Max Gain: 355%

Extended Watchlist:
RLOG, OSTK, XNET, SSC, SPWR, RIOT, DPW, TCPC, GROW

Blue Horseshoe Stocks: TWTR Recap & More

Twitter, Inc. TWTR

Twitter posted its quarterly figures showing the company was nearing profitability, so we took the opportunity to signal a range of options, and what followed was Twitter’s biggest bullish session since last year, and some great chances for gains in our designated contracts, the TWTR Weekly $18-19.50 Calls.

$18 Calls – Range: 1.00-2.60 – Max Gain: 160%
$18.50 Calls – Range: .64-2.02 – Max Gain: 216%
$19 Calls – Range: .38-1.65 – Max Gain: 334%
$19.50 Calls – Range: .18-1.15  – Max Gain: 539%

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Fresh Ideas:

Microsoft Corp. MSFT Weekly $82-85 Calls*

Apple Inc. AAPL Weekly $157.50-160 Calls*

*Never trade options with a weekly expiration on a Friday unless you’re an expert trader with disposable funds. It’s just about as risky as it gets.

ITUS Corp. ITUS

We’ve been tracking ITUS since September 21st, subsequent to which point we witnessed a really great move in the stock from 1.92-5.15 for gains of up to 168% over just a few sessions.

In the past few weeks ITUS has been under consolidation, but yesterday the stock came down and kissed the 50DMA before bouncing. It’s gapping up this morning in the premarket, so we’ll want to watch closely for it to hold the 200DMA of 2.19 on any pullbacks. If it can manage that, we like the chances of seeing what could be more sizable moves for the stock in coming sessions.

Extended Watchlist:
EVOK, INTC, ATEN, AVXL, THC, WWR, DXTR, KTOV,

Blue Horseshoe Stocks: BABA Review & More

Alibaba Group Holding Ltd BABA – Options Review

We saw the contracts we highlighted yesterday morning in the BABA chain make solid multi-bag moves. The BABA Weekly $162.50-170 Calls were our targets, and each one took off for the following moves starting at around 10AM.

$244.50 Calls – Range: 2.58-5.65 – Max Gain: 119%
$245 Calls – Range: 1.26-3.50 – Max Gain: 171%
$245.50 Calls – Range: .52-1.79 – Max Gain: 244%
$246 Calls – Range: .18-.74 – Max Gain: 311%

We also want to continue to keep our eye on these plays to close out the week*, as further increases are a possibility. While BABA’s PPS tapered back into the close, we’re seeing yet another gap up in the premarket this morning.

Wal-Mart Stores, Inc  WMT

Despite seeing a pullback following its earnings report yesterday, WMT rebounded off of support and managed to close near its high of day and is up slightly in early trading this morning.

There may be an opportunity in the WMT Weekly $79.50 & $80 Calls* so we’ll have those on our radars as we wrap up another trading week.

*We don’t include mentions of weekly options contracts on a Friday without explicitly warning our readers every single time. Trading weekly options at the end of the week is an exceedingly risky proposition that should never be attempted by beginning or novice traders!

Extended Watchlist:
DCTH, MNGA, SPWH, CTIC, CBAY, TOPS, THC,
DEWM (Cannabis News)