Tag: TRCH

Longer-Term Options Plays & More

Smith & Wesson, Adobe Options Review: 

As usual on Friday morning we formulated some fresh options ideas for the day, and just like usual, we met with some serious intraday gain opportunities. We had some targets in the SWBI Weekly $20 Calls and the ADBE Weekly $555-570 Calls and found success across the board.

In both cases the daily activity on the stock was enough to propel our designated targets to some serious moves and gain chances for our readers. SWBI saw a big move that was good enough to record it as the 6th highest gainer on the big boards for the session and it scored us a four-bagger on our tracked contract set!

Here were the total possible profits that were on the table for anyone who caught our report:

SWBI Weekly $20 Calls
$20: .70-3.51 (+401%)
_____

ADBE Weekly $555-570 Calls
$555: 5.30-12.92 (+144%)
$560: 2.02-8.20 (+306%)
$565: .43-3.53 (+721%)
$570: .86-2.02 (+135%)

Fresh Options Ideas:
TBIO 08/20 $17.50-20 Calls
MRNA 08/20 $195-210 Calls 

Extended Watchlist:
TRCH, AEI, MNOV, ENOB, PSWW, WNBD, NWGC, HPNN,  AHFD, BRTX

Earnings Related Ideas & More

Academy Sports and Outdoors, Inc. ASO – Recap:

We began tracking the ASO 06/18 $35-40 Calls a week ago today, in our premarket report on the 8th. Over the five ensuing sessions, the stock managed to achieve higher highs each day.

That momentum provided for some reasonably impressive multi-bag swings in our targeted contract sets:

ASO 06/18 $35-40 Calls
$35: 3.10-6.95 (+124%)
$40: .80-2.32 (+190%)

The company will also be holding a conference call today at 10:15 AM Eastern featuring Chairman/President/CEO Ken Hicks, along with other board members and executives. A link will be up on https://investors.academy.com at the designated time.

Fresh Options Ideas:
ORCL Weekly $82-83 Calls
EH Weekly $40-45 Calls 

PHI Group, Inc. PHIL – Recap:

Also in that same June 8th report, we tagged PHIL, a subpenny play that underwent a nice dip-and-rip and ran right into penny territory.

From a low of .0055, we’ve witnessed the stock make a run to its new high of .015 yesterday. That works out to a highly respectable run of 173% Volume over the same period has been greatly increased as well, so we’ll continue to keep an eye peeled for continued momentum.

Extended Watchlist:
BSSP, EFIR, RGGI, GTEH, MJWL, RSHN, GSAC, VMCS, TRCH, CLSD, CANF, OPGN

Blue Horseshoe Stocks: Updates, New Ideas


SPY Review 

On Friday, as we usualy do, we signaled some last minute ideas for options trading. In this case we called the SPY Weekly $292 Calls, and  we wanted to update readers on the performance those put forth.

Thanks to a surge in the markets later in the day,  which ran hard into the close, the SPY took off, and brought our trading idea with it. From a low of .37, the $292 Calls ran as high as 2.23. That was good for a single-day move of 503%

These instances should serve as an ongoing reminder of why we’ve shifted main focus to quick-strike options trading over the years. We have several multi-bag gainers like this each week. Case in point: Prior to this SPY Call we even had a couple of thousand percent gainers last week as well. We’ll attempt to find similar success once again as we kick off this holiday-shortened split trading week.

Fresh Idea:
SPY Weekly $295-296 Calls

MGM Resorts International Inc. MGM

We’ve been tracking a range of MGM contracts over the past few weeks, and the push into the close on Friday helped move the needle here as well.

Our targets have been the MGM 08/16 $28-30 Calls and while we have seen some decent little moves so far, there’s still plenty of time remaining before expiration. We wouldn’t be surprised to have to revisit these ideas again for more updates on added gains in the sessions to come.

$28 Calls – Range: 1.09-1.66 – Max Gain: 52%
$29 Calls – Range: .74-1.17 – Max Gain: 58%
$30 Calls – Range: .44-.75 – Max Gain: 70%
_____

Other Updates:

We had both PHUN and FRSX in our extended watchlist on Friday and both turned in solid first day performances. 

PHUN – Range: 2.69-3.86 – Gain: 43%
FRSX Range:1.55-2.94 – Gain: 90%

Extended Watchlist:
TRCH, TSEM, IIVI, KRTX, LLEX, OCUL, CIFS, GNW