Blue Horseshoe Stocks: BB Recap & More

Blackberry Ltd. BB

Blackberry had a strong earnings release for its 2nd Quarter on Friday, and we took that as an opportunity to signal a pair of options calls in the BB chain, namely the BB Weekly $10 & $10.50 Calls. It was a good thing that we did, because the impressive intraday move the stock made from 10.43-12.00 ended up facilitated some really nice chances for huge single-session gains.

The $10 Calls traded in a relatively modest range from .50-1.05, gaining 110% on the day. But that was only modest by comparison to the other set we were tracking. The $10.50′s absolutely exploded, running from .10-1.47 for a colossal intraday move of 1370%


Tesla Inc TSLA

We also want to dip a toe in the water with the TSLA chain on the heels of a fast paced week of news pertaining to the SEC’s lawsuit against Elon Musk for misleading tweets back in August.

Shares jumped in the premarket following word that, while ousted as chairman for a period of three years as part of a quickly-reached settlement, Musk will retain his position as CEO.

In the wake of this activity this morning, we want to signal the TSLA Weekly $300-310 Calls for observation as we kick off this fresh trading week.


Neogen. Inc. NEOG

We want to place NEOG on watch today as well for a duality of reasons. Firstly, the stock has just begun to find support after losing its shirt over the past couple of weeks, The stock is ridiculously oversold that the moment, and we caught a Form-4 filing from the CEO and other insiders buying up shares near current lows last week.

So we have the insider angle, as well as a brilliant technical setup, so we’re going to signal the
NEOG 11/16 $70-80 Calls for observation in the days and weeks ahead.


Extended Watchlist: 
NBEV, CRMD, TRXC, BLDP, TRLY, EEFT, MGA

Blue Horseshoe Stocks: Stocks & Options Movers

General Mills, Inc. GIS – Options Idea

As our regular readers are perfectly aware, we never stop looking for earnings related options plays. Even now, amid a relative lull in quarterly reports, we’re seeing an interesting possibility with General Mills.

After its Q4 earnings report this morning, wherein a solid beat on profits was achieved, the stock is up to the tune of 2% in the premarket. There is also a large gap on the chart to the $50-area. In this situation, we’re interested in tracking the GIS Weekly $45 & $47.50 Calls for the remainder of the week.


TransEnterix, Inc. TRXC

We wanted to come back to comment on TRXC this morning as well. We tagged this stock for observation just a shade over a month ago on May 23rd, and since that time, the stock has enjoyed a very solid uptrend which has led to new highs this week.

On the day of our initial alert on TRXC, we had observed a low of 2.82, and the srtock never fell below that point. Yesterday’s new high came in at 5.70, marking an upswing of 102% in a matter of four and-a-half weeks!



Kopin Corp. KOPN

For something new to put on our radars this morning we also want to make mention of KOPN. As you can on the annotated chart below, at the present time, KOPN is displaying a strong multiple bottom formation, in addition to having just reached heavily oversold territory.

We are going to place KOPN on watch in the days ans perhaps weeks ahead and will be interested to see how it behaves with this cherry of a technical setup.


Extended Watchlist:
PED, VTGN, PAVM, MDCO, RSLS

Blue Horseshoe Stocks: TJX Recap & More

The TJX Companies, Inc. TJX – Options Recap

TJX found its way to our premarket report yesterday morning, after the company posted a solid quarterly release.

To coincide with the activity we were observing, we slated a range of options ideas to keep track of, the TJX 06/15 $85-90 Calls. We are pleased to report that there were some nice gains available to traders before noon.

$85 Calls – Range: 2.14-3.90 – Max Gain: 214%
$87.50 Calls – Range: .90-2.50 – Max Gain: 178%
$90 Calls – Range: .35-1.10 – Max Gain: 214%
________

Fresh Options Ideas:
Tiffany & Co. TIF Weekly $114-117 Calls
Lowes Companies, Inc. LOW Weekly $88-90 Calls


Other Updates

Each of the following have been picks we’ve included in our daily reports from roughly the last month or so. We have included our alert date, observed lows, and subsequent highs along with the total possible gains that were on the table.

ARQL (04/18) 2.40-4.20, +75%
SDR (05/18) 1.26-1.74, +38%
HTBX (05/14) 1.35-2.00, +48%


Extended Watchlist:
TRXC, AVGR, SNES, DPW, ADOM, AEL

Blue Horseshoe Stocks: Potential Gap-Fillers & More

Hyatt Hotels Corp. H – Options Idea

We’re going to kick this week off by taking a look at Hyatt Hotels. This is a stock with a relatively predictable and volatile trading pattern. As you can see on the chart, H is coming down off of a quadruple-top formation, with indicators suggesting a significant bearish swing could occur at any time.

We want to designate a pair of contracts in the H options chain to track over the next week or two to coincide with this assumption. We’re going to slate the H 06/15 $85 & $80 Puts for observation as we kick off this fresh trading week.


Potential Gap-Fillers

We are going to flag Vista Outdoor, Inc. VSTO and Harbinger Group, Inc. HRG for technical reasons as well today, with each stock boasting a highly similar setup.

If you notice the side-by-side view of the charts below, both stocks have been working their way up off of a bottom, with a huge gap on the chart to the upside just waiting to be filled. We see these setups often, and in both cases here, the chances for a gap-fill appear greater than average.


Extended Watchlist:
MU, DDE, TRXC, MBFI

Blue Horseshoe Stocks: BLNK, Bottom-Play & More

Blink Charging Co. BLNK

We signaled our interest in BLNK in yesterday morning’s premarket report via the Extended Watchlist, and we’re happy to report on what was a very productive first day of observation.

From a low of 4.34, BLNK made a highly respectable intraday run to 6.34, marking an intraday push of 46% Prior to Monday’s session, wherein the stock picked up in a big way, it had been trading sideways for quite some time. We will be interested in monitoring this play for the possibility of a more sustained uptrend in the days ahead.


Gogo. Inc. GOGO

We want to also bring some attention to the massive selloff which has occurred over the past three trading days. After trading for nearly $10/share, a disappointing earnings release and subsequent Moody’s downgrade has precipitated close to a 50% drop, leaving GOGO trading at just above $5.

We’re going to want to put this one on intensive bottom-watch, as we prepare for possible course correction leading to a bounce play opportunity.


Fresh Options Idea:
Trip Advisor, Inc. TRIP Weekly $45.50 & $46 Calls


Extended Watchlist:
UURAF, TRXC, PLUG, LC, MNKD, GRPN, ICHR, TWLO