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

Blue Horseshoe Stocks: Winning Options Trades & More

More Winning Options Trades

We submitted a pair of daytrading ideas for the NVDA and ROKU options chains, and it’s no surprise that both ideas turned out to be winners for us. Our lack of shock stems from the fact that we have been absolutely crushing it when it comes to options. We always have solid success in this arena, but the past few weeks have been more loaded with huge gainers for us more than even we are accustomed to, and Friday continued that trend convincingly.

We had the NVIDIA Corp. – NVDA Weekly $205-212.50 Calls as well as the Roku, Inc. – ROKU Weekly $28-30 Calls on watch for the day, and there wasn’t a single contract contained within either of those ranges that didn’t provide us with some really nice chances for big gains. Those were as follows:

NVDA Weekly $205-212.50 Calls
$205 Calls – Range: 7.50-13.59 – Max Gain: 81%
$207.50 Calls – Range: 5.55-11.06 – Max Gain: 99%
$210 Calls – Range: 3.65-8.60 – Max Gain: 136%
$212.50 Calls – Range: 1.90-7.22 – Max Gain: 280%

ROKU Weekly $28-30 Calls
$28 Calls – Range: 2.60-8.00 – Max Gain: 207%
$29 Calls – Range: 1.90-7.22 – Max Gain: 280%
$30 Calls – Range: 1.10-6.50 – Max Gain: 491%


JB&ZJMY Holding Company, Inc. JBZY

We also want to make note of JBZY, which has a pretty good chart setup at the moment. The stock was trending up off of its 50DMA throughout last week, and is sitting at .08 currently.

With a recent run to .16 showing us what this play is capable of in just a short time, we’ll go ahead and put it on watch as we start off a new trading week. As we’ve pointed out on the snapshot below, another bullish cross looks inevitable for the MACD.


Extended Watchlist:
TRXC, GV, RLOG, BIOA, NQ, PRTY, CEI