Blue Horseshoe Stocks: DAL Options Win & More

Delta Air Lines, Inc. DAL 

Things played out precisely as we expected with Delta yesterday. We specifically mentioned that DAL “has traditionally been one of those companies we can count on to provide good post-earnings opportunities”, and after a solid beat across the board, our ideas definitely paid off instantly.

Our targets, the DAL Weekly $57-58 Calls, went into overdrive as the stock itself executed a textbook dip-and-rip pattern, and provided us with the excellent chances for gains that we were after.

$57 Calls – Range: .24-2.13 – Max Gain: 787%
$57.50 Calls – Range: .14-1.70 – Max Gain: 1114%
$58 Calls – Range: .06-1.25 – Max Gain: 1983%


Eastman Kodak Co. KODK

We also wanted to update the options ideas we had for KODK on Wednesday. The company saw a surge after announcing its own unique crypto-coin, but we weren’t buying it. We signaled the KODK 02/16 $15 & $12.50 Puts.

While the gains weren’t monumental, they were solid enough, as KODK has since posted two consecutive sessions of freefall. The $15 Puts traded from 6.10-7.90 for a 30% rise, while the $12.50 Puts ran from 4.20 to 5.70, a gain of 36%
___________________

Bottom-Bouncer Options Ideas 

We have identified a range of options ideas for three stocks which are all exhibiting strong double or multiple-bottom chart setups, and have begun to turn upward.

The Cato Corp. CATO -  01/19 $12.50 & $15 Calls
e.l.f. Beauty, Inc. ELF – 01/19 $17.50 & $20 Calls
Natus Medical Inc. BABY – 02/16 $30 & $32.50 Calls


Extended Watchlist:
MYSZ, USAU, MVIS, TVPT

Incoming search terms:

  • 9ATE
  • CRVA
  • FBU5
  • V98J