VXIT Archives - Blue Horseshoe Stocks

Multiple Options Updates, Fresh Ideas

Options Trading Updates:

A lot of the potential options targets we’ve been signaling for observation lately have had a July 15th expiration date, which is a slight departure from our typical targeting of weekly contracts. It has made sense in the current choppy climate being cause by a seemingly constant ebb and flow of recession concerns.

So this morning in addition to providing the moves made by the lone idea in yesterday’s report, the KRTX 07/15 $125-130 Calls, we’ll provide updates on a number of other still-active plays we’ve been tracking that are getting along quite nicely. Those are the KBH 07/15 $27-28 Calls, the WGO 07/15 $45-50 Calls, and the NFLX 07/22 $185-190 Calls. We called those on June 23rd, June 22nd and July 1st, respectively. Here are the total gains that have been possible with those plays over that time frames:

KRTX 07/15 $125-130 Calls
$125: 15.00-19.00 (+27%)
$130: 11.67-17.24 (+48%)
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KBH 07/15 $27-28 Calls
$27: 1.75-3.65 (+109%)
$28: 1.25-2.10 (+68%)
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WGO 07/15 $45-50 Calls
$45: 3.00-7.00 (+233%)
$50: .95-3.40 (+258%)
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NFLX 07/22 $185-190 Calls
$185: 9.18-15.38 (+68%)
$187.50: 13.25-14.25 (+8%)
$190: 7.80-13.18 (+69%)

Fresh Options Ideas
SPY 07/06 $380-382 Calls
RFP 07/15 $17.50-20 Calls

Extended Watchlist:
CHNC, SRNW, RMRK, SEII, KRFG, CIVX, VXIT, MSVI, ENJY, HEXO, IINN, WORX,

Kicking Off Another Short Trading Week

Options Play Review:

Heading into the long weekend on Friday, we took just one stab at a set of potential quick-strike weekly targets. We went to the short side on Micron Technology and thanks in part to an early dip in the markets, that idea yielded a pretty good set of runners.

We were zeroed in on the MU Weekly $53.50-52 Puts which produced the following multi-bag intraday runs for us:

MU Weekly $53.50-52 Puts
$53.50: .66-2.06 (+212%)
$53: .43-1.65 (+284%)
$52: .20-.85 (+325%)

Additionally, we wanted to do a quick recap of a couple of the plays we signaled interest in earlier in the week. We flagged ideas in General Mills and McCormick in Wednesday morning’s report that finished out the week with strength and posted new highs. Our targets were the GIS 07/15 $70-72.50 Calls and the MKC 07/15 $90-80 Puts, which put up the following trading ranges and total possible gains between Wednesday and Friday.

GIS 07/15 $70-72.50 Calls
$70: 1.69-5.90 (+249%)
$72.50: .75-3.50 (+367%)
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MKC 07/15 $90-80 Puts
$90: 6.00-8.10 (+35%)
$85: 2.01-3.60 (+80%)
$80: .60-1.20 (+100%)

Fresh Options Ideas:
KRTX 07/15 $125-130 Calls

Gain Clients, Inc. GCLT – OTC Recap:

We also have a brief update on GCLT, an OTC stock we flagged in Friday morning’s extended watchlist. The made a very respectable intraday move, running from a low of .018 on up to a high of .0349. That works out to a single-session rip of 94% and that came on its second-highest daily volume ever recorded, with the previous session being the first.

Extended Watchlist:
GMPR, HMBL, NXMR, RMRK, GEGI, DUTV, VXIT, ENDP, RMED, RBCN, TYME, NBEV, COWN

Three Winners, Three New Targets

Options Clean Sweep:

We came out firing on all cylinders in yesterday morning’s premarket report. We lined up three potential options trading ideas, and all three were good for some nice single session gain opportunities. In addition to earnings related ideas we also continued to play the SPY, which we’ve been doing to great effect lately.

Our exact areas of interest were the TLRY Weekly $6.50-7.50 Calls, the SFIX Weekly $19 Calls, and the SPY 1/10 $465-462 Puts, The SFIX gains were modest, but TLRY and the SPY logged huge multibag intraday runs.

TLRY Weekly $6.50-7.50 Calls
$6.50: .64-1.45 (+412%)
$7: .47-1.11 (+447%)
$7.50: .35-.83 (+412%)
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SFIX Weekly $19 Calls
$19: .23-.41 (+447%)
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SPY 1/10 $465-462 Puts
$465: 2.52-8.31 (+412%)
$464:1.88-7.37 (+447%)
$462: 1.14-5.53 (+412%)

Fresh Options Ideas:
ACCD Weekly $20 Calls
KBH 02/18 $40-42 Calls
ULTA 02/11 $365-385 Calls

Extended Watchlist:
AVVH, TGGI, AITX, ICOA, TCRI, BNOW, MGTI, TSRI, BDTX, PETZ, VXIT

Perfect Sweep on Options, Fresh Ideas

Hot Options Runners:

We got right back into the swing of things with potential options trades yesterday morning. Our premarket report contained a trio of fresh earnings-related ideas, and we hit the trifecta, with each and every one of our targets producing huge multibag moves on the day. It’s a uniquely satisfying, yet quite common event around here for us to hit on every idea we formulate on a given day.

Our contracts of interest in this case were the PANW Weekly $400-415 Calls, the PDD Weekly $89-92 Calls, and the BBY Weekly $116-119 Calls. We were very pleased with each and every move we observed in those designated ranges, which all gave traders ample opportunities to reap quick profits.

PANW Weekly $400-415 Calls
$400: 20.01-46.03 (+130%)
$405: 14.94-42.00 (+181%)
$410: 15.13-36.86 (+144%)
$415: 12.06-31.58 (+162%)
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PDD Weekly $89-92 Calls
$89: 3.89-10.70 (+175%)
$90: 3.35-10.19 (+204%)
$91: 2.93-9.15 (+212%)
$92: 3.08-8.40 (+173%)
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BBY Weekly $116-119 Calls
$116: 2.30-8.00 (+248%)
$117: 1.73-6.80 (+293%)
$118: 1.41-6.20 (+340%)
$119: 1.09-5.23 (+380%)

Fresh Options Ideas:
AMC Weekly $44-46 Calls
DKS Weekly $122-130 Calls
KC 09/17 $30-35 Calls

Extended Watchlist:
LWAC, CPOP, SPRT, RGC, ASTC, BRBL, NSAV, LTNC, SKYF, FMCC, FNMA, VIZC, VXIT, BMIN

Options Runners & More

More Earnings Hits:

Our impressive run of options success continued with the fresh ideas we included in yesterday’s premarket report. We were feeling bearish about Campbell’s and United Foods following their quarterly earnings reports, and our instincts proved to be well founded.

Our targets were the CPB Weekly $48-46 Puts, and the UNFI 06/18 $40-35 Puts, and in both cases, we witnessed some very nice intraday moves in our targeted ranges.

CPB Weekly $48-46 Puts
$48: 1.11-2.14 (+93%)
$47.50: .70-1.86 (+166%)
$47: .35-1.35 (+286%)
$46.50: .25-.87 (+248%)
$46: .12-.46 (+283%)
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UNFI 06/18 $40-35 Puts
$40: 5.90-7.99 (+35%)
$35: 1.03-3.44 (+234%)
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Fresh Options Ideas:
SIG Weekly $64-66 Calls
RH Weekly $657.50-665 Calls

Majic Wheels Corp. MJWL – Update:

We have been tracking MJWL for some time now, with our initial tag coming in on the morning of May 13th. Subsequent to that report just a shade under a month ago, the stock changed hands for as little as .0094.

Toward the end of May and into this month MJWL has been streaking to new highs, yesterday reaching its best mark yet at .0791. That’s a total increase of 741% in just a short time. Even those who had only caught our tag of MJWL this Monday morning, still had a shot at some nice gains. Monday’s low came in at .0453, which as of yesterday’s new high marked a three-day upswing of 75%

Extended Watchlist:
ZIVO, MDLY, OSAT, XIN, GOFF, PSWW, CZNI, PHIL, VXIT