Blue Horseshoe Stocks: Capping Off a Solid Week

Another Great Week in Options Trading

If you follow our reports and performance closely, you’ll know that we consistently deliver multiple solid quick-strike options ideas on a weekly basis, and this week has been no exception.

Our premarket report yesterday included fresh near-term targets for AMD and UBER, which both produced chances for significant intraday profits, which were as follows:

Advanced Micro Devices, Inc. AMD 08/16 $30.50-31.50 Calls
$30.50 Calls – Range:
 1.47-3.80 – Max Gain: 156%
$56 Calls – Range: .98-3.50 – Max Gain: 257%
$56.50 Calls – Range: .70-3.00  – Max Gain: 329%

Uber, Inc. UBER Weekly $41-42.50 Calls
$56 Calls – Range: 2.15-3.10 – Max Gain: 44%
$56.50 Calls – Range: 1.90-2.77  – Max Gain: 46%
$57 Calls – Range: 1.55-2.52 – Max Gain: 63%
$56.50 Calls – Range: 1.44-2.24  – Max Gain: 56%


Fresh Ideas: 

It wouldn’t be a full-fledged Friday morning report without a couple of new ideas to carry us down the home stretch on another great trading week, and into the next. Here’s what’s hitting our scanner this morning:

FNKO 08/16 $25-30 Calls 

DXC 08/16 $40-37.50 Puts

*We’re also going to radar GHST, thanks to our faithful subscriber, Mark!


Extended Watchist: 
RKDA, LLEX, ELY, VYGR, ONVO, YELP, MRNS, 

Blue Horseshoe Stocks: HEAR Recap & More

Turtle Beach Corp. HEAR

Beginning on the 9th of April, we started tracking HEAR, at a low of 2.76. We swung back around on Tuesday to comment on the excellent moves the stock had made to that point, but we have to revisit once again to update readers on the fantastic new highs attained by HEAR yesterday.

The stock traded in a daily range from 10.80-13.88, an intraday pop of 29% As measured from our observed low on this play barely over a month ago, that high mark represented an upswing of 403%

The stock failed to maintain at least half of its daily advance, so a pullback may be in the cards, but we’ll still allow HEAR to continue to occupy a spot on our watchlist in coming sessions.


AT&T Inc. T – Option Ideas

We’re always looking for a good bottom-play in the midst of a reversal, and thanks in part to a bullish day for the markets yesterday, AT&T fits that bill. Not only did it show a spark off of a bottom yesterday, but there is a considerable gap to fill on the chart as you can plainly see on the included snapshot.

We want to signal some weekly calls for the immediate situation, and some extended term calls in the event of a more sustained recovery. For today, we’re going to track the T Weekly $31-32.50 Calls*, and going forward, we’ll keep the T 06/01 $33 & 33.50 Calls on watch as well.

*NEVER trade weekly options on a Friday unless you are an expert level trader with disposable funds!


Extended Watchlist:
FRTA, FSCT, TTD, EPE, RXII, VYGR

Blue Horseshoe Stocks: ECYT Recap & More

Endocyte, Inc. ECYT

Our first order of business this morning is to review the recent performance of ECYT, which we initially slated for observation in our report on February 28th. At the time, the stock had been slowly gaining momentum for much of February, and it looked ripe for a more pronounced breakout.

That day, as the stock was trading for as little as 4.51, we witnessed an explosion in volume that has precipitated a very impressive run, persisting for over two weeks up to the present time. Yesterday’s session brought a new high of 11.54 in ECYT, which marks an upswing of 156% in a relatively short time frame.


Valeant Pharma International, Inc. VRX

On Monday morning, we came up with some options ideas for VRX, which we noted was “ready for a bottom bounce”. We also made reference to a huge Form-4 buy of $108.8M came in as well, which led us to postulate that “for now the stock has gone as low as it’s going to go.”

We couldn’t have been any more spot-on in our assessment of VRX, and the result has been a solid performance for the short-term calls we put on watch, the VRX Weekly $15 & $15.50 Calls. The $15’s ran from .65-1.15 for a gain of 77%, while the $15.50’s moved from a low of .30 to .71, an increase of 137%

We had some longer-term ideas as well which we will likely come back to in an upcoming report, as it appears VRX will continue to head up. On that note, we’ll also look to roll up our strike prices on the weekly calls to the $16 & $16.50’s.

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Fresh Options Idea:

Walmart, Inc. WMT 04/20 $95-97.50 Calls


Extended Watchlist:
RKDA, EXPR, NCTY, VYGR, TYME, MARA