Tag: WB

Blue Horseshoe Stocks: Options Roundup

Weibo, Inc. WB

We targeted some bearish Weibo ideas in yesterday morning’s premarket report, and with the help of a rough day for the markets in general, we saw some excellent single-session gain chances from our highlighted contracts, the WB Weekly $46-44 Puts.

Out of the four contracts contained within our designated range, all four recorded double-bag gains on the day, which were as follows:

$46 Puts – Range: 1.55-3.30 – Max Gain: 113%
$45.50 Puts – Range: 1.18-3.10  – Max Gain: 163%
$45 Puts – Range: 1.05-2.50 – Max Gain: 138%
$44 Puts – Range: .55-1.80  – Max Gain: 227%
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Target Corp. TGT

On Wednesday, we offered up the TGT Weekly $75-77 Calls as an options idea, and we’re happy to report that all of those returned opportunities at multi-bag gains as well.

$75 Calls – Range: 2.26-4.55 – Max Gain: 101%
$75.50 Calls – Range: 2.00-4.05  – Max Gain: 103%
$76 Calls – Range: 1.46-3.45 – Max Gain: 136%
$76.50 Calls – Range: .91-2.81  – Max Gain: 209%
$77 Calls – Range: .70-2.58 – Max Gain: 270%

FRESH OPTIONS IDEAS
SPY Weekly $282.50-283.50 Calls*
HPQ Weekly $19-19.50 Calls*
CVS 07/19 $52.50-55 Calls

*Please don’t attempt to trade weekly options on a Friday if you are not an advanced level trader with access to disposable funds!

Extended Watchlist:
AMPG, HSGX, DNR, DHT, PTN, AETI, DVAX, VSAT, MBIO, ONVO, GPN, VSAT, YRIV

Blue Horseshoe Stocks: Winning Options


OPTIONS REVIEW

We signaled our interest in two sets of options ideas in yesterday morning’s premarket report, and we managed to see sizable intraday gain chances as a result of both of them. The total possible intraday gains for each play were as follows:

Target Corp. TGT –  For Target, in the wake of an analyst upgrade, we highlighted the TGT Weekly $75-77 Calls.and saw some solid opportunities to profit.

$75 Calls – Range: 2.27-4.22 – Max Gain: 86%
$75.50 Calls – Range: 2.00-3.52  – Max Gain: 76%
$76 Calls – Range: 1.53-3.13 – Max Gain: 105%
$76.50 Calls – Range: 1.38-2.82  – Max Gain: 104%
$77 Calls – Range: 1.06-2.43 – Max Gain: 129%
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Advance Auto Parts, Inc. AAP – We also were looking at the AAP chain following the company’s earnings beat yesterday. Our area of interest there was the AAP 06/21 $165-170 Calls, and those also fared extremely well. The $165’s ran from 5.25-9.00 for a 71% pop, and the $170’s traded up from a low of  3.00 and hit 5.80, an intraday upswing of 93%

With nearly a month remaining until expiration, and the stock still well below any areas of major resistance, we’ll be interested to continue tracking these plays.
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FRESH IDEAS:
BBY Weekly $69-70 Calls
WB Weekly $46-44 Puts

Extended Watchlist:
AMPG, EVRI, INNT, BLIN

Blue Horseshoe Stocks: WB Options & More

Zillow Group, Inc. Z

We targeted a set of ideas for the Zillow options chain yesterday, namely the Z Weekly $48-49 Calls, as the company was coming off of its Q3 earnings release.

The stock gapped down fairly significantly, however it launched into an immediate rebound that made some solid gains possible in our highlighted contracts. Here are the total possible intraday gains which could have been achieved on the back of those ideas.

$48 Calls – Range: 1.30-2.23 – Max Gain: 75%
$48.50 Calls – Range: 1.10-1.70 – Max Gain: 55%
$49 Calls – Range: .80-1.40 – Max Gain: 75%

Weibo Corp. WB

We’re simply going to stick to our running strategy of hitting up plays that have just seen their respective companies report on earnings. Chinese internet stocks have been flagging of late, and WB is at this point, extremely oversold.

We could envision a longer term scenario in which WB sees a replacement back to  $100-110 range, however we are just going to roll with some quick-strike ideas for now. We’ll be tracking the WB Weekly $86-88 Calls as we head into week’s end.

Extended Watchlist:
ETM, ATIS, IAC, MTBC, BOOT, MTCH