Tag: WMT

Blue Horseshoe Stocks: WMT, CSCO & More

 Options Ideas

We’re sticking with options as we head into the end of what has been quite a difficult week for stocks in general. All things considered, we still feel it’s the most probable way of coming by short term gain opportunities, even amid less-than-ideal conditions.

Walmart, Inc. WMT – Walmart reported its Q3 earnings this morning, and looks like our top target for the day as a result. Heightened sales, both brick and mortar and via Walmart.com, was the name of the game, as the company jacked up guidance on profits for the 2019 full year.

These developments are definitely moving the needle this morning, so we’re going to want to track the WMT Weekly $101-104 Calls.
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Cisco Systems, Inc. CSCO – In its own Q1 report in the post-market yesterday, we have an untraded-upon earnings and revenue beat for CSCO, so we’re also going to formulate an idea here.

In conjunction with a solid multiple bottom formation on the chart, the present conditions may favor our chances for a quick strike trade on the CSCO Weekly $45-50-47.50 Calls.
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Bonus Idea:
AMRN Weekly $15.50-17 Calls

Extended Watchlist:
TROV, PRPO, NAKD, GTE, WUBA, NBEV, EARS, VIPS

Blue Horseshoe Stocks: CGC Review & More

Canopy Growth Corp. CGC

One of yesterday morning’s fresh options ideas, the CGC 09/21 $30-40 Calls turned in a very nice intraday performance. Despite the stock posting a red candle on the day, the activity still provided us with some excellent chances to score a quick profit.

It stemmed from beverage giant Constellation Brands increasing its stake in Canopy by a whopping $4B. Here are the gains that were on the table as a result, making this another fantastic call on our part.

$30 Calls – Range: 1.76-3.81 – Max Gain:  62%
$35 Calls – Range: .56-1.50 – Max Gain: 40%
$40 Calls – Range: .16-.56 – Max Gain: 51%

Walmart, Inc. WMT

For today, some of the most promising options plays are likely to be in the WMT chain. The company posted a bigger Q2 sales boost than it has in a full decade. To correlate with the spike in attention and activity we are going to signal a range of calls to monitor into the end of the week.

We’ll be tracking the WMT Weekly $97-101 Calls, which should score some good opportunities on a likely dip-and-rip scenario this morning.

Extended Watchlist:
SYMC, AMW, VNRX, WUBA, OSTK, LAC, LFVN

Blue Horseshoe Stocks: WMT Options & More

Walmart, Inc. WMT – Options Idea

Walmart was already building a nice head of steam on the chart in the weeks leading up to this morning’s earnings release. Things have kicked up a notch this morning as Walmart recorded a resounding across-the-board beat, including an online sales increase of 33%

Given that we are always looking out for opportunities to trade options on the heels of a solid earnings beat, we are going to slate some Walmart calls for observation this morning.

We’ll be tracking the WMT Weekly $86.50-88.50 Calls after what we expect should be a dip-and-rip scenario.

Altimmune, Inc. ALT

We would also like to make mention of ALT this morning, after taking notice of the significant pickup in both price action and volatility yesterday.

That was preceded by a lengthy consolidation period as you can see on the snapshot below, and at the present time, the stock is beginning to come off of being oversold. We’ll watch this one for a potential recovery play in upcoming sessions.
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Extended Watchlist:
BDSI, BIOC, BLNK, IMMU, FRED, NOG