Blue Horseshoe Stocks: ATVI Options & More

Activision Blizzard. Inc. ATVI

We focused on stocks quite a bit earlier on in the week, so this morning we wanted to take the opportunity to put another potential options play into the mix. We’re constantly looking for company’s that have just reported earnings, which gives us the potential for the volatility that we want.

In the case of ATVI, while its quarterly figures were lacking, the tock was at a bottom, and appears to want to go green today. We will put the ATVI Weekly $42-43.50 Calls on watch this morning, and monitor for the remainder of the week for a possible rebound off of what was its new 52-week low, registered on Monday.



SPDR S&P500 ETF (SPY)

Our regular readers are well aware of our fondness for the SPY ETF. We have taken advantage of it on many occasions. A quick peek into our archives reveals that today is the 114th time we’ve mentioned the SPY in our newsletters. It’s a well that we continue to draw from, with no indications of that ever changing.

Today, after such a big move yesterday wherein the SPY broke its 200DMA, we want to look for  continuation of the bullish behavior we’re observing. We will designate the SPY Weekly $274.50-275.50 Calls as ones to watch as we head through this midweek.


Extended Watchlist:
DBD, AVLR, FCX, ADOM, RWLK, YGYI, SN

Blue Horseshoe Stocks: Big Options Winners

Successful Options Ideas

We formulated some quick-strike, post-earnings options ideas for Home Depot and Advanced Auto Parts in yesterday morning ‘s premarket report. Even with shaky market performance like we’ve seen this week, a good earnings play can go a long way, and we proved it yet again.

Both ideas we submitted produced instant results, with the HD contracts we signaled providing the biggest potential profit by far. Those gains were as follows:

Home Depot, Inc. HD Weekly $180 Calls
Range:
.40-3.00 -  Max Gain: 650%

AAP Weekly $170 & $175 Calls
$170′s Range: 9.89-14.83 -  Max Gain: 50%
$175′s Range: 5.80-9.90 -  Max Gain: 71%


More Fresh Options Ideas

We’ll keep the post-earnings options train rolling with another pair of ideas this morning. Especially during times of high market uncertainty, earnings related options plays are our go-to targets.

Canada Goose Holdings, Inc. GOOS Weekly $66-69 Calls
Macy’s Inc. M 12/07 $37 & 37.50 Calls

Bonus Idea:
We’ll also signal some SPY calls that will be in play provided it holds above $270 upon the open. In that event, we’ll be looking at the SPY Weekly $272-274 Calls.


Extended Watchlist:
YGYI, DNR, SHIP, OHGI, PETQ, DSS, HMNY, LMFA, BPMC(Multi-Bottom)

Blue Horseshoe Stocks: More New Highs on YGYI

Youngevity International Inc. YGYI

We’re coming right back to YGYI for the second straight morning, after the stock once again pushed to new 7-year highs on some of the biggest volume the stock has ever seen.

We slated this play for observation twelve days ago, and its performance across that span has been rather impressive. Our observed low on YGYI of 6.00 has quickly given way to the stock’s new high of 16.20, which represents a gain of 170% in a time frame of less than two weeks.

The stock closed very near to its high of day, and the record volume continues, so with that kind of momentum, we will undoubtedly continue to track its movements as it continues to pierce its way into blue skies.


Fresh Options Ideas

Morgan Stanley MS – In the case of Morgan Stanley, we’re going to come in with an options idea on the heels of the company’s Q3 earnings report. Our target contracts are going to be the MS Weekly $43.50 & $44 Calls.

Ferrari N.V. RACE – Ferrari is simply looking like a technically-sound bottom play at the moment, so we are going to signal some longer term calls here to coincide with a possible upcoming rebound. We’ll radar the RACE 10/26 $120-124 Calls here.


Extended Watchlist: 
SLS, LCI, SEND, CVE, KOOL, NSPR, FLKS

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Blue Horseshoe Stocks: YGYI Update & More

Youngevity International Inc. YGYI

We began tracking YGYI the Thursday before last, on the 4th, and subsequently witnessed a low of 6.00 before the stock began to ascend sharply.

On Friday, despite already having produced significant gain opportunities for us, the YGYI once again made an impressive move, streaking to a new high of 14.40. That works out to an overall move of 140% accompanied by some of the highest volume sessions in the history of the stock.  As YGYI streaks to seven year highs and into the blue sky, we’ll continue to keep tabs on its activity.


Canadian Cannabis Legalization Finally Arrives

We have been proponents of the Canadian cannabis sector for quite a long time, and we have finally reached the moment we’ve been waiting for- the nationwide legalization of recreational marijuana. Originally slated for July, the delays will now finally come to an end, which means the fun is just getting started. Wednesday is the big day.

Here is a list of Canadian cannabis stocks that we’ve tracked in the past to watch in the midst of this very exciting, key moment in Canada’s history, and indeed the history of cannabis itself:

ACBFF, APHQF, ATTBF, CRON, GLDFF, GLNNF, ISOLF, NXTTF, MRRCF, SPRWF, & TWMJF


Extended Watchlist: 
ARNC, LEVB, LLL, HRS, TKC, INO, EARS, CEI, RIOT, MNGA

Blue Horseshoe Stocks: YGYI Review & More

Youngevity International Inc. YGYI – Recap

Last Thursday morning, we included a tag of YGYI, and today we wanted to swing back around and update readers on the stock’s performance.

YGYI ended up producing a significant dip-and-rip opportunity, coming down to an even 6.00 low before taking off and hitting a high of 10.95 yesterday, in one of its biggest single-session moves of all time. It worked out to an 83% upswing. and put YGYI in blue skies, not to mention grabbing it the top gainer spot on the whole of the NASDAQ.



eBay, Inc.  EBAY – Update

We also want to circle around for the extended term options plays we selected for observation, also in last Thursday’s report. Those were the EBAY 11/23 $33-35 Calls, and they’ve gotten off to a good start for us so far. In the four sessions since we highlighted these plays, all three have produce gains of a significant nature:

$33 Puts – Range: 1.22-2.45 – Max Gain: 101%
$34 Puts – Range: .82-1.75 - Max Gain: 113%
$35 Puts – Range: .60-.86 - Max Gain: 43%

With tons of time remaining until expiration, we’ll be eager to continue tracking these ideas for further moves.


Extended Watchlist: 
ADOM, IGC, NBEV, BLRX, NVCN, RARX