Blue Horseshoe Stocks: SPY, MAXR Recaps & More

Maxar Technologies, Inc. MAXR – Review

Despite what appears to be a significant downturn looming this morning, the markets as a whole posted a solid bullish session on Friday, and that helped one stock we’ve been tracking in recent weeks to record a new high for us.

We tagged MAXR for observation in mid-March, and before the end of the month, it had consolidated down to a low of 3.83. The month of April brought a fairly steady uptrend, and Friday’s strong performance kicked it up another notch. The stock hit a new high of 6.66, marking a move of 74% in just over six weeks. The stock filled almost the entire topside gap that was on the chart, and the RSI has just cracked into the Power Zone, so we’ll want to continue to keep an eye on its activity.



Sysco Corp. SYY – Options Idea

Despite continued China trade tensions throwing a wrench into the markets to start the week today, we are going to be looking a little further ahead with an options idea relating to the imminent golden cross on the SYY chart, combined with the company’s earnings beat posted this morning in the premarket.

The food wholesaler has a chance to break a double top, and we’re going to be ready with an options idea in the event that it manages to do so. Our highlighted targets are going to be the SYY 06/14 $69.50-71 Calls.
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Friday SPY Update: We signaled interest in the SPDR S&P500 ETF (SPY) Weekly $292.50 Calls on Friday morning, and those contracts traded up from a low of .53 to 1.76, which represented a single-session move of 232%


Special Note: Our extended watchlist today contains more penny stocks than usual. The OTC tends to heat up when uncertainty strikes the larger markets. We’ll have an eye peeled for interesting activity on that front.


Extended Watchlist:
ZIXI, NAFS, TMGI, TTCM, DAVC, SNYR, CTRV, RMTI, HEB

Blue Horseshoe Stocks: Earnings Related Options Ideas

Earnings Related Options Ideas

As our regular readers are well aware, a majority of our focus in recent years has been shifted from straight stock trading ideas to options. More specifically, short-term options in companies that have just reported their quarterly earnings.

We are the absolute best newsletter for options daytrading in existence, routinely providing ideas with multi-bag gain potential each and every week. Our record, which anyone can view at any time in our archives, speaks for itself.

After a huge number of reporting companies just released their quarterlies and several high impact economic reports came back positive this morning, we’re going to revisit some ideas in a few chains that have been good to us in the past:

Shake Shack, Inc. SHAK Weekly $67.50 Calls
Weight Watchers International, Inc. WW Weekly $22.50 Calls
SPDR S&P500 ETF (SPY) Weekly $292.50 Calls

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Bonus Idea:

Biogen, Inc. BIIB has been largely trading sideways since its huge flop on its alzheimer’s drug back in March caused a massive cratering of the stock. We look for large gaps on charts like this, along with signs that a stock has reached its lowest likely trading value. The latter signal, we can infer from the huge blocks of insider buying at current levels which have been reported over the past week. Two Form-4′s amounting to a total of roughly $20M in insider buys suggest that the current base is solid. We’ll look to take advantage of a longer-term idea and track the BIIB 07/19 $240-250 Calls.


ARCA Biopharma, Inc. ABIO

Occasionally we do still provide straight stock ideas as well, when a solid bottom or news play catches our attention. We put ABIO on bottom watch at the end of March when it was trading in the upper-$6 to $7 range. The stock was under steady consolidation for the whole of April, and reached as low as 5.01 just this week before launching into a huge two day uptrend.

Yesterday it reached a new high of 20.45, which marks an overall rise of 308% We also re-tagged it in our premarket report yesterday, and for those that only put it on their radars following that alert, yesterday’s intraday move alone was fairly impressive. It ran from 12.03 up to the previously mentioned high, which marks a one day upswing of 70%


Extended Watchlist:
TROV, SUNW, UXIN, CBLK, BRKR, CBLK, RPD, ADOM, VTVT, ZIXI, IDEX

Blue Horseshoe Stocks: Options Explosion

Options Review

We are very pleased to report that our options ideas that we formulated fresh for yesterday’s session in our premarket report produced huge chances for profits across the board. We submitted targets in the Dick’s Sporting Goods and Tiffany’s chains following their quarterly earnings reports, and hit the nail on the head in both instances.

Here are the stellar gains that were made possible by our fantastic ideas:

Dick’s Sporting Goods, Inc. DKS Weekly $36-38 Calls
$36 Calls
– Range: .20-1.95 - Max Gain: 875%
$37 Calls – Range: .20-1.40 – Max Gain: 600%
$38 Calls – Range: .05-.80 - Max Gain: 1500%

Tiffany & Co. TIF Weekly $95-92 Puts
$95 Puts – Range: 1.30-3.20 - Max Gain: 146%
$94 Puts – Range: .90-2.44 – Max Gain: 160%
$93.50 Puts – Range: .90-2.12 - Max Gain: 136%
$93 Puts – Range: .62-1.85 - Max Gain: 198%
$92 Puts – Range: .45-1.30 – Max Gain: 189%



Zillow Group, Inc. Z – Update

Last Wednesday we also began tracking some options ideas on Zillow, which caught our eye when we noticed some insider buying at relative lows. We highlighted the Z 01/18 $30-40 Calls, and immediately began to see results. Zillow stock has been on a steady incline ever since, beginning to fill the large topside gap on the chart.

We’re happy to report new highs on all three of our selected contracts, which have thus far provided us with the following gain opportunities.

$30 Calls – Range: 1.57-6.11 - Max Gain: 289%
$35 Calls – Range: .57-2.80 – Max Gain: 391%
$40 Calls – Range: .10-.95 - Max Gain: 850%


Extended Watchlist:
SGSI, IPCI, KIRK, RIOT, BPMX, DPW, ANF, ZIXI, YETI, LZB, GSM

Blue Horseshoe Stocks: Big Options Success

OPTIONS RECAP

Both of the fresh options ideas we submitted in yesterday morning’s premarket report turned out to be multi-bag winners, with the MCD $170′s turning in the winning card of the day with nearly a three thousand percent pop!

McDonald’s Corp. MCD

We selected thethe MCD Weekly $165-172.50 Calls yesterday, and as we just stated, one of those contracts absolutely exploded for close to a thirty-bagger! All the other contracts in our highlighted range posted big-time gains on the day as well.

$165 Calls – Range: 4.10-12.50 - Max Gain: 205%
$167.50 Calls – Range: 1.24-10.34 – Max Gain: 734%
$170 Calls – Range: .28-8.48 - Max Gain: 2929%
$172.50 Calls – Range: .67-5.85 – Max Gain: 773%
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SPDR S&P 500 ETF (SPY) – The other plays we had placed on our radar yesterday morning was the SPY 10/31 $275-277 Calls as we awaited a recovery from this week’s early losses. While the markets didn’t gain any ground from the open, there was a big dip-and-rip scenario which allowed for some very solid gains in our designated plays.

$275 Calls – Range: 1.11-3.00 - Max Gain: 170%
$275.50 Calls – Range: 1.02-2.69 – Max Gain: 164%
$276 Calls – Range: .68-1.93 - Max Gain: 184%
$276.50 Calls – Range: .74-2.13 – Max Gain: 188%
$277 Calls – Range: .65-1.93 - Max Gain: 197%
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Fresh Options Idea:
The Boeing Co. BA Weekly $357.50-367.50
Caterpillar, Inc.CAT 11/16 $120-123 Calls


Barrick Gold Corp. ABX

We want to provide a quick update on a recent tag of ours this morning. Exactly 4 weeks ago to the day, we placed ABX on watch, and the stock has enjoyed a continuous uphill climb ever since, even despite the markets at large having a rough couple of weeks.

Subsequent to our alert on the 24th of last month, we witnessed a low of 10.72, and yesterday the stock reached a PPS of 14.10, marking a solid 32% increase, which is nothing to sneeze at with a $10+ stock in just a month. We’ll continue to track its movements going forward.


Extended Watchlist: 
ZIXI, ACB, TOPS, NDRA, ACB, ESEA, FRO, AGRX, CPHI