Blue Horseshoe Stocks: Friday Options Recap

Friday Options Recap

We were tracking some calls throughout the week last week, as well as submitting some fresh ideas on Friday, and we want to kick things off this week by going over the excellent opportunities that those provided through Friday’s session,

Canada Goose Holdings Inc. GOOS – We slated a range of GOOS options fresh for Friday’s morning report, with the GOOS Weekly $50-60 Calls, and we were quite pleased with the resulting activity and chances for big profits. Every one of the seven contract in that range saw huge moves to the upside, including both a 9 and a 14-bagger!

$50 Calls – Range: 4.00-11.32 – Max Gain: 183%
$51 Calls – Range: 3.30-8.89 – Max Gain: 169%
$52 Calls – Range:3.13-7.00 – Max Gain: 123%
$53 Calls – Range: 2.96-5.50 – Max Gain: 86%
$54 Calls – Range: 1.50-5.60 – Max Gain: 273%
$55 Calls – Range: .55-5.67 – Max Gain: 931%
$60 Calls – Range: .10-1.55 – Max Gain: 1450%

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Tesla, Inc. TSLA – We had already seen multi-bag moves in the TSLA Weekly 337.50-347.50 Calls that we signaled on Wednesday morning,  but Friday’s bullish move allowed for impressive new highs in all five of our tracked contracts

The following figures represent the three-day swing and total possible gains over that span, from our initial alert on Wednesday morning, through Friday’s session.

$342.50 Calls – Range: 4.90-26.18 – Max Gain: 434%
$345 Calls – Range: 4.00-24.35– Max Gain: 508%
$347.50 Calls – Range: 3.20-22.10 – Max Gain: 590%
$345 Calls – Range: 4.00-19.37 – Max Gain: 384%
$347.50 Calls – Range: 3.20-16.87 – Max Gain: 427%

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Extended Watchlist: AVLR, EGC, RCII, AXL, QTNT, GEVO

Blue Horseshoe Stocks: TSLA, GOOS

Tesla, Inc. TSLA
When we left off with TSLA on Wednesday after seeing double bag moves in the calls we had tagged the previous day, we stated that we had “reason to believe that we may see some further opportunities in these ideas before the week is out.”.
Those calls were the TSLA Weekly 337.50-347.50 Calls and our assumption that they would provide another wave of gain opportunities proved to be completely accurate. We did in fact get a bigger round of gains which we’ve listed below. These ranges represent a two-day swing from Wednesday’s lows to yesterday’s highs:

$337.50 Calls – Range: 7.50-21.20 – Max Gain: 183%
$340 Calls – Range: 6.07-18.70 – Max Gain: 208%
$342.50 Calls – Range: 4.90-15.98 – Max Gain: 226%
$345 Calls – Range: 4.00-13.78 – Max Gain: 245%
$347.50 Calls – Range: 3.20-11.48 – Max Gain: 259%


Canada Goose Holdings Inc GOOS – Fresh Idea

Despite already being at its annual highs, GOOS is running like scalded dog this morning in the wake of its quarterly earnings report.

We’ve always got our eyes on the earnings calendar to look out for opportunities such as this, to take quick advantage of a rapid rise in volatility. We’re going to slate the GOOS Weekly $50-60 Calls* for observation, which could provide us with a few chances for gains to close out the week.

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


Extended Watchlist:
BAK, TXMD, MTNB, CPST

Blue Horseshoe Stocks: HEAR Review & More

Turtle Beach Corp. HEAR – Review

Our primary focus has always been to find near-term trading opportunities first, assigning longer-term calls a secondary priority. However, we’ve had quite a bit of good fortune this year in identifying stocks that have gone on to have considerable extended runs.

HEAR is one such stock, that we first signaled for observation on April 9th, at which time the stock was trading for as little as 2.76. Over the ensuing nine weeks, we have seen an incredible, near-continuous bull run that has resulted in new highs of 23.20 yesterday. That works out to an increase of 740% over a span of a little over two months!

Being in blue skies, there’s no telling what new highs we might see in HEAR; it’s certainly plausible to believe we may see our total observed gain reach a thousand percent at some point in the near future. At the rate things have been going, it’s certainly not an unreasonable thought.


H&R Block, Inc. HRB – Fresh Idea

We also want to provide a quick update on our bearish options idea from yesterday’s premarket report, the HRB Weekly $26-24 Puts. We formulated this range after noticing the stock getting kicked hard despite posting an earnings beat in the post-market on Tuesday.

HRB did gap down a little too far for the $26’s to see much action, but we had respectable chances to profit off of the other two contracts in the range. The $25 Puts ran from .65-1.05 for a gain of 62%, while the $24’s put up a double-bag performance with a 133% rip from .15-.35.


Galectin Therapeutics, Inc. GALT

We tagged GALT on Tuesday morning after noticing a big surge in activity, and its run has continued nicely over the course of the week.

We’ve now observed a solid 37% bullish move from 5.83-8.00, and will be on the lookout for the possibility of more new highs.


Extended Watchlist:
ENPH, CTRV, CODX, FCEL, ETSY, ONTX, MYSZ