Month: January 2019

Blue Horseshoe Stocks: Options Roundup & More

OPTIONS ROUNDUP

One of our top activities each day is poring over the previous day’s post-market quarterly earnings reports, as well as the premarket releases from that morning, in order to find those stock most likely to produce the type of volatility we look for to make quick-strike trades.

The earnings calendar is rather busy at present, with three names jumping to the forefront on our scanner today. We’ll give a brief overview of their quarterly highlights, as well as ranges of contracts to place on watch for the remainder of the week.

International Business Machines Corp. IBM
-Beat on profit, strong outlook
Radar: Weekly $130-134 Calls

United Technologies Corp. UTX
-Earnings and revs beat, more than 70% increase in Q4 profit
Radar: Weekly $113-118 Calls

The Procter & Gamble Co. PG
-Strong sales, earnings beat, boosted guidance
Radar: Weekly $93-95.50 Calls

Extended Watchlist:
CODX, SYF, EARS, QSR, BPTH, PUMP, IDEX

Blue Horseshoe Stocks: Options Recap, Fresh Idea & More

SPDR S&P500 ETF (SPY)

On Friday we were just mentioning how SPY options has been a go-to trade for us. We talked about the most recent occurrence, when we signaled some SPY Calls earlier this month that produce multi-bag gain opportunities.

We said we would be tracking the SPY Weekly $263.50-265 Calls on Friday and it should come as no shock that we once again struck it big with our favorite ETF. Each of the four contracts contained within our specified range logged huge gains on the day.

Here are the intraday moves made, and the total possible gains that were available to anyone who was following our idea:

$263.50 Calls – Range: 1.09-3.94 – Max Gain: 261%
$264 Calls – Range: .47-2.96 – Max Gain: 530%
$264.50 Calls – Range: .51-2.46 – Max Gain: 382%
$265 Calls – Range: .33-2.00 – Max Gain: 506%


Logitech International, Inc. LOGI

We’ve also taken notice of LOGI on the heels of its Q3 earnings report, wherein the company has reported record sales for the quarter, not to mention raising guidance for the full year. As a result it presently appears to be the most attractive stock on the earnings calendar.

We are going to signal a range of calls in the LOGI chain to observe in the days and weeks ahead–  the LOGI 02/15 $34-35 Calls.

Extended Watchlist:
TVON, TTNP, AVGR, EDU, KNDI, ATIS,

Blue Horseshoe Stocks: SPY Calls & More

SPDR S&P500 ETF (SPY)

We are wrapping up a very solid week, which even included a twenty-bagger (NFLX $300 Calls, +2069%). This morning, with the markets appearing to be geared toward  bullish finish to the week, we will entertain a range of SPY Calls, for the possibility of some good daytrades to really end things on a high note going into the upcoming long weekend.

The SPY is our go-to target when not a lot else is jumping off of the scanner, and we’ve played it successfully on more occasions to count. The most recent being a couple of sets of ideas we made just prior to the New Year, which resulted in gains ranging from 300-600%

Today, we are going to be tracking the SPY Weekly $263.50-265 Calls.*
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Bonus Ideas:
JBHT 02/15 $100 & $105 Calls
CGC Weekly $43-44.50 Calls*
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*Please do not attempt to trade weekly options on a Friday unless you an advanced level trader with disposable funds.

Extended Watchlist:
BPTH, MTNB, KNDI, HSGX, CRBP, CCCL