Month: February 2019

Blue Horseshoe Stocks: Bottom-Bouncers & More

Riot Blockchain, Inc. RIOT

Things move pretty fast around here, but we do our best to keep up with tracking on all of the stocks we mention in our daily reports. In certain cases, we see slow buildup, and in others we see a quick rocket to new highs, but in the case of RIOT, we actually got both.

After we highlighted our interest in RIOT roughly two months ago on December 19th, it had been on a rather steady climb, until Friday when the lid blew off the top. Our observed low subsequent to our mention of the stock was 1.29, and Friday’s new high came in at 4.24. That’s a gain of 229% in a span of just eight weeks!

Bristow Group, Inc. BRS

We also wanted to quickly highlight a bottom-bouncer with some real potential to the upside. We ran across BRS this morning, noticing that it had just produced some activity off of a relative bottom.

There is a gap to fill on thwe chart and room to run for some potentially solid gains, so we’ll be keeping an eye peeled for that as we kick off a fresh trading week.

Fresh Options Ideas:
KNDI Weekly $6-7 Calls
GDXJ Weekly $34-34.50 Calls
GRMN Weekly $74.50-76.50 Calls

Extended Watchlist:
MXMG, IPCI, NSPR, DBVT, ACIU, ADIL, VNTR, IDEX, SPN

Blue Horseshoe Stocks: Big Winners from Friday

Big Winners from Last Week
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Due to the sheer number of winning plays to report on from Friday’s newsletter, we will give only a brief summary including the name of the company, the ideas we submitted, and the total possible gains they had provided by the end of the week.

Nearly everything we’ve had our hands in recently has made some type of the move to the upside, continuing a very promising trend that we have established in the first months of 2019.

AstraZeneca plc AZN –We cited some contracts here earlier in the week (Weekly $39-39.50 Calls), as well as updated that idea on Friday with a couple of new targets at higher strike prices (Weekly $40-40.50 Calls). All contracts involved saw significant moves/new highs.

$39 Calls – Range: .55-1.39 – Max Gain: 153%
$39.50 Calls – Range: .19-1.35 – Max Gain: 611%
$40 Calls – Range: .23-.95 – Max Gain: 313%
$40.50 Calls – Range: .12-.38 – Max Gain: 217%
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Electronic Arts, Inc. EA – We had the EA Weekly $107-109 Calls in Friday’s report as a fresh idea, and all three of those plays could have worked out nicely for traders. We saw double bag gain opportunities across the board in this case.$107 Calls – Range: .78-1.60 – Max Gain: 102%

$108 Calls – Range: .50-1.13 – Max Gain: 126%
$109 Calls – Range: .33-.66 – Max Gain: 100%
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Canopy Growth Corp. CGC – We’ve been watching Canopy since well before the stock uplisted to the NYSE from the OTC, and while what was supposed to be a Canadian cannabis boom has been much more subdued than anticipated, we still like to keep tabs on this one and use its activity to our advantage wherever possible. On Friday we targeted the CGC Weekly $46.50-48 Calls and were met with multi-bag intraday gains there as well.
$39.50 Calls – Range: .83-2.01 – Max Gain: 142%
$40 Calls – Range: .62-1.60 – Max Gain: 158%
$40.50 Calls – Range: .43-1.20 – Max Gain: 179%
$40 Calls – Range: .31-.90 – Max Gain: 190%
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SPDR S&P500 ETF (SPY) – Last but not least, we had an idea for the SPY options chain, as we very often do, and all of those contracts provided us with big profit chances as they very often do! All five targets in the range of our SPY Weekly $274.50-276 Calls made big moves.
$274.50 Calls – Range: .85-2.92 – Max Gain: 244%
$275 Calls – Range: 1.26-2.62 – Max Gain: 108%
$275.50 Calls – Range: .86-2.61 – Max Gain: 203%
$276 Calls – Range: .50-1.60 – Max Gain: 220%
$276.50 Calls – Range: .22-1.10 – Max Gain: 400%
Walmart, Inc. WMT – Fresh Options Idea
Today we want to keep things rolling with a new idea to kick the week off on, and that is going to be WMT Weekly $101-104 Calls. The stock broke a double-top area of resistance on Friday, and this morning, an across-the-board earnings beat should help create some nice activity in our designated range.
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Bonus Idea:
Advance Auto Parts, Inc. AAP Weekly $165-170 Calls
Extended Watchlist:
IDVV, DPW, EROS, VIAV, BLIN, CLSD, VKTX

Blue Horseshoe Stocks: Fresh Options Ideas & More

OPTIONS UPDATES

Activision Blizzard. Inc. ATVI – To follow up with our idea from Wednesday morning in our premarket report, the ATVI Weekly $42-43.50 Calls, we wanted to provide one more update after another big move from the stock pushed our highlighted targets to new highs yesterday, and registered a really impressive two-day swing.

The following moves are the overall increases from the lows we observed on Wednesday: 

$42 Calls – 1.32-4.50 (+241%)
$42.50 Calls – .98-4.00 (+308%)
$43 Calls – .70-3.50 (+400%)
$43.50 Calls –  .44-3.05 (+593%)

Today, we are going to turn our attention to a slightly higher strike area, the ATVI Weekly $44.50-46 Calls*.
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AstraZeneca plc AZN – The AZN Weekly $38-39.50 Calls  were on our radar yesterday morning as our fresh options idea, and despite the lower end of that range being pushed too far in the money, we still saw some solid moves out of the $39’s and $39.50’s.

The $39’s ran from .55-.90 for a gain of 64%, while the $39.50’s cruised from a low of .19 to hit .55; a big-time intraday pop of 189%  We want to continue to watching this chain as well, with the 39.50’s, and also rolling up to include the $40 and $40.50’s*.
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FRESH IDEAS:

SPY Weekly $274.50-276 Calls*
CGC Weekly $46.50-48 Calls*
EA Weekly $107-109 Calls*
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*Trading Weekly contracts on Friday should not be attempted unless you are an expert level trader with disposable funds.

Invacare Corp. IVC – Recap

Also appearing in yesterday’s report, was IVC, which we tagged in our extended watchlist. The stock made a good move on the day, which warrants further observation in coming sessions.

From a low of 7.21 IVC reached 9.54, which was good for an intraday rise of 32% which made it the second highest gainer on the NASDAQ for Thursday. We’ll continue to monitor this one as well.

Extended Watchlist:
ARSN, CBAY, SLDB, ICON, NGL, ADMA