March, 2019 | Blue Horseshoe Stocks

Blue Horseshoe Stocks: Options Recap, New Ideas

Options Recap

We ended our week with some fresh options ideas on Friday, which, like a good majority of our ideas, saw chances for multibag gains on the day.

ULTA Weekly $320-327.50 Calls*
$320 Calls – Range: 9.20-17.60 – Max Gain: 78%
$322.50 Calls – Range: 8.80-18.80 – Max Gain: 108%
$325 Calls – Range: 4.90-19.26 – Max Gain: 108%
$327.50 Calls – Range: 5.10-16.74 – Max Gain: 110%
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SPY Weekly $280.50-281.50 Calls*
$280.50 Calls – Range: .40-1.65 – Max Gain: 78%
$281 Calls – Range: .14-1.24 – Max Gain: 108%
$281.50 Calls – Range: .09-.79 – Max Gain: 108%

Fresh Ideas:
SPY 03/18 $281-282 Calls*
FIS 04/18 $110-115 Calls

*As always when we signal options expiring the same day of our report, we must insist that you NOT attempt any of these trades unless you are an advanced level trader with access to disposable funds!

Qudian, Inc. QD

We’re looking at a potential bottom-play in QD as we kick off the week also, which as you can see on the following snapshot, has a ripening chart at the moment. The company reported earnings this morning, which beat expectations, while revenues fell slightly short.

The stock could be setting up for another run at the $7.00 range or better, so we’re going to begin monitoring QD in upcoming sessions.

Extended Watchlist:
ABIO, ADOM, NAKD, SFET, NSPR,

Blue Horseshoe Stocks: Fresh Options Ideas

Options Roundup

We are going to close out this trading week, which not-atypically presented us with stock and options plays that went for multibag gains, by formulating another group of options ideas. ULTA reported earnings yesterday post-market, we’ve been tracking NTNX for several sessions, and we’re looking at the SPY as the market is gapping up this morning.

ULTA Weekly $320-327.50 Calls*
NTNX Weekly $37.50-39 Calls*
SPY Weekly $280.50-281.50 Calls*

*As always when we signal weekly options on a Friday we must insist that you NOT attempt any of these trades unless you are an advanced level trader with access to disposable funds! It is an extreme high risk/high reward undertaking!

Extended Watchlist:
AVGO, AKAO, DFRG, BIOS, MGTA, MARK, CLNC, EQBK

Blue Horseshoe Stocks: Interesting Bottom Play

Chaparral Energy, Inc. CHAP

We noticed CHAP on our routine morning scan today, and wanted to highlight the current situation for the stock as a potential longer-term swing trade idea. We are attracted to the setup of the chart, which is presently exhibiting a classic double bottom. At the start of the calendar year, CHAP came off of the same lows and surged nearly 100% to the $8-range.

We also want to relay the cause of CHAP’s recent analyst upgrade. The company report a slew of operational and financial highlights in its recent 10-K pertaining to the company’s 4th quarter and full year 2018 performance.

CHAP Q4/FY 2018 Highlights

Recorded 2018 full year STACK production of 14.5 thousand barrels of oil equivalent per day (MBoe/d), representing a 52% year-over-year increase
Achieved 2018 full year total company production of 20.5 MBoe/d
Reported full year 2018 net income of $33.4 million, or 73 cents per diluted share
Achieved full year 2018 adjusted EBITDA, as defined below, of $125 million
Grew 2018 total proved reserves to 94.8 million barrels of oil equivalent (MMBoe), which adjusted for 2018 divestitures marks a 35% year-over-year increase, and represents a PV-10 value of $686 million
- Increased STACK proved reserves by 50% year-over-year to 74.1 MMBoe, while replacing 519% of STACK production
Invested $194.7 million in STACK drilling and completion (D&C) activities in 2018
Reduced total company lease operating expense per barrel of oil equivalent (LOE/Boe) almost $4 from $10.96 in 2017 to $7.24 in 2018
Strengthened the balance sheet by issuing $300 million of unsecured senior notes and increasing the borrowing base to $325 million in 2018 (>>View Source)

We’re going to be very interested to track the stocks progress on the heels of these revelations, and fully expect to see a sustain rebound attempt in the relatively near future.

Fresh Options Ideas:
DG Weekly $115-113 Puts
DLTR Weekly $103-101 Puts

Extended Watchlist:
INNT, DTCI, ORDO, AKTX, PLUG,