Blue Horseshoe Stocks: Friday Wrap-Up

Wrapping Up a Solid Week

Once again, we’ll turn in our cards for the week with multiple multi-bag winners. Our quick-strike options ideas are second to none. We’d invite anyone who disputes that to point us to a better options newsletter!

We’ve been running with FDX and MU since Wednesday morning’s premarket report. We had already seen gains in the 500% range on FDX and the 100-200% range on MU that day.

We continued to monitor the FDX calls, as well as roll up to a higher strike price on MU for yesterday’s session. Once again we met with great success. So, first thing this morning, we want to take a look at the updated figures of the total possible gains on these plays.

FedEx Corp. FDX
–  Weekly $157.50-160 Calls.

$157.50 Calls – Range: .59-6.60 – Max Gain: 1017%
$160 Calls – Range: .35-4.40 – Max Gain: 1157%
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Micron Technology, Inc. MU –  Weekly $37 Calls.

$37 Calls – Range: .31-1.39 – Max Gain: 348%

We’re going to roll up on MU once again to stay close to the action, and will be tracking the $38-38.50 Calls as we close out out another great week for options trading. Just remember, never trade options with a weekly expiration on Friday unless you’re an expert level trader with access to disposable funds!
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More Fresh Options Ideas
STZ Weekly $197.50-202.50 Calls
SPY Weekly $292 Calls


J.Jill, Inc. JILL

We also wanted to provide a quick update on a stock we tagged for observation a couple of weeks back on the 12th. JILL had been building a solid base and moving up slowly since then, up until yesterday when it really kicked things into another gear.

We observed a low of 1.54 subsequent to our initial alert, and yesterday’s new high came in at 2.29, marking an upswing of 49%


Extended Watchlist:
DMPI, FRSX, CUR, AREX,  RAD, NAK, PSN, ACST, PHUN, OBLN, CJJD, NAKD, HAIR, JAGX, ATAI

Blue Horseshoe Stocks: More Options Ideas

Options Updates 

We issued a pair of options ideas in yesterday morning’s premarket report. Despite a difficult day for the markets, which surged early but fell for the remainder of the session, we were pleased at the gain opportunities offered up by the contracts we were tracking.

Both stocks bucked the market trend and closed well in the green, providing ourselves and our readers the chance at the following intraday profits:

FedEx Corp. FDX-  Weekly $157.50-160 Calls.

$157.50 Calls – Range: .59-4.00 – Max Gain: 578%
$160 Calls – Range: .35-2.20 – Max Gain: 528%
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Micron Technology, Inc. MU –  Weekly $35-36.50 Calls.

$35 Calls – Range: 1.10-2.68 – Max Gain: 144%
$35.50 Calls – Range: .75-2.20 – Max Gain: 193%
$36 Calls – Range: .60-1.82 – Max Gain: 203%
$36.50 Calls – Range: .50-1.40 – Max Gain: 180%

In the case of MU, we are going to be looking to roll up our strike prices to include $37 Calls.
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Fresh Earnings Related Ideas

Out of a decent group of companies with untraded-upon earnings this morning, we find KBH and WBA to be the most attractive candidates for us to formulate some fresh options ideas.

KB Home KBH 07/19 $26-27 Calls
Walgreens Boots Alliance WBA Weekly $53.50-55 Calls


Extended Watchlist:
NVCN, NBY, DOVA, FCEL, YRIV, NAKD, LTHM, ROAN, NBY

Blue Horseshoe Stocks: Post-Earnings Options Plays

Energizer Holdings, Inc. ENR 

We’ve been seeking out prime bottom play opportunities this week, and to continue that trend, we’ve run across Energizer this morning on the heels of the stock registering a new annual low yesterday.

In conjunction with the fact that Deutsche Bank just upgraded ENR from a Hold to a Buy rating with a price target of $52/share (trading in the $37-range yesterday), along with indicators that the stock is heavily oversold, and we are confident in calling this one a prime bottom play candidate as well.


Fresh Options Plays 

We also have a pair of fresh earnings-related options ideas to pass along this morning. Post-earnings plays are typically our miost successful, and we’ve got a couple of good hunches about the following contracts as we cruise through this midweek. 

FedEx Corp. FDX –  Already in a good spot on the chart for a possible rebound leading into today’s session with a strong double-bottom setup, we’re looking to FDX options as FedEx’s Q4 results yielded a profits and earnings beat. As a result, we’re going to be tracking the FDX Weekly $157.50-60 Calls.

Micron Technology, Inc. MU – We are also looking at MU, which reported in the post-market yesterday as well, posting a beat on Q3 earnings, and bolstered guidance for sales of computer memory chips. Like the above mentioned play, MU is giving off a heavy multi-bottom signal. In this case we are interested in monitoring the MU Weekly $35-36.50 Calls.


Extended Watchlist:
AMR, SNX, VTVT, FCEL, PBF, APTX, FPAY, PES, TLGT, RIOT