Month: June 2019

Blue Horseshoe Stocks: AVGO Options Recap & More

Broadcom, Inc. AVGO – Recap

To close out the week on Friday, we took our usual approach in signaling some last-minute options ideas for possible daytrades. In this particular case, we were attracted to the AVGO Weekly $252.50-257.50 Calls, and we’re pleased to report total success on that front, with the help of an eleven-dollar swing from AVGO shares themselves.

All three of the contract sets contained within our designated range produced impressive gain opportunities on the day. The total possible profits for daytraders on each set were as follows: 

$252.50 Calls – Range: 7.95-13.65 – Max Gain: 72%
$255 Calls – Range: 6.14-11.00 – Max Gain: 95%
$257.50 Calls – Range: 2.70-8.00 – Max Gain: 196%
_____

FRESH OPTIONS IDEA: 

We’ll also formulate a new options idea to start off the week this morning. The market looks like it wants to turn around again today, so we’ll go ahead and slate the SPY 06/19 $289-290.50 Calls as our ones to watch.  


BOTTOM WATCHLIST:

We’ve also got a three pack of bottom plays with freshly reported earnings today. We’ll place all of the following on watch for possible rebounds this week.

Freds, Inc. FRED
FuelCell Energy, Inc. FCEL
Fang Holdings, Ltd. SFUN

Extended Watchlist:
ALTD, DLYT, XRF, BPMC, SHIP, ROX, CJ, NVUS, PES

Blue Horseshoe Stocks: EXCLUSIVE AMPG INTERVIEW

AmpliTech Group, Inc. AMPG

We’ve been keeping track of AMPG for ten weeks now, and not only did the stock make a run from .043 to .084 during that time, but it has managed to hold more than half of those gains upon consolidation, and has held firm in the .065-.075 area.

For a company that, for the time being, is rather small in size, AmpliTech has serviced some big accounts in both the government and private sectors. The company’s RF signal amplifiers are top of the line in terms of noise reduction effectiveness, and AMPG exhibited its wares at a recent high profile conference.

We were pleased to attend the 2019 International Microwave Symposium in Boston, Massachusetts last week, where we got the opportunity to sit down and conduct a face-to-face interview with Fawad Maqbool, the CEO of AmpliTech. We highly recommend that you take a few moments to check it out.


VIEW AMPG INTERVIEW NOW!

RH, Inc. RH – Recap

Our bearish options trading idea from yesterday’s report turned out to be our bigger winner for the day. We selected the  RH Weekly $120-118 Puts even after the company posted a solid beat on Q1 earnings and raised guidance.

It might have seemed like a counter-intuitive choice to some, but we had good reason. The stock was gapping up way too high in the premarket. We predicted that it would fall after the open, and it turned out to be the right hunch.

The following intraday gains were made possible by our idea:

RH Weekly $120-118 Puts
$120 Puts: 3.80-8.40 (+121%)
$119 Puts: 3.90-6.75 (+73%)
$118 Puts: 3.00-6.29 (+110%)

____

Fresh Options Idea:
AVGO Weekly $252.50-257.50 Calls

Important: DO NOT attempt to trade options contracts with a weekly expiration on a Friday unless you are an advanced level trader with access to disposable funds.

Extended Watchlist:
NVCN, NAKD, HUSA, ARQL, KURA, IGC, LGCY, FVPR

Blue Horseshoe Stocks: Solid Runners

SOLID RUNNERS

We tagged both INSY and HSGX in yesterday morning’s premarket report, and both stocks produced admirable runs on the day. 

INSYS Therapeutics, Inc. INSY just registered its lowest price ever earlier this week, and we thought it would be worth it to track as a potential bottom-bounce play. The return was instantaneous. INSY opened at a low of .32 before running as high as .74, which marks an intraday pop of 131%

There is still a huge gap to the topside on the chart, so we’ll definitely continue to monitor the activity on INSY in the days and weeks ahead.
_____

Histogenics Corp. HSGX was also a solid mover for us on the day yesterday. This stock has traded mostly flat for the whole of 2019 so far, but it looks like we tagged it as a bottom play at an opportune moment.

From a low of .24 it reached .32 for a respectable 33% gain, but this could just be the beginning. We’ll want to continue tracking this play as well.

_____

FRESH OPTIONS IDEAS: 
Lululemon Athletica LULU Weekly $177.50-182.50 Calls
Duluth Holdings, Inc. DLTH  08/16 $15-17.50 Calls
RH, Inc. RH Weekly $120-118 Puts 

Extended Watchlist:
SMRT, LTBR, NAKD, AMR, ADT, RRGB, YUMA