Blue Horseshoe Stocks

Fresh Earnings Related Options Ideas & More

SPY Rips, INTU Calls Push New highs:

We weathered the final day without big-name earnings reporters in the best way we know how yesterday. By focusing on the overall market trend and playing the SPY. We offered some longer term ideas as well, but the SPY Calls were the main event for our premarket report.

In addition to our quick-strike targets in the , we also saw some incredible new highs from the SPY 07/12 $443-445 Calls, which we had just given an update on the INTU Weekly $460-465 Calls, in yesterday’s report. Those calls recorded some incredible new highs on the day. Here’s how those targets performed during Wednesday’s session:

SPY 07/12 $443-445 Calls
$443: 2.14-3.75 (+75%)
$444: 1.35-2.76 (+104%)
$445: .73-1.79 (+145%)
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INTU Weekly $460-465 Calls
$460: 4.00-18.30 (+357%)
$462.50: 3.30-16.00 (+385%)
$465: 4.00-13.60 (+240%)

Fresh Options Ideas:
DAL Weekly $49-50 Calls
PEP Weekly $185-187.50 Calls

Extended Watchlist:
BGLC, IMHC, JZXN, SNAL, SXTP, VINE, AIGS, QNCX

Tuesday’s Perfect Performance, Fresh Plays

A Perfect Day for Options:

After an admittedly disappointing outing on Monday, we bounced back yesterday morning with a vengeance. We gathered ourselves quickly and issued four new potential trading ideas in our premarket report, and were not displeased with the results. We got right back to our winning ways, as all four of our designated targets recorded nice intraday moves for us.

Our new interests were the SPY 07/11 $439-441 Calls, the INTU Weekly $460-465 Calls, the WDFC 07/21 $200-210 Calls, and the PSMT 07/21 $75 Puts. The gain chances they afforded us ranged from pretty darn good, to astounding, as you can see below:

SPY 07/11 $439-441 Calls
$439: 1.06-3.83 (+261%)
$440: .56-2.95 (+426%)
$441: .16-1.95 (+1118%)
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INTU Weekly $460-465 Calls
$460: 4.00-7.10 (+78%)
$462.50: 3.30-6.30 (+91%)
$465: 4.00-4.70 (+18%)
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WDFC 07/21 $200-210 Calls
$200: 8.40-32.46 (+286%)
$210: 3.20-26.10 (+715%)
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PSMT 07/21 $75 Puts
$75: .16-.80 (+400%)

Fresh Options Ideas:

After today, the barren earnings landscape will begin to fill in, with big-name reporters beginning to return tomorrow and Friday. By next week we’ll be absolutely swimming in earnings-related ideas. Today, we’ll just signal some SPY Calls, and a few longer-term possibilities based on chart setups and insider trades.

SPY 07/12 $443-445 Calls*
NTGR 08/18 $15 Calls
EDU 08/11 $43 Puts
ATI 08/18 $45 Puts

*Trading options contracts on their day of expiration should only be attempted by experienced traders

Extended Watchlist:
HCTI, AULT, CVKD, RXRX, AVRO, ARDS, ELOX, BNMV, IDXG

Recent Options Movers & More

Recent Runners:

With no earnings plays to work with, it was a pretty rough outing yesterday to kick off the week. We didn’t see immediate chances for returns on the few options ideas we selected, leaving us in anticipation of another earnings season to begin its return next week. We’ll keep the plays we highlighted yesterday on the radar as always, but for this morning’s report, we’ll just focus on some other longer-term ideas we recently formulated, and the progress they’ve managed since then.

We flagged the EVGO 08/18 $4-5 Calls last Monday the 3rd, and the SNOW 08/04 $170-165 Puts we signaled on Friday morning, and have seen some reasonably solid swings from them.

EVGO 08/18 $4-5 Calls
$4: 1.40-2.39 (+95%)
$5: .04-.10 (+150%)
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SNOW 08/04 $170-165 Puts
$170: 6.98-12.52 (+79%)
$165: 5.19-9.70 (+87%)

Fresh Options Ideas:
SPY 07/11 $439-441 Calls*
INTU Weekly $460-465 Calls
WDFC 07/21 $200-210 Calls
PSMT 07/21 $75 Puts

*Trading options contracts on their day of expiration should only be attempted by experienced traders

T2 Biosystems, Inc. (NASDAQ:TTOO)

We’ve also seen quite an impressive multibag run from TTOO, which we began tracking in our report from the morning of June 22nd. Over these past few weeks we’ve witnessed the stock rise from a low of .066 to as much as .1894 in the premarket this morning. That works out to a gain of 187%

Extended Watchlist:
GDTC, DFLI, BTTX, CING, CRKN, ABOS, TCBP, NSAV, CAVR

Friday Recap, Fresh Options Ideas

Friday’s Movers:

We got along quite well as we closed out the short trading week on Friday with a slate of four possible options plays, and saw gains ranging from good to great in three of those four targets. The markets got off to a bullish start, and after lunch hour, reversed track and fell into the close. That provided plenty of intraday activity to facilitate some very nice upswings in our daily targets.

We had the BABA Weekly $85-87 Calls, the RIVN Weekly $21.50-22.50 Calls, and the LEVI 07/21 $14-13 Puts all come through with the following intraday runs:

BABA Weekly $85-87 Calls
$85: 1.60-6.50 (+306%)
$86: .99-5.50 (+456%)
$87: .57-4.55 (+698%)
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RIVN Weekly $21.50-22.50 Calls
$21.50: 1.21-4.10 (+239%)
$22: .84-3.60 (+328%)
$22.50: .55-3.00 (+445%)
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LEVI 07/21 $14-13 Puts
$14: .55-.91 (+65%)
$13: .15-.25 (+67%)

Fresh Options Ideas:
HELE Weekly $121-124 Calls
LIN 07/21 $360-370 Calls
PLCE 08/18 $25 Calls

Gorilla Technology Group Inc. (NASDAQ:GRRR)

We also saw a decent intraday move out of GRRR, which we tagged in Friday’s extended watchlist. The stock ran from a low of 3.39 on up to a daily high of 5.79 which represented a rise of 71% on the day.

Extended Watchlist:
MOB, TTOO, NBTX, ALPP, GOEV, BANL, GTII, BDPT, QIND

Wrapping Up the Short Trading Week with New Ideas

Options Reviews:

In an extremely rare occurrence, neither of the targets we were looking at in yesterday’s report turned in worthwhile performances on the day. We really can’t recall the last time that happened, if ever, but as we always say, nobody can win them all. Instead of reviewing those, we have updates on a handful of longer term plays that we’ve recently flagged.

We initially selected the PDCO 07/21 $31-33 Calls in our report on June 21st, the KBH 07/21 $50 Puts in the following day’s report, and the PAYX 07/21 $110-115 Calls on the morning of June 29th. Here are the figures on the upswings and new highs we’ve seen from these plays this week.

PDCO 07/21 $31-33 Calls
$31: .15-2.35 (+1467%)
$32: .10-1.50 (+1400%)
$33: .15-.85 (+467%)
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KBH 07/21 $50 Puts
$50: .08-2.05 (+2462%)
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PAYX 07/21 $110-115 Calls
$110: 1.76-4.40 (+150%)
$115: .30-1.17 (+290%)

Fresh Options Ideas:
BABA Weekly $85-87 Calls*
RIVN Weekly $21.50-22.50 Calls*
LEVI 07/21 $14-13 Puts
SNOW 08/04 $170-165 Puts

*Trading options contracts on their day of expiration should only be attempted by experienced traders

Extended Watchlist:
GRRR, PWM, TTOO, ZVSA, TOP, CSTL, BJDX, NUZE, ECGR