Blue Horseshoe Stocks

New Year, New Opportunities!

Options Reviews:

We hope everyone had a Happy New Year and a pleasant long weekend, and are all set to hit the ground running. We’re ready to give everything we’ve got to make 2023 every bit as exciting as 2022, and more! We’re going to kick things off this morning by going over the performances on a couple sets of longer-term options ideas we formulated a couple of weeks ago.

From our reports on December 20th and 22nd, respectively, we’ve been tracking the PLAY 01/20 $35-36 Calls and the PAYX 01/20 $115-120 Calls. The Paychex calls in particular have posted some serious multibag gains over that time span. With still more than two weeks remaining until their expiration, both sets of ideas have made pretty good headway indeed, posting the following moves and total possible profits so far:

PLAY 01/20 $35-36 Calls
$35: 1.03-1.85 (+80%)
$36: .72-1.27 (+76%)
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PAYX 01/20 $115-120 Calls
$115: .92-4.03 (+338%)
$120: .33-1.65 (+400%)

Fresh Options Ideas:
SPY 01/03 $383-384 Calls
TSLA Weekly $120-118 Puts

Silo Pharma, Inc. SILO – NASDAQ Recap:

We included SILO on our watchlist in Friday morning’s premarket report, and were pleased with the single session move it made from 4.64-6.56. That works out to an intraday rise of 41% which is a pretty respectable rip for a $4+ NASDAQ stock. Our extended watchlists typically contain a mix of both big board and OTC stocks.

Extended Watchlist:
DPLS, GDVM, CLNV, LGIQ, MGUY, SWVL, GRRR, CMMB, EVAX, RDHL, NVOS, JSPR, SRNE

Closing Out Another Great Trading Year, HAPPY 2023!

Today, we close the books on what has been another fantastic year of stock and options trading. 2022 came with its ups and downs, but we weathered all the storms and had plenty of days in the sun! The good far outweighed the bad, and we’re looking forward to more excitement in 2023! HERE’S WISHING A VERY HAPPY NEW YEAR TO YOU AND YOURS!

Cal-Maine Foods Inc. – Options Review:

This morning we’re very happy to submit our last 2022 entry with a bang, by relaying the excellent performance we got out of our single options idea in yesterday morning’s premarket report. We went bearish on CALM, and were instantly rewarded as the stock fell off of a cliff, despite a hot day for the markets as a whole.

Our targets of interest were the CALM 01/20 $60-57.50 Puts, and the multibag intraday profit chances they yielded were exceptional. Here are the intraday ranges and total possible gains they managed for us:

CALM 01/20 $60-57.50 Puts
$60: 1.85-7.30 (+295%)
$57.50: 1.25-5.30 (+324%)

Fresh Options Ideas:
AVY 01/20 $180-185 Calls
CSL 01/20 $240 Calls

Kala Pharmaceuticals, Inc. KALA – Recap:

We had just updated readers yesterday morning on KALA, which we included in Wednesday morning’s extended watchlist. The stock was surging in the premarket, and between the time of our alert at 9AM and the open, KALA hit an amazing new high of 45.70. From the 6.00 low we observed on Wednesday, that worked out to an overnight swing of 662%

Extended Watchlist:
KGKG, STRY, LGIQ, BMXI, SILO, PALI, SILO, TUEM, DRMA, EVAX, PKPH

Options, NASDAQ Reviews & Fresh Idea

HEICO Corporation HEI – Options Update:

This week has lived up to the stereotype of a typical holiday trading week between Christmas and the New Year. No one is reporting earnings, not much has been going on, and the opportunities have been much fewer and further between. Today we do have an update on a set of options contracts that we alerted on Tuesday of last week.

We signaled interest in the HEI 01/20 $150 Calls, and they have made a modest but respectable move for us over that time span.

HEI 01/20 $150 Calls
$150: 3.70-7.50 (+103%)

Fresh Options Idea:
CALM 01/20 $60-57.50 Puts

Kala Pharmaceuticals, Inc. KALA – Recap:

We had placed KALA on watch via yesterday morning’s extended watchlist. Our EW’s often consist of a mix of big board and OTC stocks. In this case, KALA trades on the upper exchange, and yet still managed to explode off of our list with a single-session multibag run yesterday. The stock ran from a low of 6.00 yesterday and has now touched 19.73 in premarket trading today, marking a total rise of 229%

Extended Watchlist:
OTIC, BXRX, QTNT, FRGT, ELYS, ARDX, GMBL, NUWE,

OTC Recaps, Fresh Options Idea

STRY and GTII Continue to Break Out:

Today we wanted to come back to STRY and GTII, two of the OTC plays that we featured in yesterday morning’s report, for a couple of reasons. Firstly, while the ranges we gave for their prior movements were correct, the percentages were not as they were listed. The proper figures were 103%, and 62%, respectively.

That being said, we are happy to report that both of those stocks added new gains yesterday, pushing our observed highs higher, which are correct this time, and you will find below. Even if you weren’t already tracking and into one of these plays, there were still single-session opportunities available. STRY’s daily range was .026-.059 (+127%) and GTII posted a jump from 1.20-1.85 (+54%). Our total witnessed runs since the dates mentioned below are as follows:

Starry Group Holding, Inc. STRY
Alerted: December 20th
Range: .0165-.059 (+258%)
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Global Tech Industries Group, Inc. GTII
Alerted: December 22nd
Range: .74-1.85 (+150%)

Options Ideas:
ICFI 01/20 $95-105 Calls

Extended Watchlist:
CRTD, RLFTF, LEAS, NXTTF, KALA, LUCY, JNCE, UTRS, UNCY

Kicking Off the First of Two Short Trading Weeks

Dave & Busters Entertainment, Inc. PLAY – Options Review:

We just had a single solitary options idea that we formulated for Friday morning’s premarket report, in the Dave & Busters chain, the PLAY 01/20 $35-37 Calls. We’ve got an update on this morning to start off this short week, which we expect to be rather laid back, if prior years are any indicator.

There weren’t any other interesting earnings reporters going out on the day, but we managed to eke out some decent gains. We’re going without earnings once again today, but we’ve got some increased activity in the OTC as you’ll read about below.

PLAY 01/20 $35-37 Calls
$35: 1.03-1.85 (+80%)
$36: .72-1.27 (+76%)
$37: .60-.81 (+35%)

More OTC Recaps:

We tend to lean more heavily on the OTC toward the end of the year, when penny stocks typically heat up compared to the larger markets. Not many large companies are reporting earnings at the moment, and OTC tax loss selling can hammer a lot of these stocks down. That, in turn, causes a wave of opportunistic traders like ourselves to swoop in and accumulate cheap shares. The net result is a heightened landscape of possibility for many over the counter stocks.

Below, we’ve got a group of OTC plays we’ve been tracking in recent reports that posted some new highs on an otherwise mundane Friday. We last alerted STRY and BIEI on the 20th, and GTII just a couple of days later. Here were the updated figures on the total ranges and possible gain opportunities as we closed out the trading week:

Starry Group Holding, Inc. STRY
Alerted: December 20th
Range: .0165-.0335 (+103%)
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Premier Biomedical Inc. BIEI
Alerted: December 20th
Range: .0031-.006 (+99%)
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Global Tech Industries Group, Inc. GTII
Alerted: December 22nd
Range: .74-1.20 (+62%)

Extended Watchlist:
ICNM, OTTV, CYDY, CLOW, DBMM, HIRU, BWLKF, APE, ATNF, HTGM, NEPT, CEI, GMTX