Blue Horseshoe Stocks

Earnings Related Ideas & More

Academy Sports and Outdoors, Inc. ASO – Recap:

We began tracking the ASO 06/18 $35-40 Calls a week ago today, in our premarket report on the 8th. Over the five ensuing sessions, the stock managed to achieve higher highs each day.

That momentum provided for some reasonably impressive multi-bag swings in our targeted contract sets:

ASO 06/18 $35-40 Calls
$35: 3.10-6.95 (+124%)
$40: .80-2.32 (+190%)

The company will also be holding a conference call today at 10:15 AM Eastern featuring Chairman/President/CEO Ken Hicks, along with other board members and executives. A link will be up on https://investors.academy.com at the designated time.

Fresh Options Ideas:
ORCL Weekly $82-83 Calls
EH Weekly $40-45 Calls

PHI Group, Inc. PHIL – Recap:

Also in that same June 8th report, we tagged PHIL, a subpenny play that underwent a nice dip-and-rip and ran right into penny territory.

From a low of .0055, we’ve witnessed the stock make a run to its new high of .015 yesterday. That works out to a highly respectable run of 173% Volume over the same period has been greatly increased as well, so we’ll continue to keep an eye peeled for continued momentum.

Extended Watchlist:
BSSP, EFIR, RGGI, GTEH, MJWL, RSHN, GSAC, VMCS, TRCH, CLSD, CANF, OPGN

New SPY Highs, Fresh Ideas

Record SPY Performance Drives Gainers:

Here we are kicking off yet another trading week filled with moneymaking possibilities! Last week was impeccable in terms of the accuracy of our options ideas. A vast majority of the targets we’ve been establishing daily have posted gains ranging from fair to eye-opening.

Friday morning’s premarket report was no exception. In fact, thanks to the SPY hitting fresh all time highs, one of those gainers was among the best we’ve unearthed so far in the month of June. Our targets were the SPY 06/11 $422.50-424 Calls and the PLAY Weekly $45-46.50 Calls. The PLAY calls made respectable runs early on in the session, while the SPY delivered a huge day, including a 2100% intraday runner!

Here’s the rundown of the ranges and total possible profits off of those plays:

SPY 06/11 $422.50-424 Calls
$422.50: .48-1.94 (+304%)
$423: .34-1.43 (+321%)
$424: .02-.44 (+2100%)
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PLAY Weekly $45-46.50 Calls
$45: 1.36-2.85 (+110%)
$45.50: 1.31-2.61 (+99%)
$46: .87-2.00 (+130%)
$46.50: .61-1.55 (+154%)
_____

Fresh Options Ideas:
KDP Weekly $35-37 Calls
TRIP Weekly $43-44 Calls

Extended Watchlist:
APTY, FBCD, MSPC, IFAN, DPLS, ENOB, MDIA, CRSR, ETTX, LKCO

Another Flawless Day for Options

Thursday’s Options Recap:

We try extremely hard to bring quality content to our free newsletters each and every trading day, and while some are better than others in terms of our accuracy, it’s always nice to be able to report another perfect run!

We offered up two quick-hit options trading ideas in yesterday morning’s premarket report, the SIG Weekly $64-66 Calls, and the RH Weekly $657.50-665 Calls, and we saw some very nice intraday moves and profit potential as a result. Here are the daily figures on those targets:

SIG Weekly $64-66 Calls
$64: 3.73-6.30 (+69%)
$64.50: 2.84-5.72 (+101%)
$65: 2.72-8.91 (+228%)
$65.50: 1.99-4.50 (+126%)
$66: 1.40-3.81 (+172%)
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RH Weekly $657.50-665 Calls
$657.50: 39.60-56.20 (+42%)
$660: 27.50-52.18 (+90%)
$662.50: 26.82-49.80 (+86%)
$665: 24.20-45.40 (+88%)
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Fresh Options Ideas:
SPY 06/11 $422.50-424 Calls*
PLAY Weekly $45-46.50 Calls*

*Please be advised that trading ‘weekly’ options contracts on a Friday carries an elevated risk, and should only be attempted by seasoned traders!

Extended Watchlist:
ASAN, GOFF, GVSI, APTY, RGBP, SGMD, ATAO, SFPI, PBYA, AMST, NOVN, GBS, GRAY, PGEN

Options Runners & More

More Earnings Hits:

Our impressive run of options success continued with the fresh ideas we included in yesterday’s premarket report. We were feeling bearish about Campbell’s and United Foods following their quarterly earnings reports, and our instincts proved to be well founded.

Our targets were the CPB Weekly $48-46 Puts, and the UNFI 06/18 $40-35 Puts, and in both cases, we witnessed some very nice intraday moves in our targeted ranges.

CPB Weekly $48-46 Puts
$48: 1.11-2.14 (+93%)
$47.50: .70-1.86 (+166%)
$47: .35-1.35 (+286%)
$46.50: .25-.87 (+248%)
$46: .12-.46 (+283%)
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UNFI 06/18 $40-35 Puts
$40: 5.90-7.99 (+35%)
$35: 1.03-3.44 (+234%)
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Fresh Options Ideas:
SIG Weekly $64-66 Calls
RH Weekly $657.50-665 Calls

Majic Wheels Corp. MJWL – Update:

We have been tracking MJWL for some time now, with our initial tag coming in on the morning of May 13th. Subsequent to that report just a shade under a month ago, the stock changed hands for as little as .0094.

Toward the end of May and into this month MJWL has been streaking to new highs, yesterday reaching its best mark yet at .0791. That’s a total increase of 741% in just a short time. Even those who had only caught our tag of MJWL this Monday morning, still had a shot at some nice gains. Monday’s low came in at .0453, which as of yesterday’s new high marked a three-day upswing of 75%

Extended Watchlist:
ZIVO, MDLY, OSAT, XIN, GOFF, PSWW, CZNI, PHIL, VXIT

Interesting Technical Setups & More

Yesterday’s Earnings Plays:

Two of our fresh options plays for yesterday’s report were weekly calls, and despite a mixed session for the markets as a whole, they experienced appreciable intraday moves. The activity in the MRVL Weekly $49-51 Calls and the SFIX Weekly $61.50-65 Calls didn’t blow the lid off of anything, but we did witness some highly respectable gain opportunities.

MRVL Weekly $49-51 Calls
$49: 1.06-1.92 (+81%)
$50: .62-1.23 (+98%)
$51: .34-.68 (+100%)
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SFIX Weekly $61.50-65 Calls
$61.50: 3.65-5.54 (+52%)
$62: 3.35-5.48 (+64%)
$62.50: 3.13-4.80 (+53%)
$63: 2.84-4.72 (+66%)
$65: 1.91-3.45 (+81%)
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Fresh Options Ideas:
CPB Weekly $48-46 Puts
UNFI 06/18 $40-35 Puts

Interesting Chart Plays:

Also catching our eye this morning are a couple of interesting chart setups in FibroGen, Inc. FGEN and Fastly, Inc. FSLY, and in both cases we will be watching the stocks as well as some potential options ideas.

In the case of FGEN, there are a couple of large gaps to fill to the upside, and over the past couple of sessions the stock has given indication that it may be about to do so. We’re going to be tagging the FGEN 07/16 $27.50-30 Calls for observation.

On FSLY, the gap-fill has occurred this week and the PPS is now on the verge of breaking past the 50DMA with its considerable momentum. We’ll radar the FSLY 06/25 $61-63 Calls.

Extended Watchlist:
SRNW, JPEX, STHC, TTSI, ECMH, PLPL, NUVI, DCAC, CKPT, SPI, CLVS, AEHL, OEG