Blue Horseshoe Stocks

Big Name Earnings Plays & More

PureCycle Technologies Inc. PCT – Update:

We entered a longer-term recovery idea for the PCT options chain in yesterday morning’s premarket report on a purely technical basis, and it provided instant results.

It was exhibiting most of the classic signals we look for in a potential rebound play. Coming off of recently established lows, a MACD converging toward a bullish cross, a heavily oversold yet rapidly strengthening RSI, and a massive gap on the chart to the upside. You can see all of these indicators on the chart snapshot below.

We’ll continue to look for signs that PCT may continue the current trend off of last week’s lows which represented the lowest PPS for the stock in roughly 7 months. Here are the intraday gains made by our targeted options contract sets yesterday:

PCT 08/20 $15-17.50 Calls
$15: 1.88-2.80 (+49%)
$17.50: 1.25-2.10 (+68%)
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Fresh Options Ideas:
BIDU Weekly $192.50-197.50 Calls
WMT Weekly $142-145 Calls
HD Weekly $322.50-327.50 Calls

Nutranomics, Inc. NNRX – Recap:

We flagged NNRX in yesterday morning’s extended watchlist, which most often contains the majority of the OTC stocks we’re tracking on any given day, and the stock did end up putting forth a solid intraday performance.

It ran from a low of .0014 and went as high as .0033, which marks a daily push of 136%, and it occurred on volume of over three times the 30-day moving average.

Extended Watchlist:
APYP, MNGG, RGBP, BYRG, RETC, VMCS, ZONX, WRFX, EEGI

Runners, Runners, Everywhere!

Options Review:

We played the SPY from both sides of the fence last week as the markets chopped up and down over the course of some rather volatile sessions. On Friday morning, we flipped from bears to bulls and cast our lot in with the SPY 05/14 $411-412.50 Calls.

Additionally, a couple of our other targets, the DASH Weekly $122-125 Calls and the PBR Weekly $9-9.50 Calls, produced some impressive intraday rallies that gave traders the chance at the following gains:

SPY 05/14 $411-412.50 Calls
$411: 2.56-6.48 (+153%)
$412: 1.91-5.58 (+192%)
$412.50: 1.59-5.00 (+214%)
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DASH Weekly $122-125 Calls
$122: 3.82-22.50 (+490%)
$123: 2.94-22.47 (+664%)
$124: 2.59-21.50 (+7300%)
$125: 1.80-20.00 (+1011%)
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PBR Weekly $9-9.50 Calls
$9: .37-.71 (+110%)
$9.50: .09-.22 (+144%)

Fresh Options Ideas:
PCT 08/20 $15-17.50 Calls
PRPL Weekly $30-35 Calls

OTC Runners:

Friday was a big day for many of the OTC stocks we’ve been actively tracking of late. These four examples which have appeared in our reports over the last few weeks all set new highs for us on Friday.

Eline Entertainment Group, Inc. EEGI
First Alert: 04/26
Subsequent Range: .0005-.0055
Total Possible Gain:+1000%
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Spooz, Inc. SPZI
First Alert: 05/07
Subsequent Range: .0012-.0038
Total Possible Gain: +217%
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Genesis Electronics Group, Inc. GEGI
First Alert: 05/14
Subsequent Range: .0036-.0072
Total Possible Gain:+100%
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Buyer Group International, Inc. BYRG
First Alert: 05/14
Subsequent Range: .0044-.0074
Total Possible Gain:+68%

Extended Watchlist:
VDRM, VYGVF, EGOC, NWGC, CCTL, MDCN, BCAP, NNRX

Explosive Gains in the YETI Chain & More

More SPY Updates:

In yesterday morning’s premarket report, we mentioned that we felt the markets were due for a reversal off of the bearish trend they had established up to that point. After tracking some very nice gains in SPY Puts over that span, we flip-flopped and targeted some SPY Calls fresh for yesterday’s report.

Those were the SPY 05/14 $406-407.50 Calls and they produced considerable intraday movement that could have been seized upon by anyone who caught our alert. Here are the double-bag moves and total possible gains that were on the table there:

SPY 05/14 $406-407.50 Calls.
$406: 3.32-6.70 (+102%)
$407: 2.76-5.82 (+111%)
$407.50: 2.46-5.40 (+120%)

We also want to roll up to the SPY 05/14 $411-412.50 Calls* for today’s session.

YETI Holdings Inc. YETI

We also formulated some ideas for the YETI chain that recorded some simply earth-shattering gains on the day yesterday. The was the star idea of our daily report, yielding some truly fantastic gain opportunities for ourselves and our readers.

Uncovering gainers of such magnitude is a common occurrence on our newsletters and website (BlueHorseshoeStocks.com), and still, every time it happens it produces a similar feeling of exhilaration! Here were the absolutely massive intraday runs logged by those calls.

YETI Weekly $83-85 Calls
$83: .48-3.10 (+546%)
$84: .05-2.50 (+4900%)
$85: .10-1.87 (+1770%)

Fresh Options Ideas:
COIN Weekly $270-277.50 Calls*
DASH Weekly $122-125 Calls*
FTCH 05/21 $35-40 Calls
PBR Weekly $9-9.50 Calls*

*Please remember that trading options on their day of expiration should only be attempted by advanced level traders with access to disposable funds!

Extended Watchlist:
GGII, TAWNF, ICBU, PMBY, BYRG, MTVX, SDVI, SVSN, GEGI, EEGI

Quick-Strike SPY Gains & More

SPY Puts Tack on More Gains:

On Tuesday morning, a couple days into this week’s persistent market selloff, we signaled some SPY Puts which we talked about in yesterday’s report. The SPY 05/12 $415-413 Puts had already produced multibag runs, but yesterday’s grim day for stocks helped produce further activity in our bearish contracts of interest.

Here are the new highs established by those plays during yesterday’s session, and the total moves we’ve witnessed since our alert on Tuesday morning:

SPY 05/12 $415-413 Puts
$415: 1.99-10.04 (+404%)
$414: 1.66-9.11 (+448%)
$413: 1.33-8.45 (+535%)

Fresh SPY Idea: With good jobs figures and a number of other factors, we think today may be the day that the markets shake the rust off, so we’re going to hop over to the other side of the fence and go bullish with the SPY 05/14 $406-407.50 Calls.

Unity Software, Inc. U – Recap

We also had signaled a range of earnings plays yesterday in the premarket, and it was the
U 05/21 $85-90 Calls that most effectively bucked the trend of the day.

Those targets didn’t produce massive eye-popping gains on the session, but they did record these very respectable intraday runs and gain possibilities:

U 05/21 $85-90 Calls
$85: 2.20-4.09 (+86%)
$90: 1.05-2.24 (+113%)
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Fresh Options Ideas:
XPEV Weekly $25-27 Calls
YETI Weekly $83-85 Calls

Extended Watchlist:
GOFF, QNTA, OPTI, EEGI, RSHN, MJWL, WSGF, USEI, TCHC, MLHC

Bears and Bulls on the Run

Diverse Options Picks Produce:

In yesterday morning’s premarket report, we took an interest in options ideas both bearish and bullish. Things looked choppy for the markets in general, so we took a shot with the SPY 05/12 $415-413 Puts, which produced considerable multibag runs roughly 90 minutes into the session.

We also called attention to the RBLX Weekly $63-64 Calls on the heels of the company’s earnings report, which dropped with a beat on revenue and solid user growth figures. That created the opportunity for the intraday move posted in those contracts.

The total possible daily profits that could have been seized with those ideas were as follows:

SPY 05/12 $415-413 Puts
$415: 1.99-5.77 (+190%)
$414: 1.66-4.98 (+200%)
$413: 1.33-4.29 (+223%)
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RBLX Weekly $63-64 Calls
$63: 3.70-12.42 (+236%)
$63.50: 3.55-12.50 (+252%)
$64: 2.21-13.70 (+544%)

Fresh Options Ideas:
UPST 05/21 $110-120 Calls
OPEN 05/21 $17.50 Calls
U 05/21 $85-90 Calls

Thai Airways International Public Co. Ltd. TAWNF – OTC Recap:

Yesterday, TAWNF demonstrated the importance of laying out our daily extended watchlists on your own viewscreens. There is almost always a clear standout, and we have been uncovering quite a few prime OTC plays in this manner.

The stock identified itself as the best of the bunch yesterday with a run up from its session low of .105 and hit .329. That marked an intraday rip of 213% on the highest daily volume ever recorded in the stock.

Extended Watchlist:
EEGI, FBCD, NSPT, QNTA, AZFL, PLPL, ICNM, SDVI