Blue Horseshoe Stocks

Form-4 Alert & More

Options Update

Following up with our fresh options ideas from yesterday morning’s premarket report, we already saw some nice moves in the SPY Weekly $324-325 Calls and the AAPL 10/09 $105-106 Calls and, chances are, we are going to see some further increases today as well.

Here is what they’ve managed so far, and take note that we also want to add the AAPL 10/09 $110 Calls into the mix as well.

SPY Weekly $324-325 Calls
$324: 3.17-5.96 (+88%)
$325: 2.71-5.26 (+94%)
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AAPL 10/09 $105-106 Calls
$105: 4.25-8.07 (+90%)
$106: 4.00-7.45 (+86%)
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Fresh Options Ideas:
AZO Weekly $12.25 Calls

89Bio, Inc. ETNB

We are going to place ENTB on a bottom watch today after noticing a large Form-4 purchase toward the end of last week. A company director picked up an additional 1.3M shares at $28. Right now ENTB in trading in the $25-range.

This is an example of the kind of play we put on a longer term watch, despite most of our ideas being based on quick-strike opportunities.

Extended Watchlist:
ALYI, VNTH, GRST, HIRU, NPHC, JADA

Key Options Winners

Options Review

Good day traders, we’re kicking off another exciting week of speculation, but first we want to report back on the potential gains from the group of varied options ideas we included in Friday morning’s premarket report.

Those ideas included potential strikes in the BYND, BA, and MSFT options chains, and we saw some nice moves from our bearish and bullish targets alike. Here’s the rundown of what worked, and how well:

BYND Weekly $150-149 Puts
$150: 1.03-4.00 (+288%)
$149: .81-3.00 (+270%)
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BA Weekly $167.50 Calls
$167.50: .82-3.70 (+351%)
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MSFT Weekly $202.50-205
$202.50: 1.95-3.15 (+62%)
$205: 1.33-2.30 (+73%)
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Fresh Options Ideas:
SPY Weekly $324-325 Calls
AAPL 10/09 $105-106 Calls

iBio, Inc. IBIO

We have identified an attractive chart setup on IBIO, a stock we have had some experience with in the past.

Coming off of a recent bottom, there’s a good amount of room for the stock to run, so we’re going to place it on watch as a possible longer-term recovery play.

Extended Watchlist:
NXMR, HDII, RAFA, MSSV, MTPP, NMTC

Multiple Fresh Options Plays

Options Review

Our primary focus in yesterday’s report was on a few sets of bearish options ideas, and with the markets indeed tacking on losses, we were able to witness some pretty solid intraday gain opportunities. We were looking at the chains the SPY, AAPL, and NKE, and in each case, our interests exhibited big moves.

Here’s a rundown of the single session gain possibilities we observed in those various targets:

SPY Weekly $335-333 Puts
$340: 1.70-4.62 (+172%)
$341: 1.37-4.00 (+192%)
$342: 1.14-3.44 (+202%)
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AAPL Weekly $111.25-108.75 Puts
$340: 1.09-2.85 (+161%)
$341: .70-2.10 (+200%)
$342: .45-1.47 (+3372%)
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NKE Weekly $118-117 Puts
$118: 3.90-5.09 (+31%)
$117: 3.28-4.70 (+43%)

Fresh Options Ideas:

BYND Weekly $150-149 Puts
BA Weekly $167.50 & 10/02 $175 Calls
MSFT Weekly $202.50-205 & 10/02 $210-215 Calls

Extended Watchlist:
TOMI, SOLS, SSOF, ATVK, FHBC, GHHC

Bearish Options Ideas

FedEx Corp. FDX – Options Review

Despite having signaled our options idea FDX on Tuesday morning, it was a postmarket drop, thus, leading into yesterday’s session, the earnings were still untraded upon. We reminded readers yesterday morning to look out for what we expected to be a solid performance, and we were not wrong.

Our sole target, the FDX Weekly $237.50 Calls ran from a low of 7.95 all the way up to 19.00 for us, which mean our idea has been good for a gain of up to 139% to this point.

Options Ideas With the markets flailing and looking to be set up for a lackluster day, we are going to open things up today and track a few sets of bearish options ideas for the SPY, AAPL, and NKE chains.

SPY Weekly $335-333 Puts
AAPL Weekly $111.25-108.75 Puts
NKE Weekly $118-117 Puts

Extended Watchlist:
PPCB, VNUE, TSOI, CLHI, HENC, CETY

Options Updates & More

Adobe, Inc. ADBE – Options Update

Yesterday morning we signaled a couple of options plays in ADBE and FDX, with both companies reporting their quarterly earnings in the post-market. While we didn’t get much action from FDX in the run-up to earnings, ADBE began to perform. Noth sets of targets should be of interest today.

We expect to see some positive activity right from the outset today, as those untraded upon beats will surely factor in. Stay tuned tomorrow for an update on those upcoming performances. For now, here are the initial moves that ADBE started off with in yesterday’s session.

ADBE Weekly $490-495 Calls
$490: 18.00-22.75 (+26%)
$492.50: 17.77-21.55 (+21%)
$495: 16.44-20.30 (+23%)
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SPDR S&P500 (ETF) SPY – Recap

We also signaled a range of SPY Calls to watch yesterday, and despite a general downtrend for the markets at large, we did see some notable moves in those contracts, which will expire at the end of the session today.

SPY 09/16 $340-342 Calls
$340: 1.39-2.16 (+55%)
$341: .98-1.59 (+62%)
$342: .67-1.15 (+72%)

Giga Metals Corp. HNCKF

On Monday morning we signaled interest in HNCKF via our extended watchlist, and we wanted to report back on the two day performance we’ve seen from that stock so far this week. From a low of 1.05 we witnessed a high of 1.59 yesterday, marking a respectable move of 51%

Extended Watchlist:
FBVD, GRNF, SBFM, HPTY