Blue Horseshoe Stocks

New Highs on KNOS, Options Idea

SPDR S&P 500 ETF Trust (SPY) Options Recap
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For the readers who may have only recently found our site or subscribed to our daily mailing list, we commonly use the SPY as our go-to market analogue. When we’re hoping to prey upon the general sentiment of a given day or week, quick-strike SPY options are how we most often accomplish this.

Yesterday was one such day, as we kicked off the fresh trading week by signaling interest in the SPY Weekly $319-320 Calls. Right out of the gate, and until lunch hour, the SPY ran with the markets, and provided us with some very nice intraday gain opportunities:

SPY Weekly $319-320 Calls
$319: 2.42-4.67 (+93%)
$320: 1.86-3.91 (+110%)
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Fresh Idea:
BDC 09/18 $30-35 Calls

Kronos Advanced Technologies, Inc. KNOS

The last time we updated readers on the fantastic gainer that has been KNOS was back on June 4th. At the time, we had witnessed a run following our initial April call of the stock (04/20/20) from .011-.1309 (+1090%).

We’re circling back this morning after the stock has yet again soared to new highs. Following our report in June, KNOS consolidated down to a low of .043, before gradually pressing to yesterday’s new high of .24. That works out to a swing of 458% just over the last month, and an overall increase from our initially observed low amounting to a whopping 2082%, making KNOS our top OTC pick of the past few months.

Extended Watchlist:
GAXY, ALYI, BSRC, BYOC, NXEN, BSGM

WFC Update, Fresh Idea

TPT Global Tech, Inc. TPTW

We have been hot on the trail of TPTW since the morning of June 30th, at which time the stock was trading at a low of .0235 per share. We continued to mention the stock last week on a couple of occassions, as it climbed its way up the chart.

To finish off the week on Friday, TPTW made yet another run to solidify a new high of .0725. That marks a two-week increase on this play amounting to 209% This was just the next stock in a growing line of OTC picks that have fared well for us in recent months.

Wells Fargo & Co. WFC – Options Update

It was this past Tuesday when we formulated an extended term options trading idea for the Wells Fargo chain, signaling interest in tracking the WFC 08/21 $25-27.50 Calls.

So far, we have seen some nice preliminary gains off of that idea, and based on the current setup of the WFC chart, we like the chances of seeing even more progress in that regard over the coming weeks. Here are the total possible gains that could have been achieved on the heels of our July 7th alert::

08/21 $25-27.50 Calls
$25: 1.22-2.15 (+76%)
$27.50: .59-1.15 (+95%)
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Fresh Idea:
SPY Weekly $319-320 Calls

Extended Watchlist:
HYSR, IGEN, CVLB, BSRC, GRCV, BYOC

Double-Bag Options Winners

Big End to the Week:

Options trading can become more difficult during a period exhibiting a dearth of earnings reports, as we have seen in recent weeks. However, yesterday we managed to offer up a four-pack of options ideas, and all four returned some serious intraday gain opportunities for traders.

We saw multibag gains in each and every one of the targets put forth in yesterday morning’s premarket report:

HELE 07/17 $210-220 Calls
$210: 1.25-3.28 (+162%)
$220: .30-1.25 (+317%)
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WBA Weekly $42-40.50 Puts.
$42: 1.90-3.94 (+107%)
$41.50: 1.55-3.47 (+124%)
$41: .83-3.00 (+261%)
$40.50: .88-2.56 (+191%)
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BABA Weekly $260-270 Calls
$260: 2.37-4.91 (+107%)
$265: 1.35-2.95 (+119%)
$270: .82-1.83 (+123%)
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NKLA Weekly $54-57 Calls
$54: 2.18-4.42 (+103%)
$55: 1.65-3.78 (+129%)
$56: 1.35-3.19 (+136%)
$57: 1.15-2.50 (+117%)

Kronos Advanced Technology, Inc. KNOS

We also have found some sanctuary from the deleterious effects of the coronavirus through our old mainstay, OTC-traded stocks. Last month we updated readers on our April 20th call of KNOS, which had seen lows of .011 subsequent to that report.

Just under three months after our initial alert on this play, we have witnessed a high of .17, for an overall gain of 1445% Even if readers had only caught our recent June 4th update, it would have enabled the chance at some serious gains. The low following that report was .043 which, to .17, works out to an increase of 295%

Extended Watchlist:
SPAQ, OGEN, BYOC, LIACF, TPTW, CVLB

4-Pack of Options Ideas

NIO, Inc. NIO

We tagged NIO for obserrvation to start the week on Monday, and it did end up making a notable run following that report. We saw a low of 10.70, and yesterday it hit a high of 15.28. That marks a three-session swing of 43% which we would consider decent volatility for a $10+ stock.

NIO did taper back into the close, but we will continue to monitor its activity. If it can continue to register higher lows, we won’t yet consider its run finished.

Fresh Options Ideas:

We were in an earnings dry spell for a few weeks there, but slowly we’re beginning to see more big names coming across the calendar. This morning for earnings ideas we’ve got our sights set on a bullish and one bearish target.

On Helen of Troy Ltd. HELE, which posted a solid beat, we’re going to focus on the HELE 07/17 $210-220 Calls.

Walgreens Boots Alliance, Inc. WBA didn’t fare as well in the last quarter as was expected of it, and we’re feeling like a short in this case might be the way to go, so we’ll tag the WBA Weekly $42-40.50 Puts.
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Even More New Ideas:
BABA Weekly $260-270 Calls
NKLA Weekly $54-57 Calls

Extended Watchlist:
SEGN, VAPR, VYST, DECN, PKE

NVAX Update & More

Novavax, Inc. NVAX – Review
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Among all of the plays we’ve covered this year with coronavirus synergies, one of the top picks has definitely been NVAX. We began tracking this stock back in May, with our first mention coming on May 12th. On that day, NVAX changed hands for as little as 36.08. The stock basically never looked back, with that being the lowest price it will have seen since then.

Yesterday, after roughly seven weeks of continuous upward momentum, NVAX has attained a new high of 111.77. That works out to an overall rise of 210% in a span of less than two months! That’s a good move for any stock, but for one that was already above $35, it’s nothing short of amazing.

Options Ideas:

We have been in a dark period for big name earnings for at least a couple of weeks now, but we are starting to see some large caps reporting again today. The two that are catching our eye most off of the current calendar are SMART Global Holdings, Inc. SGH and The Simply Good Foods Co. SMPL. Both companies posted a convincing beat of expectations on the street.

Here are a couple of corresponding ideas that we can track today and into next week:

SGH 07/17 $25-30 Calls
SMPL 07/17 $22.50-25 Calls

Extended Watchlist:
DLOC, IGEN, HDII, COPRF, AEPT, CLR