Blue Horseshoe Stocks

BJ Recap, Fresh Options Ideas

BJ’s Wholesale Club Holdings Inc. BJ – Recap

As usual, we put out some fresh options ideas in yesterday mornings report, and despite a poor showing for the markets in general, we did see some instant success with our one-contract target in the BJ’s chain.

We had highlighted the BJ 06/19 $30 Calls for observation and the stock provided us with a great opportunity for huge gains with its own move from from 30.39 to 35.45 (+17%). The $30 Calls ran from 1.50-5.60, for an enormous intraday rip of 273%

We will also roll up to include the 06/19 $40 Calls on our watchlist heading into the long weekend, as the momentum from yesterday’s big move could certainly spill over.

Fresh Options Ideas*:
DE Weekly $145-148 Calls
PANW Weekly $235-245 Calls
BABA Weekly $205-207.50 Calls

*Please DO NOT attempt to trade options contracts with a weekly expiration on a Friday unless you are an advanced-level trader with access to disposable funds!

Penny Stock Roundup

Penny Stock Recaps

Despite being primarily focused on quick-strike options these days we still get back to our penny stock roots every now and again, most often via our Extended Watchlists, and in our daily traders chats on Skype (open to all our readers, send contact request to “stocksumo”).

We’ve had a few solid movers in those categories that we wanted to highlight this morning. Here are the targets and the moves they’ve made subsequent to appearing in our morning reports.

Transportation and Logistics Systems Inc. TLSS
Alerted: April 16th
Range:.0099-.0725 (+632%)
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SPO Global Inc. SPOM
Alerted: March 5th
Range:.05-.64 (+1180%)
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Simulatus Corp. SIML – This one we caught in our traders chat in the premarket yesterday and it posted a huge move on the day. The stock ended up trading from a low of .0074 to .023, marking total gains of up to 211%

Fresh Options Ideas:
EXPE Weekly $80-82 Calls
BJ 06/19 $30 Calls
TJX 06/19 $52.50-55 Calls

Options Recaps, Bottom Bouncer & More

Novavax, Inc. NVAX – Recap

We would like to kick things off this morning by circling back around to an options idea we had submitted last week. We targeted the NVAX 05/22 $38-40 Calls which saw their lows on Thursday and ran into this week, posting some really nice moves.

We wanted to highlight those, potential gains, although it would appear the stock’s run is over, so we likely won’t be tracking these into expiration. The company announced a huge capital raise this morning which is not being looked upon favorably by the investment community.

At any rate, the ranges on our NVAX targets from last week into this week were as follows:

NVAX 05/22 $38-40 Calls
$38: 3.08-20.86 (+122%)
$39: 2.67-20.00 (+246%)
$40: 2.10-20.00 (+293%)
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Fresh Ideas:
LOW Weekly $120-125 Calls
WMT 05/29 $129-130 Calls

Verastem, Inc. VSTM

This biotech isn’t coronavirus related, and we have not done a whole lot of technical trading since the crisis started, but we do like where this play is on the chart at the moment.

It had come down to hold support near a previous bottom, stringing together some higher lows and higher highs this week, and we’re going to put it on our running watchlist going forward.

Extended Watchlist:
SPOM, SBDS, DECN, MMMM,

ACB Adds Big Gains & More

Options Train Keeps Rolling!

To kick the week off yesterday morning, we went with a varied selection of options ideas as usual. We found solid success with the help of a strong day for the markets, thanks to renewed optimism that a coronavirus vaccine could possibly go into production before next year.

Each one of our quick-strike ideas produced significant opportunities right off the bat, with the following intraday moves:

ACB $13-15 Calls
$13: 3.15-7.00 (+122%)
$14: 1.88-6.50 (+246%)
$15: 1.50-5.90 (+293%)

These were our rolled up targets after having great success with ACB $7-8 Calls last week. In that time frame, we’ve witnessed the stock itself shoot from a low of 7.80 to yesterday’s new high of 19.68, an increase of 152%
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SE Weekly $63-66 Calls
$63: 4.11-7.03 (+71%)
$64: 3.10-5.90 (+90%)
$65: 2.84-5.20 (+83%)
$66: 2.21-4.10 (+86%)
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SPY 05/20 $292-295 Calls
$292: 2.82-5.36 (+90%)
$293: 2.43-4.60 (+89%)
$294: 1.91-3.85 (+102%)
$295: .97-3.57 (+268%)

Fresh Ideas:
AAP 06/19 $145-150 Calls
BIDU Weekly $115-120 Calls
WMT Weekly $131-133 Calls

Extended Watchlist:
TLSS, SIML, SPOM, BANT, UPLC, PURE

Options Recaps & More

Reviewing Friday’s Options Plays

In Friday morning’s report, we set out several last-minute options ideas, and our first order of business to kick off the fresh trading week is to highlight the performances recorded by those targets.

We had a mixture of bulls and bears on our watchlist and for most of them, we saw some pretty nice action and potential intraday gains:

DKNG Weekly $25 Calls
$280: .90-4.30 (+378%)

AMAT Weekly $54.50-53 Puts
$54.50: 1.30-2.63 (+102%)
$54: 1.05-2.50 (+138%)
$53.50: .72-2.29 (+218%)
$53: .50-1.80 (+260%)

ACB Weekly $7-8 Calls
$7: .86-3.03 (+252%)
$8: .28-3.75 (+1238%)

In the case of ACB, not only did our options targets kill, especially with that beautiful twelve-bagger, but the stock itself is on a heck of a run, seeing a low of 7.80 on Friday and reaching as high as 14.90 in early trading today. That’s a respectable move of 91% We’re also going to roll up to the ACB $13-15 Calls for this week.

Fresh Ideas:
SE Weekly $63-66 Calls
SPY 05/20 $292-295 Calls
TDG 07/17 $390-400 Calls