Blue Horseshoe Stocks

Massive Form-4 Alert

Options Reviews

Yesterday morning, our primary order of business was to continue our commitment to bringing our readers as many solid quick-strike options ideas as we can. Not surprisingly, we were able to see some very nice opportunities in our designated targets.

Despite a mixed bag of bears and bulls, the volatile intraday swinging action of the markets made it possible to jump on big gains for each of them. Here were our top plays for the day and the total potential gains which could have been achieved.

SPY Weekly $244-242 Puts
$244: 1.30-2.89 (+122%)
$243: 1.08-2.49 (+131%)
$242.50: 1.04-2.37 (+128%)
$242: .97-2.19 (+126%)
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KMX Weekly $50-55 Calls
$55: .50-3.90 (+680%)
$50: .30-2.03 (+577%)

Howard Hughes Corp. HHC – Fresh Options Idea

We want to place some options in the HHC chain on longer-term watch today after noticing some massive institutional insider buying that has come in near the stock’s recent lows, to the tune of $500M. You don’t sink those kind of funds into a stock unless you are supremely confident that its present level of support is rock solid. We are going to begin tracking the HHC 07/17 $50-60 Calls as a result.

Extended Watchlist:
BIEI, TPTW, MSTO, USRM, SPOM, AYTU

Sticking with SPY Puts

Solid Hits on the SPY

We try to formulate new options ideas for a given session as often as we can without forcing the issue, and on most days we produce at least one. Yesterday, we designated our sole set of new contracts to watch as the SPY Weekly $250-248 Puts, and thanks to a painful day for the markets, we were afforded the chance to score some pretty nice intraday gains.

Two out of three of those strike points translated into instant double-bag opportunities, with the third falling just 1% short of that mark, providing the following moves on the day:

SPY Weekly $250-248 Puts
$250: 4.39-8.73 (+99%)
$249: 4.00-8.10 (+103%)
$248: 3.65-7.50 (+105%)
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Fresh Ideas:
SPY Weekly $244-242 Puts
WBA Weekly $44-45 Calls
KMX Weekly $50-55 Calls

CytoDyn, Inc. CYDY

We began tracking CYDY on Tuesday morning, and in addition to making a nominal move on the chart, the company has also put out some coronavirus related press in the couple days. One of the company’s investigational drugs which is about to enter Phase 2b/3 trials, has demonstrated a promising level of efficacy among severe COVID-19 patients.

The stock itself has run from 2.65-3.09 in the past couple of sessions, which marks a move of just 17% but we’re going to be interested to continue tracking its performance in light of the company’s announcements.

VANCOUVER, Washington, April 02, 2020 (GLOBE NEWSWIRE) — CytoDyn Inc. (OTCQB: CYDY), (“CytoDyn” or the “Company”), a late-stage biotechnology company developing leronlimab (PRO 140), a CCR5 antagonist with the potential for multiple therapeutic indications, announced today that the three-day effect of leronlimab in eight severely ill COVID-19 patients demonstrated a significant improvement in several important immunologic bio-markers. Patient test data reveals improvement in cytokines, IL-6, and a trend toward the normalization of the CD4/CD8 ratio. (>>View Full PR)

Extended Watchlist:
GRYO, PNAT, ROTH, SOLI, CTYX, IPIX

SPY Puts & More

Options Review

The fresh options ideas in the streaming video space we offered up in yesterday’s premarket report fared well for their first session, making strong moves despite a shaky day for stocks in general.

We had the NFLX Weekly $365-372.50 Calls and the ROKU Weekly $87.50-89 Calls on watch, and each contract in our designated ranges produced gain opportunities of a significant nature.

NFLX Weekly $365-372.50 Calls
$365: 9.90-20.80 (+110%)
$367.50: 8.91-18.67 (+110%)
$370: 7.49-16.80 (+124%)
$372.50: 6.51-15.05 (+131%)

ROKU Weekly $87.50-89 Calls
$87.50: 4.24-8.19 (+93%)
$88: 3.70-7.15 (+93%)
$88.50: 3.45-6.43 (+86%)
$89: 3.09-6.50 (+110%)
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Fresh Idea:
SPY Weekly $250-248 Puts

Yesterday’s OTC Movers

As we’ve mentioned previously, in times of uncertainty on the big exchanges, it is not unusual to see more opportunities for quick-strike OTC trades. We’ve been including some penny stocks in our daily watchlists, and the big winners from yesterday’s report were Abco Energy, Inc. ABCE and Inspyre Therapeutics, Inc. NSPX, which produced the following chances on the day:

ABCE: .0006-.0015 (+98%)
NSPX: .0192-.0378 (+110%)

Reviewing Winning Ideas, Formulating New Ones

Johnson & Johnson JNJ

We were correct in assuming yesterday would be a good day to put some options trading ideas for Johnson & Johnson on the table. The company is now at the center of the frantic pursuit of a vaccine to eradicate the deadly COVID-19 virus. We expect we will be following its role in this endeavor to completion.

For now, while we have signaled some longer-term options as well, we’re mainly interested in the short term plays we’re tracking and the moves they began to make yesterday. We will include the modest moves made by our September calls, but would expect to have to wait for them to come into play in a more meaningful way.

JNJ Weekly $125-130 Calls
$125: 5.15-9.81 (+90%)
$126: 4.00-9.00 (+125%)
$127: 4.00-8.00 (+100%)
$128: 2.95-7.37 (+150%)
$129: 2.86-6.65 (+133%)
$130: 2.45-5.96 (+143%)

09/18 $150-155 Calls
$150: 3.50-5.00 (+43%)
$155: 2.80-3.50 (+25%)

Top Ships, Inc. TOPS

Our chatroom call from Friday, which we highlighted in yesterday morning’s premarket report, tacked considerable gains onto our observed range after another huge bullish session. It saw a daily run from .36 to a new high of .62, which comes out to an intraday increase of 72%

From the low of .135 that TOPS saw on Friday morning when we offered it to our traders chat participants, yesterday’s new high mark represented a two-day upswing of 359% We’re seeing a significant pullback in the stock this morning, so this run has had it, but we’ll keep an eye skinned as it searches out a bottom, as a another swing to the upside may follow shortly thereafter.

Anyone who enjoys our premarket reports can also join our daily traders chats on Skype. It’s a place to get new ideas and even share some of your own in real-time throughout the course of each trading day. Send a Skype contact request to username “stocksumo” and we’ll see you there!

Streaming Stocks

More people are at home streaming content than ever before, and that is going to be true throughout the duration of the coronavirus crisis, which most experts agree will persist until a vaccine is successfully produced, sometime in 2021. Here are a couple of obvious players who stand to maintain solid business through this new dynamic, and some corresponding ideas.

ROKU Weekly $87.50-89 Calls
NFLX $365-372.50 Calls

Extended Watchlist:
HALB, NSPX, ABCE, BIEI, CYDY, SPHS,

JNJ Options & More

Top Ships, Inc. TOPS

We talked a little bit about our daily live traders chats last week, and on Friday, came another example of why it’s a good idea to get involved. We allow any of our subscribers to join in, to find even more trading opportunities and freely share their own ideas.

As you can see in the provided snapshot, TOPS was highlighted shortly before 11AM on Friday, and the stock went on a very nice run following that, which is spilling over into this morning as well. Subsequent to appearing in our chat, TOPS ran from .135-.32. That works out to a move of 137% That figure has been boosted even higher today, as TOPS hit .46 in premarket trading, extended our observed range of potential gains to 241%

Don’t pass up a chance to join us in our chatroom on Skype, where you’ll get on-the-fly trading ideas like this one and more. You can share your own as well. Send a Skype contact request to “stocksumo” and we’ll get you in there!

Johnson & Johnson JNJ

Emerging as the potential leader in terms of being first to a workable coronavirus vaccine, JNJ says they may be able to produce a working one by early 2021, several months prior to most previous estimates. The company has also committed to providing one billion of them to the US Dept. of Health & Human Services.

We will likely be following this story for quite some time, so we’re going to signal both a short and longer-range set of options ideas here, with the JNJ Weekly $125-130 Calls & 09/18 $150-155 Calls.
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Bonus Idea:
Cal-Maine Foods, Inc. CALM $43-45 Calls

Extended Watchlist:
PRLX, ABUS. WORK, HLTY