Blue Horseshoe Stocks

More Winning Options Plays

More Options Recaps

If it seems like we spend a lot of time going over options plays we’ve highlighted, it’s because our ideas are constantly turning in incredible performances.

Yesterday, after going over some prior wins, we offered up ideas for PLCE and CHWY, and sure enough, those were solid movers too. The following opportunities were there for the taking in those plays:

PLCE Weekly $61-59 Puts
$17 Puts – Range: 4.35-7.10 – Max Gain: 63%
$16 Puts – Range: 2.35-6.70 – Max Gain: 185%
$15 Puts – Range: 2.30-5.20 – Max Gain: 126%

CHWY Weekly $25.50-26 Calls
$25.50 Calls – Range: 1.05-2.13 – Max Gain: 103%
$26 Calls – Range: .80-1.64 – Max Gain: 105%

Fresh Options Idea:

We’re going to place the Lumber Liquidator Holdings, Inc. LL Weekly $9.50-10 Calls on watch, with the express understanding that if the stock manages to breach its 200DMA of 10.20, that we will want to roll up to include the $10.50’s as well.

Extended Watchlist:
LMPX, AMRX, RTTR, JAGX, CIEN

Midweek Options Review & More

Midweek Options Review

We offered up a buffet of options choices yesterday, and two of our ideas panned out immediately, with our longer-term idea still needing some time to mature.

The ones that worked out without delay were the designated ideas from the DBI and CONN chains. They were the DBI 12/20 $17.50-15 Puts and the CONN 12/20 $17-15 Puts. Both of those were bearish signals on puts, and both yielded solid intraday results, good for opportunities to score the following daily gains:

Designer Brands, Inc. DBI 12/20 $17.50-15 Puts
$17.50 Puts – Range: 2.60-3.71 – Max Gain: 43%
$15 Puts – Range: .60-1.36 – Max Gain: 127%

Conn’s Inc. CONN 12/20 $17-15 Puts
$17 Puts – Range: 2.00-3.30 – Max Gain: 43%
$16 Puts – Range: 1.45-1.92 – Max Gain: 32%
$15 Puts – Range: .70-1.60 – Max Gain: 129%
______

Fresh Ideas
HOME 03/20 $5.00-7.00 Calls
CHWY Weekly $25.50-26 Calls
PLCE Weekly $61-59 Puts

Extended Watchlist:
NVUS, TYHT, KNSA, CNST, BDSI, XBIT, QFIN

BIG Options Explode & More

Options Success Continues

We routinely identify fresh options trading ideas for ourselves and our readers, and the past couple of sessions have been no different than what we’ve come to expect.

Big Lots, Inc. BIG – Yesterday we reported on the success of the BIG 12/20 $22.50-27.50 Calls which we included in Friday’s premarket report and those set explosive new highs yesterday. Here are the total two-day upswings achieved by those plays:

BIG 12/20 $22.50-27.50 Calls
$22.50 Calls – Range: .96-4.57 – Max Gain: 376%
$25 Calls – Range: .20-2.46 – Max Gain: 1130%
$27.50 Calls – Range: .06-.88 – Max Gain: 1367%
______

Canopy Growth Corp. CGC – We also placed the CGC Weekly $19-19.50 Calls on watch yesterday morning as a fresh idea to start the trading off with, and we’re pleased to relay the multi-bag intraday performances out of that pair of contracts. The $19 Calls ran from .42-2.54 for a daily gain of % and the $19.50’s posted a range from .35-2.11, making total gains of up to % possible on the day.

The timing on our ideas came perfectly in sync with the company’s news that it would be hiring Constellation Brands (STZ) CFO as its new CEO (>>Read More)

More Fresh Options Ideas:

Chewy Inc. CHWY 01/10 $22.50-24 Calls
Stitch Fix, Inc. SFIX Weekly $27-28 Calls
Designer Brands, Inc. DBI 12/20 $17.50-15 Puts
Conn’s Inc. CONN 12/20 $17-15 Puts

Extended Watchlist:
CLVS, TGB, VTGN, AVEO, ARAV, SAEX, DERM, NVTA

Fresh Options Trio & More

Kodiak Sciences, Inc. KOD

To kick off the trading week on Monday, we included a mention of KOD in Monday’s premarket extended watchlist. On Tuesday morning, we updated reader on the amazing run the stock made from 35.00 to a high of 72.97 (+108%).

Yesterday’s session saw a pullback from those highs followed by another highly impressive intraday swing. The stock traded in a range from a low of 53.00 to a subsequent new high of 74.50. That’s another huge daily upswing to the tune of 41% and a total increase over Monday’s low of 113%

Workday Inc. WDAY – Options Update

We had highlighted some WDAY Puts in yesterday’s premarket report, the WDAY Weekly $167.50-165 Puts, and despite the stock closing in the green, it had some trouble early on that led to some nice multi-bag gain opportunities.

The $167.50 Puts ran from a low of 2.25 and reached 5.93 for a gain of 164%, while the $165’s traded in a range from 1.50-4.10, an upswing of 173%
____

Fresh Options Ideas:
DG Weekly $155-160 Calls
FIVE Weekly $124-126 Calls
HHC 01/17 $120-125 Calls

Extended Watchlist:
ARDX, ACAD, IBIO, NVGT, VRNT, DLTH, BIMI, BNGO,

AXSM Runner, Options Ideas

Axsome Therapeutics, Inc. AXSM

We’ve got a major recent success story to tell with AXSM today. We highlighted this stock roughly seven weeks ago in our report on October 16th, and AXSM has done very little else but continue to press upward, setting new highs on a practically daily basis.

We would tag in yesterday’s report once again before seeing the stock attain new highs for the umpteenth time in recent weeks. Our observed low following our initial alert is 20.48, and as of yesterday’s brand new high of 47.24, that marks a fantastic swing of 131% There’s no telling where this wild ride will let off, with the stock having already been firmly in Blue Sky territory for well over a week now.

Fresh Options Ideas

Workday Inc. WDAY reported on earnings in the post-market yesterday, and despite a beat on sales and earnings, the company’s forecast precipitated a shakedown of the stock. We’re going to sit on the bearish side of the fence and monitor to the WDAY Weekly $167.50-165 Puts

Excelon Corp. EXC is simply a double-bottom, potential extended-term rebound idea that we want to offer up. We’re going to begin tracking the EXC 02/21 $45-47 Calls, with the stock looking due for a recovery at any time.

Extended Watchlist:
DBVT, YTEN, ASLN, WKHS, TYME, CHK, CLVS, CPST