Blue Horseshoe Stocks

Blue Horseshoe Stocks: PIR Run Continues & More

Pier 1 Imports, Inc. PIR

We began tracking Pier 1 toward the end of last month on the 27th. At the time, the stock was trading for as little as 3.92/share.

The performance it has put together over the last three-plus weeks has been nothing short of astonishing. Ignoring all market trends, the stock has been in a near-continual uptrend, which culminated at a new high of 14.64 yesterday. That represents an excellent 273% increase inside of a month!

Weatherford International plc WFTIQ

Speaking of recent stock calls we’ve made that have enjoyed impressive performances, we wanted to update readers on the status of WFTIQ in recent weeks.

We initially alerted WFTIQ a couple of weeks ago on September 10th. We caught this one at a low of .0198, and it has now run to an even .04. That’s a two-week upswing of 102%

Fresh Options Ideas:
NKE Weekly $89-91 Calls
SPY Weekly $296-297 Calls

Extended Watchlist: MPC, IRIX, OGEN,

Blue Horseshoe Stocks: Stock Updates & More

DURRECT Corp. DRRX

We began tracking DRRX last month, with our initial alert coming on the morning of 08/07. Subsequent to that report, the stock recorded a low of 1.22, and yesterday, reached a new high of 2.46.

That works out to a clean double-bag move of 102% in a matter of six weeks. The stock has been on the rise for two months now, so we’ll be interested to see where it will ultimately find itself.

Avadel Pharma Inc. AVDL

We freshly tagged AVDL in yesterday morning’s premarket report, and while it didn’t make our heads spin, the stock did produce a solid intraday gain on our first day of tracking it.

From a low of 4.13, the stock reached a high of 5.37 on the day, which registers as a 30% upswing. We’ll continue to keep it on our watchlist as we head into midweek.

Fresh Options Ideas:
KMX Weekly $88.50-90 Calls
RH 10/25 $165-160 Puts

Extended Watchlist:
GHSI, JAG, OGEN, ALDX, OSTK

Blue Horseshoe Stocks: OSTK Update & More

Overstock.com, Inc. OSTK

On Friday, we identified a pair of options targets for OSTK, the 10/04 $15.50 & 16 Calls. Despite falling to the low side toward the end of the day, there were some early opportunities for our designated contracts.

The $15.50 Calls traded up from 1.50-1.90 for a notable 27% intraday move, while the $16 Calls traded in a range from 1.40-1.96 (+40%).

With the late session dip, OSTK fell considerably, but we view this as no less than a buy-in opportunity on these very same contracts. We like the chances of seeing a quick rebound, and the potential for further gains out of these plays over the course of the next trading week or two.

Fresh Options Ideas:
ROKU 11/01 $115-118 Calls

Extended Watchlist:
MDR, AVDL, KNDI, OGEN, DRD, NTEC, CANF, PIRS, INPX

Blue Horseshoe Stocks: EROS Update & More

Eros International Plc. EROS

We revisited EROS yesterday morning, just under one month following our August 21st report, mentioning its recent run which began from a low of 1.20.

The stock was moving in the premarket in the wake of a news announcement placing the company in partnership with Microsoft. We felt the news had a chance to carry the stock even higher than we had seen it run already, and that’s just what yesterday’s session brought.

EROS ran to a new high of 3.92, which marked an overall increase of 227% over our observed low roughly three weeks ago. The performance was also good enough to land the stock in the #1 slot on the NASDAQ daily top gainers list.

Fresh Options Idea:
Overstock.com, Inc. OSTK 10/04 $15.50-16 Calls
SPDR S&P 500 (ETF) SPY Weekly $299.50-300 Calls*

*Please do not attempt to speculate with weekly options on a Friday unless you are an expert level trader with access to disposable funds!

Extended Watchlist:
NXGB, HDB, VEDL, PLAN, FNSR, CRC, MDR, SCS

Blue Horseshoe Stocks: Big Shipping Options

Big Shipping Options Review

Yesterday morning, we were feeling confident in a bearish session leading into the Fed meeting. Despite a last-hour rebound following the rate lowering, most of the day provided us with plenty of backsliding action that led to some very respectable single-session gains for our picks.

We had bearish ideas set up for both of the main players in the parcel shipping game, In each instance, we observed solid moves for every single one of our targeted contracts:

FDX Weekly $157.50-155 Puts
$165 Calls – Range: 4.30-9.20 – Max Gain: 114%
$167.50 Puts – Range: 3.00-7.00 – Max Gain: 133%

UPS Weekly $120-119 Puts
$120 Puts – Range: .67-1.37 – Max Gain: 104%
$119 Puts – Range: .44-.89 – Max Gain: 102%

Eros International Plc. EROS

We mentioned EROS most recently on August 21st, and shortly following that alert, the stock was trading for as little as 1.20. This morning we have observed a new high of 3.42 in the premarket in the wake of an announced partnership with Microsoft.

That’s a total increase of 185% in roughly seven weeks’ time. We’ll be interested to continue monitoring the activity from this point on.

DOUGLAS, Isle of Man–(BUSINESS WIRE)– Eros Now, a South Asian entertainment OTT (over-the-top) video platform by Eros International Plc, a Global Indian Entertainment Company, the ultimate one-stop destination for the internet generation to consume captivating content, today announced a collaboration with Microsoft to build a next generation online video platform on Microsoft Azure targeted at its consumers across the globe. (>>View PR)

Extended Watchlist:
NSPR, NTRP, PHUN, OBLN, SCYX, CGIX, MLHR