Blue Horseshoe Stocks

Blue Horseshoe Stocks: SRPT Bottom-Watch

Ulta Beauty, Inc. ULTA

Before we broke for the holiday weekend on Friday, we designated a last minute bearish options idea for ULTA in our premarket report, and thanks to a lackluster day for stocks in general as the markets fell, we saw some nice gains out of those plays, which were the ULTA Weekly $265-260 Puts..

The company also had reported and missed on earnings, receiving multiple analyst downgrades to add fuel to the fire. All of those elements converged to make for the following possible gains for anyone who had caught our alert in the morning.

The $265 Puts traded up from a low of 12.30 and more than doubled as they ran to 26.46 for an intraday move of 115% The $260’s posted an even bigger gain, running form 7.40-19.90, which worked out to a total possible profit of 169%

Sarepta Therapeutics, Inc. SRPT

We want to take a look at SRPT as we kick off this short trading week, and form an extended term idea. The stock is heavily oversold at present time as it searches out a bottom, and we would like to be ready and waiting when what we feel is an imminent recovery begins.

There is also a massive topside gap on the SRPT chart that could give the stock even more breathing room when it finally makes its reversal and begins to trend up again. We are going to give ourselves plenty of time on this one, signaling the SRPT 10/04 $91.50-94 Calls to watch in coming weeks.

Extended Watchlist:
VIVE, ARDX, GGAL, TBLT, BNGO, SUPV, TBLT, PGSY

Blue Horseshoe Stocks: HUGE Options Week!

Huge Options Week

If you’ve been following our reports for awhile now, at this point you’ve realized that we provide really great short-term options trading ideas on a regular basis, and this week was certainly no exception.

Out of four separate fresh trading ideas we formulated in yesterday’s report, all four proved to be big winners, with the help of another solid day of bullish activity for the markets as a whole.

Here’s what we were tracking, and the total possible gains that traders could have netted as a result:

SPY Weekly $290-292 Calls
$290 Calls – Range: 1.85-3.50 – Max Gain: 89%
$290.50 Calls – Range: 1.60-3.00 – Max Gain: 88%
$291 Calls – Range:1.25-2.60 – Max Gain: 108%
$291.50 Calls – Range: .98-2.15 – Max Gain: 119%
$292 Calls – Range: .78-1.78 – Max Gain: 128%
____

BURL Weekly $187.50-192.50 Calls
$187.50 Calls – Range: 10.22-17.80 – Max Gain: 74%
$190 Calls – Range: 8.02-15.90 – Max Gain: 98%
$192.50 Calls – Range: 6.00-13.40 – Max Gain: 123%
_____

DG Weekly $150-152.50 Calls
$150 Calls – Range: .90-7.10 – Max Gain: 689%
$152.50 Calls – Range: .54-4.98 – Max Gain: 822%
_____

NTNX Weekly $23-24 Calls
$23 Calls – Range: 1.20-2.92 – Max Gain: 143%
$23.50 Calls – Range: 1.25-2.52 – Max Gain: 102%
$24 Calls – Range: .70-2.06 – Max Gain: 194%
____

MORE FRESH IDEAS:
BIG 09/20 $25-27.50 Calls
ULTA Weekly $265-260 Puts

Fang Holdings Ltd. SFUN

We also want to throw in a quick highlight of SFUN, which we caught off of the earnings calendar this morning, in a pretty solid bottom-bounce setup. The stock’s coming off of annual lows registered earlier this month, and showing good momentum.

The earnings report was a mixed bag, with perhaps a main highlight being a 290% in revenue from the company’s lead generation services. We are mostly interested in tracking SFUN from a technical standpoint. The upside potential is certainly there.

Blue Horseshoe Stocks: SPY Updates

SPDR S&P500 (ETF) SPY – Recap

Thanks to a solid day for the markets yesterday, the successful options idea we dropped for the SPY on Monday morning turned in yet another huge day of potential profits. We had signaled the SPY Weekly $287-288.50 Calls as our first idea of the week, and it has been one of the best ones of the year in terms of percentage gains, already having produced intraweek ranges of up to 4000%

Each of the four contract sets in our highlighted range produced further multi-bag intraday rips of the following magnitude yesterday:

$287 Calls – Range: .43-2.04 – Max Gain: 374%
$287.50 Calls – Range: .32-1.58 – Max Gain: 316%
$288 Calls – Range: .20-1.46 – Max Gain: 630%
$288.50 Calls – Range: .16-1.01 – Max Gain: 531%

We will also be watching the SPY Weekly $290-292 Calls in the event that the current momentum of the markets carries through to the end of the week.
____

Fresh Options Ideas:
BURL Weekly $187.50-192.50 Calls
DG Weekly $150-152.50 Calls
NTNX Weekly $23-24 Calls

Extended Watchlist:
JBL, VTGN, MBUU, PSTV, FIVE, FSLY, GES, PHUN

Blue Horseshoe Stocks: Bearish Options Ideas

AutoDesk Inc. ADSK

With things looking choppy for the markets this morning, we are going to turn to a bearish idea for ADSK despite the company’s beat on Q2 earnings yesterday after market hours. The stock began to crumble under the weight of ADSK’s weak Q3 guidance. The poor outlook given, combined with the flow of market tides, could be just the thing for bearish options contracts, namely the ADSK Weekly $135-132 Puts.

There are those of the belief that ADSK stock was already valued too high leading into yesterday’s report, which is why we feel confident choosing to go short at the present time.
___

Bonus Bear:
TIF Weekly $82-79 Puts

The Buckle, Inc. BKE – Update

We would also like to update readers on another recent idea we floated. On Friday morning, we selected the BKE 09/20 $17.50-20 Calls for a longer-term options idea, and already it has borne fruit just a few sessions later.

The $17.50 Calls have run from a low of .95 and reached 2.31, marking a gain of 143% Meanwhile the $20’s have soared by an even higher margin, trading in a range from .20 up to .72, which works out to a 260% run.

Extended Watchlist:
LCI, VTGN, OBLN, TGE, NAKD, USLV, WTER, COTY,

Blue Horseshoe Stocks: SPY Explodes

SPDR S&P500 (ETF) SPY – Options Update

We have got a very brief update for today’s newsletter concerning our fresh options trading idea from yesterday morning in the SPY Chain. We cautioned readers that after Friday’s market sell-off, we looked to be in line for a ‘dead-cat bounce’ for stocks, and that is exactly what occurred.

Our idea was to track the SPY Weekly $287-288.50 Calls as the markets reversed, and not only did we get the rebound we were after, but the gains persisted throughout the entirety of the session.

That made for some truly spectacular profit possibilities, especially the $288 Calls, which produced an epic intraday upswing:

SPY Weekly $287-288.50 Calls
$287 Calls – Range: .17-1.35 – Max Gain: 694%
$287.50 Calls – Range: .05-.91 – Max Gain: 1720%
$288 Calls – Range: .01-.43 – Max Gain: 4200%
$288.50 Calls – Range: .01-.07 – Max Gain: 600%
____

Updated Idea:
We would like to update this SPY idea to stay close to the action, and will be tracking the
SPY 08/28 $288.50-290.50 Calls through today and into tomorrow.

Extended Watchlist:
USLV, PZZA, TNXP, JNJ, PIR, OSTK