Blue Horseshoe Stocks

Blue Horseshoe Stocks: Options for the Week & More

Arcadia Biosciences, Inc. ARKA – Update

We placed RKDA on watch on Friday morning’s premarket report. We caught it off of one of our routine premarket scans, and determined that a bounce play was a good possibility. Not only did we get what we were looking for, but the stock looks ready to gap-up once again this morning.

From a daily low of 2.70 the stock reached as high as 4.97, marking an intraday increase of 84% When measured to today’s new premarket high of 6.42, it works out to a two day swing of 138% and gives us good cause to continue to monitor its activity as we open up a new trading week.

DXC Technologies, Inc. DXC – Recap

We went bearish on DXC in Friday’s report, offering up an options idea of the DXC 08/16 $40-37.50 Puts. Both of those contracts performed well as DXC had the floor fall out from beneath it, posting the worst daily loss in nearly two decades.

The $40 Puts ran from 2.66-5.00, representing an intraday pop of 88% while the $37.50’s soared into multibag gainer territory with a move from 1.00-3.10, a gain of 210%
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Fresh Options Options Ideas for the Week:
SYY Weekly $71.50-72.50
GOLD Weekly $18-19 Calls

Extended Watchist:
VRAY, QUIK, CPST, SINT, FLXN, IVZ, FBIO, FLNT, LODE

Blue Horseshoe Stocks: Capping Off a Solid Week

Another Great Week in Options Trading

If you follow our reports and performance closely, you’ll know that we consistently deliver multiple solid quick-strike options ideas on a weekly basis, and this week has been no exception.

Our premarket report yesterday included fresh near-term targets for AMD and UBER, which both produced chances for significant intraday profits, which were as follows:

Advanced Micro Devices, Inc. AMD 08/16 $30.50-31.50 Calls
$30.50 Calls – Range: 1.47-3.80 – Max Gain: 156%
$56 Calls – Range: .98-3.50 – Max Gain: 257%
$56.50 Calls – Range: .70-3.00 – Max Gain: 329%

Uber, Inc. UBER Weekly $41-42.50 Calls
$56 Calls – Range: 2.15-3.10 – Max Gain: 44%
$56.50 Calls – Range: 1.90-2.77 – Max Gain: 46%
$57 Calls – Range: 1.55-2.52 – Max Gain: 63%
$56.50 Calls – Range: 1.44-2.24 – Max Gain: 56%

Fresh Ideas:

It wouldn’t be a full-fledged Friday morning report without a couple of new ideas to carry us down the home stretch on another great trading week, and into the next. Here’s what’s hitting our scanner this morning:

FNKO 08/16 $25-30 Calls
DXC 08/16 $40-37.50 Puts

*We’re also going to radar GHST, thanks to our faithful subscriber, Mark!

Extended Watchist:
RKDA, LLEX, ELY, VYGR, ONVO, YELP, MRNS,

Blue Horseshoe Stocks: CVS Update & More

CVS Health Corp. CVS – Recap

Included in yesterday morning’s premarket report, was an post earnings options idea for CVS. We were looking at the CVS Weekly $55.50-57 Calls following the company’s beat on Q2 earnings accompanied by raised guidance, and solid growth bolstered by the Aetna acquisition. The stock was also at a multiple-bottom area of the chart.

With the added help of an intraday market surge our targets enjoyed solid moves on the day.

$55.50 Calls – Range: 1.25-2.80 – Max Gain: 269%
$56 Calls – Range: .85-2.37 – Max Gain: 370%
$56.50 Calls – Range: .70-1.91 – Max Gain: 329%
$57 Calls – Range: .46-1.51 – Max Gain: 417%

We’ll look to roll up slightly and monitor the CVS Weekly $57.50-58 Calls for the remainder of the week.
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More Fresh Ideas:
DISH Network Corp. DISH 09/13 $34-36 Calls
Advanced Micro Devices, Inc. AMD 08/16 $30.50-31.50 Calls
Uber, Inc. UBER Weekly $41-42.50 Calls

Extended Watchist:
MRO, AVLR, ET, DERM, TRGP, RLGY,

Blue Horseshoe Stocks: Perfectly-Timed Bottom Plays & More

Allakos, Inc. ALLK – Recap

We began tracking ALLK on Monday morning, and formulated some options ideas ($45-60) which worked for us in Monday’s session, bringing in some nice gain opportunities. Then yesterday rolled around and we shared the huge news reported by the company in our premarket report along with the gains that our options ideas made.

The news on ALLK proved to be very influential on the activity of the stock, pushing it even further than Monday’s big surge had taken it. From the low that morning of 60.34, ALLK has run all the way up to a new high yesterday at 85.40, which marked a two-day upswing of 42%

While the lower end of our tracked options range was too deep in the money to see any real progress, the $60 Calls remained in play, and hit a high of 23.82. From our observed low of 6.75 on Monday, those contracts rose by a whopping 253%
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We also signaled interest in the Innovative Industrial Properties, Inc. IIPR 08/16 $100-105 Calls
yesterday, and those got off to a modest, yet promising start. The $100’s traded in a range from 6.50-7.90 for a rise of 22%, while the $105’s ran 23% from 4.50-5.90. We’ll continue to monitor these ideas into their expiration next week.
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Fresh Ideas:
CVS Weekly $55.50-57 Calls
SPY Weekly $286-285 Puts

Durect Corp DRRX

We also want to highlight the incredible performance that DRRX has had this summer to finish things up this morning. We tagged the stock for observation on May 28th, at which time we observed a low of .50, and it turned out to be a great nbottom call, as it hasn’t looked back since.

Slow and steady growth over the past two months has brought DRRX to a new high of 1.44 this week. That represents an overall increase of 188% in the time we’ve been observing this play.

Extended Watchist:
MRNA, EVH, CPE, ENDP, AVGR, TVIX, APVO, ONVO

Blue Horseshoe Stocks: Great Start to the Week

T2 Biosystems, Inc. TTOO

This past Thursday morning, we cautioned our readers that TTOO was heavily oversold, and sniffing out a bottom with a massive gap to the upside. As it turned out, our timing on that alert could not have any better. The stock saw its low of .52 that day and hasn’t looked back since. Yesterday, TTOO reached .76 which works out to a three-day upswing of 46%, a modest yet respectable move.

More importantly, the stock is once again taking off on the heels of a fresh PR this morning (below), reaching a new high of 1.13 in premarket trading. That further extends our observed range on this play to 117% as TTOO begins to fill the gap on the chart that we mentioned which runs up to the 1.36 mark.

LEXINGTON, Mass., Aug. 06, 2019 (GLOBE NEWSWIRE) — T2 Biosystems, Inc. (NASDAQ:TTOO) announced today that the United States Centers for Medicare & Medicaid Services (CMS) granted approval for a New Technology Add-on Payment (NTAP) for the T2Bacteria^® Panel for FY 2020.

The T2Bacteria Panel, the first and only FDA-cleared test to identify sepsis-causing bacterial pathogens directly from whole blood in 3 to 5 hours without the need to wait for blood culture, is now also the first and only in-vitro diagnostic test to ever receive approval for NTAP. (>>View Full PR)

Options Reviews

SPDR S&P500 (ETF) SPY – As a fresh options idea to start the week yesterday morning, and in light of the bearish market sentiments that we were sensing in the premarket, we went with SPY Weekly $290-288 Puts as our targets. Early indications ultimately proved to be correct, as the markets tanked on the day, sending those contracts on a huge ride.

The following multi-bag gains were there for taking:

$290 Puts – Range: 2.27-8.19 – Max Gain: 261%
$289.50 Puts – Range: 1.98-7.30 – Max Gain: 269%
$289 Puts – Range: 1.51-7.10 – Max Gain: 370%
$288.50 Puts – Range: 1.29-5.54 – Max Gain: 329%
$288 Puts – Range: 1.18-6.10 – Max Gain: 417%

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Allakos, Inc. ALLK – We also signaled interest in the ALLK 08/16 $45-60 Calls yesterday in opposition to the market activity we were observing, and those targets bucked the trend quite nicely, with three out of the four producing notable opportunities on the day:

$45 Calls – Range: 16.41-25.53 – Max Gain: 56%
$55 Calls – Range: 9.00-15 60 – Max Gain: 73%
$60 Calls – Range: 6.75-14.20 – Max Gain: 110%
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Fresh Idea:
Emerson Electric Co. EMR 08/30 $63-64 Calls
Innovative Industrial Properties, Inc. IIPR 08/16 $100-105 Calls

Extended Watchist:
ACB, ATRS, TOPS, KALA, PAYS, TELL, MYSZ, PLUG, CARS(Bottom-watch)