Blue Horseshoe Stocks

Blue Horseshoe Stocks: DAL, LEVI Options

Centene Corp. CNC

This play continues to dominate our headlines for the third time this week, with the stock making yet another sizable move yesterday. We originally called this idea on March 27th, the CNC 09/20 $50-55 Calls. and the response has been fantastic, with the stock itself running from a low of 49.56 that morning, to yesterday’s high of 58.25 (+18%).

It has produced some fantastic gain opportunities for anyone who had the good fortune to catch our initial alert; especially those who went with the $55’s. The total moves over this ten-session span are as follows:

$50 Calls – Range: 1.80-9.50 – Max Gain: 428%
$52.50 Calls – Range: 3.84-8.60 – Max Gain: 124%
$55 Calls – Range: .31-7.50 – Max Gain: 2319%

FRESH OPTIONS IDEAS:
Delta Air Lines, Inc. DAL Weekly $57.50-58.50 Calls
Levi Strauss & Co. LEVI 04/18 $23-24 Calls

Extended Watchlist:
FSLR, TNAV, TPX, INPX, CASI, PRPO, ONCS, AVGR

Blue Horseshoe Stocks: New Options Idea

Centene Corp. CNC

As we were just mentioning yesterday morning, we designated a pair of contracts to watch in the CNC chain toward the end of March, with the CNC 09/20 $50 & $55 Calls.

Since that time the stock has been in a near-continual uptrend, and after yet another bullish session yesterday, we have new highs to report on our ideas. The $50 Calls have now traded in a range from 1.80-9.50, amounting to a total move of 428%. The $55 Calls have been on an insane run, and they have thus far traded up from .31-6.70. That works out to a rise of 2,061% in a span of only nine trading sessions.

BP Prudhoe Bay Royalty Trust BPT

Weve got another options chain that we ‘d like to signal some longer term calls in as well. BPT fell off a cliff yesterday, and while it may have slightly further to fall before reversing, the chart shows a history of rapid recoveries whenever the stock is beaten back as it has been this week.

We’re going to designate the BPT 05/17 $22.50-25 Calls as two contracts of interest and begin to track them over the days and weeks ahead.

Extended Watchlist:
WWR, CERN, FTR, SLS, KNDI, AMR, EVOK, CHFS

Blue Horseshoe Stocks: Options Recaps

SPDR S&P500 ETF (SPY)

On Friday morning, we set out to take advantage of the bullish premarket sentiment by tracking a set of options in the SPY chain, as we are well-accustomed to doing.

Our targets were the Weekly $287-288 Calls and with the help of a solid run for the markets at large, our ideas bore fruit. All three, in fact, produced highly respectable chances for intraday profits.

$287 Calls – Range: .92-1.70 – Max Gain: 85%
$287.50 Calls – Range: .62-1.18 – Max Gain: 90%
$288 Calls – Range: .29-.80 – Max Gain: 176%

Centene Corp. CNC

Toward the end of last month, we produced an idea for the CNC 09/20 $50 & $55 Calls, and we also wanted to update our readers on the progress of those contracts since that time.

The $50 Calls have thus far risen from 1.80-8.53, an increase of 374% The $55 Calls obliterated those figures, with a massive run from .31-6.08, for total possible gains of 1,861%

Extended Watchlist:
GNFT, TCON, THCT,

Blue Horseshoe Stocks: Fresh Options Ideas

The Greenbrier Companies, Inc. GBX

The first thing that jumped out to us on this morning’s routine market scan was GBX. The only company on the earnings calendar with a market cap of more than a billion dollars, it’s also boasting an attractive bottom setup on the chart.

We’re going to tag the GBX 04/18 $30-35 Calls for observation, which gives us a couple of weeks to see more a rebound from the stock, which just began to rise off of in recent;y established 52-lows.
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FRESH OPTIONS IDEAS
SPDR S&P500 ETF (SPY) Weekly $287-288 Calls
Constellation Brands, Inc. STZ Weekly $187.50 Calls

InspireMD, Inc. NSPR

We also will be placing another recently struggling stock in NSPR on bottom watch this morning. With it just having registered new 52-week lows yesterday, it would appear there may be slightly further to fall before a rebound is imminent, if we look at the indicators, but we’ll start tracking it now.

The stock was trading at twice this amount barely over a month ago, so the potential for rapidly recovery is also there.

Extended Watchlist:
TROV, CNET, DCAR, CRBP, KIQ

Blue Horseshoe Stocks: More Bottom Plays

Motif Bio plc MTFB – Bottom-Watch Play

With not a lot happening on the premarket earnings front this morning, we are looking elsewhere for potential opportunities. We’re interested in the current setup on MTFB, which from the current are, seems far more likely to see a big increase than a big decrease at the present time.

There is an absolutely massive gap to the upside on the chart as you can see. Should it move to fill that gap once again, we could be looking at a significant chance for gains here.

Liquidia Tech, Inc. LQDA

We also want to point out the prime bottom setup on LQDA, which was a $20 stock just a month ago. Now trading at half that amount, there is a gap on the chart that needs to be filled here as well and all indicators are pointing to a strong possibility of that happening sooner rather than later.

We will reserve a space on our radar for this play over the next several sessions. LQDA could very easily return to the $15-level relatively soon without a problem.

Extended Watchlist:
TKC, BLIN, TLGT, TKC, CLSD, RUHN, LGCY, TEUM, JAGX, TYHT