Blue Horseshoe Stocks

Blue Horseshoe Stocks: Options Review & More

Lumentum Holdings Inc. LITE

We noted yesterday morning that LITE was bucking trend of the two-day market bloodbath we witnessed this week. We made it clear that we were interested in the LITE Weekly $44-46 Calls regardless of which way the markets went, and it turned out to be a solid idea.

The markets did of course see a reversal, and LITE did perform well on the day, creating the following gains in our tracked contracts:

$44 Calls – Range: 2.00-8.00 – Max Gain: 300%
$45 Calls – Range: 2.50-6.98 – Max Gain: 179%
$46 Calls – Range: 1.25-6.00 – Max Gain: 380%

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Fresh Options Ideas:

The Walt Disney Co. DIS – Weekly $107-109 Calls
Snap, Inc. SNAP – Weekly $16-17.50 Calls

Quotient Ltd. QTNT

Another stock we went bullish on in yesterday morning’s report, despite coming off the biggest two-day losses for stocks in history, was QTNT.

It boasted a solid bottom setup, and had already exhibited some bottom-bounce activity in the prior session. It also performed well on the day, trading up from a low of 3.36 to a high of 4.39- a respectable intraday run of 31% We’ll look for the stock to establish a trend of higher highs and higher lows over the next few sessions.

Extended Watchlist:
RIOT, NETE, DRYS, DPW, MARA, CFRX

Blue Horseshoe Stocks: TVIX Update & More

VelocityShares Daily 2X VIX ST ETN (TVIX)

As we’re sure everyone is aware, we’ve seen the biggest two-day downturn for the markets in history. Luckily, we had already added TVIX to our watchlist in our report on the morning of January 30th.

We began tracking this fund, which trades inversely to the market as a whole, and subsequently observed a low of 5.50. With the market bloodbath yesterday, the TVIX was pushed to a new high of 14.77.

That landed our total possible gain on this play at 169% but that figure has grown even further as a new high of 20.30 was registered in premarket trading this morning putting our total observed range on the TVIX at 269% over a span of just a few sessions.

Lumentum Holdings Inc. LITE

We’re also seeing a stock that is bucking the trend this morning. Even as it appears we’re headed for another down day in general, LITE is gapping up in the market after having recently bounced off of its lowest PPS since last May.

We’re actually going to go bullish on this one, and signal the LITE Weekly $44-46 Calls for observation.

Quotient Ltd. QTNT

Speaking of bounceplays, QTNT is looking interesting as well. We wanted to quickly make note of this. As you can see on the chart snapshot included below, it saw some surprising activity yesterday but came back to settle below 3.00, with the MACD on the cusp of a bullish cross and the RSI giving off a heavily oversold signal.

We’ll keep an peeled here as well, for another possible bucking of the ominous trend currently underway for the markets at large.

Extended Watchlist:
ZIOP, IPWR, TENX

Blue Horseshoe Stocks: Bottom-Watch Play & More

Eastman Kodak Co. KODK – Update

It was a few weeks ago on the 12th of January that we signaled a range of puts in the Kodak options chain. The company had seen a considerable surge in price after announcing its own unique crypto-coin, but we took a skeptical position as to its sustainability.

We highlighted the KODK 02/16 $15 & $12.50 Puts.
and wanted to come back around to it this morning to check out the gains that were made possible as the stock has predictably failed to maintain its uptrend, and instead has fallen significantly since our alert.

As a result, the $15 Puts have run from 4.70-8.80 for an 87% pop, while the $12.50’s traded from a low of 2.60 up to 6.50, a gain of 150%

Auris Medical Holding Inc. EARS

We lso want to add a quick bottom watch play in EARS to kick off the week this morning.

It’s got multiple gaps to fill to the upside and is currently considerably oversold. We’ll want to watch this stock for a potential rebound in the days and weeks ahead.

Extended Watchlist:
JAGX, MARK, USLV, BUR, GERN, XNET

Blue Horseshoe Stocks: BA, MA Updates & More

The Boeing Co. BA

We signaled some options ideas for Boeing on Wednesday morning, the BA Weekly $352.50-360 Calls. We were met with moderate-to-good intraday gains ranging from 74-188%, as we reported yesterday morning.

We have to swing back around and provide yet another update after the opportunities to profit really kicked into gear yesterday. The intraday moves and gains on the table were as follows:

$352.50 Calls – Range: 2.90-8.75 – Max Gain: 202%
$355 Calls – Range: 1.70-6.99 – Max Gain: 311%
$357.50 Calls – Range: 1.11-5.15 – Max Gain: 364%
$360 Calls – Range: .50-4.00 – Max Gain: 700%

Mastercard, Inc. MA

We added ideas for the Mastercard chain as well in yesterday’s premarket report with the MA Weekly $170-175 Calls. Those also turned out to provide the chances for some very nice intraday gains.

After the company beat solidly on earnings with rising revenues, the stock went on a run that was sufficient to create these moves on the day:

$170 Calls – Range: 2.00-5.00 – Max Gain: 150%
$172.50 Calls – Range: .80-2.70 – Max Gain: 238%
$175 Calls – Range: .24-1.05 – Max Gain: 338%

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Fresh for Friday:
Sony Corp. SNE Weekly $51.50-53 Calls*

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

Extended Watchlist:
MARK, PTI, S, DECK, AIPT, TVIX, LBCC, IMUC, VKTX

Blue Horseshoe Stocks: Options Review

The Boeing Co. BA

Yesterday morning’s premarket report featured a range of calls in the Boeing options chain, after the company’s quarterly report yielded a number of positive factors. To attempt to take advantage of the activity, we signaled the BA Weekly $352.50-360 Calls.

While the stock didn’t have an eye-popping session by any means, the moves it did make facilitated some good intraday opportunities early on, and later in the day, some even better ones. Below are the best moves made by each of our tracked calls on the day:

$352.50 Calls – Range: 2.87-5.00 – Max Gain: 74%
$355 Calls – Range: 1.90-3.94 – Max Gain: 107%
$357.50 Calls – Range: 3.00-5.52 – Max Gain: 84%
$360 Calls – Range: .67-1.93 – Max Gain: 188%

Mastercard, Inc. MA

To keep the options train rolling, we’re going to signal some calls in Mastercard, which, oddly enough, is a stock we’ve never mentioned in our reports.

It has been building a steady run up the chart for essentially the past two years, and is currently pushing its way further into blue skies following a strong quarterly showing.

We’re sure MA has long-term potential, but we’re more interested in taking advantage of the immediate situation, so we want to signal the MA Weekly $170-175 Calls for observation.

Extended Watchlist:
AAPL, BPMX, CORT, OPGN, PYPL