Blue Horseshoe Stocks

Solid Start to the Week, 3 Fresh Plays

Recap for Monday’s Report:

The week got off to a pretty good start on Monday, despite a brief lull in the flow of big time earnings reporters. We had signaled interest in some SPY Calls as well as a couple of longer-term looks that we feel could have potential in the days and weeks ahead, in our premarket report. The SPY performed quite well, and one of the two February ideas produced immediate positive intraday results.

Those two target sets were the SPY 01/22 $482-483 Calls, and the PBF 02/16 $43-44 Calls. , and in addition to their daily performances, we also have some nice new highs to report on the SAVE 02/16 $5.00-7.50 Calls we’ve been tracking since last Wednesday.

SPY 01/22 $482-483 Calls
$482: 1.13-2.39 (+112%)
$483: .51-1.24 (+143%)
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PBF 02/16 $43-44 Calls
$43: 1.90-2.35 (+24%)
$44: 1.40-1.75 (+25%)
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SAVE 02/16 $5.00-7.50 Calls
$5.00: .68-3.38 (+397%)
$7.50: .25-1.83 (+632%)

Fresh Options Ideas:
RTX Weekly $87-88 Calls
UAL Weekly $39.50-40.50 Calls
GE Weekly $130-129 Puts

Extended Watchlist:
PHUN, CYN, FAZE, RUM, OTLK, GPAK, RVSN, ENSC, FNMA, FMCC, IGPK, HLLK, ILUS

Friday’s Rippers, 3 New Ideas

Fantastic Friday Finish:

Things really could not have gone much better for us on Friday to close out the short trading week. We had highlighted potential options plays in three chains and got awfully good results from each of the posted ideas in our premarket report for the day. Our 2024 calendar year has been exceptional thus far, with very nearly everything we touch turning to potential gold.

The ideas that we had hashed out for Friday’s session were the SPY 01/19 $478-480 Calls, the TRV Weekly $200-210 Calls, and the SLB Weekly $48-49 Calls, and here were the intraday upswings each of those contract sets recorded on the day:

SPY 01/19 $478-480 Calls
$478: .63-4.71 (+648%)
$479: .33-3.78 (+1045%)
$480: .15-2.83 (+1787%)
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TRV Weekly $200-210 Calls
$200: 6.96-11.80 (+69%)
$210: .05-1.90 (+3700%)
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SLB Weekly $48-49 Calls
$48: 1.13-2.43 (+115%)
$48.50: .76-1.81 (+138%)
$97: .46-1.36 (+195%)
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We also have an update for the longer-term SAVE Calls that we initially highlighted as a possible recovery play in our report this past Wednesday morning. Essentially the stock performed exactly as we said we believed it would, coming down a little lower before bouncing back, and giving us the kind of gains we were looking for. We might have expected it to take slightly longer than it did, but our vision came to fruition by the end of what was a really great short trading week.

SAVE 02/16 $5.00-7.50 Calls
$5.00: .68-2.60 (+282%)
$7.50: .25-1.46 (+484%)

Fresh Options Ideas:

Without any interesting earnings reporters dropping figures this morning, we’re just going to go with a potential play on the SPY, and then we’ve identified a couple of longer-term potential plays to keep an eye on in the days and weeks ahead.

SPY 01/22 $482-483 Calls*
PBF 02/16 $43-44 Calls
NNI 02/16 $85-90 Calls

Extended Watchlist:
ILUS, HLLK, TONR, SALM, PHUN, LYT, LIFW, RVSN, CHRS, SGMT, OCTO, TALO

MEGA Moves in the SPY, Trio of Fresh Ideas

Huge SPY Moves, Options Recap:

The markets absolutely ripped on Thursday, and the feeling has continued into today where the S&P 500 seems set to open above its all time high from January of 2022. That meant really good things for the SPY Calls we featured in yesterday’s premarket report. In fact, three of our four daily options candidates were calls, and all three of them produced really nice intraday upswings.

Our winning targets for the session were the SPY 01/18 $473-475 Calls, the TSM Weekly $109-111 Calls, and the DFS Weekly $96-97.50 Calls, and those SPY $475 Calls were the very clear favorite, as they put up some truly astonishing figures, to the tune of more than a SIXTY-BAGGER in the $475’s:

SPY 01/18 $473-475 Calls
$473: .44-4.00 (+809%)
$474: .16-3.00 (+1775%)
$475: .03-2.01 (+6600%)
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TSM Weekly $109-111 Calls
$109: 1.41-4.05 (+187%)
$110: .83-3.40 (+310%)
$111: .49-2.53 (+416%)
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DFS Weekly $96-97.50 Calls
$96: 2.15-2.96 (+38%)
$97: .88-1.25 (+42%)
$97.50: .79-1.75 (+121%)

Fresh Options Ideas:
SPY 01/19 $478-480 Calls*
TRV Weekly $200-210 Calls*
SLB Weekly $48-49 Calls*

*Only experienced traders should attempt to trade options contracts on their day of expiration

Extended Watchlist:
BFX, JTBK, TONR, PHUN, TGL, PCSA, FTCHF, MONI

Wednesday Winners, 4 New Trading Ideas

A Solid Midweek Performance:

Things went pretty well for us on Wednesday. All three of the quick-strike ideas we entered into the log in our premarket report returned some pretty good figures. We haven’t had many earning reporters to work with so far in 2024, but we’ve been getting along quite well, and are now finally heading into another earnings season so things should be pretty interesting from here on out.

Yesterday’s movers and shakers were the SPY 01/17 $474-473 Puts, the NVDA Weekly $562.50-565 Calls, and the SCHW Weekly $64-62.50 Puts. Here were the daily advances and total possible gains that were on the table for these targets:

SPY 01/17 $474-473 Puts
$474: 1.53-4.00 (+161%)
$473: .89-3.10 (+248%)
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NVDA Weekly $562.50-565 Calls
$562.50: 2.18-6.62 (+204%)
$565: 1.72-5.40 (+214%)
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SCHW Weekly $64-62.50 Puts
$64: .69-1.18 (+71%)
$63: .30-.58 (+93%)
$62.50: .48-.85 (+77%)

Fresh Options Ideas:
TSM Weekly $109-111 Calls
BIRK Weekly $45-43.50 Puts
DFS Weekly $96-97.50 Calls
SPY 01/18 $473-475 Calls*

*Only experienced traders should attempt to trade options contracts on their day of expiration

Extended Watchlist:
ATHXQ, KYNC, BDPT, EVFM, CBDW, AMMJ, CNHC, MRAI, ROMA, LYT, PHUN, CELU, AGFY

Tuesday’s Runners, 4 Fresh Ideas

Good Start to the Short Week:

We got things off to a pretty good start on this holiday-shortened week, despite only formulating a couple of possible options plays for our readers. The two targets that we did highlight in our premarket report, certainly put up some very solid numbers across the board, with multibag gain potential in each set of contracts mentioned.

Those were the NVDA Weekly $547.50-550 Calls, and the GS Weekly $377.50-382.50 Calls, and and here were the intraday upswings they posted for Tuesday’s session:

NVDA Weekly $547.50-550 Calls
$547.50: 9.54-22.70 (+140%)
$550: 7.95-20.65 (+160%)
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GS Weekly $377.50-382.50 Calls
$377.50: 3.63-8.75 (+141%)
$380: 2.35-7.13 (+203%)
$382.50: 1.73-5.40 (+212%)

Fresh Options Ideas:
SPY 01/17 $474-473 Puts*
NVDA Weekly $562.50-565 Calls
SCHW Weekly $64-62.50 Puts

We also want to enter a potential longer-term play on Spirit Airlines into the mix, which is getting crushed after a judge blocked its merger with Jet Blue. Even if it continues to fall a bit, we’re taking the position that a snap-back may occur shortly thereafter, so we’re going to track the SAVE 02/16 $5.00-7.50 Calls in the days and weeks ahead.

*Only experienced traders should attempt to trade options contracts on their day of expiration

Extended Watchlist:
LMDXF, GEGI, CVVUF, KYNC, SFRX, IPIX, ZVSA, BFRG, SLDP,