BDSI Archives - Blue Horseshoe Stocks

Options Reviews, Fresh Ideas

Options Runners:

We’re ready to kick off a fresh trading week today, but before we can dive into what’s looking ripe for the picking this morning, of course we need to go over the solid gains that occurred in our targeted options plays from Friday morning’s premarket report.

Three of our four designated set of options ideas on the day panned out to some significant gain opportunities for us. We were looking at the EXPE Weekly $202.50-207.50 Calls, the F Weekly $17.50-18 Calls, and the NET Weekly $119-122 Calls. The moves we witnessed weren’t eye-popping, but they were very respectable, especially considering how poorly things went for the markets in general.

Here were the total intraday runs and possible profits associated with those targets:

EXPE Weekly $202.50-207.50 Calls
$202.50: 1.69-4.75 (+181%)
$205: .97-3.00 (+209%)
$207.50: .59-1.74 (+195%)
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F Weekly $17.50-18 Calls
$17.50: .54-.86 (+59%)
$18: .18-.39 (+116%)
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NET Weekly $119-122 Calls
$119: .47-1.20 (+155%)
$120: .28-.98 (+250%)
$121: .29-.69 (+138%)
$122: .20-.50 (+150%)

Fresh Options Ideas:
PBR Weekly $14-14.50 Calls
GT Weekly $15.50-16.50 Calls
WEBR Weekly $10 Puts

Extended Watchlist:
TCBP, SOPI, MOTS, KAVL, BDSI, CNR, KSCP, UCPA, IGEX, NSAV, EEGI, ILIN

Midweek Options Review & More

Midweek Options Review

We offered up a buffet of options choices yesterday, and two of our ideas panned out immediately, with our longer-term idea still needing some time to mature.

The ones that worked out without delay were the designated ideas from the DBI and CONN chains. They were the DBI 12/20 $17.50-15 Puts and the CONN 12/20 $17-15 Puts. Both of those were bearish signals on puts, and both yielded solid intraday results, good for opportunities to score the following daily gains:

Designer Brands, Inc. DBI 12/20 $17.50-15 Puts
$17.50 Puts – Range: 2.60-3.71 – Max Gain: 43%
$15 Puts – Range: .60-1.36 – Max Gain: 127%

Conn’s Inc. CONN 12/20 $17-15 Puts
$17 Puts – Range: 2.00-3.30 – Max Gain: 43%
$16 Puts – Range: 1.45-1.92 – Max Gain: 32%
$15 Puts – Range: .70-1.60 – Max Gain: 129%
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Fresh Ideas
HOME 03/20 $5.00-7.00 Calls
CHWY Weekly $25.50-26 Calls
PLCE Weekly $61-59 Puts

Extended Watchlist:
NVUS, TYHT, KNSA, CNST, BDSI, XBIT, QFIN

Blue Horseshoe Stocks: WMT Options & More

Walmart, Inc. WMT – Options Idea

Walmart was already building a nice head of steam on the chart in the weeks leading up to this morning’s earnings release. Things have kicked up a notch this morning as Walmart recorded a resounding across-the-board beat, including an online sales increase of 33%

Given that we are always looking out for opportunities to trade options on the heels of a solid earnings beat, we are going to slate some Walmart calls for observation this morning.

We’ll be tracking the WMT Weekly $86.50-88.50 Calls after what we expect should be a dip-and-rip scenario.

Altimmune, Inc. ALT

We would also like to make mention of ALT this morning, after taking notice of the significant pickup in both price action and volatility yesterday.

That was preceded by a lengthy consolidation period as you can see on the snapshot below, and at the present time, the stock is beginning to come off of being oversold. We’ll watch this one for a potential recovery play in upcoming sessions.
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Extended Watchlist:
BDSI, BIOC, BLNK, IMMU, FRED, NOG

Blue Horseshoe Stocks: ANY Review & More

Sphere 3D Corp. ANY

We’ve often said in the past that it’s better to be early to the party than late, and ANY is a perfect example of why. We tagged this play on Wednesday after noticing some unusual activity the previous day, and things didn’t really kick off right away. We observed a low of .15 during that session.

Yesterday is when things really moved into high gear, with the stock having an excellent day, trading in a range from .1941 on up to .29 for a 49% rip, and we’ll definitely want to keep tracking the activity into today, as the premarket high has equaled yesterday’s daily high.

From the low of .15 that we saw on Wednesday, ANY’s total upswing thus far has amounted to 93% Quite a respectable two-day jump.

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Vivint Solar VSLR Recap – Speaking of solid movers, we also wanted to quickly update the total observed range we’ve seen on VSLR, which reached a new high of 5.50 yesterday. From our witnessed low of 2.75 following our report on the morning of May 18th, that comes out to a nice, round 100%

AVEO Pharmaceuticals, Inc. AVEO

We want to radar AVEO in the wake of the announcement that its advanced renal cell carcinoma treatment has been recommended for EU approval by a scientific committee of the European Medicines Agency. The stock has gapped up into Blue Skies this morning as a result, with a new 52-week high of 1.28.

Concerning the chart itself, the 50DMA is rising toward the 200DMA and it appears as if a Golden Cross is imminent. We’ll want to see AVEO hold at or above recent resistance at .89 on any dips in order to hold our interest.

Bed Bath and Beyond, Inc. BBBY – Options Idea

We’re bearish on BBBY following the company’s post-market earning miss yesterday, which has caused a breach of trend-line support to the low side. We’ll be observing the BBBY Weekly $31.50-30.50 Puts* for possible day trade opportunities.

*We don’t include mentions of weekly options contracts on a Friday without explicitly warning our readers every time. Trading weekly options at the end of the week is a hugely risky proposition that should never be attempted unless you are an expert trader!

Extended Watchlist:
DTII, IDRA, TROV, AKS, FALC, BDSI, MARA

Blue Horsesehoe Stocks: New Highs on DCTH & More

Delcath Systems, Inc. DCTH

We brought DCTH back into the fold in yesterday morning’s premarket report, and it wasn’t a moment too soon. We mentioned our prior alert on the stock from last Monday. after which we would see a low of .0413 and subsequent run to a dime leading into yesterday’s session.

Then things really kicked into motion, with DCTH ripping its way from a daily low of .1037 all the way up to a whopping thirty cents! That worked out to an intraday bull run of 189% and extended our overall observed range from last Tuesday’s low to a mammoth 626%

That range has been extended even further to 745% in the premarket this morning as DCTH has hit a new high of .349. Unsurprisingly, volume over this period of huge gains has also been extremely heavy. We’ll continue to monitor DCTH in the hopes that it can sustain this fantastic multi-day run.

Vivint Solar, Inc. VSLR

In addition to including a remind tag on VSLR in yesterday’s report, we initially alerted this play on May 18th, and it’s been nothing but smooth sailing since then, en route to some pretty nice gains.

On the morning of the 18th VSLR touched a low of 2.75 and it never looked back. Yesterday, it managed a new high of 5.30, which represents a move of 93% over the course of roughly a month’s time. The sudden extra boost it received this week coul be due, in part, to a Goldman Sachs upgrade from Neutral to Buy on the stock and the raising of the price target to $6.

Adobe Systems Inc. ADBE – Options Idea

Adobe had its Q2 earnings call yesterday post-market, and blew expectations on the Street out of the water. As a result the stock is gapping up considerably this morning in the premarket, and we’d like to have an options idea ready and waiting to take advantage of the commotion.

We’ll radar the ABDE 06/30 $147 & $148 Calls and track them over the remainder of this week and possibly into the next.

Extended Watchlist:
ANY, AMD, BIOC, BDSI, DRAM, ITUB, MBRX