Tag: BIIB

Reviewing Yesterday’s Ideas, Highlighting New Ones

Reviewing Yesterday’s Plays

We had a number of bearish options ideas that we listed in yesterday morning’s premarket report, and thanks to a lackluster performance for the markets at large, as well as ongoing concerns about the rapidly spreading coronavirus, we got some early returns off of those targets.

The gains are modest so far, but we’ll continue to track the lot of them as the week progresses.  

DAL Weekly $57-56 Puts
$57: 1.20-1.90 (+58%)
$56.50: .96-1.56 (+62%)
$56: .78-1.18  (+51%)
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UAL Weekly $80-79 Puts
$80: 2.77-3.75 (+35%)
$79: 2.00-3.00 (+50%)
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SPY Weekly $325-322 Puts*
$325: 1.85-2.92 (+58%)
$322: .97-1.65 (+70%)

*There were a couple other SPY contracts within this range, that produced similar gains to those listed above.

Fresh Options Ideas

LMT  Weekly $435-440 Calls
BIIB Weekly $282.50-285 Calls
PBF 06/19 $28-30 Calls 

Blue Horseshoe Stocks: Earnings Related Options Ideas

Earnings Related Options Ideas

As our regular readers are well aware, a majority of our focus in recent years has been shifted from straight stock trading ideas to options. More specifically, short-term options in companies that have just reported their quarterly earnings.

We are the absolute best newsletter for options daytrading in existence, routinely providing ideas with multi-bag gain potential each and every week. Our record, which anyone can view at any time in our archives, speaks for itself.

After a huge number of reporting companies just released their quarterlies and several high impact economic reports came back positive this morning, we’re going to revisit some ideas in a few chains that have been good to us in the past:

Shake Shack, Inc. SHAK Weekly $67.50 Calls
Weight Watchers International, Inc. WW Weekly $22.50 Calls
SPDR S&P500 ETF (SPY) Weekly $292.50 Calls
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Bonus Idea:

Biogen, Inc. BIIB has been largely trading sideways since its huge flop on its alzheimer’s drug back in March caused a massive cratering of the stock. We look for large gaps on charts like this, along with signs that a stock has reached its lowest likely trading value. The latter signal, we can infer from the huge blocks of insider buying at current levels which have been reported over the past week. Two Form-4’s amounting to a total of roughly $20M in insider buys suggest that the current base is solid. We’ll look to take advantage of a longer-term idea and track the BIIB 07/19 $240-250 Calls.

ARCA Biopharma, Inc. ABIO

Occasionally we do still provide straight stock ideas as well, when a solid bottom or news play catches our attention. We put ABIO on bottom watch at the end of March when it was trading in the upper-$6 to $7 range. The stock was under steady consolidation for the whole of April, and reached as low as 5.01 just this week before launching into a huge two day uptrend.

Yesterday it reached a new high of 20.45, which marks an overall rise of 308% We also re-tagged it in our premarket report yesterday, and for those that only put it on their radars following that alert, yesterday’s intraday move alone was fairly impressive. It ran from 12.03 up to the previously mentioned high, which marks a one day upswing of 70%

Extended Watchlist:
TROV, SUNW, UXIN, CBLK, BRKR, CBLK, RPD, ADOM, VTVT, ZIXI, IDEX

Blue Horseshoe Stocks: Cleaning Up on Options Trading

Options Winners

We’ve been firing on all cylinders with regard to our short term options ideas recently. Yesterday we offered up some ideas for AAPL and BIIB and in both cases, multi-bag intraday returns were attainable no matter which set of contracts were chosen from our target ranges.

Apple, Inc. AAPL

We went bearish on AAPL for a number of reasons, chief among them being a disappointing earnings release, and negative statements by CEO Tim Cook. We were looking for activity in the range of the AAPL Weekly $97-95.50 Puts provided the stock continued to backslide, and were duly rewarded for the idea.

$97 Puts – Trading Range: 1.58-3.72  – Max Gain: 135%
$96.50 Puts – Trading Range: 1.27-3.27 – Max Gain: 157%
$96 Puts – Trading Range: 1.05-2.85 – Max Gain: 171%
$95.50 Puts – Trading Range: .83-2.45  – Max Gain: 195%
$95 Puts – Trading Range: .65-2.10 – Max Gain: 223%

Biogen, Inc. BIIB

On the other side of the fence, BIIB was gapping up hard in the premarket and we liked the chances of seeing some more upside. We highlighted BIIB Weekly $267.50 through $280 Calls and it worked out in spades.

$267.50 Calls – Trading Range: 6.30-17.50  – Max Gain: 178%
$270 Calls – Trading Range: 4.70-15.30 – Max Gain: 226%
$272.50 Calls – Trading Range: 3.45-12.30 – Max Gain: 257%
$275 Calls – Trading Range: 2.45-10.50  – Max Gain: 329%
$277.50 Calls – Trading Range: 1.74-8.45 – Max Gain: 386%
$280 Calls – Trading Range: .99-7.00 – Max Gain: 607%

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Fresh Ideas*

Under Armour, Inc. UA – We’ll go ahead and signal some new options ideas this morning as the opportunity has presented itself in the form of an impressive Under Armour earnings beat. Wildly exceeded expectations are fueling a premarket gap-up, and we’re going to be taking a look at UA Weekly $75-79.50 Calls provided UA holds that $75-mark on any early dips.

Facebook, Inc. FB –  FB is also cruising in early trading today on the strength of a well-received earnings release of its own. We’re going to respond by tagging FB Weekly $105-110 Calls for observation as we head into week’s end.

*Pertaining to both of the preceding ideas, remember to always consider the inherent elevating risk associated with trading weekly options contracts as the end of the week approaches!

Extended Watchlist:
NESC, NUOT, RCAP, GNBT, CDII