Tag: CAT

Blue Horseshoe Stocks: CAT Breakout & More

PetMed Express, Inc. PETS

We signaled a longer-term options idea for PETS yesterday which needs some time to ripen, but with the solid move in the stock itself, we figured we’d recap its performance since our initial alert on it six weeks ago.

We caught PETS at a low of 32.90, which makes its 43% run to 46.94 this week that much more impressive. For a thirty-dollar stock to gain more than a third of its value in a matter of just a few weeks, is no small feat.

We’ll continue to keep our selected options, the PETS 11/17 $40-50 Calls on watch over the next few weeks.

Caterpillar, Inc. CAT

Speaking of high dollar stocks that we’ve alerted and then gone on to see impressive gains, we’ve got CAT in our sights again this morning after a solid earnings beat. We’re going to want to highlight some options ideas here as well, but first, let’s talk about the incredible bullish run of Caterpillar this year.

We were talking about this stock back in March, and that same month, the stock traded for as little as 90.34, and has essentially been in a continual uptrend ever since. Measured to this morning’s new premarket high of 141.98, it represents an increase of 57% in just over six months.

As for the options we’ll want to track on the heels of CAT’s earnings beat this morning, we’ll be looking at the CAT Weekly $136-141 Calls.

Atossa Genetics, Inc. ATOS

We’d also like to quickly recap the respectable intraday performance recorded by ATOS following our alert on the stock yesterday morning.

From an early low of .50, ATOS ran to .636 for a solid 27% move which came on more than three times the monthly average volume.

On a side note, the company has also announced that it will hold a conference call tomorrow morning at 10am EDT to discuss preliminary results from the Phase I study of its proprietary oral Endoxifen, an active metabolite of the FDA-approved breast cancer drug tamoxifen. The conference call will be available through a live webcast at www.atossagenetics.com so we’ll be sure to tune in for that.

Extended Watchlist:
HMNY, RCON, ZYNE, KNL, CEMP, DXTR

Blue Horseshoe Stocks: Options Bonanza

Post-Earnings Options Success

Yesterday morning, a focus in our premarket report on Caterpillar and McDonald’s options proved to be a big success. Both companies exceeded expectations on their delivered earnings reports, and early activity suggested that opportunity was in the air.

We signaled multiple contracts for each of them, and no matter which chain and strike price was chosen, respectable intraday profits were there for the taking. The specific ideas we highlighted were the CAT Weekly $111-114 Calls, and the MCD Weekly $152.50 &155 Calls, and their subsequent moves were as follows:

Caterpillar, Inc. CAT
$111 Calls – Range: 2.00-3.88 – Max Gain: 94%
$112 Calls – Range: 1.36-2.88 – Max Gain: 112%
$113 Calls – Range: .85-2.15 – Max Gain: 153%
$114 Calls – Range: .58-1.44 – Max Gain: 148%

McDonald’s Corp. MCD
$152.50 Calls – Range: 4.35-7.50 – Max Gain: 72%
$155 Calls – Range: 2.15-5.00 – Max Gain: 133%

We’re seeing marginal premarket pullbacks from each stock this morning, but will continue to keep an eye on these play as we head into week’s end.
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Added Options Notes: Speaking of the end of the week, we’ve got an onslaught of big name earnings releases coming tomorrow and Friday, so expect the options intensity to ramp up quickly. We;ve got some fresh ideas today as well:

We also want to begin tracking a set of contracts in Chipotle Mexican Grill, Inc. CMG. We’ve been watching the stock get hammered down for the better part of the last two months, and yesterday it gave the reversal signal we’ve been looking for.Others have caught on as well, with the stock surging in premarket trading this morning. We’re going to be watching the CMG 8/11 $360-370 Calls.

Additionally, we’re also noticing a cherry of a chart setup on The Hershey Co. HSY, which, when paired with a big time beat on their own Q2 earnings, should make for a decent rebound. We’ll be staying on top of the HSY 08/18 $110 & 111 Calls.

AK Steel Holding Corp. AKS

We’ll also continue to keep an eye on AKS, which we tagged in yesterday’s report. The stock did rise, if only slightly (6.35-6.88), so we’ll want to track it for a more sustained run. It’s already trading above its 20 and 50-day moving averages- next we’d like to see it make a run at the 200DMA at 7.44.

Extended Watchlist:
PETX, IFON, OCUL, HMNY

Blue Horseshoe Stocks: ACRX Recap & More

AcelRx Pharmaceuticals, Inc. ACRX

We want to circle back around to ACRX this morning to give an update on its recent performance following our most recent tag of the stock on Monday of last week. We observed ACRX shares changing hands for as little as 2.80 that day, and the stock has been on a pretty nice run since then.

ACRX logged a solid session yesterday which allowed it to reach a new high of 3.65, marking an increase of 30% in a span of one week. More importantly, the stock closed at its new high, on heightened volume and is gapping up this morning, so we’ll definitely want to be on the lookout for further activity on this play, which is now trading at its highest PPS since October.

Post-Earnings Options Ideas

We usually have pretty good fortune when using the heightened activity that generally follows an earnings beat to find solid short term options ideas.

Today, Caterpillar and McDonald’s are the two big names making waves in the premarket, so we’ve formulated a range of interesting contracts in each chain to track as we head into midweek.

For Caterpillar, we’ll be looking at the CAT Weekly $111-114 Calls, and for McDonald’s, the MCD Weekly $152.50-155 Calls for potential quick-strike trades.


AK Steel Holding Corp. AKS

We want to put AKS on a longer-term watch after the company’s own solid beat on expectations for its Q2 earnings, as well as a recent upgrade from ‘Neutral’ to ‘Buy’ by Longbow Finance.

The potential for big tariffs on international steel being imposed in coming weeks is also present, and has been adding fuel to the furnace, so to speak, for steel stocks. A confirmation of those tariffs would certainly provide a boost that could send AKS higher.

Extended Watchlist:
GNCA, BKS, GEVO, TNTR, TEUM, DCIX,