CGC Archives - Page 6 of 9 - Blue Horseshoe Stocks

Wrapping Up a Solid Options Trading Week

Options Recap

We presented some bearish options ideas in our premarket report from yesterday morning and thanks to a midday selloff for the markets as a whole, we were able to observe some very nice intraday gain opportunities.

SPDR S&P500 (ETF) SPY Weekly $309.50-308.50 Puts
$309.50 Puts – Range: .75-1.72 – Max Gain: 129%
$309 Puts – Range: .54-1.33 – Max Gain: 146%
$308.50 Puts – Range: .38-1.21 – Max Gain: 218%
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Canopy Growth Corp. CGC $18.50-17 Puts
$18.50 Puts – Range: 2.26-3.30 – Max Gain: 46%
$18 Puts – Range: 1.58-2.80 – Max Gain: 77%
$17.50 Puts – Range: 1.10-2.34 – Max Gain: 113%
$17 Puts – Range: .87-1.87 – Max Gain: 115%
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Fresh Idea:
JD Weekly $34.50-35.50 Calls

Extended Watchlist:
MDR, FTCH, AMAT, CGIX, SQM, JCP, GRUB, SCON

Options Movers & More

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AnaptysBio Inc. ANAB – Update

We want to backtrack to the options idea we offered up to our readers on Monday morning. We focused on longer-term targets, but the results have already begun to show after what has been a solid week of gains for the stock itself. .

Our contracts of interest are the ANAB 01/17 $10-15 Calls. So far, we’ve seen significant upward movement in the $10’s and $12.50’s, and if current trends continue, we expect the $15’s to join the party soon enough.

Here are the total possible gains from our ideas so far:

$10 Calls – Range: 1.50-2.20 – Max Gain: 47%
$12.50 Calls – Range: .60-.90 – Max Gain: 50%

The stock is still incredibly oversold and undervalued, so we’d be very surprised if we didn’t see more of its massive topside gap filled in the days and weeks ahead. Stay tuned for further updates on this one.

McDonalds Corp. MCD – Update

MdDonalds is another chain in which we recently put some longer-term contracts on watch. On Thursday of last week, we highlighted the MCD 01/17 $195-220 Calls
and those have started to gain some ground as well, despite a choppy week for stocks in general.

Here are the moves we’ve observed in these plays over the past trading week:

$195 Calls – Range: 3.65-4.80 – Max Gain: 32%
$200 Calls – Range: 1.97-2.71 – Max Gain: 38%
$210 Calls – Range: .47-.69 – Max Gain: 47%
$220 Calls – Range: .12-.22 – Max Gain: 83%

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Fresh *Bearish* Options Ideas:

SPDR S&P500 (ETF) SPY Weekly $309.50-308.50 Puts
Weibo, Inc. WB $47.50-45.50 Puts
Canopy Growth Corp. CGC $18.50-17 Puts

Extended Watchlist:
SNNA, CPA, ONCY, FCEL, CLSN, JAGX, TROV

Blue Horseshoe Stocks: Big Winners from Friday

Big Winners from Last Week

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Due to the sheer number of winning plays to report on from Friday’s newsletter, we will give only a brief summary including the name of the company, the ideas we submitted, and the total possible gains they had provided by the end of the week.

Nearly everything we’ve had our hands in recently has made some type of the move to the upside, continuing a very promising trend that we have established in the first months of 2019.

AstraZeneca plc AZN –We cited some contracts here earlier in the week (Weekly $39-39.50 Calls), as well as updated that idea on Friday with a couple of new targets at higher strike prices (Weekly $40-40.50 Calls). All contracts involved saw significant moves/new highs.

$39 Calls – Range: .55-1.39 – Max Gain: 153%
$39.50 Calls – Range: .19-1.35 – Max Gain: 611%
$40 Calls – Range: .23-.95 – Max Gain: 313%
$40.50 Calls – Range: .12-.38 – Max Gain: 217%
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Electronic Arts, Inc. EA – We had the EA Weekly $107-109 Calls in Friday’s report as a fresh idea, and all three of those plays could have worked out nicely for traders. We saw double bag gain opportunities across the board in this case.$107 Calls – Range: .78-1.60 – Max Gain: 102%

$108 Calls – Range: .50-1.13 – Max Gain: 126%
$109 Calls – Range: .33-.66 – Max Gain: 100%

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Canopy Growth Corp. CGC – We’ve been watching Canopy since well before the stock uplisted to the NYSE from the OTC, and while what was supposed to be a Canadian cannabis boom has been much more subdued than anticipated, we still like to keep tabs on this one and use its activity to our advantage wherever possible. On Friday we targeted the CGC Weekly $46.50-48 Calls and were met with multi-bag intraday gains there as well.

$39.50 Calls – Range: .83-2.01 – Max Gain: 142%
$40 Calls – Range: .62-1.60 – Max Gain: 158%
$40.50 Calls – Range: .43-1.20 – Max Gain: 179%
$40 Calls – Range: .31-.90 – Max Gain: 190%

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SPDR S&P500 ETF (SPY) – Last but not least, we had an idea for the SPY options chain, as we very often do, and all of those contracts provided us with big profit chances as they very often do! All five targets in the range of our SPY Weekly $274.50-276 Calls made big moves.

$274.50 Calls – Range: .85-2.92 – Max Gain: 244%
$275 Calls – Range: 1.26-2.62 – Max Gain: 108%
$275.50 Calls – Range: .86-2.61 – Max Gain: 203%
$276 Calls – Range: .50-1.60 – Max Gain: 220%
$276.50 Calls – Range: .22-1.10 – Max Gain: 400%

Walmart, Inc. WMT – Fresh Options Idea

Today we want to keep things rolling with a new idea to kick the week off on, and that is going to be WMT Weekly $101-104 Calls. The stock broke a double-top area of resistance on Friday, and this morning, an across-the-board earnings beat should help create some nice activity in our designated range.
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Bonus Idea:
Advance Auto Parts, Inc. AAP Weekly $165-170 Calls

Extended Watchlist:
IDVV, DPW, EROS, VIAV, BLIN, CLSD, VKTX

Blue Horseshoe Stocks: Fresh Options Ideas & More

OPTIONS UPDATES

Activision Blizzard. Inc. ATVI – To follow up with our idea from Wednesday morning in our premarket report, the ATVI Weekly $42-43.50 Calls, we wanted to provide one more update after another big move from the stock pushed our highlighted targets to new highs yesterday, and registered a really impressive two-day swing.

The following moves are the overall increases from the lows we observed on Wednesday:

$42 Calls – 1.32-4.50 (+241%)
$42.50 Calls – .98-4.00 (+308%)
$43 Calls – .70-3.50 (+400%)
$43.50 Calls – .44-3.05 (+593%)

Today, we are going to turn our attention to a slightly higher strike area, the ATVI Weekly $44.50-46 Calls*.
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AstraZeneca plc AZN – The AZN Weekly $38-39.50 Calls were on our radar yesterday morning as our fresh options idea, and despite the lower end of that range being pushed too far in the money, we still saw some solid moves out of the $39’s and $39.50’s.

The $39’s ran from .55-.90 for a gain of 64%, while the $39.50’s cruised from a low of .19 to hit .55; a big-time intraday pop of 189% We want to continue to watching this chain as well, with the 39.50’s, and also rolling up to include the $40 and $40.50’s*.
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FRESH IDEAS:

SPY Weekly $274.50-276 Calls*
CGC Weekly $46.50-48 Calls*
EA Weekly $107-109 Calls*
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*Trading Weekly contracts on Friday should not be attempted unless you are an expert level trader with disposable funds.

Invacare Corp. IVC – Recap

Also appearing in yesterday’s report, was IVC, which we tagged in our extended watchlist. The stock made a good move on the day, which warrants further observation in coming sessions.

From a low of 7.21 IVC reached 9.54, which was good for an intraday rise of 32% which made it the second highest gainer on the NASDAQ for Thursday. We’ll continue to monitor this one as well.

Extended Watchlist:
ARSN, CBAY, SLDB, ICON, NGL, ADMA

Blue Horseshoe Stocks: SPY Calls & More

SPDR S&P500 ETF (SPY)

We are wrapping up a very solid week, which even included a twenty-bagger (NFLX $300 Calls, +2069%). This morning, with the markets appearing to be geared toward bullish finish to the week, we will entertain a range of SPY Calls, for the possibility of some good daytrades to really end things on a high note going into the upcoming long weekend.

The SPY is our go-to target when not a lot else is jumping off of the scanner, and we’ve played it successfully on more occasions to count. The most recent being a couple of sets of ideas we made just prior to the New Year, which resulted in gains ranging from 300-600%

Today, we are going to be tracking the SPY Weekly $263.50-265 Calls.*
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Bonus Ideas:
JBHT 02/15 $100 & $105 Calls
CGC Weekly $43-44.50 Calls*
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*Please do not attempt to trade weekly options on a Friday unless you an advanced level trader with disposable funds.

Extended Watchlist:
BPTH, MTNB, KNDI, HSGX, CRBP, CCCL