Tag: CPB

Blue Horseshoe Stocks: Options Recap, Form-4’s

Campbell Soup Co. CPB

After Campbell’s beat on earnings, we formulated an options idea in yesterday’s premarket report to go along with the activity we were observing. Our targets were the CPB Weekly $38.50-40.50 Calls, and despite a down day for the markets in general, CPB produced just the right performance to allow for some really nice gains.

Every single one of the five contracts contained within our designated range produced a big opportunity for quick profits.

$38.50 Calls – Range: 1.50-2.94 – Max Gain: 96%
$39 Calls – Range: .91-2.52 – Max Gain: 177%
$39.50 Calls – Range: .83-2.05 – Max Gain: 147%
$40 Calls – Range: .55-1.80 – Max Gain: 227%
$40.50 Calls – Range: .40-1.40 – Max Gain: 250%
______

Fresh Options Idea:
ADSK Weekly $131-133 Calls

Form-4 Alerts

Aside from earnings-related options ideas, we also routinely scan for Form-4 submissions indicating insider buying on stocks that are at or near a relative low. We also look for stocks whose charts have large gaps to fill to the upside.

Both of the following stocks we’re placing on bottom watch here check all of those boxes, as you can see on the included side-by-side charts. We’ve also formed a corresponding options idea for both:

Zillow Group Inc. Z
01/18 $30-40 Calls

Coty, Inc. COTY 
01/18 $8-10 Calls

Extended Watchlist:
SGSI, INPX, FPAY, BJ, TAOP, NVLN, CREG, PAGS, CMCM, BZUN, NBEV

Blue Horseshoe Stocks: Post-Earnings Options

Spectrum Global Solutions, Inc. SGSI

The first thing we want to do this morning is to go over the performance of SGSI following our detailed report published in the premarket. If you didn’t catch it, we urge you to read it over now (>>View Report).

Aside from going over some of the attractive features of the company, we indicated that the stock had reached a double-bottom area of support, and the activity unfolded as a classic bottom bounce play, complete with some excellent volatility. The stock traded from a low of .265 and hit a daily high of .45. That’s a 70% intraday swing which came on more than four times the monthly average volume.

We’ll be very interested to continue tracking this play in the days and weeks ahead. We’ll look for it to establish higher highs and higher lows, and potentially make a run at the current 50DMA of .6275.

Fresh Ideas

We’ve also got a pair of post-earnings options ideas to add into the mix this morning.

Campbell Soup Co. CPB – Campbell’s beat on earnings even as quarterly profit slid by nearly a third. Along with the help of solid guidance, the stock is up in the premarket. We’ll be tracking the CPB Weekly $38.50-40.50 Calls.
______

Lowes Companies, Inc. LOW – Lowes had a mixed release as well, but looks bearish even after its own earnings beat, and the news that the company would pull back Mexico operations to focus more on the US Market. At the present time, we’re looking at the LOW Weekly $87-85 Puts.

Blue Horseshoe Stocks: Fresh Options Idea & More

Campbell Soup Co. CPB – Options Update

We opened up the week yesterday with a fresh options idea, designating the CPB Weekly $30.50-$42 Calls for observation, and we were pleased to be met with potential gains across the board. While not every contract set was a huge runner, they all made gains, including 4 out of 6 recording multi-bag performances on the day.

$30.50 Calls – Range: 2.26-3.12 – Max Gain: 38%
$40 Calls – Range: 1.00-3.00 – Max Gain: 200%
$40.50 Calls – Range: 1.63-2.00 – Max Gain: 23%
$41 Calls – Range: .95-2.10 – Max Gain: 121%
$41.50 Calls – Range: .80-1.80 – Max Gain: 125%
$42 Calls – Range: .60-1.50 – Max Gain: 150%

With the way CPB stock itself behaved, we’ll be very interested to continue to keep an eye on the activity in these plays as the week progresses.

Fresh Options Idea – Harley-Davidson, Inc. HOG

As promised, we also have another fresh options idea today. Harley announced plans to shift some of its US production overseas to avoid EU tariffs over the weekend, and was promptly slammed by Donald Trump.

This has caused a clear over-reaction by enough traders/investors as well as a spike in short interest which is driving the stock down rapidly. It is approaching a multi-bottom setup on the chart, and we’re going to want to be ready to take advantage when the rebound occurs.

We’re going to signal the HOG 08/03 $43-44 Calls, and remain watchful over HOG in the days and weeks ahead for a rebound that could be coming at any time.

Extended Watchlist:
AVGR, GE, GWPH, IIIV, INFI