Tag: CRM

Blue Horseshoe Stocks: Plenty of Options

Dicks Sporting Goods, Inc. DKS – Options Recap

We kept the options train rolling yesterday morning, with a fresh quick-strike idea for the DKS chain. Our targets of interest were the DKS Weekly $34.50-36 Calls and we got some very respectable moves out of each of those four sets of contracts.

The company posted solid quarterly figures, even as the sports superstores continued to curtail hunting/gun departments in more than 120 of its stores. That allowed for 3 out of the four contracts to post multi-bag gains, with the fourth not far behind.

Here are your total possible intraday profits which could have been realized during yesterday’s session: 

DKS Weekly $34.50-36 Calls
$107 Calls – Range: .65-1.15 – Max Gain: 77%
$108 Calls – Range: .43-.94 – Max Gain: 119%
$109 Calls – Range: .28-.95 – Max Gain: 239%
$110 Calls – Range: .20-.45 – Max Gain: 125%
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Fresh Ideas:
Foot Locker FL Weekly $38-36.50 Puts
The Buckle, Inc. BKE 09/20 $17.50-20 Calls
Salesforce.com, Inc. CRM Weekly $155-157.50 Calls
Overstock.com, Inc. OSTK Weekly $20-20.50 Calls

**Please DO NOT attempt to trade weekly options on a Friday unless you are an advanced-level trader with access to disposable funds!

Pier 1 Imports, Inc. PIR – Bottom Bouncer

We are catching PIR as it has just begun to come up off of its recently registered annual lows. We want to radar the stock here as it builds some momentum.

From current pricing, it would not be crazy to think that this retail stock may be capable of doubling as we approach retail season.

Blue Horseshoe Stocks: TNTR Recap & More

Tintri, Inc. TNTR

Our bottom call of TNTR yesterday morning to kick off the short week could not have been more perfectly timed. For more than two months the stock had been crushed down ever lower, reaching a new 52-week low once again on Friday.

We noted a significant swell in the amount of short interest in the stock, and now it appears as if the squeeze is on- the bottom bounce we said we’d be watching closely for happened right on cue and it was no small move. The stock saw its low at .36 and subsequently ran to .71, marking an intraday rip of 97%

We’re going to want to watch out for a more sustained recovery, and look to TNTR to establish higher lows over the coming sessions.

Dicks Sporting Goods, Inc. DKS

Dicks posted its quarterly report, and took off like a rocket in the premarket today, shooting up over 20% on a hefty earnings neat and raised guidance going forward.

We’re always in the mood to take advantage of a rapid spike in price action and volatility. We like to use options to leverage the activity to our benefit, and in this particular case, we are going to want to cast a wide net and keep a close eye on the DKS Weekly $35-40 Calls.
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Added Idea:
HP, Inc. HPQ Weekly $21-22 Calls

Extended Watchlist:
CODX, CRMD, NAK, CRM, OGEN, TXMD, UPL, BGI

Blue Horseshoe Stocks: Fresh Options Ideas & More

Salesforce.com, Inc. CRM – Options Update

Our fresh options idea in yesterday morning’s report panned out very well for us when all was said and done. We highlighted a range which encompassed six sets of contracts, the CRM Weekly $67.50-70 Calls, and regardless of which strike point was chosen, hefty intraday profits were there for the taking from around lunchtime, right up until the close.

The magnitude of the potential profits we observed were certainly not as epic as the two separate chances at 1500% gains provided to us by our Macy’s calls from earlier in the week, but in and of themselves, still very impressive.

$67.50 Calls – Trading Range: .70-2.04  – Max Gain: 191%
$68 Calls – Trading Range: .37-1.70 – Max Gain: 359%
$68.50 Calls – Trading Range: .35-1.20 – Max Gain: 243%
$69 Calls – Trading Range:  .12-.83 – Max Gain: 591%
$69.50 Calls – Trading Range: .13-.60 – Max Gain: 362%
$70 Calls – Trading Range:  .08-.30 – Max Gain: 275%

We must be doing something right when a 500% rip begins to seem small by comparison! In an attempt to extend our extreme good fortune with options plays this week right up to the end, we’ve prepared a couple of ideas* for possible day-trades based on premarket activity this morning.

Palo Alto Networks, Inc. – PANW Weekly $147-152.50 Calls

Baidu, Inc. – BIDU Weekly $172.50-177.50 Calls

*Pertaining to both of the preceding ideas, remember to always consider the inherent elevated risk associated with trading weekly options contracts on a Friday!

USA Restaurant Funding, Inc. USAR

After USAR offered us the chance at intraday gains of up to 51% on Wednesday as it ran from .0093-.0148, we suggested that a bounceplay could be in the cards, given the volatility we had observed- the stock had pulled back considerably toward the end of the session.

The rebound we referred to did come to pass during yesterday’s session, as USAR traded up from its daily low of  .0071 to a high of .0098. That represented a modest but solid 38% move on the day.

Agritek Holdings, Inc. AGTK – Update

We placed AGTK in our reports multiple times earlier this month, and the stock has responded with quite a nice performance in the intervening weeks since those tags.

Shortly after our most recent mention, we’d observe a low of .003 followed by a steady ramp-up at first, giving way to more significant increases this week. It culminated in a high of .0121 yesterday which marked an overall swing of 303% in fewer than a dozen sessions!

Based on its heightening activity, we’ll continue to leave a slot open for AGTK on our radar screens moving forward.

Extended Watchlist:
JCP, SUNE, EFFI, NTLK, PFSD, AEYE, RVUE, UPZS, MDFI