Blue Horseshoe Stocks: Options Success Continues

OPTIONS REVIEW

First thing’s first today, we’re going to highlight the total possible gains which have resulted from options ideas we’ve posted in our morning reports over the past three trading days.

On Friday morning, we slated the GlaxoSmithKline plc GSK 05/17 $41 Calls for observation, and have seen a very solid increase since then. The $41 Calls were trading as low as .32 the morning of our alert, and yesterday, reached a high of .65. That marks a three-day swing of 103% The company posted an earnings beat this morning, so we’ll continue to monitor for any further potential progress here.
_____

Yesterday morning, we flagged the Seagate Technology plc STX Weekly $46.50-47.50 Calls, and were met with instant good fortune with those ideas. The single-session gains on this set of ideas was excellent:

$46.50 Calls – Range: 1.02-2.25 – Max Gain: 121%
$47 Calls – Range: .75-1.65 – Max Gain: 120%
$47.50 Calls – Range: .75-1.35 – Max Gain: 80%
_____

Lastly, also in yesterday’s report, we had the GE Weekly $10 Calls, and those fared reasonably well also, trading in a daily range from .19-.35 (+84%).
_____

POST-EARNINGS OPTIONS IDEAS:
Apple, Inc. AAPL Weekly $207.50-210 Calls

CVS Corp. CVS Weekly $56-58 Calls


Extended Watchlist:
HEB, OCUL, MTOR, GRPN, SNGX, CRSP. IPHI

Blue Horseshoe Stocks: CPST Recap & More

SPDR S&P 500 ETF (SPY) – Recap

We were looking to take advantage of the rebounding markets yesterday morning with some SPY calls, and it turned out to be a solid idea for the day.

We told readers to look out for a classic dip-and-rip scenario, which did ultimately come to fruition. We designated the SPY Weekly $264-266 Calls as our targets and saw notable intraday moves out of each and every one.

$264 Calls – Range: 1.83-3.09  – Max Gain: 69%
$264.50 Calls – Range: 1.62-2.72 – Max Gain: 68%
$265 Calls – Range: 1.28-2.37 – Max Gain: 85%
$265.50 Calls – Range: 1.05-2.00 – Max Gain: 90%
$266 Calls – Range: .83-1.70 – Max Gain: 105%
__________

Fresh Options Idea:
Pricesmart, Inc. PSMT 04/20 $80 & $85 Calls


Capstone Turbine Corp. CPST

We’d like to wrap things up this week by coming back to CPST to highlight the excellent performance of the stock since our alert on the morning of March 12th.

In the three weeks since then, CPST has been on a near-continual run up the chart, even as the markets ran into some trouble earlier this week. From its low of .934 subsequent to our alert, to yesterday’s high of 1.53, the stock has produced a move of 64% Volume also picked up drastically yesterday, leaving us anxious to see where the current surge of momentum will take CPST.


Extended Watchlist:
CRSP, SPI, OPTT, RIGL

Blue Horseshoe Stocks: Bottom Plays & More

Syros Pharmaceutical, Inc. SYRS

First up on the docket for this morning is a potential bottom play that we’re going to want to put on our radars over the coming sessions. SYRS reported some less-than-ideal clinical data, and the stock got absolutely crushed yesterday.

We don’t ignore news developments, but we are constantly looking for over-abused stocks to pounce on during their recoveries, and one definitely seems in order for this play at the present juncture. The filling of the gap that was left on the chart by the sell-off would mean roughly 50% in gains from the current PPS.


Tenet Healthcare Corp. THC

We made it known yesterday morning that we had an interest in tracking the THC 01/26 $13.50-14.50 Calls as the stock appeared to be ripe for continuing its recent bottom-bounce. THC did just that, but our tracked options didn’t heat up too much yet, posting gains of just 15-24% on the day. That could be set to change today, as the stock is showing signs of a gap up and possible continued upward momentum this morning.

We’ll be sure to make monitoring the ongoing activity here one of our top priorities for the rest of this week. This may only be the beginning of THC’s rebound off of its recently established new annual lows.


Riot Blockchain, Inc. RIOT

We began tracking RIOT on November 2nd at a low of 6.33, mentioning it three times over the course of the following month. The stock saw a massive run to 21.76, for a serious move of 244%

That was followed up by a pullback to a low of 12.01 on 11/30, and since then the stock has been making a push for those highs once again, yesterday reaching 23.67. That’s an added swing of 97% on top of the previous run we witnessed, and it leaves us interested to see if the stock can re-test and possibly breach the highs off of the previous run.


Extended Watchlist:
HIVE, SPHS, PTI, ECR, SRAX, CRSP