Blue Horseshoe Stocks: ATVI Options & More

Activision Blizzard. Inc. ATVI

We focused on stocks quite a bit earlier on in the week, so this morning we wanted to take the opportunity to put another potential options play into the mix. We’re constantly looking for company’s that have just reported earnings, which gives us the potential for the volatility that we want.

In the case of ATVI, while its quarterly figures were lacking, the tock was at a bottom, and appears to want to go green today. We will put the ATVI Weekly $42-43.50 Calls on watch this morning, and monitor for the remainder of the week for a possible rebound off of what was its new 52-week low, registered on Monday.



SPDR S&P500 ETF (SPY)

Our regular readers are well aware of our fondness for the SPY ETF. We have taken advantage of it on many occasions. A quick peek into our archives reveals that today is the 114th time we’ve mentioned the SPY in our newsletters. It’s a well that we continue to draw from, with no indications of that ever changing.

Today, after such a big move yesterday wherein the SPY broke its 200DMA, we want to look for  continuation of the bullish behavior we’re observing. We will designate the SPY Weekly $274.50-275.50 Calls as ones to watch as we head through this midweek.


Extended Watchlist:
DBD, AVLR, FCX, ADOM, RWLK, YGYI, SN

Blue Horseshoe Stocks: SPY Options & More

Hewlett Packard Enterprise Co. HPE

There hasn’t been a day in quite some time when we we’ve offered  options trading ideas to our readers and didn’t come out successful. Yesterday was definitely no exception. Our premarket report contained a flag of the HPE Weekly $16.50 & $17 Calls.

In both cases, double bag gains or better could have been achieved, with the $16.50’s making a perfect double as they ran from .55-1.10, and the $17’s pushing the envelope a bit more, rising 186% from .21-.60.


SPDRA S&P 500 ETF (SPY) – Options Idea

With the markets appearing to be in line for another solid push, we’re going to confine our fresh idea this morning to the SPY. We have traditionally had much success with trading options in this particular fund.

Today we’re going to be looking at the SPY Weekly $290-291.50 Calls, to watch into the end of the week.


Extended Watchlist:
CIEN, ADVM, GOL, KTWO, EARS, DBD, JG