Elite Options Plays & More

Continued Options Success: 

It has been an incredible week of options trading success for the plays we’ve discussed in our newsletters. Landmark gains have been falling our way all week long, with very few exceptions.

After a 4-for-4 Wednesday, we submitted three ideas for yesterday’s premarket report, and made it a 3-for-3 Thursday! Our targets were the BBY Weekly $117-119 Calls, the DG Weekly $197.50-202.50 Calls, and the WSM 06/18 $175-180 Calls.

Here are the potential gains made possible by that clean sweep of hot ideas:

BBY Weekly $117-119 Calls 

$117: 1.15-3.50 (+204%)
$118: .76-2.81 (+270%)
$119: .50-1.87 (+274%)
_____

DG Weekly $197.50-202.50 Calls
$197.50: 
5.58-9.78 (+74%)
$200: 3.50-7.86 (+125%)
$202.50: 2.00-5.56 (+178%)
_____

WSM 06/18 $175-180 Calls
$175: 2.39-4.95 (+107%)
$180: 1.50-3.75 (+150%)
_____

Fresh Options Ideas:
ULTA Weekly $335-345 Calls*
CRM Weekly $232.50-237.50 Calls*

*Please don’t trade weekly options on a Friday unless you are an experienced trader with access to disposable funds! 


Peloton Interactive, Inc. PTON:

On Monday morning, we furnished our readers with both a weekly and a longer-term set of ideas for PTON. Those were the PTON Weekly $101-103 Calls and the PTON 06/11 $105-107 Calls.

We have seen some simply incredible gains this week off of these ideas, which stand out as some of our top picks of the entire week:

PTON Weekly $101-103 Calls
$101: 1.30-11.85 (+812%)
$102: 1.00-10.90 (+990%)
$103: .76-9.50 (+1150%)
_____

PTON 06/11 $105-107 Calls
$105: 2.17-9.17 (+323%)
$106: 1.88-8.53 (+353%)
$107: 1.79-7.60 (+325%)


OTC Recaps:

We’ve also got a couple of updates on the performances of some OTC plays we’ve been tracking. We started tagging EEGI heavily beginning on April 26th and several times thereafter, including yesterday, and it nearly breached the penny barrier. NSPT is a newcomer to our reports as of Monday, and it has fared quite well so far.

Eline Entertainment Group, Inc. EEGI
First Alert: 04/26
Subsequent Range: .0005-.0097
Total Possible Gain:+1840%
_____

Newron Sport, Inc. NSPT
First Alert: 05/24
Subsequent Range: .0033-.0086
Total Possible Gain:+161%


Extended Watchlist:
TAWNF, AAPT, GMER, RGST, CBYI, VIZC, EFIR, GMPR, WSGF

Big-Time Options Scores, Fresh Ideas

Clean Sweep on Daily Options Ideas: 

It’s a simple truth that no one can be right on every hunch every time, so when we formulate a large group of quick-strike ideas, it’s always nice when we can hit on each and every play.

Such was the case with yesterday morning’s premarket report, in which we offered our ideas on four separate options chains. We went four for four with the DKS Weekly $88-91 Calls, the URBN Weekly $37-39 Calls, the ANF Weekly $39-40.50 Calls, and the SPY 05/26 $418-420 Calls. All the way down the line, we saw significant intraday runs.

These were the ranges and total possible intraday gains available in those targets:

DKS Weekly $88-91 Calls 

$88: 4.13-10.66 (+158%)
$88.50: 3.78-11.64 (+208%)
$90: 2.00-10.00 (+400%)
$91: 1.95-8.65 (+344%)
_____

URBN Weekly $37-39 Calls
$37: 
2.74-3.70 (+35%)
$37.50: 1.31-3.01 (+130%)
$38: 1.60-2.60 (+62%)
$38.50: .95-2.20 (+132%)
$39: .80-2.50 (+212%)
_____

ANF Weekly $39-40.50 Calls
$39: 
2.99-4.45 (+49%)
$39.50: 1.68-4.08 (+143%)
$40: 1.17-3.80 (+225%)
$40.50: 1.29-3.22 (+150%)
_____

SPY 05/26 $418-420 Calls 
$418: .87-1.75 (+101%)
$419: .45-.92 (+104%)
$420: .19-.41 (+116%)


Fresh Options Ideas:
BBY Weekly $117-119 Calls
DG Weekly $197.50-202.50 Calls
WSM 06/18 $175-180 Calls


Extended Watchlist:
IDRR, GEGI, EEGI, EVIO, NSPT, TGGI, TVTX, LOTZ

Wrapping Up a Successful Week

Options Review:

The three short-term options trading ideas that we formulated for yesterday morning’s premarket report were in the BURL, TIF, and DG chains on the heels of the three big name companies reporting their quarterly earnings figures.

In each case, we were able to witness noteworthy intraday gains, most of which did reach multibag gainer status on the day:

BURL Weekly $195-197.50 Calls
$195:
 4.24-9.78 (+131%)
$197.50: 3.00-6.50 (+117%)
_____

TIF Weekly $122-123 Calls
$122:
 .82-1.94 (+137%)
$123: .80-1.40 (+75%)
_____

DG Weekly $205 Calls
$205:
 .50-1.75 (+250%)

These successful picks mark the continuation of what has been a very productive month of August for us. The vast majority of the ideas we have put forth have subsequently recorded multibag jumps.


Fresh Options Ideas:
DELL Weekly $62.50-65 Calls
WDAY Weekly $235-245 Calls
ULTA Weekly $245-260 Calls


Extended Watchlist:
NOVN, VSTM, BRTXQ, AXXA, CMGO, TLSS, BBRW, DLOC

Multibag Gains Coming Left and Right

Galaxy Next Generation, Inc. GAXY

To kick things off today, here is an OTC play we’ve recently been tracking that has absolutely blown its top.  Our initial tag of GAXY came on July 14th, and we came back for updates a few times throughout the course of August, and while it was already an impressive play, the new highs it has hit this week have pushed it to another level.

Our observed low on GAXY subsequent to our first alert on the stock came in at ,0025. After several weeks of positive movement, GAXY has now hit a new high of .0599. Overall that counts for an exceptional increase of 2296%


Options Review: 

We certainly got things right with yesterday’s fresh options ideas, putting forth targets for CRM, PLAN, and DKS. Absolutely everything worked out, regardless of which chain or strikes within our designated ranges were chosen.

Here are the single session gains that we witnessed on the day:  

CRM Weekly $235-245 Calls
$235:
 15.00-43.00 (+187%)
$240: 10.75-37.00 (+244%)
$245: 8.32-32.41 (+289%)

PLAN 09/18 $57.50-65 Calls
$57.50:
 3.73-6.30 (+69%)
$60: 2.97-5.10 (+72%)
$65: 1.57-2.70 (+72%)

DKS Weekly $51-52 Calls
$51:
 1.15-3.50 (+204%)
$51.50: 1.00-2.95 (+195%)
$52: .85-2.55 (+200%)


Fresh Options Ideas:
OSPN 10/16 $22.50-25 Calls
BURL Weekly $195-197.50 Calls
TIF Weekly $122-123 Calls
DG Weekly $205 Calls 


Extended Watchlist:
TTCM, GHHC, TWOH, TLSS, SDEC

Scoring Multi-Bag Gains with the SPY

More SPY Success

Our perfect handling of a situation that has had traders running scared shows exactly why we consider ourselves to be the best free trading newsletter on Earth. Even during the worst backsliding days the markets have ever seen, we have stayed the course, and delivered impressive multibag gains.

We invite any skeptics to go to our newsletter archive BlueHorseshoeStocks.com, check our work, and see for themselves. Nearly 9 YEARS of our daily newsletters are right there, searchable to anyone. You’ll never catch us shying away from an opportunity, even in the face of a global pandemic.

Yesterday our report focused on the SPY Puts that we signaled earlier in the week (SPY Weekly $282-279 Puts), and an updated strike range as well (SPY Weekly $262-259 Puts). We said that new highs should be expected in the ones we were already tracking and that’s exactly what happened. We also cautioned of another 15-minute trading halt, and that came to pass as well. So it’s no surprise that our new ideas also flourished.

Here are the total possible gains on all those ideas that our readers could have grabbed a piece of this week: 

SPY Weekly $282-279 Puts
$282:
 6.65-32.48 (+388%)
$281: 6.20-34.68 (+459%)
$280: 5.71-33.51 (+487%)
$279: 5.33-32.28 (+505%)

SPY Weekly $262-259 Puts
$262:
 4.75-16.85 (+255%)
$261: 4.20-16.09 (+283%)
$260: 4.00-15.36 (+284%)
$259: 3.75-14.56 (+288%)


Fresh Ideas

The markets have been on a seesaw, and perhaps with futures indicating a little relief on the way to close out the week, we may have some room for some earnings-related ideas as well. These are the plays we’ll be tracking to close out what has been one wild week of trading!

ADBE Weekly $295-305 Calls
AVGO Weekly $220-230 Calls
DG Weekly $149-155 Calls 

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