Blue Horseshoe Stocks: Fresh Options Plays

DSW, Inc. DSW – Recap

Yesterday morning, we decided to highlight the attractive chart setup on DSW with the stockĀ  trading at its lowest PPS since May. Despite another tumultuous day for the markets at large, DSW made an early dip-and-rip that savvy traders could have taken advantage of.

We designated the DSW 12/21 $22.50 & $25 Calls and were met with instant success. Both of those contracts produced significant gain opportunities in the first half of the session. The $22.50’s ran from a low of 2.05 and reached as high as 3.50 for a gain of 71% The $25’s fared even better, posting a multi-bag pop from .65-1.50, a 131% move.
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Fresh Options Ideas:
Apple Inc. AAPL 01/25 $175-180 Calls
Netflix Inc. NFLX 01/25 $290-300 Calls


Extended Watchlist:
SBS, RARX, FOMX, CORT, ESES, FIVE. SID, ASNA

Blue Horseshoe Stock: INSE Update & More

Inspired Entertainment Inc. INSE – Update

Yesterday morning, we placed INSE on recovery watch in the wake of its quarterly reporting. We cited the attractive bottom-bounce that was in effect as the markets had tanked the previous day and INSE managed to buck that trend.

Our instincts about this play turned out to be very good, with the stock piling on yet another very solid trading session. The stock’s low came in right at the opening price of 3.86 and it never looked back. INSE ran up to 5.23, representing a respectable single-session rise of 35%

It also closed just three cents lower than the high of day, setting us up to see if the stock can continue to build upon the momentum it has thus far exhibited.


DSW, Inc. DSW

We’d also like to formulate a fresh options idea for the DSW chain, after noticing an attractive chart setup. The stock has been trading at its lowest PPS since May, which when coupled with solid earnings and guidance in this morning’s quarterly report, could make for just the right conditions to strike on some options trades.

We’re going to signal interest in the DSW 12/21 $22.50 & $25 Calls, and keep those on watch throughout the rest of the week and into the next.
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Bonus Idea:
SPY Weekly $266.50-268.50 Calls


Extended Watchlist:
CASI, CNAT, HOLX, CDE, TQQQ, TNXP, LCI, AEO(Bottom play)

Blue Horseshoe Stocks: HPE, AEO Earnings Ideas & More

DSW, Inc. DSW – Recap

Among our fresh options trading ideas from yesterday morning were the DSW 09/21 $30 & $35 Calls. We noticed the company reported strong quarterly figures, and took advantage.

There were two separate intraday opportunities to be had in the $30 Calls, which first went from 3.00-4.30 (+43%), pulled back, and made another similar move from 2.25-3.30 (+46%). The $35 Calls fared the best, producing a chance at gains of up to 138% as they ran from .40-.95.
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More Fresh Options Ideas:
Hewlett Packard Enterprise Co. HPE Weekly $16.50 & $17 Calls
American Eagle Outfitters Inc. AEO Weekly $28-26.50 Puts



CEL-SCI Corp. CVM

We also wanted to quickly make mention of CVM, which we tagged for observation one week ago today. The stock has since produced a notable bullish push. Its low of 1.36 gave way to a new high of 2.46 yesterday, marking a one week upswing of 81%

The move filled the majority of the large gap on the chart, but not quite completely, so we’ll leave the stock on our radar to see if it can continue its recent uptrend.


Extended Watchlist:
TLRY, CGC, CRON, IGC, WRPT, AMPE