Blue Horseshoe Stocks: Options Roundup & More

OPTIONS ROUNDUP

One of our top activities each day is poring over the previous day’s post-market quarterly earnings reports, as well as the premarket releases from that morning, in order to find those stock most likely to produce the type of volatility we look for to make quick-strike trades.

The earnings calendar is rather busy at present, with three names jumping to the forefront on our scanner today. We’ll give a brief overview of their quarterly highlights, as well as ranges of contracts to place on watch for the remainder of the week.

International Business Machines Corp. IBM
-Beat on profit, strong outlook
Radar: Weekly $130-134 Calls

United Technologies Corp. UTX
-Earnings and revs beat, more than 70% increase in Q4 profit
Radar: Weekly $113-118 Calls

The Procter & Gamble Co. PG
-Strong sales, earnings beat, boosted guidance
Radar: Weekly $93-95.50 Calls


Extended Watchlist:
CODX, SYF, EARS, QSR, BPTH, PUMP, IDEX

Blue Horseshoe Stocks: WMT, CSCO & More

 Options Ideas

We’re sticking with options as we head into the end of what has been quite a difficult week for stocks in general. All things considered, we still feel it’s the most probable way of coming by short term gain opportunities, even amid less-than-ideal conditions.

Walmart, Inc. WMT – Walmart reported its Q3 earnings this morning, and looks like our top target for the day as a result. Heightened sales, both brick and mortar and via Walmart.com, was the name of the game, as the company jacked up guidance on profits for the 2019 full year.

These developments are definitely moving the needle this morning, so we’re going to want to track the WMT Weekly $101-104 Calls.
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Cisco Systems, Inc. CSCO – In its own Q1 report in the post-market yesterday, we have an untraded-upon earnings and revenue beat for CSCO, so we’re also going to formulate an idea here.

In conjunction with a solid multiple bottom formation on the chart, the present conditions may favor our chances for a quick strike trade on the CSCO Weekly $45-50-47.50 Calls.
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Bonus Idea:

AMRN Weekly $15.50-17 Calls


Extended Watchlist:
TROV, PRPO, NAKD, GTE, WUBA, NBEV, EARS, VIPS

Blue Horseshoe Stocks: YGYI Update & More

Youngevity International Inc. YGYI

We began tracking YGYI the Thursday before last, on the 4th, and subsequently witnessed a low of 6.00 before the stock began to ascend sharply.

On Friday, despite already having produced significant gain opportunities for us, the YGYI once again made an impressive move, streaking to a new high of 14.40. That works out to an overall move of 140% accompanied by some of the highest volume sessions in the history of the stock.  As YGYI streaks to seven year highs and into the blue sky, we’ll continue to keep tabs on its activity.


Canadian Cannabis Legalization Finally Arrives

We have been proponents of the Canadian cannabis sector for quite a long time, and we have finally reached the moment we’ve been waiting for- the nationwide legalization of recreational marijuana. Originally slated for July, the delays will now finally come to an end, which means the fun is just getting started. Wednesday is the big day.

Here is a list of Canadian cannabis stocks that we’ve tracked in the past to watch in the midst of this very exciting, key moment in Canada’s history, and indeed the history of cannabis itself:

ACBFF, APHQF, ATTBF, CRON, GLDFF, GLNNF, ISOLF, NXTTF, MRRCF, SPRWF, & TWMJF


Extended Watchlist: 
ARNC, LEVB, LLL, HRS, TKC, INO, EARS, CEI, RIOT, MNGA