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Blue Horseshoe Stocks: Wrapping Another Great Week

Options Review
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It has been another characteristically good week for the options ideas we’ve been tracking, including a pair of twenty-baggers on Wednesday. To follow up on that, we presented some fresh targets in yesterdays report, and we got some good results from those as well.

Here were top movers and the total potential gains they produced on the day:

Anheuser Busch InBev BUD Weekly $99-101 Calls

$99 Calls – Range: .56-3.40 – Max Gain: 507%
$100 Calls – Range: .40-2.67 – Max Gain: 568%
$101 Calls – Range: .26-1.55 – Max Gain: 496%

3M Corp. MMM Weekly $185-190 Calls

$85 Calls – Range: 1.10-2.15 – Max Gain: 95%
$87.50 Calls – Range: .40-.92 – Max Gain: 130%
$90 Calls – Range: .14-.28 – Max Gain: 100%
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Fresh Ideas:
Twitter, Inc. TWTR Weekly $38.50-41 Calls*
Starbucks, Inc. SBUX Weekly $95.50-96.50 Calls*
SPDR S&P500 (ETF) SPY Weekly $300-301 Calls*

* Do not attempt to trade options with a weekly expiration on Friday unless you are an advanced level trader with access to disposable funds.

Other Updates

Fuel Cell Energy Inc. FCEL – We wanted to mention the bottom bounce candidate we tagged in yesterday’s watchlist. It was looking ripe for another rebound and we ultimately saw the beginnings of that.

The stock traded up from a daily low of .365, and reached a high of .4926. That works out to an intraday move of 35% and a good start for a play that we’re going to continue to track.

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Tautachrome, Inc. TTCM – Has made repeat appearances in our reports recently, because of the solid intraday volatility it has been bringing to the table and yesterday was no exception.

The stock had another nice bounce back with a range of .0161-.0245, representing a daily move of 52%

Extended Watchist:
MAT, NXGN, SMSI, PCTL,

Blue Horseshoe Stocks: THC Explosion

Tenet Healthcare Corp. THC – Options Explode

We included a fresh options trading idea for THC in yesterday morning’s premarket report. The stock was exhibiting the characteristics of a potential bottom bounce play, and we signaled the THC Weekly $18-18.50 Calls to correlate with the possible rebound.

We got just what we were looking for, however, with far greater single-session figured than we could have imagined. The results were two of the best intraday gain possibilities that we’ve identified in 2019, tipping the scales with twenty-bagger status!

$18 Calls – Range: .10-2.14 – Max Gain: 2040%
$18.50 Calls – Range: .05-1.52 – Max Gain: 2940%

Updated Idea: THC Weekly $19.50-20 Calls

PCT Ltd. PCTL

For another quick update on PCTL, the OTC play we’ve been tracking, yesterday the stock registered new highs for the third time this week.

PCTL traded in a range from .017 to .029, for an intraday rip of 71% which also represented a total increase of 226% over our .0089 observed low following our initial alert on Monday morning.

Fresh Options Ideas:
SPY Weekly $301-302 Calls
BUD Weekly $99-101 Calls
MMM Weekly $185-190 Calls

Extended Watchist:
NOK, AZN, MYSZ, FCEL, LPTX, GHDX, UPS, DPW

Blue Horseshoe Stocks: Earnings and Bottom Plays

Acuity Brands, inc. AYI – Options Idea

After a lackluster Q3 report, AYI took a gut punch yesterday, but began to recover before the day was through, and appears to want to continue to course-correct today.

We are going to radar the AYI 07/19 $125-130 Calls. Even if this holiday shortened week comes to a predictably quiet close and doesn’t provide a ton of activity, we’ll still have plenty of time to get results before the 19th.

comScore, Inc. SCOR

We’ve found what appears to be a prime bottom-watch candidate in SCOR. The stock is egregiously oversold at the present time, and has managed a couple of positive sessions this week.

The volatility potential on this stock is high. It’s not unreasonable to think that it could return to the $10 level or better over a period of several weeks or perhaps even months. We’ll designate this as a longer-term recovery play.

Extended Watchlist:
TBLT, NAK, ZIOP, FCEL, SNSS, OTLK

Blue Horseshoe Stocks: Post-Earnings Options Plays

Energizer Holdings, Inc. ENR

We’ve been seeking out prime bottom play opportunities this week, and to continue that trend, we’ve run across Energizer this morning on the heels of the stock registering a new annual low yesterday.

In conjunction with the fact that Deutsche Bank just upgraded ENR from a Hold to a Buy rating with a price target of $52/share (trading in the $37-range yesterday), along with indicators that the stock is heavily oversold, and we are confident in calling this one a prime bottom play candidate as well.

Fresh Options Plays

We also have a pair of fresh earnings-related options ideas to pass along this morning. Post-earnings plays are typically our miost successful, and we’ve got a couple of good hunches about the following contracts as we cruise through this midweek.

FedEx Corp. FDX – Already in a good spot on the chart for a possible rebound leading into today’s session with a strong double-bottom setup, we’re looking to FDX options as FedEx’s Q4 results yielded a profits and earnings beat. As a result, we’re going to be tracking the FDX Weekly $157.50-60 Calls.

Micron Technology, Inc. MU – We are also looking at MU, which reported in the post-market yesterday as well, posting a beat on Q3 earnings, and bolstered guidance for sales of computer memory chips. Like the above mentioned play, MU is giving off a heavy multi-bottom signal. In this case we are interested in monitoring the MU Weekly $35-36.50 Calls.

Extended Watchlist:
AMR, SNX, VTVT, FCEL, PBF, APTX, FPAY, PES, TLGT, RIOT

Blue Horseshoe Stocks: AVGO Options Recap & More

Broadcom, Inc. AVGO – Recap

To close out the week on Friday, we took our usual approach in signaling some last-minute options ideas for possible daytrades. In this particular case, we were attracted to the AVGO Weekly $252.50-257.50 Calls, and we’re pleased to report total success on that front, with the help of an eleven-dollar swing from AVGO shares themselves.

All three of the contract sets contained within our designated range produced impressive gain opportunities on the day. The total possible profits for daytraders on each set were as follows:

$252.50 Calls – Range: 7.95-13.65 – Max Gain: 72%
$255 Calls – Range: 6.14-11.00 – Max Gain: 95%
$257.50 Calls – Range: 2.70-8.00 – Max Gain: 196%
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FRESH OPTIONS IDEA:

We’ll also formulate a new options idea to start off the week this morning. The market looks like it wants to turn around again today, so we’ll go ahead and slate the SPY 06/19 $289-290.50 Calls as our ones to watch.

BOTTOM WATCHLIST:

We’ve also got a three pack of bottom plays with freshly reported earnings today. We’ll place all of the following on watch for possible rebounds this week.

Freds, Inc. FRED
FuelCell Energy, Inc. FCEL
Fang Holdings, Ltd. SFUN

Extended Watchlist:
ALTD, DLYT, XRF, BPMC, SHIP, ROX, CJ, NVUS, PES