Tag: FIVE

Blue Horseshoe Stocks: SPY Updates

SPDR S&P500 (ETF) SPY – Recap 

Thanks to a solid day for the markets yesterday, the successful options idea we dropped for the SPY on Monday morning turned in yet another huge day of potential profits. We had signaled the SPY Weekly $287-288.50 Calls as our first idea of the week, and it has been one of the best ones of the year in terms of percentage gains, already having produced intraweek ranges of up to 4000%

Each of the four contract sets in our highlighted range produced further multi-bag intraday rips of the following magnitude yesterday: 

$287 Calls – Range: .43-2.04 – Max Gain: 374%
$287.50 Calls – Range: .32-1.58 – Max Gain: 316%
$288 Calls – Range: .20-1.46 – Max Gain: 630%
$288.50 Calls – Range: .16-1.01 – Max Gain: 531%

We will also be watching the SPY Weekly $290-292 Calls in the event that the current momentum of the markets carries through to the end of the week.
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Fresh Options Ideas:
BURL Weekly $187.50-192.50 Calls
DG Weekly $150-152.50 Calls
NTNX Weekly $23-24 Calls

Extended Watchlist:
JBL, VTGN, MBUU, PSTV, FIVE, FSLY, GES, PHUN

Blue Horseshoe Stocks: Wrapping Up a Solid Week

Five Below Inc. FIVE

Fresh for yesterday morning’s premarket report, we jumped on the FIVE options chain with some quick-strike ideas in the FIVE Weekly $125-127 Calls and after an impressive $5+ intraday run for the stock itself, all three of those ideas bore fruit instantly. We wanted to recap the performance this morning, as well as update our idea for this play.

$125 Calls – Range: 2.40-5.00 – Max Gain: 108%
$126 Calls – Range: 2.18-3.30 – Max Gain: 51%
$127 Calls – Range: 1.64-3.00 – Max Gain: 83%

With FIVE gapping up again in the premarket today, we expect to see further gains from the above-mentioned contract sets, but we also want to roll up our potential strike prices a bit to follow the money a little closer. We’ll include the FIVE 04/05 $128-129 Calls in our pool of ideas going forward.

FRESH IDEAS:

BlackBerry Ltd. BB – Fresh off of the scanner this morning, we’ve got BlackBerry making waves in the premarket after a solid beat on revs and profits, in a quarterly release that included record software IP licensing. We’re going to keep an eye on the BB Weekly $9-10 Calls*.
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CarMax, Inc. KMX – CarMax also reported this morning, and it too is moving the needle in the premarket on the heels of a beat on profits. We’re going to add the KMX Weekly $65.50-67 Calls* to our tracklist for today as well.

*DO NOT attempt to trade weekly contracts on a Friday unless you an advanced level trader with access to disposable funds!

Extended Watchlist:
COBI, RVLT, PIXY, TGTX, AWSM, ACET, AMRS

Blue Horseshoe Stocks: Options Bonanza!

OPTIONS UPDATES

Shoe Carnival, Inc. SCVL- Fresh for yesterday morning’s premarket report was an idea for the Shoe Carnival options chain, in response to the company’s post-market earnings beat from Tuesday afternoon. We cited the SCVL 04/18 $35-40 Calls as being most attractive to us, and we met with some solid success on day one.

With the help of a move out of the stock from 35.00-37.72, we saw significant movement from each of our designated strike prices. The $35 Calls saw a low of 1.56 and reached a high of 3.50, which represents a max gain possibility of 124%  while the $40s impressively ran 233% from .30-1.00.

A strong close for SCVL indicates a very plausible chance at seeing even more gains in the near-term, so we’ll continue to track the activity here.
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Centene Corp. CNC – Along with the SCVL idea, we also floated a longer-term one for CNC that produced instantaneous results. We had targeted the CNC 09/20 $50-55 Calls and despite such a lengthy period remaining until expiration, we saw some excellent volatility there in just a single session.

The $50 Calls traded up from 1.80 to 3.50, a gain of 94% while the $55 Calls ripped a big gain  from .31-1.05, which works out to an intraday pop of 239%


Lululemon Athletica LULU

We also want to issue a fresh idea for LULU this morning after the company’s own post-market quarterly financials drop, which included a big earnings beat and some enticing guidance for the remainder of the year. The stock is surging to all-time highs in the premarket, and we don’t want to get caught sitting on our hands when the lid blows.

We’re going to radar the LULU Weekly $162.50-170 Calls, which could end up seeing some serious gain activity over the next session or two.
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Bonus Idea:
FIVE Weekly $125-127 Calls

Extended Watchlist:
JSDA, PVH, URG,