Wrapping Up a Top Shelf Trading Week

Recapping Thursday’s Runners:

Things turned out exceptionally well for us on Thursday, as every one of the options targets in our daily report provided potential opportunities. We signaled interest in tracking five plays, and all five of them registered some pretty nice intraday upswings that traders could have taken advantage of, completing a sweep of our board for the session. We saw a lot of multi-bag runs- some of them reaching into the range of five to seven hundred percent gainers.

We were looking to the SPY 03/21 $522-523 Calls, the MU Weekly $111-113 Calls, the ACN Weekly $357.50-350 Puts, the DRI 04/19 $170-165 Puts, and the CHWY Weekly $17-16.50 Puts for possible chances, and here’s what we saw out of them:

SPY 03/21 $522-523 Calls
$522
: .15-.68 (+353%)
$523: .13-.37 (+185%)
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MU Weekly $111-113 Calls
$111
: .99-2.70 (+173%)
$112: .69-2.05 (+197%)
$113: .45-1.49 (+231%)
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ACN Weekly $357.50-350 Puts
$357.50
: 2.25-14.00 (+522%)
$355: 1.80-12.26 (+581%)
$350: .90-7.80 (+767%)
_____

DRI 04/19 $170-165 Puts
$170
: 5.10-9.00 (+76%)
$165: 3.10-5.07 (+65%)
_____

CHWY Weekly $17-16.50 Puts
$17
: .32-1.12 (+250%)
$16.50: .14-.69 (+393%)


Fresh Options Ideas:
NKE Weekly $97-85 Puts*
FDX Weekly $292.50-297.50 Calls*
LULU Weekly $420-415 Puts*
TSLA Weekly $170-167.50 Puts*

*Only experienced traders should attempt to trade options contracts on their day of expiration


Integrated Cannabis Solutions, Inc. (OTCMKTS:IGPK) – Review:

We’ve also got a brief OTC recap to relay this morning. We tagged IGPK in our report on Wednesday morning, and yesterday the stock recorded a move up from our observed low of .0028, going on to hit .0073. That marks a two-day swing of 161%


Extended Watchlist:
AITX, ENZC, BCEL, UPHL, BIOL, FFIE, GRDI, NVFY, FRSX, OTLK

Blue Horseshoe Stocks: Updates, New Ideas


SPY Review 

On Friday, as we usualy do, we signaled some last minute ideas for options trading. In this case we called the SPY Weekly $292 Calls, and  we wanted to update readers on the performance those put forth.

Thanks to a surge in the markets later in the day,  which ran hard into the close, the SPY took off, and brought our trading idea with it. From a low of .37, the $292 Calls ran as high as 2.23. That was good for a single-day move of 503%

These instances should serve as an ongoing reminder of why we’ve shifted main focus to quick-strike options trading over the years. We have several multi-bag gainers like this each week. Case in point: Prior to this SPY Call we even had a couple of thousand percent gainers last week as well. We’ll attempt to find similar success once again as we kick off this holiday-shortened split trading week.

Fresh Idea:
SPY Weekly $295-296 Calls


MGM Resorts International Inc. MGM

We’ve been tracking a range of MGM contracts over the past few weeks, and the push into the close on Friday helped move the needle here as well.

Our targets have been the MGM 08/16 $28-30 Calls and while we have seen some decent little moves so far, there’s still plenty of time remaining before expiration. We wouldn’t be surprised to have to revisit these ideas again for more updates on added gains in the sessions to come.

$28 Calls – Range: 1.09-1.66 – Max Gain: 52%
$29 Calls – Range: .74-1.17 – Max Gain: 58%
$30 Calls – Range: .44-.75 – Max Gain: 70%
_____

Other Updates:

We had both PHUN and FRSX in our extended watchlist on Friday and both turned in solid first day performances. 

PHUN – Range: 2.69-3.86 – Gain: 43%
FRSX Range:1.55-2.94 – Gain: 90%


Extended Watchlist:
TRCH, TSEM, IIVI, KRTX, LLEX, OCUL, CIFS, GNW

Blue Horseshoe Stocks: Friday Wrap-Up

Wrapping Up a Solid Week

Once again, we’ll turn in our cards for the week with multiple multi-bag winners. Our quick-strike options ideas are second to none. We’d invite anyone who disputes that to point us to a better options newsletter!

We’ve been running with FDX and MU since Wednesday morning’s premarket report. We had already seen gains in the 500% range on FDX and the 100-200% range on MU that day.

We continued to monitor the FDX calls, as well as roll up to a higher strike price on MU for yesterday’s session. Once again we met with great success. So, first thing this morning, we want to take a look at the updated figures of the total possible gains on these plays.

FedEx Corp. FDX
–  Weekly $157.50-160 Calls.

$157.50 Calls – Range: .59-6.60 – Max Gain: 1017%
$160 Calls – Range: .35-4.40 – Max Gain: 1157%
_____

Micron Technology, Inc. MU –  Weekly $37 Calls.

$37 Calls – Range: .31-1.39 – Max Gain: 348%

We’re going to roll up on MU once again to stay close to the action, and will be tracking the $38-38.50 Calls as we close out out another great week for options trading. Just remember, never trade options with a weekly expiration on Friday unless you’re an expert level trader with access to disposable funds!
_____

More Fresh Options Ideas
STZ Weekly $197.50-202.50 Calls
SPY Weekly $292 Calls


J.Jill, Inc. JILL

We also wanted to provide a quick update on a stock we tagged for observation a couple of weeks back on the 12th. JILL had been building a solid base and moving up slowly since then, up until yesterday when it really kicked things into another gear.

We observed a low of 1.54 subsequent to our initial alert, and yesterday’s new high came in at 2.29, marking an upswing of 49%


Extended Watchlist:
DMPI, FRSX, CUR, AREX,  RAD, NAK, PSN, ACST, PHUN, OBLN, CJJD, NAKD, HAIR, JAGX, ATAI