Blue Horseshoe Stocks: DAL Recap & More

Delta Airlines, Inc. DAL

Each day this week, we’ve recapped some options trading success, along with generating a fresh idea. Our streak of success continued yesterday morning, as we brought yet another new set of options ideas to the table, and once again, were met with solid single-session success.

We targeted the DAL Weekly $49.50-51.50 Calls after a solid beat on earnings, and are pleased to report that every single contract contained within that selected range produced multi-bag gains, as it has been with our other earnings related ideas from both this and last week.

$49.50 Calls – Range: .42-1.85 – Max Gain: 340%
$50 Calls – Range: .23-1.40 – Max Gain: 509%
$50.50 Calls – Range: .13-1.00 – Max Gain: 669%
$51 Calls – Range: .08-.67 – Max Gain: 738%
$51.50 Calls – Range: .03-.40 – Max Gain: 1233%
_________

Fresh Idea :
Wells Fargo & Co. WFC $56.50-54.50 Puts


Genesis Healthcare, Inc. GEN – Bottom Watch

We would like to place GEN on bottom watch this morning, after taking notice of the chart setup on our routine scan this morning.

As you can see from the included snapshot, we have a number of factors contributing to the stock’s attractive bottom setup. The stock has been falling sharply all week, cruising down toward its 200DMA at an alarming rate. Additionally, we have a MACD which is exhibiting unsustainable downward divergence, and an RSI indicating the stock has just entered extremely oversold territory.

This is exactly the sort of setup we look for in potential bottom bounce plays, and we’re going to slot GEN for observation in coming sessions to be ready for that eventuality.


Extended Watchlist:
GLMD, BIOC, MEIP, CPRX, ABIL, ADXS, GOGO BLIN,

IDOI, CMG & Today’s Extended Watchlist

IDO Security, Inc. IDOI &

We continue our coverage of IDOI this morning, after the stock made some impressive moves last week. Being as low as .40 on Thursday, we saw Friday’s close come in at .62, just one tick down from the high of day at .63. Total possible gain, 56%

Considering the post-market PR that came across the wires on Friday, we are observing for continued momentum. Untraded-upon news can often have a big effect, and we want to be sure to maximize our profits here.

We have provided yet another of our video presentations of the chart for your viewing convenience:

In an age when tragedies such as that which occurred this past weekend in Colorado seem to happen with increasing frequency, security is a concern at the top many people’s lists. A company like IDOI is poised to serve growing demand for added security measures in all public venues.
____

Chipotle Mexican Grill, Inc. CMG

CMG stock fell 20% (Down 86.00/share) as a result of their recent earnings report, thus we are looking bounce activity on CMG options.

The $350 07/27 Calls closed at .40 on Friday. The $350 08/18 Calls closed at 2.54. Provided the stock can recover some of its lost ground, and get back above its 200DMA (373.33), those options are going to work out very well. Therefore, we will be watching closely for the stock’s recovery.

____

Extended Watchlist:

WAVX, BBDA, YIPI, GEN, AAPT, BFGC, LLTP

TLON (FDA PDUFA 08/12/2012)

HZNP (FDA PDUFA 07/27/2012)