PLCE Options Recap & More

The Children’s Place, Inc. PLCE – Update 

As a result of the insider buying we discovered at a bottom on PLCE yesterday, we placed a pair of contracts in the options chain on watch, specifically the, PLCE 01/17 $65-70 Calls.

Despite being a bit of a longer-term idea, we still witnessed instantaneous results from these targets, which produced the following intraday moves: 

$65 Calls – Range: 2.55-4.20 – Max Gain: 65%
$70 Calls – Range: .35-.85 – Max Gain: 143%

We’re interested in continuing to track these plays, with PLCE still boasting a massive gap to the topside on the chart up to roughly the $70 level. Should the stock continue to fill that gap, we’re going to see the total gains on these ideas hit even more impressive levels.


Fresh Options Ideas: 
WVE 04/17 $17.50-25 Calls
GIS 01/17 $55 Calls
FDX Weekly $155-150 Puts


Extended Watchlist:
LMPX, YAYO, OBLN, SLDB, FBIO, MLCO

Blue Horseshoe Stocks: Big Options Wins

Options Reviews

General Mills, Inc. GIS – We were looking at the General Mills chain beginning
on Wednesday morning, when we designated the GIS 04/18 $47.50-50 Calls as targets of interest for the week. We got some very nice profit opportunities out of that set, with plenty of time for the possibility to realize further gains.  The $47.50 Calls rose from a low of 1.40-3.55, an upswing of 154% The $50’s traded in a range from .27-1.47, which works out to a huge jump of 444%
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Darden Restaurants, Inc. DRI  – On Thursday morning, we added the DRI 04/18 $115 Calls to our pool of ideas, and those really made a splash as well. In the two session span following our alert, we witnessed a move up from a low of 1.15 to a high of 4.30. That represents a rapid increase of 274%
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Revlon, Inc. REV – Finally, on Friday, we continued our streak of new ideas with an extended-term idea on Revlon. A pair of big insider buys was what led us to place these on watch. We’ll continue to track the REV 08/16 $22.50-25 Calls. For Friday, they each managed modest increases, with the $22.50’s running from 2.55-2.90 (+14%) and the $25’s going from 1.25-2.00 (+60%). These will be on our radar for quite some time, but got off to a nice start.


Extended Watchlist:
WGO, FTR. ASNA, CRIS, CRMD, AVEO, KNDI

Blue Horseshoe Stocks: REV Form-4 Alert

General Mills, Inc. GIS

Tracking back to an idea we formulated on Wednesday morning, the GIS 04/18 $47.50-50 Calls, we saw some really nice activity in those contracts thanks to a bullish session for the markets on the whole.

Both of our designated targets managed to post multi-bag gains. The $47.50 Calls made a nice swing from 1.40-2.85, representing a gain of 104% The $50’s fared even better, trading in a range from .27-.94, an increase of 248%


Darden Restaurants, Inc. DRI

For a fresh idea yesterday, we went with the DRI 04/18 $115 Calls and saw a solid performance there as well. This set of contracts turned up with an even double-bagger as they ran from a low of 1.15, and reached a 3.30 high.

As is the case with many of the plays we selected this week, there’s still plenty of time remaining until expiration, so the possibility of seeing further useful activity down the line is not out of the question.


Revlon, Inc. REV – Form-4 Alert

Speaking of plenty of time, we are going to go farther out with this next fresh idea than we are typically accustomed to going. This idea could theoretically be in play for the next 5 months. We’ll track the REV 08/16 $22.50-25 Calls.

This is after noticing the stock recovering from a recent severe beating, in unison with Form-4 filings indicating the purchase of over $7M in stock by a REV insider on Wednesday and Thursday of this week, as the stock was flagging heavily.


Extended Watchlist:
SEEL, HIBB, BPTH, TRCH, BPI, UPL

Blue Horseshoe Stocks: GIS, FDX Options

Options Updates

The Michaels Companies, Inc. MIK – One of our fresh ideas for yesterday morning’s premarket report was a post-earnings target of the MIK 04/18 $12.50 Calls combined with a solid technical setup as a bottom-bounce play.

The stock turned in a very solid performance on the day, coming up just shy of its 50DMA, and that produced a significant gain opportunity for the contract set we designated. The $12.50 Calls traded up of a low of .60, and hit 1.35, marking an intraday run of 125% We’ll want to continue to reserve a spot on our radar for this play, and watch for the stock to continue to establish higher lows and higher highs off of its recent 52-week lows.
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StoneCo Inc STNE – We also had the STNE 04/18 $37.50 & $39 Calls highlighted in yesterday’s report, and while we didn’t see quite the same intensity of activity as the above-mentioned play, that pair of contracts did get off to a good start, with nearly a full month remaining until expiration.

The $37.50’s traded in a range from 4.60-6.20 for a 35% move, and the $39’s went from 4.20-5.00 (+19%). We’ll continue tracking these as well.
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Fresh Post-Earnings Ideas:

FedEx Corp. FDX Weekly $172.50-170 Puts
General Mills, Inc. GIS 04/18 $47.50-50 Calls


Extended Watchlist:
SCNA, NAVB, TYHT, NVRO, PIR

Blue Horseshoe Stocks: CELZ Recap & More

Creative Medical Technology Holdings, Inc. CELZ

We mentioned CELZ at the outset of this week, in our report from Monday morning, and we wanted to return today to recap the stock’s excellent performance since then. On Monday a low of .0283 was recorded, and after a few bullish sessions it attained a new high of .0575 yesterday.

That worked out to a three-day increase of 103% on steadily rising volume, and with the PPS now currently in blue skies, we’re going to be very interested to continue monitoring the activity in CELZ as we head into week’s end.


General Mills, Inc. GIS

We would also like to recap the performance of the options ideas we submitted for General Mills yesterday. The pair of contracts we highlighted, the GIS Weekly $45 & $47.50 Calls, each managed to produce notable intraday moves.

The $45 Calls ran from a low of 1.22 to as much as 2.39 for a gain of 96% The $47.50’s fared slightly better, trading up from a low of .34 to .78; a 129% single-session rip.
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Fresh Options Idea:
Accenture plc. ACN Weekly $157.50-162.50 Calls


Extended Watchlist:
GST, RGSE, CLDC. MYSZ, RPM, WATT, PTIE(Bottom watch)

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