Tag: HOG

Blue Horseshoe Stocks: CAT Options & More

Caterpillar, Inc. CAT – Options

We’ve had great success in the past with CAT options after the company reports earnings, and that’s just what we’re going to try to do again today.

The company obliterated forecasts on the Street for its earnings figures and raised its outlook as well, producing interesting activity here in the premarket and has us anxious to track some calls once the session gets going.

We’re interested in monitoring the CAT 04/27 $157.50-162.50 Calls to try and take advantage of the situation.

Controladora Vuela Compania de Aviacion VLRS

We’re also going to put VLRS on bottom watch for a potential incoming dead cat bounce after the stock has been absolutely crushed over the past two sessions, as you can plainly view on the chart below.

All because of perceived lowered demand after the company’s revenue per seat mile decreased, even as overall revenue increased, according to its recent earnings report. We don’t see that as commensurate with the beating the stock has taken, sending it to new lows and well into egregiously oversold territory. We’ll have it on watch for a possible rebound.

Extended Watchlist:
ATI, SHPG, NETE, HOG, EDU

Blue Horseshoe Stocks: Options Ideas & More

Harley Davidson, Inc. HOG – Options

We were passively observing HOG last week as the stock was coming off its newly registered annual low (46.00), and we want to kick off this trading week by entering a potential options idea into the log. The stock is is extreme oversold territory, and we feel it’s just a matter of time before a more convincing rebound occurs.

That’s why we want to wait in the wings and observe the HOG 09/01 $49-51 Calls, which could stand to make some very nice moves if the stock can regain some of its recently lost ground over the course of the next few weeks.

Pandora Media, Inc. P – Options

Without a heck of a lot happening on the stocks front, being the dog days of summer, we see better chances for good opportunities with options at the moment. Pandora is another idea we want to talk about this morning,

It has been doing quite well over the past several weeks, since touching a low of 6.76 midway through last month. It approached the ten dollar mark last week before peeling back slightly, but this morning in the premarket, we’re seeing trades in the $10-range so we want to be ready with an options idea on the chance that a more significant breakout could occur. We’ll be tracking the P Weekly $9.50-11 Calls.

Extended Watchlist:
AZFL, CHOB, GNCA, NVAX, GLBS, RNVA