Markets Crashing, Bears Cashing!

Options Updates:

In these exceptionally volatile times, it’s always good to have both long and short targets, depending on which way the wind is blowing. With the help of yet another bloody day for the markets at large, the bearish ideas we’ve been tracking in MAR all week tacked on some impressive new highs, and the new CYBR Puts we added in fresh for yesterday’s report immediately went exponential.

In the case of MAR, these numbers represent 2-day swings, and for CYBR, we’ve got yesterday’s intraday ranges:  

MAR Weekly $86.50-85 Puts
$86.50:
2.80-11.72 (+319%)
$86: 2.70-11.27 (+317%)
$85.50: 2.20-9.07 (+312%)
$85: 2.13-10.00 (+369%)
______

CYBR Weekly $107-104 Puts 

$107: 2.70-11.90 (+341%)
$106: 2.80-9.87 (+253%)
$105: 2.26-10.00 (+342%)
$104: 2.40-9.00 (+275%)

With the aforementioned winds once again blowing in a bearish direction this morning, we’ll keep an eye out for even more new highs in these plays. We’ll also add in a related idea for the SPDR S&P 500 ETF, and put the SPY Weekly $280-278 Puts on watch into tomorrow.


New Options Ideas:
EQM Weekly $15-17.50 Calls
JACK Weekly $65-60 Puts
ONEM Weekly $25-22.50 Puts


Extended Watchlist:
SEGN, HENC, SPOM, DECN, CIVX, BCII

Blue Horseshoe Stocks: SPY Recap & More

SPDR S&P500 ETF (SPY)

We were all over the SPY last week, scoring some big chances for profits early on with some calls, and then flipping to the bearish end of things with some puts on Friday, which also happened to work like a charm. We played the SPY like a fiddle, and the potential returns were considerable.

Our targets were the SPY Weekly $263.50-262 Puts, and each of the four contracts contained within that range provided traders with huge gain opportunities, which were as follows:

$263.50 Puts – Range: .75-3.50 – Max Gain: 367%
$263 Puts – Range: .59-3.10 – Max Gain: 425%
$262.50 Puts – Range: .45-3.07 – Max Gain: 582%
$262 Puts – Range: .34-2.16 – Max Gain: 535%



Johnson & Johnson JNJ

We want to place JNJ on longer-term rebound watch today as the stock took an absolute plastering on Friday with roughly a $15 dip. Three separate insiders filed Form-4’s on Friday indicating share purchases at those lows. That is as good an indicator as any that belief is high in JNJ getting back on track in the near future.

We’re going to put the JNJ 01/25 $135-140 Calls on watch in the days and weeks ahead, as a recovery of some degree does not seem far off for JNJ.


Extended Watchlist:
GLBS, IDRA, JACK, YRIV, GSAT(Bottom Play)

Blue Horseshoe Stocks: JACK Update & More

Jack in the Box, Inc. JACK – Update

As a fresh options trading idea on Friday morning, we submitted the Jack 07/20 $80-90 Calls for observation after noticing the company’s solid earnings report and premarket gap-up. Although we passed over the weeklies for the July 20th calls for a bit more of an extended idea, it took no time at all for those contracts to see significant appreciation.

We’re pleased to say that each of the three selected targets produced respectable single-session moves, and will remain on our radar moving forward. Those potential gains were as follows: ,

$80 Calls – Range: 3.70-5.78 – Max Gain: 56%
$85 Calls – Range: 1.42-2.58 – Max Gain: 82%
$90 Calls – Range: .50-.80 – Max Gain: 60%


aTyr Pharma, Inc. LIFE

We noticed that LIFE woke from a slumber late last week, and began to trend off of its annual lows. We’re going to put it on the radar as a potential recovery play. As you can see, the stock was ridiculously oversold heading into last week, following a massive beating from roughly a month ago.

We believe there is a fair chance that the stock could return to the levels from prior to that backslide, which would spell significant gains from the current PPS.


Extended Watchlist:
AQMS, SRE, SNES, CODX, GNW, BIOC, TEUM, PTC