JCP Archives - Blue Horseshoe Stocks

MAR Puts, BSGM Updates

Marriot International, Inc. MAR – Update
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The markets took a late dive yesterday afternoon, and as they plunged, it helped our bearish idea on MAR realize some nice new gains. We were just reporting on the MAR Weekly $86.50-85 Puts in yesterday’s report, with what were only nominal gains at the time. Today the figures are looking far more impressive.

Even after the company’s CEO somewhat brashly called MAR stock ‘a bottom’, traders did not agree as it took a considerable hit and headed lower. That produced the following opportunities in our targeted puts;

MAR Weekly $86.50-85 Puts
$86.50: 2.80-7.00 (+150%)
$86:2.70-6.60 (+144%)
$85.50: 2.20-5.02 (+128%)
$85: 2.13-5.97 (+180%)
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Fresh Options Ideas:
ALC Weekly $55-57.50 Calls
PGTI Weekly $10 Calls
CYBR Weekly $107-104 Puts

BioSig Technologies, Inc. BSGM

We have been tracking BSGM pretty closely this spring, and the stock has put together an incredible performance. Subsequent to our alert of this play roughly 5 weeks ago on April 7th, it registered a low of 3.45/share. The company has been doing trials for potential coronavirus treatments with the drugs Merimepodib and Remdesivir.

After stacking gains on top of gains and essentially going up continuously with very few daily exceptions, BSGM arrived at a new high of 12.43 yesterday. That represents an increase of 260% in just over a month’s time!

We will certainly continue to track BSGM’s progress and keep our ears to the track for any further developments in the company’s quest for a viable COVID-19 treatment.

Extended Watchlist:
JCP, AGNC, HOG, HTBX, RTTR

Wrapping Up a Solid Options Trading Week

Options Recap

We presented some bearish options ideas in our premarket report from yesterday morning and thanks to a midday selloff for the markets as a whole, we were able to observe some very nice intraday gain opportunities.

SPDR S&P500 (ETF) SPY Weekly $309.50-308.50 Puts
$309.50 Puts – Range: .75-1.72 – Max Gain: 129%
$309 Puts – Range: .54-1.33 – Max Gain: 146%
$308.50 Puts – Range: .38-1.21 – Max Gain: 218%
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Canopy Growth Corp. CGC $18.50-17 Puts
$18.50 Puts – Range: 2.26-3.30 – Max Gain: 46%
$18 Puts – Range: 1.58-2.80 – Max Gain: 77%
$17.50 Puts – Range: 1.10-2.34 – Max Gain: 113%
$17 Puts – Range: .87-1.87 – Max Gain: 115%
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Fresh Idea:
JD Weekly $34.50-35.50 Calls

Extended Watchlist:
MDR, FTCH, AMAT, CGIX, SQM, JCP, GRUB, SCON

Blue Horseshoe Stocks: FAST Recap & More

Fastenal, Inc. FAST

Our fresh options ideas for yesterday morning was regarding Fastenal,which had just posted a solid Q1 earnings beat. The potential targets that we highlighted were the FAST 04/18 $62.50-67.50 Calls, and we’re happy to report that the stock’s activity has allowed us to see some decent moves out of those so far, with five sessions remaining until their expiration.

The moves was observed yesterday were as follows:

$50 Calls – Range: 5.40-6.50 – Max Gain: 20%
$52.50 Calls – Range: 2.40-4.30 – Max Gain: 79%
$55 Calls – Range: 1.10-2.08 – Max Gain: 89%

With the markets heating up here in the premarket, we’ll want to continue to keep an eye on FAST for the possibility of further useful activity that could propel these contracts to more gains before their expiration next Thursday.
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FRESH OPTIONS IDEAS:
The Walt Disney Co. DIS Weekly $122-125 Calls
SPDR S&P500 ETF (SPY) Weekly $289-290 Calls

*Don’t trade weekly options on a Friday unless you’re an advanced level trader with disposable funds!

Extended Watchlist:
BPTH, WPX, JCP, BSMX, CBAY, WPX, ENDP

Blue Horseshoe Stocks: Options Roundup

GW Pharma plc GWPH – Update

Fresh for our premarket report yesterday morning was a set of short-to-intermediate term options ideas for the GWPH chain, the 03/15 $165-175 Calls.

We’re happy to report that the first day monitoring those plays yielded some solid gain opportunities for savvy traders. We’ll be sure to continue tracking, but for now the single-session gains it produced were as follows:

$165 Calls – Range: 7.40-14.30- – Max Gain: 93%
$170 Calls – Range: 5.80-11.80 – Max Gain: 103%
$175 Calls – Range: 2.50-9.54 – Max Gain: 281%

Etsy, Inc. ETSY – Recap

Tuesday morning, we announced our interest in the ETSY 03/15 $60-65 Calls, and while we saw some good gains out of it that day, we did mention yesterday morning that we would continue to track these ideas.

It was a good thing we reserved that space on our watch screen too, because ETSY followed up on its bullish Tuesday performance, with another solid upswing for Wednesday. The following figures are the overall increases from our observed lows in these contracts from Tuesday, to yesterday’s new highs.

$60 Calls – Range: 6.39-12.30 – Max Gain: 94%
$65 Calls – Range: 3.49-7.81 – Max Gain: 124%
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Lowes Companies, Inc. LOW

We also had the LOW Weekly $108-110 Calls on watch from yesterday morning‘s report and those fared quite well also.

$108 Calls – Range: .30-1.01 – Max Gain: 237%
$109 Calls – Range: .21-.50 – Max Gain: 138%
$110 Calls – Range: .08-.28 – Max Gain: 312%

Extended Watchlist:
JCP, RKDA, PCRX, VERU, ICPT, TTI

Blue Horseshoe Stocks: Ford Options Recap & More

Ford Motor Co. F

Back on February 12th, we flagged Ford as a bottom watch play after the company got off to a bad start in 2018. It had just begun to show signs of life, so we formulated an options idea to help us take advantage of the scenario.

Our targets were the F 03/02 10.37-11.37 Calls and we’ve seen some solid opportunities from three of the four contracts in that range in the two weeks since our alert.

$10.37 Calls – Range: .31-.55 – Max Gain: 77%
$10.87 Calls – Range: .04-.12 – Max Gain: 200%
$11 Calls – Range:.02-.07 – Max Gain: 250%

Target Corp. TGT

Yesterday morning we saw an opportunity to select a range of calls in the Target options chain, and decided to focus on the TGT Weekly $75-76.50 Calls for a fresh options idea. It was an immediate success, with TGT trading up enough to produce some really nice single-session swings.

$75 Calls – Range: 1.42-2.42 – Max Gain: 70%
$75.50 Calls – Range: 1.03-1.92 – Max Gain: 86%
$76 Calls – Range: .85-1.64 – Max Gain: 93%
$76.50 Calls – Range: .80-1.31 – Max Gain: 64%

Dean Foods Co. DF

We also want to put DF on our watchscreens as a bottom-watch play. The stock got absolutely crushed as a result of missed earnings and revenue estimates in its Q4 report, along with a downgrade by Credit Suisse.

These events have driven DF into heavily oversold territory, registering a new 52-week low. The stock also has a history of relatively volatile swings, so we’re going to watch closely for the beginnings of a bottom bounce in sessions ahead. It may have further to fall, but we’ll be looking for that rebound.

Extended Watchlist:
AIPT, AKER, DDS, MNK, TTS, JCP, TTPH,