KMX Archives - Page 9 of 10 - Blue Horseshoe Stocks

Blue Horseshoe Stocks NKE Bear, KMX Bull & More

Earnings-Related Options Ideas

Our regular readers know that quick-strike options trading of plays that have just seen their quarterly earnings releases are among our favorite scenarios. The volatility afforded to us by these events is key to the type of opportunities we are commonly after.

This morning, we have NKE which has untraded-upon earnings reported in the post-market yesterday, and Carmax which dropped its report in the premarket today. We’ve got a set of bearish ideas for NKE and bullish ideas for KMX.

We’ll place the following targets on our watchlist today to monitor throughout the remainder of the week:

CarMax, Inc, KMX Weekly $77-79 Calls
Nike, Inc. NKE Weekly $83.50-81.50 Puts
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L.B. Foster Co. FSTR

We also have a longer term idea for the FSTR chain. As you can see on the chart snapshot we’ve included below, the stock is presently exhibiting a strong multiple-bottom.

We’re going to place the FSTR 10/19 $22.50 & $25 Calls on watch in the likely event that a recovery does occur.

Extended Watchlist:
MYSZ, TTOO, GPRO, GLBS, TTNP, INNT, DCIX, ONTX

Blue Horseshoe Stocks: More Big Options Calls

Options Review

Once again we were able to score some good quick-strike options trading opportunities with the fresh ideas included with yesterday morning’s premarket report. It continued an extremely solid run of options ideas this week.

In three separate options chains, we selected a total of 12 options contracts to monitor, and solid chances for significant intraday gains were produced by 10 of those:

The Kroger Co. KR Weekly $28-29.50 Calls
$28 Calls – Range: .41-1.04 – Max Gain: 154%
$28.50 Calls – Range: 21-.68 – Max Gain: 224%
$29 Calls – Range: .08-.41 – Max Gain: 413%

Darden Restaurants Inc. DRI 07/20 $100-115 Calls
$100 Calls – Range: 3.00-8.20 – Max Gain: 173%
$105 Calls – Range: .90-4.10 – Max Gain: 355%
$110 Calls – Range: .30-1.50 – Max Gain: 400%
$115 Calls – Range: .05-.45 – Max Gain: 900%

Micron Technology, Inc. MU Weekly $61-62.50 Calls
$61 Calls – Range: .22-.57 – Max Gain: 159%
$61.50 Calls – Range: .17-.37 – Max Gain: 118%
$62 Calls – Range: .10-.24 – Max Gain: 140%
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More Fresh Ideas

We had an excellent day with yesterday’s fresh trio of options ideas*, so why not formulate another three to close out what has been a fantastic trading week.

SPDRA S&P 500 ETF (SPY) Weekly $274-275.50 Calls*

BlackBerry Ltd. BB Weekly $11-12 Calls*

CarMax, Inc. KMX Weekly $75-78 Calls*

*Never trade weekly options on a Friday unless you are an expert trader with disposable funds!

Extended Watchlist:
FCEL, FTI, INPX, TS, TNTR, BPMX, CRC, OAS

Blue Horseshoe Stocks: KMX Recap & More

CarMax, Inc. KMX

First up this morning, we’re going to start off the fresh trading week by reviewing the performance of the CarMax options we signaled in Friday’s premarket report on the heels of the company’s Q2 earnings beat.

We’re constantly pounding the table on post-earning options trading, simply because we are so very often successful in our selections. Volatility is a swing trader’s best friend, and few things create it more quickly and effectively than a solid beat on earnings.

So we signaled our interest in tracking the KMX Weekly $69.50-71.50 Calls and it worked like a charm:

$69.50 Calls – Range: 1.21-4.96 – Max Gain: 310%
$70 Calls – Range: 1.10-4.40 – Max Gain: 300%
$70.50 Calls – Range: .55-3.78 – Max Gain: 587%
$71 Calls – Range: .35-3.50 – Max Gain: 900%
$71.50 Calls – Range: .30-2.41 – Max Gain: 703%

Helios and Matheson Analytics, Inc. HMNY

We just updated our readers on our coverage of HMNY last Wednesday, when we pointed out that we slated the stock for tracking on August 15th and observed a subsequent low of 2.42. By midweek the stock had already made a considerable move up, but Friday’s session brought another big pop to new highs.

HMNY traded in a daily range from 5.67 to 7.95 gaining 40%, a very respectable intraday move in and of itself. The new high marked an overall move of 229% from our observed low.

Volume was much higher than average all last week, and the stock maintain roughly half of its daily advance into a fairly strong close, so we’ll need to keep monitoring HMNY for the continued establishment of higher highs and higher lows.

Extended Watchlist:
BYOC, ACER, IZEA, RIG, ARDM, INFI, IDXG

Blue Horseshoe Stocks: APC Review & More

Versartis, Inc. VSAR

It isn’t just bullish activity that draws us to a stock. Any type of increase in volatility generally causes us to take note, and the rapid fashion in which VSAR is crashing this morning is about as volatile as it gets. The company failed to meet primary endpoints on its HGH study, and the stock fell through the floor, losing over 80% of its value thus far.

Regardless of the catalyst, whenever such a huge selloff occurs in such a hurried way, we go into bottom-watch mode, and wait for the eventual bounce. So we’ll have VSAR on our radars moving forward, watching for signs of solid support and subsequent rebound.

Anadarko Petroleum Corp. APC

The announcement of an enormous 10% share reduction via buyback program had exactly the effect we suspected it would yesterday, after we signaled a range of calls to observe in our premarket report.

Those targets were the APC 09/29 $47-48.50 Calls and each of them made a move to the upside. We also mentioned we’d be watching them beyond yesterday’s session, and sure enough the stock appears to want to gap up this morning and add to the gains we’ve already witnessed, which were as follows:

$47 Calls – Range: 1-1.60 – Max Gain: 60%
$47.50 Calls – Range: 1.29-1.40 – Max Gain: 9%
$48 Calls – Range:.62-.95 – Max Gain: 53%
$48.50 Calls – Range: .50-.83 – Max Gain: 66%
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Fresh Post-Earnings Options Idea:
CarMax, Inc. KMX $69.50-71.50 Calls*

*We never discuss weekly options on a Friday without going out of our way to warn our readers that trading contracts with a weekly expiration on a Friday is exceedingly risky and should only ever be attempted by expert traders!!!

Extended Watchlist:
ETRM, EBIO, S, AKTX, SBGL, CAPR, MNKD

Blue Horseshoe Stocks: KMX Options Update & More

CarMax, Inc. KMX – Options Idea

We formulated several targets in the KMX options chain yesterday morning in accordance with the solid earnings beat and premarket gap-up we were observing. We specified some medium and longer-term contracts with the KMX C$57.50 and $60 Calls, and the 05/19 $60-$65 Calls. We were more than pleased with the activity that ensued.

We’re usually pretty good with our targeting, and these ideas were no exception. Every single one of the contracts we mentioned provided traders with the chance for some very nice single-session gains.

04/21 $57.50 Calls – Range: .45-1.70 – Max Gain: 278%
04/21 $60 Calls – Range: .17-.75 – Max Gain: 341%

05/19 $60 Calls – Range: .68-1.54 – Max Gain: 126%
05/19 $62.50 Calls – Range: .28-.82- Max Gain: 193%
05/19 $65 Calls – Range: .11-.38 – Max Gain: 245%

With that kind of activity on the very first day, we’re definitely going to want to keep these plays in mind going forward. There may yet be more opportunities still to come.

Akari Therapeutics, Plc. AKTX

We tagged AKTX in yesterday morning’s extended watchlist and saw a very nice intraday performance. It traded in a daily range from a low of 13.69 to a high of 18.46, which represents a 35% spike on the day.

That move came on more than thirteen times the three-month average volume. On the whole, the activity in AKTX was extremely impressive, especially for a stock in its price range. The stock failed to maintain the majority of its daily advance, but we’ll remain interested provided it can register a higher base level of support to close out the week today.

In Ovations Holdings, Inc. INOH

We’re going to begin monitoring this super-subpenny stock after it just reappeared with its first filings in quite some time; two quarterlies and an annual report can be found at the company’s OTC Market filings page (>>View Filings). The filings bring the company current on its financial reporting.

We’ve seen a number of triple-zero stocks make exponential gains in recent weeks, and want to take a flyer on INOH on the outside chance that it could be the next rocket to leave the launchpad!

Extended Watchlist:
GBSN, CLNT, MNKD, SALT, SBLK, CBR,