Blue Horseshoe Stocks: KATE Recap & More

Kate Spade & Co. KATE – Recap

We closed out yesterday morning’s premarket report with a fresh options idea on KATE just following the company’s earnings report. While revenues were down, a healthy beat on profits led us to cast our lot in with the bulls.

We targeted KATE Weekly $20 and $21 Calls and were not disappointed with the outcome, with both sets of contracts providing ample opportunities for intraday gains.

The $20 Calls stopped just short of recording a double-bag move, running from 1.41 to 2.70, for a 91% rip. The $21s did manage that feat and then some, with a 131% pop from .65 to 1.50.


Fresh Options Ideas

VanEck Vectors Coal ETF (KOL) –  We want to put an extended watch on the coal industry just hours after breaking news of the signing of “Resolution 38”, which nullifies a recently enacted law barring coal miners from dumping project waste material in streams.

It’s a cost-cutting move that could benefit domestic coal producers in the long run, and could create some chances for us in the process. We want to add the KOL 03/17 $13 Calls, and  04/21 $14 Calls to our watchlist in the weeks and months ahead.

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Unilever PLC (UL) – Shares of UL spiked this morning on the heels of Unilever rejecting a $140B+ takeover bid. We’re looking to potentially take advantage of the resulting hype with an idea for possible daytrades.

We’re going to be keeping an eye on the UL Weekly $42.50-47.50 Calls for the chance at some quick-strike gain opportunities.


Extended Watchlist:
FNHI, KNSC, IDGC, VNUE, ARSN, BSTG

AAPL, MDHI & Extended Watchlist

Apple Inc.  AAPL

Apple options continue to be a lucrative venture for us. The October 20th $650 Calls that we pointed out last week did a bang-up job, yesterday running from 1.06 to 6.81 before closing at 6.15.  We also mentioned how the stock likes to bounce off of the 100DMA. As the week comes to a close those options are going to expire, however as yesterday’s 500% rip showed us, the remainder of this week could provide added opportunity. After Friday we will be turning our attention to the Nov. 17th $650 Calls.

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Medical Alarm Concepts Holding, Inc. MDHI

MDHI experienced a minor pullback yesterday, dipping to .0035, then rebounding to close at .0042, which did make for a possible 20% intraday gain. We are looking for support to hold at .0035 moving forward. There was also a bit of positive press that hit the wires this morning that we’ve highlighted below.


Fall Promotion Results in Blow Out Sales — Expect to Sell Out of Inventory — More MediPendant Product on Order from Factory
KING OF PRUSSIA, Pa., Oct 16, 2012 (eTeligis.com via COMTEX) Medical Alarm Concepts Holding, Inc. (OTCQB: MDHI.PK) today announced it has kicked off its fall retail Internet sales promotion programs, which are resulting in extremely strong incremental sales. In order to meet this very strong demand, the company is in the process of hiring additional staff and acquiring additional MediPendant inventory via the acceleration of factory deliveries.

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ADDED NOTE: We’d also like to congratulate anyone that capitalized on yesterday’s medical marijuana round-up report. HEMP earned us a spot on the Penny Stock Rumble top gainers list for its 39% intraday run from .027-.0374.

(We also still want to keep the rest of the plays we mentioned on watch: GRNH, RFMK, MWIP MJNA, CBIS)

____Extended Watchlist:
KNSC, EGCT, PPHM, FRO, STEM, BCOM,