MKC Archives - Page 4 of 5 - Blue Horseshoe Stocks

Options Performance on the Week Remains Flawless

More Options Review:

It has been a really good stretch for us with regard to our daily options ideas. We have been firing on all cylinders for several consecutive sessions, with yesterday’s slate of three all turning in excellent cards for the day., even our idea of the August calls in AXSM that was meant for a longer period of observation.

Our specific areas of interest in yesterday’s premarket report were the SPY 06/29 $390-392 Calls, the CHK 07/15 $85-90 Calls, and the AXSM 08/19 $35-30 Puts. The SPY ran hard in the very early goings before the markets slid during the rest of the session, but that early push was more than enough to facilitate some nice moves for us. Those gains were as follows:

SPY 06/29 $390-392 Calls
$390: 3.00-4.75 (+58%)
$391: 2.49-4.03 (+62%)
$392: 2.03-3.44 (+69%)
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CHK 07/15 $85-90 Calls
$85: 6.24-7.10 (+14%)
$90: 2.95-4.50 (+53%)
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AXSM 08/19 $35-30 Puts
$35: 1.47-3.70 (+152%)
$32.50: 1.40-1.95 (+39%)
$30: 1.00-1.32 (+32%)

Fresh Options Ideas:
AVAV 07/15 $75-70 Puts
GIS 07/15 $70-72.50 Calls
MKC 07/15 $90-80 Puts

Clubhouse Media Group Inc. CMGR – OTC Recap:

We’ve also continued to have good fortune with several of the OTC stocks that we track routinely in our daily extended watchlists, and the latest one to blow its top is CMGR. We signaled this play for observation on Thursday, and the run it has made has been quite impressive, moving up from a low of .0033 and hitting .0135 for an increase of 309%

Extended Watchlist:
SSOF, SNMN, ILIM, MWWC, KRFG, HYSR, GRLF, PHIL, AKBA, TRVI, ALNA, CANF, CBIO

Recent Bottom-Bouncers & More

Recent Reversals

We are tracking three unrelated yet similar plays as our first area of interest this morning. These are all stocks that have recently recorded a bottom-bounce reversal, with recoveries underway.

Blink Charging Co. BLNK
Kandi Technologies Group, Inc. KNDI
Sorrento Therapeutics Inc. SRNE

We are going to place these stocks on our watchlist moving forward and begin to track their movements in the days and weeks ahead. Their current runs may only just be getting started.

McCormick & Co. MKC – Options Update

We also offered up an options idea in yesterday’s premarket report, targeting the MKC 10/16 $195 Puts, on the heels of the company’s earnings report.

We got some very nice early activity out of that contract, which traded up from a low of 5.84 and went on to hit 12.85. That represents an intraday gain of 120%
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Fresh Options Idea:
SPY Weekly $334-335 Calls

Extended Watchlist:
CLR, ABCE, PMPG, VPLM, WTII

Options Gains, Fresh Idea

Trip.com Group Ltd. TCOM

We’ve been tracking a set of calls in the TCOM chain since Friday morning, when we alerted on the TCOM 10/16 $27-29 Calls. Leading into yesterday’s session they had recorded some modest gains, and for the second session in a row yesterday we saw higher highs.

Here are the total ranges and potential profits that our TCOM targets have netted over two trading days:

TCOM 10/16 $27-29 Calls
$27: 2.62-4.40 (+68%)
$28: 1.88-4.16 (+121%)
$29: 1.18-3.20 (+171%)

Uber Technologies Inc. UBER

We also had some fresh ideas in yesterday’s report, one of which being in the UBER chain. We signaled interest in tracking the UBER Weekly $34.50-36 Calls and all four of those sets posted some respectable upswings on the day:

UBER Weekly $34.50-36 Calls
$34.50: 1.36-2.29 (+68%)
$35: 1.02-1.90 (+86%)
$35.50: .73-1.54 (+111%)
$36: .58-1.22 (+110%)

Fresh Options Idea:
MKC 10/16 $195 Puts

Extended Watchlist:
CLIS, CLOW, UEEC, OZSC, GAXY, GAHC

Blue Horseshoe Stocks: Options Review

Options Review

We dedicated yesterday’s premarket newsletters to our Special Report, so we wanted to circle back this morning to go over a couple of options ideas we submitted to our readers on Tuesday morning.

We had identified plays in the ULTA and MKC options chains following a Form-4 Alert and an earnings report, respectively, and in both cases we met with fantastic multi-bag gain opportunities. Here were the total possible profits on the table:

ULTA 11/01 $260-265 Calls
$260 Calls – Range: 4.00-13.30 – Max Gain: 233%
$262.50 Calls – Range: 2.60-12.50 – Max Gain: 381%
$265 Calls – Range: 2.80-11.25 – Max Gain: 302%
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MKC Weekly $155-160 Calls
$155 Calls – Range: 5.58-13.58 – Max Gain: 143%
$160 Calls – Range: 2.82-9.12 – Max Gain: 223%
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Fresh Options Idea:
PEP Weekly $134-136 Calls

American Renal Associates Holdings, Inc. ARA

We also want to place ARA on watch as a possible bottom bounce play. The stock has never been much lower than where it’s currently trading, has a recently history of sharp spikes, and indications that a significant rebound could be on the way. We’ll keep an eye peeled for such activity over the next several sessions.

Extended Watchlist:
CBNT, CLVS, ARQL, BIOC, HYRE, MEET

Blue Horseshoe Stocks: Options Trio

Fresh Options Ideas

We have a trio of fresh options ideas for today’s report- a couple of earnings plays, and a Form-4 alert.

Ulta Beauty, Inc. ULTA – We saw a Form-4 pop up on ULTA last week, as the stock was beginning to find its way up off a bottom. There is an absolutely massive topside gap on the chart, so we’re looking at this as a longer-term idea.

We’re set to track the ULTA 11/01 $260-265 Calls over the next few weeks, which would play very well if the stock can even begin to fill that gap.
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McCormick & Co. Inc. MKC – First up for our pair of earnings plays, we’ve got MKC, which posted a Q3 profit beat as well as heightened guidance. We’re going to tag the MKC Weekly $155-160 Calls for observation this morning.
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Stitch Fix, Inc. SFIX – Lastly, we’ve got SFIX earns coming up in the post-market this afternoon, and the stock is at a really good spot on the chart. We’re going to radar the SFIX Weekly $19.50-20 Calls.

IMPORTANT REMINDER!

We will be initiating coverage on a brand new high-potential nanotech play tomorrow morning!

Stay glued to those inboxes or visit BlueHorseshoeStocks.com shortly after 9AM tomorrow morning for our Special Report!

Extended Watchlist:
CLSI, ADT, SOL, CFMS, ADXS, IOVA, CVEO