Tag: NVDA

Blue Horseshoe Stocks: Options Success & More

 AT&T, Inc. T – Update

As we were mentioning yesterday, AT&T was ripening for a rebound, and the stock did post a bullish session. It allowed for the beginning of what could still end up being an even more impressive move in the options contracts that we signaled for observation.

We put the T 01/19 $34-36 Calls on watch for a longer-term idea, and they got off to a good start, even as the markets in general took a turn for the worse. The solid performance of T made the following gains possible for our options calls:

$34 Calls – Range: .91-1.33 – Max Gain: 46%
$35 Calls – Range: .53-.89 – Max Gain: 68%
$36 Calls – Range: 37-.56 – Max Gain: 51%

At the present time, we still think AT&T has a ton of upside, with indicators on the chart suggesting that yesterday’s positive session was only a precursor to what could be a much bigger rebound.


Trio of Fresh Options Ideas

We’ve got a couple of daytrading ideas for the NVDA and ROKU options chains, and as we always do, we’d like to caution our readers against trading weekly options on a Friday unless you are an expert trader with disposable funds. It’s incredibly risky.

NVIDIA Corp. – NVDA Weekly $205-212.50 Calls
Roku, Inc. – ROKU Weekly $28-30 Calls

We’ve also got a fresh, longer-term idea to add to our list of tracked contracts, after noticing Price Smart was showing a strong double-bottom signal. We’ll place the following idea on watch in coming sessions.as we await this stock’s recovery.

PriceSmart, Inc. – PSMT 01/19 $80 & $85 Calls 

Extended Watchlist:
ATOS, CREG, JCP, SOGO, TOPS, RGSE, CSIQ

Blue Horseshoe Stocks: PRGO Recap & More


Perrigo Co. plc PRGO

We placed a number of options ideas on watch yesterday, and PRGO produced the biggest gainer of the day, even as the markets as a whole continued to be in distress.

Despite posting a loss, the company’s earnings beat expectations and after a huge gap-up to start the day, the stock traded with sufficient intraday volatility to provide a nice opportunity for single-session profits in the PRGO Weekly $75 Calls.

Those contracts traded in a range from a low of .15 up to an impressive high of 2.50, marking an enormous 1566% rip on the day.


Nvidia Corp. NVDA

We’re seeing NVIDIA taking a hit in the premarket this morning, even as it just received a price target upgrade from analysts on the heel of its own earnings report.

We see the possibility of a rebound for NVDA stock leading to some nice activity for the NVDA 09/01 $155 and $157.50’s Calls , so those are the contracts we’ll place on watch today.

Extended Watchlist:
TOPS, SHIP, DCIX GLBS, ANW, ETRM, DEWM

Blue Horseshoe Stocks: Big Move for ORRV & More

Oceanic Research & Recovery Inc. ORRV

On Wednesday, we were mentioning ORRV, and how we’d seen it make a nice move after discussing it in our traders chat the day before. We hinted at the possibility of seeing further gains from this volatile mover, and yesterday provided a truly excellent opportunity to make some fast money, just as we’d hoped.

ORRV traded as low as .0005 in the morning before ripping its way to a daily high of .0022, which marks a single-session run of  340% so congratulations to anyone who noticed our alert and reaped the benefits.

Moving forward we’ll treat this play like any other that has been making solid strides to the upside, looking for it to maintain its uptrend with higher highs and higher lows.


Fresh Options Ideas

NVidia Corp. NVDA – This has been 2016’s top performer on the S&P 500, and one that we’ve visited in our reports on occasion. Despite already being up over 200% on the year, we like the feel of the reversal that occurred yesterday after it previously had appeared that a downturn was setting up. Instead shares of NVDA pressed upward, and the stock is gapping up considerably in premarket trading today.

We’re going to focus upon the NVDA Weekly $112-115 Calls to try to turn a quick profit today.

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Advanced Micro Devices, Inc. AMD – We also want to look at one of NVDA’s direct competitors, which has also been building momentum on the chart, in a general uptrend since the middle of October. Here we’re going to want to monitor the activity in the AMD Weekly $11-12 Calls.
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CAUTION: Never trade weekly options contracts on a Friday if you aren’t an expert trader. These are high-risk/high-reward style plays that are not for the faint of heart, or the inexperienced!

Extended Watchlist:
PHOT, SSPC, GRNH, VAPE, TRKK, MDMN, CEGX(Bottom-Bouncer)