Blue Horseshoe Stocks: Options Bonanza!

OPTIONS UPDATES

Shoe Carnival, Inc. SCVL- Fresh for yesterday morning’s premarket report was an idea for the Shoe Carnival options chain, in response to the company’s post-market earnings beat from Tuesday afternoon. We cited the SCVL 04/18 $35-40 Calls as being most attractive to us, and we met with some solid success on day one.

With the help of a move out of the stock from 35.00-37.72, we saw significant movement from each of our designated strike prices. The $35 Calls saw a low of 1.56 and reached a high of 3.50, which represents a max gain possibility of 124%  while the $40s impressively ran 233% from .30-1.00.

A strong close for SCVL indicates a very plausible chance at seeing even more gains in the near-term, so we’ll continue to track the activity here.
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Centene Corp. CNC – Along with the SCVL idea, we also floated a longer-term one for CNC that produced instantaneous results. We had targeted the CNC 09/20 $50-55 Calls and despite such a lengthy period remaining until expiration, we saw some excellent volatility there in just a single session.

The $50 Calls traded up from 1.80 to 3.50, a gain of 94% while the $55 Calls ripped a big gain  from .31-1.05, which works out to an intraday pop of 239%



Lululemon Athletica LULU

We also want to issue a fresh idea for LULU this morning after the company’s own post-market quarterly financials drop, which included a big earnings beat and some enticing guidance for the remainder of the year. The stock is surging to all-time highs in the premarket, and we don’t want to get caught sitting on our hands when the lid blows.

We’re going to radar the LULU Weekly $162.50-170 Calls, which could end up seeing some serious gain activity over the next session or two.
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Bonus Idea:
FIVE Weekly $125-127 Calls


Extended Watchlist:
JSDA, PVH, URG,

Blue Horseshoe Stocks: AAPL Options & More

Apple, Inc. AAPL -Options Idea

Apple has been getting beaten back over the past several sessions, even as the company unveiled new product upgrades in Apple TV+, Apple Arcade, and the Goldman Sachs/Mastercard-powered Apple Card. We will look for a rebound on the heels of some relief in the Apple camp over the company’s international dispute with Qualcomm currently under review at the International Trade Commission.

We’re going to radar the AAPL Weekly $187.50-190 Calls and track the activity there for the rest of the week. The stock has been especially volatile on a daily basis over the past week, as compared to the previous couple of months. It could lead to some sizable opportunities for us.


More Fresh Ideas

Shoe Carnival, Inc. SCVL – The setup on Shoe Carnival couldn’t be much better at the moment. The stock had come down to its lowest prices since last year prior to yesterday’s big post-market earnings beat.

We are going to want to put some contracts in this chain on watch as well- particularly, the SCVL 04/18 $35-40 Calls.
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Centene Corp. CNC – Centene just got pushed down well below what appeared to be a strong double bottom, and is now trading at new 52-week lows. We’re going to begin monitoring on a longer-term basis for an eventual recovery, with the CNC 09/20 $50-55 Calls.


Extended Watchlist:
EVLV, TBLT, AVEO, SXTC, CTRM, AYTU, FCSC, GLBS