Tag: SHIP

Closing Out a Strong Trading Week

More Options Winners

All things considered, things shaped up pretty good for us this week on the options trading front. We had potential gains to report each and every day, and today is no exception. Yesterday morning’s fresh ideas in LLY and ORLY played very nicely in the wake of each company’s quarterly earnings drop.

LLY was the big score, however the ORLY was a longer-term idea with almost a month until expiration, so we may yet see some bigger moves from those in the weeks to come.

LLY Weekly $155-160 Calls  
$155: 2.81-7.50 (+158%)
$157.50: .81-5.16 (+297%)
$160: .50-3.10 (+252%)
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ORLY 05/15 $390-400 Calls 
$390: 7.00-12.46 (+110%)
$400: 7.39-11.00 (+184%)

Fresh Ideas – We’ll also go ahead and form a few fresh ideas to close out the week. We’re seeing insider buys on HAL near its recently established bottom, and we’ve got earnings reports from AXP and that are driving early activity in those plays.

Haliburton Co. HAL 05/29 $10-11 Calls
American Express Co. AXP Weekly $83-85 Calls
Edwards Lifesciences Corp. EW Weekly $225-235 Calls

Extended Watchlist:
TLSS, OZSC, SHIP, CTRM, UNT, VAL, WLL

Blue Horseshoe Stocks: SPY Update

SPDR S&P500 ETF (SPY) – Update

Our fresh options idea to kick off the new trading week yesterday utilizing the SPY started off on a good foot. It’s something we always come back to because of the predictable way it behaves and trades.

We designated the SPY 06/19 $289-290.50 Calls as our contracts of interest, and the markets’ activity played into our hands nicely, for a start. Here were the gains that were made possible on the day yesterday:

$289 Calls – Range: 1.50-2.00 – Max Gain: 33%
$289.50 Calls – Range: 1.24-1.73 – Max Gain: 40%
$290 Calls – Range: 1.00-1.45 – Max Gain: 45%
$290.50 Calls – Range: .80-1.15 – Max Gain: 196%

The SPY is gapping up once again today, and we expect all of these calls to open deep in the money and see new highs. We’re going to continue to monitor these, but also look to roll up and include the $291 and $291.50’s in our watchlist as well.

Robert Half International, Inc. RHI

We’ve got another fresh idea based on the technical setup of the RHI chart, which has been trending up off a double bottom. We see some decent volatility potential, and a topside gap to fill on the chart. This is going to be a longer term idea, which could ultimately turn into a solid recovery play.

We are going to place the RHI 09/20 $55-65 Calls on watch for the weeks and months ahead. RHI most likely wouldn’t even have to fill that gap for us to see results. A run at the 200DMA or even 50DMA would likely produce significant gains in those contracts.

Extended Watchlist:
KOOL, AVXL, CLVS, SHIP, NMR, ABEO, TIGR, NBEV, JAGX

Blue Horseshoe Stocks: AVGO Options Recap & More

Broadcom, Inc. AVGO – Recap

To close out the week on Friday, we took our usual approach in signaling some last-minute options ideas for possible daytrades. In this particular case, we were attracted to the AVGO Weekly $252.50-257.50 Calls, and we’re pleased to report total success on that front, with the help of an eleven-dollar swing from AVGO shares themselves.

All three of the contract sets contained within our designated range produced impressive gain opportunities on the day. The total possible profits for daytraders on each set were as follows: 

$252.50 Calls – Range: 7.95-13.65 – Max Gain: 72%
$255 Calls – Range: 6.14-11.00 – Max Gain: 95%
$257.50 Calls – Range: 2.70-8.00 – Max Gain: 196%
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FRESH OPTIONS IDEA: 

We’ll also formulate a new options idea to start off the week this morning. The market looks like it wants to turn around again today, so we’ll go ahead and slate the SPY 06/19 $289-290.50 Calls as our ones to watch.  


BOTTOM WATCHLIST:

We’ve also got a three pack of bottom plays with freshly reported earnings today. We’ll place all of the following on watch for possible rebounds this week.

Freds, Inc. FRED
FuelCell Energy, Inc. FCEL
Fang Holdings, Ltd. SFUN

Extended Watchlist:
ALTD, DLYT, XRF, BPMC, SHIP, ROX, CJ, NVUS, PES