Tag: SKLN

Blue Horseshoe Stocks: AAP Options Recap & More

Advance Auto Parts AAP – Options Recap

We signaled a few options ideas for the AAP chain after simultaneously picking up on a heck of a bottom setup on the chart as well as a strong earnings report from the company yesterday morning.

It turned out to be another great set of selections for us, as AAP ran early on in the session, making some nice gains possible for anyone who caught our ideas, the AAP Weekly $85-95 Calls, and the 01/19 $95-105 Calls.

Weekly $85-95 Calls
$85 Calls – Range: 9.90-17.00 – Max Gain: 71%
$90 Calls – Range: 5.12-12.40– Max Gain: 142%
$95 Calls – Range: 1.97-8.00 – Max Gain: 306%

01/19 $95-105 Calls
$95 Calls – Range: 5.50-9.15 – Max Gain: 66%
$100 Calls – Range: 3.50-6.60 – Max Gain: 89%
$105 Calls – Range: 2.11-3.58 – Max Gain: 70%

We will of course continue to track the activity in these plays as we head through midweek.

Roku, Inc. – Update

Having had its IPO just six weeks ago, ROKU has made some excellent progress on the chart and already provided us with multiple opportunities for solid gains. We signaled some options ideas on Friday and those turned in gains ranging from 207-491% in that single session.

We also want to talk about the move in the stock itself since that alert, at which time we witnessed it trading for as little as 30.50 per share. Yesterday’s new high of 48.80 marked a 60% increase in a span of just three sessions. That’s a fantastic move for a $30 stock to make in such a short time.

Now that it seems that ROKU is coming down off of those highs, we are going to want to stay with the trend and flip momentarily to the other side of the fence with some bearish options ideas to finish out the week, with the ROKU Weekly $36.50-34.50 Puts.

Extended Watchlist:
PLCE, GFI, CMLS, BOOT, SKLN

Blue Horseshoe Stocks: Options Ideas & More

Options Ideas

Tesla Inc. TSLA- With TSLA recently finding support after a month-long overall downtrend, and its earnings report coming up this afternoon post-market, we’re going to want to signal a few options contracts for observation.

A bullish head start yesterday may help the stock continue to run into earnings, and could turn the TSLA  Weekly $330-337.50 Calls into premium targets as we head into the end of the week.

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Allergan plc AGN – Despite posting a Q3 loss, AGN beat expectations, and did see an 11.4% hike in quarter-over-quarter revenues. Combined with the fact that the stock has just come off of a new 52-week low, and it makes us very interested in this as a potential recovery play.

Accordingly, we are going to put the AGN Weekly $175-180 Calls on watch for the remainder of the week, and depending on how the activity shakes out, we may want to look out to next week’s contracts if it appears a more protracted rebound is in the cards. We’ll revisit that possibility later in the week if necessary.

Apptio, Inc. APTI

We also want to provide a quick performance update on APTI, which we included in yesterday’s premarket report.

It wasn’t a blockbuster day by any means, but it did manage to rise from a low of 20.57 to as much as 24.47. That’s a 19% intraday increase, and a very respectable single-session gain for a stock that started out above $20 to begin with. It made the move on more than thirteen times the monthly average volume, so we’ll definitely let this one keep its slot on our watchlists for the time being.

Extended Watchlist:
BGFV, KNDI, BBOX, IBN, GRMN, SKLN, TNK,

Blue Horseshoe Stocks: MBRX Update & More

Lumber Liquidators Holdings Inc. LL
LL is gapping up heavily in the premarket this morning, and we want to look to take advantage of the increased volatility.

With the stock trading up into the $30-range, we’re going to be looking for a possible dip and rip setup as the session kicks off. We’ll look for LL to come down off these premarket highs before ramping back up, and our targets are going to be the LL Weekly $27.50-29.50 Calls.

Moleculin Biotech, Inc. MBRX

A lot of our regular readers will remember the excellent run we witnessed in MBRX not too long ago, after signaling interest in the stock back on the morning of June 21st. It went on to run from .96 all the way up to 3.75, which was followed by a precipitous decline back to the 1.30’s.

We re-alerted on MBRX on July 18th as it began to cycle up for another run, and the upswing it has put together over the past couple of weeks has been nearly as impressive as the first major run. The stock has run from 1.83 back up to the 3.00-mark yesterday, so we’re really going to want to be on the lookout for it to test that previous swing high if it can continue on its bullish pattern.

Extended Watchlist:
S, HUSA, CBMX, SKLN, IDXG, GOGL