Tag: SPWH

Longer-Term Options Idea, Other Updates

PennyMac Financial Services Inc. PFSI – Options Review:

Not all of our daily options ideas are meant to be rapid strike plays, as we often include potential targets that have weeks or even months until expiration. One such ‘longer-term play’, as we typically refer to them, is in the PFSI chain. A little under two weeks ago, in our report from the morning of the 2nd, we signaled interest in a single contract set, the PFSI 12/17 $65 Calls.

On the day of that alert, they posted a low of .70, and after a series of bullish sessions, yesterday culminated into a new high of 4.77. That represents an upswing of 581% in a span in just eight trading days!

Fresh Options Ideas:
SPWH 04/14 $15 Calls

KYN Capital Group, Inc. KYNC – Recap:

On the stock side of things, we wanted to swing back around and recap the move we’ve witnessed in KYNC following our first of several tags of the stock in our premarket reports, on the morning of December 1st.

On that day two weeks ago, we saw KYNC trading for as little as .0035/share, and as of yesterday it had run as high as .0114, which brings our overall observed increase to 226%

Extended Watchlist:
IGMS, CEHD, VRUS, GAXY,  GTII, ICOA, JPEX, TONR, SPWH, TCOM

Blue Horseshoe Stocks: BABA Review & More

Alibaba Group Holding Ltd BABA – Options Review

We saw the contracts we highlighted yesterday morning in the BABA chain make solid multi-bag moves. The BABA Weekly $162.50-170 Calls were our targets, and each one took off for the following moves starting at around 10AM.

$244.50 Calls – Range: 2.58-5.65 – Max Gain: 119%
$245 Calls – Range: 1.26-3.50 – Max Gain: 171%
$245.50 Calls – Range: .52-1.79 – Max Gain: 244%
$246 Calls – Range: .18-.74 – Max Gain: 311%

We also want to continue to keep our eye on these plays to close out the week*, as further increases are a possibility. While BABA’s PPS tapered back into the close, we’re seeing yet another gap up in the premarket this morning.

Wal-Mart Stores, Inc  WMT

Despite seeing a pullback following its earnings report yesterday, WMT rebounded off of support and managed to close near its high of day and is up slightly in early trading this morning.

There may be an opportunity in the WMT Weekly $79.50 & $80 Calls* so we’ll have those on our radars as we wrap up another trading week.

*We don’t include mentions of weekly options contracts on a Friday without explicitly warning our readers every single time. Trading weekly options at the end of the week is an exceedingly risky proposition that should never be attempted by beginning or novice traders!

Extended Watchlist:
DCTH, MNGA, SPWH, CTIC, CBAY, TOPS, THC,
DEWM (Cannabis News)

Blue Horseshoe Stocks: Double-Bottom Watchlist & More

Double-Bottom Watchlist

We like to look for potential rebound plays in stocks that are displaying a double bottom formation on the chart, and we’ve got three such candidate to add to a recovery watchlist this morning.

InVivo Therapeutics Holding Corp. NVIV, Stein Mart,Inc. SMRT, and Sportsman’s Warehouse Holdings, Inc. SPWH have all begun to trend off of a level of support that has been established on one or more previous occasions. We’ll want to monitor this trio in the days and weeks ahead for possible sustained recoveries.



StarBucks Corp. SBUX – Options Idea

Shares of SBUX really came crashing down this morning, all the way to the $55-level, the lowest PPS since March. We’ll be looking to take advantage of a possible forthcoming rebound when the smoke clears.

SBUX has demonstrated solid support in the $54-area earlier this year, so we’ll look for it to hold there or above on this plummet that comes even as analysts are reporting a good outlook.

Once a rebound begins to materialize, we could see some noteworthy activity in the SBUX 08/18 $54-55 Calls.

Extended Watchlist:
UHLN, BVTK, CLDX, OTTV, JAGX, KOOL, IMGN,