Playing Yet Another Market Reversal

Fresh Options Ideas

We’ve been playing the markets like a fiddle throughout one of the most volatile periods in history, taking advantage of the see-sawing back and forth, and having been able to deliver multi-bag gainers to our readers. Yesterday was no exception.

After Monday’s historic selloff, we turned right around yesterday and fearlessly placed some SPY Calls on watch, which provided instant returns for us.

SPY Weekly $285-288 Calls
$285:
 3.00-8.74 (+191%)
$286: 2.70-8.08 (+199%)
$287: 2.43-7.61 (+213%)
$287.50: 2.26-7.31 (+223%)
$288: 2.25-7.04 (+213%)

We seem on track to see another reversal and down day for stocks today, so we’re going to want to reverse our position and signal interest in the SPY Weekly 282-279 Puts to try to stay in sync with the erratic pulse of the markets.


Aytu BioScience, Inc AYTU

We spotted AYTU in the premarket yesterday, including it in our morning report, and the stock put up the number one performance on the NASDAQ for the day. This was as the company secured the US rights to distribute a rapid point-of-care coronavirus test.

From a low of .91 AYTU reached 2.99, marking an intraday pop of 229% The company did, however, throw a wrench into the works in terms of continuing that run this morning, as they announced a huge $9M direct offering today, which will likely counteract any chance the stock had at stringing together some more nice gains of a similar magnitude.

Short-Term Traders Unphased by Virus

Novint Technologies, Inc. NVNT

As we were just mentioning yesterday morning, the OTC often becomes a haven from uncertainty on the larger exchanges. As the DOW reached terminal velocity in the largest single day loss in history, NVNT, an OTC play we’ve been tracking since nearly the beginning of the COVID-19 outbreak, enjoyed another solid session of gains.

Subsequent to our initial alert on NVNT last month on the 5th, the stock was trading for as little as .017 a share, and as its newly attained high of .06 yesterday, has risen by a margin of 253%


Fresh Options Ideas

We’ve also got a couple of earnings-related options ideas, as the markets appear ready to regain some of the lost ground from yesterday’s session. Dick’s posted a solid bump of same store sales in their Q4 report, while StitchFix cut guidance on annual sales and profits. We’ll also throw in an idea for the SPY in anticipation of some measure of a rebound for stocks today.

DKS Weekly $36-38 Calls
SFIX Weekly $19-16 Puts
SPY Weekly $285-288 Calls



Extended Watchlist:
ATVI, AYTU, PBR, OVV

Market Volatility Spikes, Creating Opportunity

Inovio Pharmaceuticals INO

It appears the markets are once again getting absolutely hammered this morning, and we are back to focusing on those plays which have been enjoying success amid the coronavirus outbreak.  INO is chief among them, largely due to the fact that the company plans to begin human testing of a coronavirus vaccine starting next month.

We tagged this stock for observation back on February 27th, and it has continued to set new highs for us all along the way. From our low of 3.83 INO has now reached 16.00, which works out to total increase of 318%


SPDR S&P500 (ETF) SPY – Recap

We also put forth some SPY Calls in Friday morning’s report, the SPY Weekly $294-295.50 Calls and those produced massive gains in a late day surge, ranging from 900-1100% The market volatility that scares most people, gives short term opportunistic traders like ourselves dollar signs in our eyes, and we’ve been coming up big throughout this very tenuous situation.  .

Weekly $294-295.50 Calls
$294:
 .46-4.70 (+921%)
$295: .30-3.70 (+1133%)
$295.50: .24-3.05 (+1171%)


OTC Watchlist

When big boards get crushed, the OTC becomes something of a haven for traders who are looking for some action during this tumultuous time Here we have a watchlist of some of the ones we’ve been tracking, as well as some new targets to watch.

AGTK, FZRO, IPIX, GRPS, RAFA, NVNT, NUGL, PHOT


Sweeping Options Success

Total Options Success 

We have a multitude of options updates for our readers this morning, including new highs for our Campbell’s ideas from Wednesday morning, and the figures from all three of yesterday morning’s fresh options ideas, which all worked out extremely well.

It is a continuation of what has been an incredibly adept playing of the current market conditions. Our readers are welcome to check our record thoughout this time, and any other (Find ALL of our reports  easily at BlueHorseshoeStocks.com)

CPB Weekly $49-50.50 Calls
$49: 2.03-4.45 (+119%)
$50: 1.25-3.82 (+206%)
$50.50: .98-2.80 (+186%)
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VIPS Weekly $13.50-14.50 Calls
$13.50: 1.25-2.79 (+123%)
$14: .85-2.90 (+241%)
$14.50: .40-1.95 (+388%)
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MRVL Weekly $23.50-25 Calls
$23.50: 1.10-2.21 (+101%)
$24:
 .45-1.78 (+296%)
$24.50: .42-1.32 (+214%)
**$25: .01-.95 (+9400%)**
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SPLK Weekly $152.50-149 Puts
$152.50: 5.15-12.80 (+149%)
$150: 3.58-11.00 (+207%)
$149: 3.10-8.79 (+185%)
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Fresh Ideas:
SPY Weekly $294-295.50 Calls*

*Don’t trade weekly options on a Friday unless you are an advanced level trader with access to disposable funds!



Hear AtLast Holdings, Inc. HRAL

We’ve been tagging a lot of OTC stocks for observation in our extended watchlists, as penny plays can often see a rise in activity when uncertainty hits the major markets.

HRAL was the most impressive performer from yesterday’s list, with two distinctive moves on the day, first from .035-.0549 (+57%) and then from .0301-.043 (+43%) works out to cumulative gains of up to 100%


Multi-Bag Options Runners

SPDR S&P500 (ETF) SPY – Review

We really couldn’t have timed our call of the market reversal any better, and in fact, our handling of the whole coronavirus issue has been extremely fortuitous by all accounts. Our targets, the
SPY 03/13 $298-301 Calls, were able to see some excellent new highs on the strength of the rebounding market.

The following gains represent the lows subsequent to Friday’s call of these plays to the new highs recorded yesterday:

SPY 03/13 $298-301 Calls
$298: 5.67-14.21 (+151%)
$299: 5.44-13.97 (+157%)
$300: 4.65-13.42 (+187%)
$301: 4.54-12.47 (+175%)


JD.com, Inc. JD

We also had the JD Weekly $39.50-41.50 Calls, which we offered up fresh for yesterday’s report. Despite China fears abounding, this Chinese retailer dropped solid earnings and performed exceedingly well on the day.

All of our target contracts enjoyed significant multibag moves on the day.

JD Weekly $39.50-41.50 Calls
$39.50: 1.91-4.60 (+136%)
$40: 1.55-4.17 (+169%)
$40.50: 1.30-3.60 (+177%)
$41: 1.02-3.40 (+233%)
$41.50: .85-2.75 (+224%)

We’ll roll up to the JD Weekly $42.50-43.50 Calls to stay closer to the action as we head into the midweek point.
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Fresh Ideas:
KSS Weekly $39.50-41.50 Calls
TGT Weekly $109-111 Calls


Extended Watchlist:
CHK, CVGW, SBBP, IPIX, 

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