Blue Horseshoe Stocks: Options Gainers & More

Options Recaps

We formulated a fresh idea yesterday morning for the PEP options chain and found some instant success there. We also want to track back to an idea we hashed out for ROKU a couple of weeks ago, on the morning of Sept. 23rd, and the performance it has recorded since then.

PepsiCo, Inc. PEP Weekly $134-136 Calls 

$134 Calls – Range: 2.92-5.75 – Max Gain: 97%
$135 Calls – Range: 2.10-4.60 – Max Gain: 119%
$136 Calls – Range: 1.38-3.85 – Max Gain: 107%

ROKU 11/01 $115-118 Calls
$115 Calls – Range: 3.00-5.81 – Max Gain: 94%
$116 Calls – Range: 3.60-5.15 – Max Gain: 43%
$117 Calls – Range: 2.82-4.90 – Max Gain: 74%
$118 Calls – Range: 2.50-4.06 – Max Gain: 62%
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Fresh Options Idea:
SDPR S&P500 (ETF) SPY Weekly $289-291 Calls


Ocugen, Inc. OCGN

We also want to designate OCGN as a bottom-watch play this morning. The stock recently became NASDAQ-trading after a merger with Histogenics, and the PPS fell off a cliff.

OCGN is currently hanging around just above the two dollar level here in the premarket, and we will be tracking its movements over the next few sessions to see if it can pick up some steam as a bottom-bouncer.


We released a Special Report on CBNT (Click here to view) Wednesday morning, and the stock made a solid 30% move up yesterday. We’re going to continue tracking this nanotech play. Stay tuned for updates. 


Extended Watchlist:
BHGE, SRPT, PHUN, AVYA, RNG, NAKD, SONO, YUMA

Blue Horseshoe Stocks: SPY Recap

SPDR S&P500 (ETF) SPY

As we close out another solid week of stock and options trading, we just wanted to provide one final update on the SPY Calls we made earlier in the week. The markets dipped in the first half of the session yesterday, but recovered throughout the rest of the day.

Our idea from our premarket report on Wednesday morning of the SPY Weekly $296-297 Calls all produced double-bag intraday opportunities, and the two sets that we rolled up to include on our watchlist, the $297.50 and $298 Calls, kicked in multi-bag performances of their own.

$296 Calls – Range: .99-2.16 – Max Gain: 118%
$296.50 Calls – Range: .74-1.76 – Max Gain: 138%
$297 Calls – Range: .55-1.39 – Max Gain: 153%

$297.50 Calls – Range: .40-1.05 – Max Gain: 163%
$298 Calls – Range: .27-.77 – Max Gain: 185%

Just as there was yesterday, there may be another dip and rip chance for opportunistic traders to seize upon, so we’ll leave these plays on our radar as we finish out the week.


Extended Watchlist:
IGNG, PRPO, OSTK, TBLT, DSLV, XBIO, ZIOP, TMDI, PSTV, LVS, AMRH, NTLA, EKSO

Blue Horseshoe Stocks: PIR Run Continues & More

Pier 1 Imports, Inc. PIR 

We began tracking Pier 1 toward the end of last month on the 27th. At the time, the stock was trading for as little as 3.92/share.

The performance it has put together over the last three-plus weeks has been nothing short of astonishing. Ignoring all market trends, the stock has been in a near-continual uptrend, which culminated at a new high of 14.64 yesterday. That represents an excellent 273% increase inside of a month!


Weatherford International plc  WFTIQ

Speaking of recent stock calls we’ve made that have enjoyed impressive performances, we wanted to update readers on the status of WFTIQ in recent weeks.

We initially alerted WFTIQ a couple of weeks ago on September 10th. We caught this one at a low of .0198, and it has now run to an even .04. That’s a two-week upswing of 102%


Fresh Options Ideas:
NKE Weekly $89-91 Calls
SPY Weekly $296-297 Calls


Extended Watchlist: MPC, IRIX, OGEN,

Blue Horseshoe Stocks: EROS Update & More

Eros International Plc. EROS 

We revisited EROS yesterday morning, just under one month following our August 21st report, mentioning its recent run which began from a low of 1.20.

The stock was moving in the premarket in the wake of a news announcement placing the company in partnership with Microsoft. We felt the news had a chance to carry the stock even higher than we had seen it run already, and that’s just what yesterday’s session brought.

EROS ran to a new high of 3.92, which marked an overall increase of 227% over our observed low roughly three weeks ago. The performance was also good enough to land the stock in the #1 slot on the NASDAQ daily top gainers list.


Fresh Options Idea:
Overstock.com, Inc. OSTK 10/04  $15.50-16 Calls 

SPDR S&P 500 (ETF) SPY Weekly $299.50-300 Calls*

*Please do not attempt to speculate with weekly options on a Friday unless you are an expert level trader with access to disposable funds!


Extended Watchlist:
NXGB, HDB, VEDL, PLAN, FNSR, CRC, MDR, SCS

Blue Horseshoe Stocks: Fresh Options Plays

MasterCraft Boat Holdings, Inc. MCFT – Fresh Idea

We’ve picked up on a very interesting chart shape in Mastercraft this morning. The stock was well on its way to a solid recovery after bouncing off of its bottom at the end of last month. Despite the company’s earnings beat yesterday, the stock saw a gap-down followed by another bottom bounce.

We are interested in tracking the MCFT 10/18 $15-17.50 Calls in the weeks ahead, which will work out quite nicely if the stock manages another rebound similar to the one it exhibited in recent weeks.


Overstock.com Inc OSTK – Recap

The last time we tagged OSTK was a couple of weeks ago, on the morning of August 27th. We had scored some solid opportunities with short-term options in its chain the week before, but that report was a simple tag on the stock itself.

Subsequent to that highlight of OSTK, the stock saw a low of 14.72. That was followed by seven consecutive bull sessions by the stock, including yesterday’s which sent OSTK to a new high 27.38. That works out to an upswing of 86% in the month of September alone.


Fresh Options Idea:
SPY Weekly $301-302.50 Calls*

*Never trade weekly options on a Friday unless you are an advanced level trader with access to disposable funds!


Extended Watchlist:
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