SPY Archives - Page 154 of 182 - Blue Horseshoe Stocks

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

Blue Horseshoe Stocks: SPY Calls, More Options

SPY Review

After big success with SPY options earlier last week, we decided to roll up our strike prices and make another pass at an some options ideas on the fund to open things up this week. A reversal on plans to slap tariffs on Mexican goods is helping to fuel a push for the markets in early trading today.

Our ideas for Friday were the SPY Weekly $285-286 Calls, and we’re happy to report some huge single session, multibag gain opportunities came out of those calls for us.

$285 Calls – Range: 1.18-3.86 – Max Gain: 227%
$286 Calls – Range: .59-2.89. – Max Gain: 393%

In order to stay close to the action, we’re going to want to stick with bullish SPY calls and roll up our strike prices yet again to kick off a new trading week this morning. We’re going to radar the SPY Weekly $288-290 Calls.

MGM Resorts International Inc. MGM – Form-4 Alert

We always scan for new Form-4 submissions, and MGM is the latest subject of insider trading. A director of the company purchased over $20M in MGM stock three separate times last week. Between the buying from Wednesday, Thursday, and Friday, Keith Meister purchased in excess of $75M+ worth of his company’s shares.

That is no small series of transactions, and leads us to believe confidence on the inside at MGm is high that the stock can continue recover off of its recent relative lows. We’re going to signal some longer term calls to correspond with the situation and begin tracking the MGM 08/16 $28-30 Calls.

SPECIAL NOTE:

We urge readers not to miss out on any of our newsletters this week. We’ve got some plays in cannabis sector that are primed to heat up and we’ll be bringing those to you over the course of the week. You’ll definitely want to catch those, so make sure you’re scanning your inboxes each morning to get in on the action!

Extended Watchlist:
LJPC, AFH, KHC, CFMS, MELI, BYND, FTR, ZM

Blue Horseshoe Stocks: Wrapping Up Big Week for Options

Options Review

We included a pair of options ideas in yesterday’s premarket report, and scored multi-bag hits on both accounts.

We were banking on a third straight bullish day for the markets with our SPY idea, and betting that the huge premarket gap-up on SFIX was unsustainable. In both cases we were correct, and it provided us with the following opportunities:

SPDR S&P500 ETF (SPY) Weekly $283-284 Calls
$283 Calls – Range: .98-2.81 – Max Gain: 187%
$284 Calls – Range: .57-2.00 – Max Gain: 251%

Today we will be looking to roll up our strike price on the SPY and tracking the SPY Weekly $285-286 Calls*.

Stitch Fix, Inc. SFIX Weekly $31-30 Puts
$30 Puts – Range: 1.40-3.22 – Max Gain: 130%

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

At Home Group, Inc. HOME

HOME just missed on earnings and received an analyst downgrade, but on the hunch that the resultant gap-down was based on overreaction, we’re going to radar a set of contracts in the HOME chain to monitor in the event of a rebound. There is an enormous gap now sitting on the chart just waiting to be filled. We’ll have plenty of time to see that happen with the HOME 09/20 $8-10 Calls.

Extended Watchlist:
AMPG, FTD, SNY, RWLK, LJPC, HAIR

Blue Horseshoe Stocks: New Options Plays & More

Turtle Beach Corp. HEAR

This morning to kick things off, we are going to take a look at HEAR, which has gained a bit of momentum over the past couple of sessions after bouncing off a bottom earlier this week. ‘

Technically speaking, the chart has everything we typically look for- a bullish cross of the MACD recently came to pass and we are now seeing clear upward divergence there, and the RSI just cracked the 50-line, indicating that it too is going bullish.

Couple those factors with the convincing surge off of the stock recent relative lows, and we are set up for a possible continuation of momentum, for which we want to be ready with an options idea. We’ll be tracking the HEAR Weekly 10/18 $12.50-15 Calls.

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More Options Ideas

SPDR S&P500 ETF (SPY) Weekly $283-284 Calls
Stitch Fix, Inc. SFIX Weekly $31-30 Puts

Galectin Therapeutics, Inc. GALT – Form-4 Alert

We also want to make mention of GALT, which has been trading sideways near its 6-month lows recently. During this period, we’ve noticed a nearly $20M buy from a GALT insider at these lows.

When this happens we usually like to place a stock on bottom-bounce watch, as it generally tends to suggest that the company director has reason to believe that the stock has reached as low as it’s going to go for the time being.

Extended Watchlist:
AMPG, BOX, TWI, CIEN, ONVO, HIIQ, PBYI, WMGR