SPY Archives - Page 163 of 192 - Blue Horseshoe Stocks

Blue Horseshoe Stocks: SPY Keeps Producing

SPY Keeps Winning

Yesterday morning in our premarket report, we had just wrapped up with our recap of Friday’s multi-bag winning SPY Calls, and of course we rolled the dice again. We issued an alert for some fresh SPY ideas, and were rewarded with the chance at some serious intraday gains late in the session.

Of the three contracts in the range of the SPY Weekly $295-296 Calls, it was the $295 and $295.50’s that produced the eye-popping moves. The $295’s traded in a range from .08 to .74, an 825% rip, while the $295.50’s blasted off on a run from .03-.31, for a gain of 933%

Nu Skin Enterprises, Inc. NUS

We’re also interested in putting NUS on watch as a possible longer term, swing trade candidate. The chart is technically attractive, with the stock testing its 50DMA briefly yesterday. The volatility ppotential is there, and it has the makings of what could be a good rebound play.

We’re going to place the NUS 09/28 $50-55 Calls on watch. A break past that 50DMA, even the likes of what occurred toward the beginning of last month, would mean ample opportunity in our designated range.

Extended Watchlist:
CUR, CETX, NGD, DOVA, EROS

Blue Horseshoe Stocks: Updates, New Ideas

SPY Review

On Friday, as we usualy do, we signaled some last minute ideas for options trading. In this case we called the SPY Weekly $292 Calls, and we wanted to update readers on the performance those put forth.

Thanks to a surge in the markets later in the day, which ran hard into the close, the SPY took off, and brought our trading idea with it. From a low of .37, the $292 Calls ran as high as 2.23. That was good for a single-day move of 503%

These instances should serve as an ongoing reminder of why we’ve shifted main focus to quick-strike options trading over the years. We have several multi-bag gainers like this each week. Case in point: Prior to this SPY Call we even had a couple of thousand percent gainers last week as well. We’ll attempt to find similar success once again as we kick off this holiday-shortened split trading week.

Fresh Idea:
SPY Weekly $295-296 Calls

MGM Resorts International Inc. MGM

We’ve been tracking a range of MGM contracts over the past few weeks, and the push into the close on Friday helped move the needle here as well.

Our targets have been the MGM 08/16 $28-30 Calls and while we have seen some decent little moves so far, there’s still plenty of time remaining before expiration. We wouldn’t be surprised to have to revisit these ideas again for more updates on added gains in the sessions to come.

$28 Calls – Range: 1.09-1.66 – Max Gain: 52%
$29 Calls – Range: .74-1.17 – Max Gain: 58%
$30 Calls – Range: .44-.75 – Max Gain: 70%
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Other Updates:

We had both PHUN and FRSX in our extended watchlist on Friday and both turned in solid first day performances.

PHUN – Range: 2.69-3.86 – Gain: 43%
FRSX Range:1.55-2.94 – Gain: 90%

Extended Watchlist:
TRCH, TSEM, IIVI, KRTX, LLEX, OCUL, CIFS, GNW

Blue Horseshoe Stocks: Options Review

Adobe, Inc. ADBE – Update

After continued success with SPY calls early this week and persisting through to their expiration yesterday, we issued yet another fresh options idea in yesterday morning’s premarket report for the ADBE chain.

ADBE reported a strong Q2 earnings beat and was looking ripe in the premarket. We signaled our interest in tracking the ADBE Weekly $285-290 Calls and we were exceedingly pleased with the idea’s first day performance, which yielded chances at multi-bag gains.

$289 Calls – Range: 2.94-7.40 – Max Gain: 152%
$289.50 Calls – Range: 1.83-5.25 – Max Gain: 187%
$290 Calls – Range: 1.07-3.51 – Max Gain: 228%

With the markets gapping up hard today, we would expect to see new highs on each of these contract, in which case we will report the final possible gains in tomorrow’s newsletters.
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MORE FRESH IDEAS:
SPDR S&P500 (ETF) SPY Weekly $294-296 Calls
Commercial Metals Co. CMC Weekly $16-17 Calls
Oracle Corp. ORCL Weekly $55-56 Calls

Extended Watchlist:
IAG, ZYME, KGC, COMM, MLNT, SVM, URL

Blue Horseshoe Stocks: ADBE Options & More

SPDR S&P500 ETF (SPY) – 2nd Update

We have basically called the activity in the SPY this week absolutely perfectly. On Monday we signaled the
the SPY 06/19 $289-290.50 Calls, and while we only saw moderate gains on the first day of trading, we did reiterate our interest in them in yesterday’s morning report.

We mentioned that the premarket activity suggested that further gains for our tracked contracts were on the way, and we couldn’t have been more on the money. Here are the updated two-day upswings that we have now seen out of the SPY on those initially targeted contracts.

$289 Calls – Range: 1.50-4.60 – Max Gain: 207%
$289.50 Calls – Range: 1.24-4.15 – Max Gain: 235%
$290 Calls – Range: 1.00-3.72 – Max Gain: 272%
$290.50 Calls – Range: .80-3.31 – Max Gain: 314%

For those paying attention, in yesterday’s SPY update, we also rolled up to include another pair of ideas, the SPY 06/19 $291-291.50 Calls, and those too saw some excellent intraday gain opportunities.

$291 Calls – Range: 1.20-2.95 – Max Gain: 146%
$291.50 Calls – Range: .96-2.55 – Max Gain: 166%
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FRESH IDEA:
Adobe, Inc. ADBE Weekly $285-290 Calls

SunPower Corp. SPWR

We also want to comment on what has turned into one of the most steady-growth movers of 2019, in SPWR. We began tracking this play all the way back in January. We typically go after quick-strike opportunities, but it became very apparent after awhile that SPWR was good for a much longer term look.

The ground it has covered in this calendar year has been incredible. From our observed low of 5.06 just a couple days after our alert, the stock has now scored a double-bagger, and then some. Yesterday it hit a new high of 11.01, marking a total increase of 118%

Extended Watchlist:
MLNT, FRED, TWMC, NURO, ROX,

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