STRY Archives - Blue Horseshoe Stocks

No Shortage of Good Options Plays

A Successful Tuesday Slate:

We kept things trending in a good direction with the options ideas we signaled in our premarket report yesterday morning, offering up our best shots with a slate of four potential targets for our readers. With the exception of one single contract set in one of those designated ranges, we saw appreciable intraday movement and gain chances in every case.

Those targets were the BABA 01/20 $111-113 Calls, the FRO 01/20 $13-14 Calls, the ACI 01/20 $20-21 Calls, and the PSMT 01/20 $60-65 Calls. The potential profits on those ranged from nominal with the ACI targets, to extremely impressive, in the case of FRO. Here’s how all of those ideas came through for us:

BABA 01/20 $111-113 Calls
$111: 2.97-5.45 (+84%)
$112: 2.49-4.80 (+93%)
$113: 2.05-4.15 (+102%)
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FRO 01/20 $13-14 Calls
$13: .63-1.75 (+178%)
$14: .20-.97 (+385%)
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ACI 01/20 $20-21 Calls
$20: 1.00-1.30 (+30%)
$21: .24-.40 (+75%)
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PSMT 01/20 $60-65 Calls
$65: 1.00-3.61 (+261%)

Fresh Options Ideas:
KBH 01/20 $34-35 Calls
SPY 01/11 $391-392 Calls*
TSLA Weekly $120-122 Calls
BBBY Weekly $2.50 Calls

*Trading options on their day of expiration is typically a higher risk/reward situation, and should only be attempted by experienced traders

Extended Watchlist:
CLGCF, CLVSQ, TUEM, KNOS, FRFR, STRY, KGKG, TLSS, NEWH, BIOR, BWEN, LIPO, BBBY, HEPA, LASE

Closing Out Another Great Trading Year, HAPPY 2023!

Today, we close the books on what has been another fantastic year of stock and options trading. 2022 came with its ups and downs, but we weathered all the storms and had plenty of days in the sun! The good far outweighed the bad, and we’re looking forward to more excitement in 2023! HERE’S WISHING A VERY HAPPY NEW YEAR TO YOU AND YOURS!

Cal-Maine Foods Inc. – Options Review:

This morning we’re very happy to submit our last 2022 entry with a bang, by relaying the excellent performance we got out of our single options idea in yesterday morning’s premarket report. We went bearish on CALM, and were instantly rewarded as the stock fell off of a cliff, despite a hot day for the markets as a whole.

Our targets of interest were the CALM 01/20 $60-57.50 Puts, and the multibag intraday profit chances they yielded were exceptional. Here are the intraday ranges and total possible gains they managed for us:

CALM 01/20 $60-57.50 Puts
$60: 1.85-7.30 (+295%)
$57.50: 1.25-5.30 (+324%)

Fresh Options Ideas:
AVY 01/20 $180-185 Calls
CSL 01/20 $240 Calls

Kala Pharmaceuticals, Inc. KALA – Recap:

We had just updated readers yesterday morning on KALA, which we included in Wednesday morning’s extended watchlist. The stock was surging in the premarket, and between the time of our alert at 9AM and the open, KALA hit an amazing new high of 45.70. From the 6.00 low we observed on Wednesday, that worked out to an overnight swing of 662%

Extended Watchlist:
KGKG, STRY, LGIQ, BMXI, SILO, PALI, SILO, TUEM, DRMA, EVAX, PKPH

OTC Recaps, Fresh Options Idea

STRY and GTII Continue to Break Out:

Today we wanted to come back to STRY and GTII, two of the OTC plays that we featured in yesterday morning’s report, for a couple of reasons. Firstly, while the ranges we gave for their prior movements were correct, the percentages were not as they were listed. The proper figures were 103%, and 62%, respectively.

That being said, we are happy to report that both of those stocks added new gains yesterday, pushing our observed highs higher, which are correct this time, and you will find below. Even if you weren’t already tracking and into one of these plays, there were still single-session opportunities available. STRY’s daily range was .026-.059 (+127%) and GTII posted a jump from 1.20-1.85 (+54%). Our total witnessed runs since the dates mentioned below are as follows:

Starry Group Holding, Inc. STRY
Alerted: December 20th
Range: .0165-.059 (+258%)
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Global Tech Industries Group, Inc. GTII
Alerted: December 22nd
Range: .74-1.85 (+150%)

Options Ideas:
ICFI 01/20 $95-105 Calls

Extended Watchlist:
CRTD, RLFTF, LEAS, NXTTF, KALA, LUCY, JNCE, UTRS, UNCY

Kicking Off the First of Two Short Trading Weeks

Dave & Busters Entertainment, Inc. PLAY – Options Review:

We just had a single solitary options idea that we formulated for Friday morning’s premarket report, in the Dave & Busters chain, the PLAY 01/20 $35-37 Calls. We’ve got an update on this morning to start off this short week, which we expect to be rather laid back, if prior years are any indicator.

There weren’t any other interesting earnings reporters going out on the day, but we managed to eke out some decent gains. We’re going without earnings once again today, but we’ve got some increased activity in the OTC as you’ll read about below.

PLAY 01/20 $35-37 Calls
$35: 1.03-1.85 (+80%)
$36: .72-1.27 (+76%)
$37: .60-.81 (+35%)

More OTC Recaps:

We tend to lean more heavily on the OTC toward the end of the year, when penny stocks typically heat up compared to the larger markets. Not many large companies are reporting earnings at the moment, and OTC tax loss selling can hammer a lot of these stocks down. That, in turn, causes a wave of opportunistic traders like ourselves to swoop in and accumulate cheap shares. The net result is a heightened landscape of possibility for many over the counter stocks.

Below, we’ve got a group of OTC plays we’ve been tracking in recent reports that posted some new highs on an otherwise mundane Friday. We last alerted STRY and BIEI on the 20th, and GTII just a couple of days later. Here were the updated figures on the total ranges and possible gain opportunities as we closed out the trading week:

Starry Group Holding, Inc. STRY
Alerted: December 20th
Range: .0165-.0335 (+103%)
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Premier Biomedical Inc. BIEI
Alerted: December 20th
Range: .0031-.006 (+99%)
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Global Tech Industries Group, Inc. GTII
Alerted: December 22nd
Range: .74-1.20 (+62%)

Extended Watchlist:
ICNM, OTTV, CYDY, CLOW, DBMM, HIRU, BWLKF, APE, ATNF, HTGM, NEPT, CEI, GMTX

Muted Start to the Week, Fresh Ideas

Monday’s Options Recap:

The markets got off to a rough start yesterday, and that did negatively impact the scope of our options success with the plays we were monitoring, especially considering they were targets January expirations. We may yet see those rise to the occasion, but for now, our one quick-strike idea from yesterday’s premarket report did make a significant intraday move.

The SPY typically provides a lot of good intraday volatility for us, and is quite often good for solid intraday gains when timed properly. Our actual targets for yesterday were the SPY 12/19 $383-384 Calls, and these were the largest intraday swings we witnessed:

SPY 12/19 $383-384 Calls
$383: .65-1.45 (+123%)
$384: .38-.90 (+137%)

Fresh Options Ideas:
GIS 01/20 $85-80 Puts
PLAY 01/20 $35-36 Calls
HEI 01/20 $150 Calls

OTC Recaps:

We had another couple of plays that performed well off of yesterday’s extended watchlist. Especially on slow days for options, monitoring these daily selections of mainly OTC stocks has often proved to be a good alternative use of our time.

Starry Group Holding, Inc. STRY
Alerted: December 19th
Range: .01-.035 (+250%)

Premier Biomedical Inc. BIEI
Alerted: December 19th
Range: .0031-.0046 (+48%)

Extended Watchlist:
VWAPY, MGUY, ENZC, SHWZ, TRFE, AMIH, ICCM, ATNX, VRNA, AUVI, XCUR