Tag: TGT

Blue Horseshoe Stocks: Retail Stays Hot

Retail Stays Hot

We formulated a couple of earnings related ideas in the retail space in yesterday’s premarket report. The first thing we’ll do is outline the huge multi-bag gains that traders could have netted with the help of our alerts.

The sector as a whole has been producing some good opportunities recently, and with a couple more big names reporting yesterday postmarket and in the premarket this morning, we’ll also hash out a couple of new ideas as well.

Target Corp. TGT  Weekly $75-77 Calls

$75 Calls – Range: .75-1.93 – Max Gain: 157%
$75.50 Calls – Range: .57-1.58 – Max Gain: 177%
$76 Calls – Range: .38-1.29 – Max Gain: 239%
$76.50 Calls – Range: .30-.98 – Max Gain: 227%
$77 Calls – Range: .18-.75 – Max Gain: 317%
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Kohl’s Corp. KSS Weekly $68.50-70.50 Calls

$68.50 Calls – Range: .80-3.40 – Max Gain: 325%
$69 Calls – Range: .65-2.95 – Max Gain: 354%
$69.50 Calls – Range: .58-2.56 – Max Gain: 341%
$70 Calls – Range: .40-2.10 – Max Gain: 425%
$70.50 Calls – Range: .35-1.75 – Max Gain: 400%
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Fresh Ideas:
Abercrombie & Fitch Co. ANF Weekly $22.50-24 Calls
Dollar Tree, Inc. DLTR Weekly $97.50-101 Calls

Extended Watchlist:
XXII, ZAYO, TSG, SGYP, ESNC, BPTH,

Blue Horseshoe Stocks: Retail Earnings Plays

Retail Earnings Ideas

Two of the biggest names jumping out to us off of the earnings calendar this morning are a couple of giants in the retail space, Target and Kohls. We want to formulate some options ideas to correspond with good reports from both companies.

Target Corp. TGT – In the case of Target, the company exceeded expectations on the street for both sales and earnings, while guidance for the remainder of 2019 was promising. That’s just the type pof release we  are always looking out for, and we are going to be tracking the TGT Weekly $75-77 Calls on the heels of this report.
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Kohl’s Corp. KSS – The story is much the same for Kohls. Beats on profits, sales, and earnings sent shares flying in the premarket, so we want to be ready with an idea here as well. We’ll monitor the KSS Weekly $68.50-70.50 Calls as we head into midweek.
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SPDR S&P500 ETF (SPY) – Recap

Fresh for yesterday morning, we signaled some daily calls in the SPY, the SPY 03/04 $280.50-282 Calls, and despite a couple of those being too far out of the money to experience significant moves, we did see a nice performance from the $280.50 Calls. Those ran from ,28 up to .50, good for an intraday pop of 82%

Extended Watchlist:
LB, CIEN, RTTR, IDEX, CTRP, DCAR,

Blue Horseshoe Stocks: TGT Review & More


Target Corp. TGT

For a fresh set of options ideas yesterday morning, we had signaled the TGT Weekly $87.50-89 Calls for observation after the company recorded its best quarterly figures in a decade.

Despite posting a red candle on the day, the early activity in the stock was sufficient to provide our selected options contracts with the juice to make some respectable intraday rips.

$87.50 Calls – Range: .70-1.50 – Max Gain: 114%
$88 Calls – Range: .55-1.22 – Max Gain: 122%
$88.50 Calls – Range: .43-.95 – Max Gain: 121%
$89 Calls – Range: .14-.40 – Max Gain: 186%

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FRESH IDEAS:

We’ll continue to stick with big name earnings plays as long as they’re on the table. Earnings related options trading has become our bread and butter, and for good reason. As TGT proved yesterday, we don’t even need for these stocks to close in the green to give us what we’re looking for- all we need is the right early morning activity.

Today we’ve got a pair of fresh ideas that also just reported earnings. We’re going to be monitoring the Alibaba Group Holding Ltd. BABA Weekly $180-185 Calls, and the Williams-Sonoma, Inc. WSM 09/21 $67.50 & $70 Calls.

Extended Watchlist:
LX, SNPS, NEWA, SNPS, VLRX