Tag: TTOO

Blue Horseshoe Stocks NKE Bear, KMX Bull & More

Earnings-Related Options Ideas

Our regular readers know that quick-strike options trading of plays that have just seen their quarterly earnings releases are among our favorite scenarios. The volatility afforded to us by these events is key to the type of opportunities we are commonly after.

This morning, we have NKE which has untraded-upon earnings reported in the post-market yesterday, and Carmax which dropped its report in the premarket today. We’ve got a set of bearish ideas for NKE and bullish ideas for KMX.

We’ll place the following targets on our watchlist today to monitor throughout the remainder of the week:

CarMax, Inc, KMX Weekly $77-79 Calls
Nike, Inc. NKE Weekly $83.50-81.50 Puts
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L.B. Foster Co. FSTR

We also have a longer term idea for the FSTR chain. As you can see on the chart snapshot we’ve included below, the stock is presently exhibiting a strong multiple-bottom.

We’re going to place the FSTR 10/19 $22.50 & $25 Calls on watch in the likely event that a recovery does occur.

Extended Watchlist: 
MYSZ, TTOO, GPRO, GLBS, TTNP, INNT, DCIX, ONTX

Blue Horseshoe Stocks: AMRS, TTOO Recaps & More

 Cracker Barrel Old Country Store, Inc. CBRL

We were looking at a favorable setup on the CBRL chart along with a premarket earning beat in yesterday morning’s report, and we floated a couple of options ideas that worked out pretty well early on in the session.

We had the CBRL Weekly $150 & 151.50 Calls as well as the 10/20 $155 Calls on watch, and both our short -term and longer-term ideas provided excellent chances for multi-bag gains on the day.

The Weekly $150’s traded in a range from 1.01-4.00 (+296%), while the
$151.50’s ran from 1.10-2.79, gaining 154% intraday. Even the longer-term idea, the 10/20 $155’s more than doubled on the day, running 175% from 1.09-3.00.

Amyris, Inc. AMRS

We wanted to circle back for AMRS today to recap the past month of its performance on the chart. We put this play on bottom-watch on the morning of  August 15th, and as it turns out, our timing was pretty good. It was just a couple of sessions later when we observed a low of 1.86  in the stock, and it’s been mostly bullish moves since then.

Yesterday, AMRS hit a new high of 3.84, marking an overall increase of 106% in matter of just one month’s time. If the stock can manage to break its previous resistance around the 4.30 area, things could get really interesting.

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Added Note:

T2 Biosystems, Inc. TTOO – In that same report from August 15th we were discussing the run we had seen from TTOO from 2.53 to its highs at the time just over $4. It too hit an impressive new high yesterday, at 6.99. That works out to a one month increase of 176%

Extended Watchlist:
ICNB, ONCI, TOPS, ALV, ALDX, IMUC,

Blue Horseshoe Stocks: TTOO Recap & More

T2 Biosystems, Inc. TTOO – Recap

We tagged TTOO as a bottom play just under a month ago in our report dated July 18th, as the stock was undergoing a lengthy period of consolidation. It subsequently found support at 2.53 shortly thereafter, and since that point in time, it has seen a solid recovery off of those lows.

Yesterday, TTOO reached a new high of 4.07, its best PPS all summer long. It worked out to a very respectable 61% upswing over our observed low, and indicators on the chart suggest there is still room for more rapid short term growth, so we’ll continue to keep an eye on this play moving forward.

 SPDR S&P 500 ETF Trust (SPY) – Options Update

The markets ended up rebounding yesterday, leading us to note our interest in tracking the SPY Weekly $244.50-246 Calls in the event that the premarket trend we were noticing continued into the session. That’s what happened, and as a result our highlighted contracts made some really nice intraday moves.

$244.50 Calls – Range: 1.54-2.53 – Max Gain: 1180%
$245 Calls – Range: 1.18-2.05  – Max Gain: 1280%
$245.50 Calls – Range: .83-1.68 – Max Gain: 1225%
$246 Calls – Range: .54-1.30 – Max Gain: 1864%

The possibility of a sustained rally for the markets will lead us to roll up our potential strike prices in the SPY chain up to the $247 and $247.50 Calls to potentially keep this idea rolling.

Zerez Holdings Corp. ZRZH

We first caught wind of ZRZH last year, and it was good to us back then. We want to revisit the stock once again today for a couple reasons.

Not only is ZRZH in a relatively good place on the chart from which to launch a possible rebound, but yesterday the company presented some impressive quarter-over-quarter revenue growth. For those reasons, we want to place this stock on watch this week, a rebound to its previous area of fierce resistance at a nickel would mean considerable gain opportunities from present pricing.

SACRAMENTO, Calif., Aug. 14, 2017 /PRNewswire/ — Zerez Holdings Corporation, (OTC PINK: ZRZH), DBA Smart Cannabis, http://smartcannabis.com today filed its second quarter 2017 quarterly reports with OTCMARKETS. The company reported $2,041,557 in gross revenue, about a 275% increase over first quarter revenues of $544,467 (>>View Full PR)

Extended Watchlist:
AMRS, HMNY, EXTR, DSLV, IDXG, FRSX, FPP