Closing Out a Great Trading Week

Weekly Wrap-Up

We absolutely crushed on the options front this week. This occurs on a weekly basis to some extent, but our success this week was especially pronounced.

We had just gotten finished yesterday morning updating readers on the 200%+ gains made by our CAT calls in the previous session (which added new highs yesterday, by the way), when we submitted three fresh options trading ideas.

 We are pleased to report that two out of three of our newly submitted ideas produced opportunities for multi-bag gains for ourselves and our readers, with the third coming awfully close. Here’s the breakdown: 

AZN Weekly $46-47 Calls
$46 Calls – Range: 
.33-1.25 – Max Gain: 279%
$46.50 Calls – Range: .20-.60 – Max Gain: 200%
$47 Calls – Range: .15-.45 – Max Gain: 200%

PYPL Weekly $104-105 Calls
$104 Calls – Range: 
.75-1.51 – Max Gain: 101%
$105 Calls – Range: .35-.80 – Max Gain: 129%

MSFT Weekly $138-139 Calls 

$138 Calls – Range: 1.35-2.50 – Max Gain: 85%
$139 Calls – Range: .83-1.65 – Max Gain: 99%

____

Fresh Options Ideas:
INTC Weekly $52.50-54 Calls*

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


Black Cactus Global, Inc. BLGI

Thanks to our dear trader friend, Mark S. who has been a longtime follower of ours, for sending us a PM in the premarket relaying the fact that the company just reinstated with the SOS.

That led to us including BLGI in yesterday’s extended watchlist, and the stock subsequently made a move from .0069-.0265, for an upswing of  284% on the day!

Having a solid community of respected members is what we thrive on, and encourage others to join. If you have something that warrants the rest of our readers’ attention, feel free to reply to one of our daily email reports! (You have to be subscribed first!). We hope you consider joining us, and have a great weekend!


Extended Watchlist:
BIOC, USLV, CPST, TEUM, ALIM, FSM, DEST

Blue Horseshoe Stocks: Bearish Options Ideas

AutoDesk Inc. ADSK 

With things looking choppy for the markets this morning, we are going to turn to a bearish idea for ADSK despite the company’s beat on Q2 earnings yesterday after market hours. The stock began to crumble under the weight of ADSK’s weak Q3 guidance. The poor outlook given, combined with the flow of market tides, could be just the thing for bearish options contracts, namely the ADSK Weekly $135-132 Puts.

There are those of the belief that ADSK stock was already valued too high leading into yesterday’s report, which is why we feel confident choosing to go short at the present time.
___

Bonus Bear:
TIF Weekly $82-79 Puts 


The Buckle, Inc. BKE – Update

We would also like to update readers on another recent idea we floated. On Friday morning, we selected the BKE 09/20 $17.50-20 Calls for a longer-term options idea, and already it has borne fruit just a few sessions later.

The $17.50 Calls have run from a low of .95 and reached 2.31, marking a gain of 143%  Meanwhile the $20’s have soared by an even higher margin, trading in a range from .20 up to .72, which works out to a 260% run.


Extended Watchlist:
LCI, VTGN, OBLN, TGE, NAKD, USLV, WTER, COTY,

Blue Horseshoe Stocks: SPY Explodes

SPDR S&P500 (ETF) SPY – Options Update

We have got a very brief update for today’s newsletter concerning our fresh options trading idea from yesterday morning in the SPY Chain. We cautioned readers that after Friday’s market sell-off, we looked to be in line for a  ‘dead-cat bounce’ for stocks, and that is exactly what occurred.

Our idea was to track the SPY Weekly $287-288.50 Calls as the markets reversed, and not only did we get the rebound we were after, but the gains persisted throughout the entirety of the session.

That made for some truly spectacular profit possibilities, especially the $288 Calls, which produced an epic intraday upswing: 

SPY Weekly $287-288.50 Calls
$287 Calls – Range: .17-1.35 – Max Gain: 694%
$287.50 Calls – Range: .05-.91 – Max Gain: 1720%
$288 Calls – Range: .01-.43 – Max Gain: 4200%
$288.50 Calls – Range: .01-.07 – Max Gain: 600%
____

Updated Idea: 
We would like to update this SPY idea to stay close to the action, and will be tracking the
SPY 08/28 $288.50-290.50 Calls through today and into tomorrow.


Extended Watchlist:
USLV, PZZA, TNXP, JNJ, PIR, OSTK