Tag: VZ

Blue Horseshoe Stocks: Friday’s Movers & More

Options Review

We absolutely crushed it on the options front over the past few weeks, and the fresh ideas we floated in our premarket report on Friday morning were no exception. We signaled our interest in tracking a broad range of contracts in both the Foot Locker and Verizon chains, and most of those ideas were successful in providing traders with a chance at sizable single session gains.

Foot Locker, Inc. FL Weekly $38-42 Calls
$38 Calls – Range: 1.17-2.98 – Max Gain: 155%
$39 Calls – Range: .45-1.94 – Max Gain: 331%
$40 Calls – Range: .20-1.00 – Max Gain: 400%

The $41 and $42 Calls ended up being too far out of the money to see any notable activity, but the contracts that did move, did so very nicely.
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VZ 01/19 $45-48 Calls
$45 Calls – Range: 1.08 -1.66 – Max Gain: 54%
$46 Calls – Range: .59-1.10 – Max Gain: 86%
$47 Calls – Range: .39-.67 – Max Gain: 72%
$48 Calls – Range: .23-.42 – Max Gain: 83%

In the case of Verizon, it appears the stock is getting a push from an analyst upgrade, news of special holiday deals the company is offering, and a great chart setup even before last week’s earnings beat. We seem to have come along at an opportune time, and could very well see further gains in these contracts. We’ll definitely continue to track these ideas.

Aurora Cannabis, Inc. ACBFF

Aurora was among the many cannabis stocks we highlighted a couple of weeks ago in our Cannabis Commentary report,. and between that week, and last week, the stock made a very nice run. It traded up from a low of 2.777 to a high of 5.45; a move of 96%

That was followed by a consolidation, and this week were going to want to watch out for ACBFF to find support and potentially make another run at its previous resistance point. The company also reported a possible takeover of another firm this morning, so we’re really going to keep paying close attention to Aurora this week.

Extended Watchlist:
DDD, GLBS, DCIX, MYSZ, MRVL, CAVM, CRMD

Blue Horseshoe Stocks: WMT Options Recap & More

Wal-Mart Stores, inc. WMT – Options Review

We signaled a wide range of options contracts in the Wal Mart chain yesterday, the WMT Weekly $92-96 Calls, and every single one of them produced the opportunity for huge single session gains. It was a post-earnings beat idea, and those have a tendency to work well in our favor.

WMT made a considerable move which allowed for multi-bag gains regardless of which strike price was selected. Those potential profits were as follows:

$92 Calls – Range: 2.55-7.40 – Max Gain: 190%
$92.50 Calls – Range: 2.13-7.15 – Max Gain: 236%
$93 Calls – Range: 1.42-6.58 – Max Gain: 363%
$94 Calls – Range:1.03-5.53 – Max Gain: 437%
$95 Calls – Range: .60-4.50 – Max Gain: 650%
$96 Calls – Range: .23-3.50 – Max Gain: 1421%

It appears as if WMT could keep this train rolling today, so we may look to roll up to the WMT Weekly $98-100 Calls* to stay close to the money.


Fresh Options Ideas:

We also want to put a few contracts from the Foot Locker and Verizon chains on watch today. Footlocker currently has a ripe bottom-play setup happening on the chart, while Verizon is another post-earnings beat idea.

FL Weekly $38-42 Calls*

VZ 01/19 $45-48 Calls

* Never trade options with a weekly expiration on a Friday unless you’re an expert trader with disposable funds. It’s just about as risky as it gets.

Extended Watchlist:
RLOG, DCIX, SINO, TOPS, NTES, HIBB

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