Tag: WMT

Blue Horseshoe Stocks: Bucking the Trend

HUYA Inc. HUYA – Bucking the Trend

Despite the markets as a whole precipitating the worst single-session drop-off of 2019 thus far, yesterday morning we included an options idea for HUYA on the heels of its earnings, and the stock was able to buck the overall market trend.

We had the HUYA Weekly $21-22 Calls on watch for the day, and all three contract sets afforded traders the chance at multi-bag gains on the day, flying in the face of the bloodbath that was occurring elsewhere.

The total potential profits on the table for those HUYA options were as follows:

$21 Calls – Range: .58-1.30 – Max Gain: 124%
$21.50 Calls – Range: .40-.95  – Max Gain: 138%
$22 Calls – Range: .20-.70 – Max Gain: 250%

**We published the right ranges, but the wrong set of gains in error this morning. Our apologies. The table has now been updated to reflect the correct percentage gains.

More Fresh Options Ideas:

Stock futures are headed back up this morning, at least in the premarket, on the heels of Walmart’s earnings report. We’re going to formulate a corresponding idea for that chain, as well as the SPY, and Alibaba which also reported its earnings today.

SPY Weekly $284.50-286 Calls
WMT Weekly $111-114 Calls
BABA Weekly $165-170 Calls 

Red Rocks Resort, Inc. RRR

To finish things up this morning, we’re going to place RRR on watch for a potential recovery n the days and weeks ahead. We noticed a series of Form-4 buys coming in at the bottom following the company’s earnings beat last week, to the tune of more than $20M.

You can also see that the MACD, one of our go-to indicators, is ripening for a bullish cross at any time. The volatility potential is here as well. We’ll want to radar RRR for a rebound going forward.

Extended Watchist: 
SINT, RVLV, PAYC, NE, MTC, TSG

Blue Horseshoe Stocks: Big Winners from Friday

Big Winners from Last Week
–
Due to the sheer number of winning plays to report on from Friday’s newsletter, we will give only a brief summary including the name of the company, the ideas we submitted, and the total possible gains they had provided by the end of the week.

Nearly everything we’ve had our hands in recently has made some type of the move to the upside, continuing a very promising trend that we have established in the first months of 2019.

AstraZeneca plc AZN –We cited some contracts here earlier in the week (Weekly $39-39.50 Calls), as well as updated that idea on Friday with a couple of new targets at higher strike prices (Weekly $40-40.50 Calls). All contracts involved saw significant moves/new highs.

$39 Calls – Range: .55-1.39 – Max Gain: 153%
$39.50 Calls – Range: .19-1.35 – Max Gain: 611%
$40 Calls – Range: .23-.95 – Max Gain: 313%
$40.50 Calls – Range: .12-.38 – Max Gain: 217%
_____

Electronic Arts, Inc. EA – We had the EA Weekly $107-109 Calls in Friday’s report as a fresh idea, and all three of those plays could have worked out nicely for traders. We saw double bag gain opportunities across the board in this case.$107 Calls – Range: .78-1.60 – Max Gain: 102%

$108 Calls – Range: .50-1.13 – Max Gain: 126%
$109 Calls – Range: .33-.66 – Max Gain: 100%
____
Canopy Growth Corp. CGC – We’ve been watching Canopy since well before the stock uplisted to the NYSE from the OTC, and while what was supposed to be a Canadian cannabis boom has been much more subdued than anticipated, we still like to keep tabs on this one and use its activity to our advantage wherever possible. On Friday we targeted the CGC Weekly $46.50-48 Calls and were met with multi-bag intraday gains there as well.
$39.50 Calls – Range: .83-2.01 – Max Gain: 142%
$40 Calls – Range: .62-1.60 – Max Gain: 158%
$40.50 Calls – Range: .43-1.20 – Max Gain: 179%
$40 Calls – Range: .31-.90 – Max Gain: 190%
_____
SPDR S&P500 ETF (SPY) – Last but not least, we had an idea for the SPY options chain, as we very often do, and all of those contracts provided us with big profit chances as they very often do! All five targets in the range of our SPY Weekly $274.50-276 Calls made big moves.
$274.50 Calls – Range: .85-2.92 – Max Gain: 244%
$275 Calls – Range: 1.26-2.62 – Max Gain: 108%
$275.50 Calls – Range: .86-2.61 – Max Gain: 203%
$276 Calls – Range: .50-1.60 – Max Gain: 220%
$276.50 Calls – Range: .22-1.10 – Max Gain: 400%
Walmart, Inc. WMT – Fresh Options Idea
Today we want to keep things rolling with a new idea to kick the week off on, and that is going to be WMT Weekly $101-104 Calls. The stock broke a double-top area of resistance on Friday, and this morning, an across-the-board earnings beat should help create some nice activity in our designated range.
____
Bonus Idea:
Advance Auto Parts, Inc. AAP Weekly $165-170 Calls
Extended Watchlist:
IDVV, DPW, EROS, VIAV, BLIN, CLSD, VKTX

Blue Horseshoe Stocks: WMT, CSCO & More

 Options Ideas

We’re sticking with options as we head into the end of what has been quite a difficult week for stocks in general. All things considered, we still feel it’s the most probable way of coming by short term gain opportunities, even amid less-than-ideal conditions.

Walmart, Inc. WMT – Walmart reported its Q3 earnings this morning, and looks like our top target for the day as a result. Heightened sales, both brick and mortar and via Walmart.com, was the name of the game, as the company jacked up guidance on profits for the 2019 full year.

These developments are definitely moving the needle this morning, so we’re going to want to track the WMT Weekly $101-104 Calls.
_____

Cisco Systems, Inc. CSCO – In its own Q1 report in the post-market yesterday, we have an untraded-upon earnings and revenue beat for CSCO, so we’re also going to formulate an idea here.

In conjunction with a solid multiple bottom formation on the chart, the present conditions may favor our chances for a quick strike trade on the CSCO Weekly $45-50-47.50 Calls.
_____

Bonus Idea:
AMRN Weekly $15.50-17 Calls

Extended Watchlist:
TROV, PRPO, NAKD, GTE, WUBA, NBEV, EARS, VIPS