WORX Archives - Blue Horseshoe Stocks

Tuesday’s Runners, 2 New Ideas

Recap of Tuesday’s Moves:

We had a good session yesterday, particularly early on, with the possible targets set forth in our premarket report for the day. We’ve been flipping back and forth on the SPY over the past several sessions, and yesterday we went to the bullish side. It worked out decently early in the day, prior to more losses for he markets at large.

In addition to the SPY 04/08 $517-519 Calls, we also had the LEVI Weekly $15 Calls, the NVDA Weekly $100-102 Calls, and the DELL Weekly $77-78 Calls on watch. The modest yet notable upswings they recorded on Tuesday were as follows:

SPY 04/08 $517-519 Calls
$517: 2.53-4.36 (+72%)
$518: 2.13-3.74 (+76%)
$519: 1.78-3.22 (+81%)
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LEVI Weekly $15 Calls
$15: .15-.28 (+87%)
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NVDA Weekly $100-102 Calls
$100: 3.34-4.45 (+33%)
$101: 2.88-3.85 (+34%)
$102: 2.44-3.29 (+35%)
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DELL Weekly $77-78 Calls
$77: 2.73-4.55 (+36%)
$78: 3.05-4.00 (+31%)

Fresh Options Ideas:
SPY 04/09 $489-487 Puts*
DAL Weekly $35-36 Calls

*Trading options contracts on their day of expiration should only be attempted by experienced traders

Extended Watchlist:
WORX, TNMG, FMTO, VERO, PHIO

Yesterday’s Sweeping Success, 5 New Chances

Wednesday’s Winners:

We cast another wide net for options plays on Wednesday, with our premarket report containing five possible target ranges. Out of that group, we saw appreciable intraday upswings in every last one of the highlighted strikes. We’ve been cruising right along on another hot streak this week, which we hope we can carry all the way through to the weekend.

Yesterday’s five ideas were the SPY 11/20 $591-592 Calls, the TGT Weekly $130-128 Puts, the TJX Weekly $118-116 Puts, the WSM 12/20 $165-170 Calls and the WIX 12/20 $200-210 Calls. Here were the daily results they recorded:

SPY 11/20 $591-592 Calls
$591: .16-1.41 (+781%)
$592: .09-.96 (+697%)
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TGT Weekly $130-128 Puts
$130: 3.42-9.80 (+186%)
$129: 3.00-8.75 (+192%)
$128: 2.25-7.44 (+231%)
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TJX Weekly $118-116 Puts
$118: .83-2.00 (+141%)
$117: .20-1.40 (+600%)
$116: .25-1.06 (+324%)
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WSM 12/20 $165-170 Calls
$165: 10.48-17.50 (+67%)
$170: 6.88-15.00 (+118%)
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WIX 12/20 $200-210 Calls
$200: 9.00-18.00 (+100%)
$210: 5.00-12.40 (+148%)

Fresh Options Ideas:
SPY 11/21 $593-594 Calls*
NVDA Weekly $147-149 Calls
DE Weekly $410-412.50 Calls
PDD Weekly $106-104 Puts
BJ 12/20 $90 Calls

*Trading options contracts on their day of expiration should only be attempted by experienced traders

Extended Watchlist:
CDT, AKTS, PET, WORX, SPAI, CRKN, TRNR, MSTR

Friday’s Multi-Baggers, Trio of New Ideas

Reviewing Friday’s Winners:

Friday was a bloody red day for the markets in general, with a gap-down in the morning and a steady decline throughout the day. Luckily for us, most of the targets that we formulated in Friday’s premarket report were bearish in nature, and each of the ranges of puts that we selected exhibited some great intraday upswings.

The plays in question were the DASH Weekly $82-81 Puts, the ADBE Weekly $537.50-530 Puts, and the LEN Weekly $117-115 Puts and the potential gains they afforded traders were certainly nothing to sneeze at. Check out the breakdown of their daily moves:

DASH Weekly $82-81 Puts
$82: .66-2.73 (+314%)
$81: .72-1.60 (+122%)
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ADBE Weekly $537.50-530 Puts
$537.50: 4.65-12.81 (+175%)
$535: 3.10-10.77 (+247%)
$532.50: 1.54-8.56 (+456%)
$530: .64-6.45 (+939%)
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LEN Weekly $117-115 Puts
$117: 3.09-5.84 (+89%)
$116: 1.70-4.30 (+153%)
$115: 1.34-3.70 (+176%)

Fresh Options Ideas:
TSLA Weekly $277.50-272.50 Puts
NVDA Weekly $435-430 Puts
SPY 09/18 $444-443 Puts

Extended Watchlist:
AVGR, UPTD, SQL, TTOO, WORX, RDHL, UNRV, CLNV

Multiple Options Updates, Fresh Ideas

Options Trading Updates:

A lot of the potential options targets we’ve been signaling for observation lately have had a July 15th expiration date, which is a slight departure from our typical targeting of weekly contracts. It has made sense in the current choppy climate being cause by a seemingly constant ebb and flow of recession concerns.

So this morning in addition to providing the moves made by the lone idea in yesterday’s report, the KRTX 07/15 $125-130 Calls, we’ll provide updates on a number of other still-active plays we’ve been tracking that are getting along quite nicely. Those are the KBH 07/15 $27-28 Calls, the WGO 07/15 $45-50 Calls, and the NFLX 07/22 $185-190 Calls. We called those on June 23rd, June 22nd and July 1st, respectively. Here are the total gains that have been possible with those plays over that time frames:

KRTX 07/15 $125-130 Calls
$125: 15.00-19.00 (+27%)
$130: 11.67-17.24 (+48%)
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KBH 07/15 $27-28 Calls
$27: 1.75-3.65 (+109%)
$28: 1.25-2.10 (+68%)
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WGO 07/15 $45-50 Calls
$45: 3.00-7.00 (+233%)
$50: .95-3.40 (+258%)
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NFLX 07/22 $185-190 Calls
$185: 9.18-15.38 (+68%)
$187.50: 13.25-14.25 (+8%)
$190: 7.80-13.18 (+69%)

Fresh Options Ideas
SPY 07/06 $380-382 Calls
RFP 07/15 $17.50-20 Calls

Extended Watchlist:
CHNC, SRNW, RMRK, SEII, KRFG, CIVX, VXIT, MSVI, ENJY, HEXO, IINN, WORX,

Fresh Options Ideas & More

Options Ideas – Form-4 Plays:

We do typically like to stick with options plays that coincide with big name earnings reporters, but we always like to scan for Form-4’s (insider transactions) and formulate ideas in those instances where we like the chart setup.

We’ve got a couple of potential targets which fit that bill with huge amounts of shares being soaked up in ASAN last week, and a large $10M block being purchased in PFSI yesterday. These transactions give us at least a reasonable confidence that those involved believe that the future looks brighter than the present.

ASAN 01/21 $110-120 Calls
PFSI 12/17 $65 Calls

Options Ideas – Earnings Plays:

Of course we don’t want to leave out our bread and butter, so we’ve also taken a look at what the earnings calendar has to offer this morning.

Build-A-Bear and Ambarella are a couple in that category that our catching our eye today, so we’ll hash up some ideas for those as well:

BBW 12/17 $17.50 Calls
AMBA Weekly $197.50-207.50 Calls

Extended Watchlist:
OP, ARDX, VBIV, AUVI, SLHG, WORX, TGTX, FNMA, FMCC, INND, APHLF, ZNOG, CGAC, BTZI, IWAL, HVCW