Blue Horseshoe Stocks: Options Roundup

Options Round-Up

We had good fortune with yesterday’s options calls (see WGO below), and with a trio of big name earnings reports out either yesterday post-market or this morning, we figured we’d triple-down on some more fresh options ideas!

The Kroger Co. KR Weekly $28-29.50 Calls

Darden Restaurants Inc. DRI 07/20 $100-115 Calls

Micron Technology, Inc. MU Weekly $61-62.50 Calls

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Winnebago Industries, Inc. WGO – Options Recap

We took notice of Winnebago’s impressive earnings beat yesterday morning and promptly formulated a range of options ideas to try to take advantage of the situation.

We’ll selected the WGO Weekly $43-46 Calls to put on watch, and each of the four contracts in that range turned out to be a solid intraday mover. The following are the total possible gains which could have been banked off of these ideas on the day:

$53 Calls – Range: 2.29-4.30 – Max Gain: 88%
$54 Calls – Range: 2.00-3.60 – Max Gain: 80%
$55 Calls – Range: 1.50-3.00 – Max Gain: 100%
$60 Calls – Range: 1.18-2.40 – Max Gain: 103%


Extended Watchlist:
CRMD, RIOT, ARQL, TEO, WEB, YTEN, SAGD

Blue Horseshoe Stocks: XXII Update & More

22nd Century Group, Inc. XXII

It was back on November 7th that we highlighted a large group of cannabis stocks, and professed our unyielding interest in the space as a whole. XXII was among those that we specifically highlighted as promising pot stocks in that report, and despite it being more than 8 weeks later, the stock has continually bulled its ways to new highs ever since.

We wanted to swing back around this morning to outline the excellent run it has been on since November. Subsequent to our report on the 7th the stock saw an absolute bottom of 2.00 even before beginning its months-long ascent. Yesterday the stock reached yet another new high of 3.85, marking an overall upswing of 93%


Yield10 Bioscience, Inc. YTEN

Following a huge single session run in early December, YTEN was unable to hold onto any of the ground it had gained, and with the ‘help’ of a massive public offering, continued to descend until recently.

This week, the stock has begun to show signs of a bottom bounce, and we’re going to want to add it to the radar on a recovery watch. As you can see form the chart snapshot included below, there is a lot of room for a potential surge, including a gap to fill to the upside.


Extended Watchlist:
NVAX, RKDA, SDRL, CRBP, SQ, CHFS, NBEV, SIEN, CNET

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