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Blue Horseshoe Stocks: KATE Recap & More

 


Kate Spade & Co. KATE – Recap

We closed out yesterday morning's premarket report with a fresh options idea on KATE just following the company's earnings report. While revenues were down, a healthy beat on profits led us to cast our lot in with the bulls.

We targeted KATE Weekly $20 and $21 Calls and were not disappointed with the outcome, with both sets of contracts providing ample opportunities for intraday gains.

The $20 Calls stopped just short of recording a double-bag move, running from 1.41 to 2.70, for a 91% rip. The $21s did manage that feat and then some, with a 131% pop from .65 to 1.50.
 


Fresh Options Ideas

VanEck Vectors Coal ETF (KOL) –  We want to put an extended watch on the coal industry just hours after breaking news of the signing of "Resolution 38", which nullifies a recently enacted law barring coal miners from dumping project waste material in streams.

It's a cost-cutting move that could benefit domestic coal producers in the long run, and could create some chances for us in the process. We want to add the KOL 03/17 $13 Calls, and  04/21 $14 Calls to our watchlist in the weeks and months ahead.

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Unilever PLC (UL) – Shares of UL spiked this morning on the heels of Unilever rejecting a $140B+ takeover bid. We're looking to potentially take advantage of the resulting hype with an idea for possible daytrades.

We're going to be keeping an eye on the UL Weekly $42.50-47.50 Calls for the chance at some quick-strike gain opportunities.
 


Extended Watchlist:
FNHI, KNSC, IDGC, VNUE, ARSN, BSTG

 

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