Earnings play APHA
I was already invested in APHA so I wont be buying any more now. But it has clearly breaking through a trend line with insane volume. It could run for a few more days. This is especially true because there is not clusters of resistance in its path now. Except its previous high from a couple months back.
I think some big money is stepping in for an earnings play. I am going to follow along and try to make some profits.
Earnings is on Oct 15th,
I am looking at APHA to go up a little bit more between now and the 13th, at some point during that time I will sell my call options (hopefully profiting from the upwards price movement) (STEP 1)
If between now and the 13-14th, there is a lot of good upwards price movement, I will buy puts that expire between Nov-Jan. Expecting a big sell off after the earnings report. (Step 2)
After that cell off, I will look at re-entering a long position on the equity or the options.
I think some big money is stepping in for an earnings play. I am going to follow along and try to make some profits.
Earnings is on Oct 15th,
I am looking at APHA to go up a little bit more between now and the 13th, at some point during that time I will sell my call options (hopefully profiting from the upwards price movement) (STEP 1)
If between now and the 13-14th, there is a lot of good upwards price movement, I will buy puts that expire between Nov-Jan. Expecting a big sell off after the earnings report. (Step 2)
After that cell off, I will look at re-entering a long position on the equity or the options.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.