CAVA Group Options Ahead of Earnings
Updated
CAVA is a restaurant chain that is not profitable, yet valued at $5.5 Billion market cap.
Despite the recent analysist upgrades, I think it`s extremely overvalued and will soon reach the IPO price.
Analyzing the options chain and the chart patterns of CAVA Group prior to the earnings report this week,
I would consider purchasing the 45usd strike price Puts with
an expiration date of 2023-8-18,
for a premium of approximately $1.50.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
Despite the recent analysist upgrades, I think it`s extremely overvalued and will soon reach the IPO price.
Analyzing the options chain and the chart patterns of CAVA Group prior to the earnings report this week,
I would consider purchasing the 45usd strike price Puts with
an expiration date of 2023-8-18,
for a premium of approximately $1.50.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
Trade closed: target reached
CAVA reached $44.57 after the earnings release, but haven`t monitored the options for an exit.
BUYSELL indicators tradingindicators.store/
TRADING COURSE bit.ly/tradex
Private Signals patreon.com/PremiumOptionsSignals
RESULTS bit.ly/topgx
1%/DAY: bit.ly/3F56VTW
BYBIT partner.bybit.com/b/37880
TRADING COURSE bit.ly/tradex
Private Signals patreon.com/PremiumOptionsSignals
RESULTS bit.ly/topgx
1%/DAY: bit.ly/3F56VTW
BYBIT partner.bybit.com/b/37880
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