Literally HOLD
The timing seems all wrong. If you're trading earnings, this is your moment. If you're trading technicals, you might have to wait for a pattern to form. One is starting but the timing seems all wrong -- we'd call for a short target of $466 on Friday the 14th. But bank earnings come out that day, and next week. And you know they're going to be great. Not only that but earnings are the lifeblood of a market rally during a rising rates environment. They tell people, hey, rates are up but look we can still make money.
And even if you're a big risk taker, options prices are kinda high relative to potential gains. So anything short of being absolutely right in a simple options long will not be very profitable.
I say wait for clearer waters. I say it loudly enough that I want to share it here.
And even if you're a big risk taker, options prices are kinda high relative to potential gains. So anything short of being absolutely right in a simple options long will not be very profitable.
I say wait for clearer waters. I say it loudly enough that I want to share it here.
I usually try not to tell you what to do -- too crowded there. I'll point out what price points/trends/patterns the pros are looking at and let you interpret what that means for your portfolio.
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