Abbott Labs Shakes Off Downtrend, Sets Sights on $142 milestoneIn December 2021, the stock price hit an all-time high near the 142 mark, after which it experienced a significant drop.
Following this decline, the price found support around the 90 level and began to recover.
Last week, the stock managed to break through the upper boundary of the descending parallel channel, setting the stage for additional upward momentum.
An immediate resistance level is noted at the 122 level, and a substantial movement is expected if this level is surpassed.
Abbottlaboratories
ABT Abbott Laboratories Options Ahead of EarningsIf you haven`t bough the dip on ABT:
Now analyzing the options chain and the chart patterns of ABT Abbott Laboratories prior to the earnings report this week,
I would consider purchasing the 105usd strike price Calls with
an expiration date of 2024-8-16,
for a premium of approximately $2.19.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
ABT Abbott Laboratories Options Ahead of EarningsIf you haven`t sold the regional top on ABT:
Nor reentered this fantastic dip:
Then analyzing the options chain and the chart patterns of ABT Abbott Laboratories prior to the earnings report this week,
I would consider purchasing the 115usd strike price at the money Calls with
an expiration date of 2024-2-16,
for a premium of approximately $2.26.
The chart is overextended and the RSI overbought, but I think there is one more leg to go before a correction.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
ABT Abbott Laboratories Options Ahead of EarningsIf you haven`t bought ABT here:
Then analyzing the options chain of ABT Abbott Laboratories prior to the earnings report this week,
I would consider purchasing the 108usd strike price in the money Puts with
an expiration date of 7/21/2023,
for a premium of approximately $2.55.
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.
ABT Abbott Laboratories Options Ahead of EarningsAnalyzing the options chain of ABT Abbott Laboratories prior to the earnings report this week, I would consider purchasing
Calls with a 105usd strike price and an expiration date of 2023-5-19, for a premium of approximately $2.48.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
I am interested to hear your thoughts on this strategy.