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Atmcalls

ATMUSDT to Spike up soonGoing by the chart, ATM is moving in ABCDE pattern and what looks like it has already touched point E. From here on ATM should Spike up soon. Currently it is trading at $19.1 which is best position to go LONG. Potential targets are $21.485 with around 13% profit and $22.626 with 19.5% profits. Keep your stop loss at the swing low at $18.557 If you like my analysis then do drop a LIKE and a COMMENT. Also do SHARE it with your friends. Also don't forget to smash that FOLLOW button to get daily analysis of multiple crypto currencies and sometime ASX stocks. Note - These are my personal notes and in no way a financial advice. Do your own research and Trade wisely
Long
by Manjyot
SNAP: Play the earnings upside with optionsSNAP held it ground yesterday, ending the day up in good volume in a terrible market. This confirms that the stock is heavily shorted (c. 30%) and has a limited propensity to fall further from here. It also augurs well ahead of earnings, but is no guarantee of performance as the stock has proven to be extremely volatile, especially around company releases. In this tricky, consolidating market, buying any stock outright is dangerous. So how to mitigate risk and play the potential upside nonetheless? For traders who own this name already --> Sell the shares and buy ATM calls on the next expiry. This allows to remove the risk while keeping the exposure. For traders who do not own the shares --> buy ATM calls on the next expiry. 1. GOOD EARNINGS, STOCK FLIES --> Convert into shares or sell the calls at a profit 2. POOR EARNINGS, STOCK TANKS --> Lose the premium on the calls and sell an ATM put to make it up 3. STOCK DOES NOTHING --> This is the worst-case scenario, you lose the call premium and move on
NYSE:SNAPLong
by HAL9000