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Gaotutechedu

GOTU Gaotu Techedu Options Ahead of EarningsIf you haven`t bought GOTU before the previous earnings: Then analyzing the options chain and the chart patterns of GOTU Gaotu Techedu prior to the earnings report this week, I would consider purchasing the 9usd strike price Calls with an expiration date of 2024-7-19, for a premium of approximately $1.12. The chart looks bearish, but my bet is on a China recovery this year! If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
NYSE:GOTULong
by TopgOptions
GOTU A simple question for bullish tradersGOTU had negative earnings last year, -1.39 Billion dollars to be precise. So it`s a money eating machine that burns a lot of cash just to operate. How do you see Gaotu Techedu raising money this year? Would you buy a public offering from a nonprofit company? Now look at the 15% recovery today and think about this perspective: a temporary recovery in share prices after a substantial fall, caused by speculators buying in order to cover their positions is called a Dead Cat Bounce! :) China's crackdown on for-profit education companies was a disaster for traders not using a stop loss. In the 52 Week Range Gaotu Techedu Inc. went from 149 to 2.4usd After-school tutoring institutions must transform themselves into "nonprofit organizations". Jim Cramer (Mad Money) on China's tech crackdown: You can't own Chinese stocks! ARK Invest dumps Chinese stocks. It seems dangerous to hold Chinese stocks right now. US-listed Chinese companies have three years to comply with US accounting oversight, to comply with the rules of accounting and transparency that American public companies must follow, if not they will get delisted. This looks like the beginning of China`s stock market crash. I`m looking forward to read your opinion about this!
NYSE:GOTUShort
by TopgOptions
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