KODK Eastman Kodak Company Options Ahead of EarningsAnalyzing the options chain and the chart patterns of KODK Eastman Kodak Company prior to the earnings report this week,
I would consider purchasing the 5usd strike price Calls with
an expiration date of 2024-10-18,
for a premium of approximately $0.55.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
KODK
KODK Kodiak long trade from a retracement( Industrial Penny)KODK is the old chemical industrial company that focused on camera film and printing for
decades now a bit or diversified in what it does. Share price is a fraction of what it once
was. KODK had a news catalyst that it was trying to clean up financial issues with its pension
plan which had $ 6 Billion in assets. That may be a good thing but investors through otherwise
and price put in a 20% retracement over a few days. I expect this to rebound and earnings
are about ten days away. The P/E ratio is about 10. While this is a risky penny stock,
I see the potential in a recovery of the 20% of market cap in the pre-earnings period.
Accordingly, I will take a long trade of stock shares and a put option to hedge those
shares against a downturn.
A Further 25% Loss or a 20% Gain for KODK the Week Ahead?Following a severe bearish trend since mid-November that resulted in a 40% loss, Kodak share (KODK) is currently traded within a horizontal channel. Furthermore, KODK share is traded below the short and long term EMAs.
If KODK share breaks below the previous channel, as indicated by the Fibonacci circle and Fibonacci extensions, the red colored area between 2.48-2.22 could be a feasible target in the following days.
A break up above the channel, on the other hand, suggests that the three-bottoms pattern is still intact, and the 3.44-3.77 levels are the next targets.
KODK Share Loses All of Its October Gains After Earnings ReleaseKodak's share price recorded a very sharp bearish breakout after the earnings announcement, breaking bellow the short- and long-term moving averages at the same time in a very negative sign. This follows a series of gains for KODK share since mid-October. On the other hand, the KODK share price is receiving support from the levels of $4.29-4.41 (the shaded area in yellow).
Now, on the daily chart, if the KODK share price fails to stabilize above the previous price range 4.29-4.41, we may witness further deterioration towards the support level 4.07 or below.
On the other hand, restoring the KODK share price to the level of 4.74 and stabilizing above it, may allow a return towards the level of 5.13 or even the level of $5.79 in the coming weeks.
KODK popped 3 other times off the same exact AlgoKeyCode....KODK has one of the most unique price actions I have seen where it repeats this falling wedge and jumps back up to the top of its pattern which in most cases is about double. This happens almost every two months on the nose....so why not one more time. We have the falling wedge. There is a break out. There is also support found already after the break out. Now we need to see if there is a draw back to the base before launching or the stop midway and take off from there. I noticed when looking at the other breakouts, that the ones that looked like the trend line was falling down it would go to the bottom of the wedges low before bouncing out. However, the ones that looked like its trend line was moving up going out of the key code, they stopped midway and took off from there. Which is where we are right now with an ascending trend line.
by iCantw84it
07.26.2021
KODKGorgeous runner almost seeming to run in sympathy to some of the meme names. A lot of resistance in the 13-14 area, but this is another example of where I could see a Day 2 move being choppy under that area. Over there and obviously we have a clean breakout. This is one where I would prefer for it to be an afternoon play after consolidating for the day. I just think that will give it the best chance for a breakout that is meaningful.
$KODK ascending triangle bull?Notes on chart
interested to see how this plays out.
key points:
-RSI overbought on the weekly, expecting further consolidation for now
-potential entry at ~$9.50, potential growth to ~$20.00
-breakout could occur with more volume and sustained high RSI for short period of time
-MACD on weekly turned bullish, should continue for several weeks
this chart is just a tool to track this movement
KODK : The sleeping giant.Hello All. Here is my analysis that is not so far fetched.
Pros:
1. Partnership with microsoft.
2. Solid institutions bought in December 2020
3. Pharmaceutical Division pending
4. Low float count in available shares
5. Multiple failed breakouts but solid consolidation
6. Potential Loan coming from the Federal Government to kick start Pharmaceutical Division
CATALYST: Short interest is between 18% - 24%.
I am long with two short term targets. $17 & $20. Not to mention, calls are super bullish for this month all the way through April. Hang tight and be patient.
Federal agency finds no wrongdoing in Kodak loanFederal agency finds no wrongdoing in Kodak loan
The inspector general for the U.S. International Development Finance Corp (DFC), which was administering the loan, told Democratic lawmakers he found no evidence that agency officials had any conflicts of interest in the plans, the report said.
It is unclear whether the agency will now move forward with the loan.
Shares of the once iconic photography company surged in September when an earlier review by law firm Akin Gump, also cleared company executives of wrongdoing.
finance.yahoo.com