POOL potential Buy setup (Weekly outlook)Reasons for bullish bias:
- Price respecting rising trendline
- Price bounced from horizontal support
- Strong weekly bullish candle closing
- No divergence
Here are the recommended trading levels:
Entry Level(CMP): 336.90
Stop Loss Level: 283.44
Take Profit Level 1: 390.36
Take Profit Level 2: 469.75
Take Profit Level 3: Open
Poolcorporation
POOL Corporation Options Ahead of EarningsAnalyzing the options chain of POOL Corporation prior to the earnings report this week,
I would consider purchasing the 350usd strike price Puts with
an expiration date of 2023-8-18,
for a premium of approximately $12.30.
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.