STT State Street Corporation Options Ahead of EarningsIf you haven`t sold STT before the previous earnings:
Then analyzing the options chain and the chart patterns of STT State Street Corporation prior to the earnings report this week,
I would consider purchasing the 72.50usd strike price Puts with
an expiration date of 2024-4-19,
for a premium of approximately $0.90.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Statestreetcorporation
Financial Titans Stocks: Macro Fib SchematicsThese are the largest financial institutions in the world. BlackRock, BlackStone, State Street Corporation, American Express Company. CME Group, NY Bank of Mellon Corporation, and Vangaurd. This is not a Bank Sector Idea. This is a Financial Conglomerate type of idea rather than individual banks. Because these companies realistically OWN the banks.
BlackRock, State Street, and Vanguard are the main three who own most of the stocks and therefore many percentages of tons companies.
-The "Dot Com" means they were formed from the Dot Com Bubble.
-The Collapse of the Bretton Woods System was in 1973. This is where we switched from a gold standard to the dollar standard.
-Black Monday of 1987 was a global market crash which was blamed on Computer Algorithms... HINT HINT: What you are looking at. "algorithms don't describe it well enough.
STT State Street Corporation Options Ahead of EarningsAnalyzing the options chain of STT State Street Corporation prior to the earnings report this week,
I would consider purchasing the 75usd strike price Puts with
an expiration date of 7/21/2023,
for a premium of approximately $1.75.
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.
STT LONGAs we can see in this graph, STT stock seems to be following a bearish pattern (orange lines). It just hit the and bounced on the bottom line, so we can take advantage of the movement with a long position. Starting from the bottom, in green we highlighted 3 signals:
-STOCHASTIC: even if it still is in the oversold area, we can see that the signal line has just been crossed upward;
-RSI just crossed the signal line and left the oversold area, giving us a pretty strong long signal;
-KELTNER CHANNEL: as we can see, the price rose above KC's bottom line giving us another buy signal.
Even MACD encourages us to go long because it is gaining bullish strength and it is close to crossing the signal line.
Fundamentals;
Earning were released just two weeks ago with better results than expected.
LONG
OPEN: 70.81
SL: 68.59
TP: 76.36
We could also aim higher than TP, until top orange line.