Will ABNB lose its high valuation after earnings on 15 Feb?Within the hotel and leisure industry, ABNB is very highly valued compared to the average. This stock is among the IPO group of the last two years, and many other companies have seen a sharp reduction in their stock price (lofty valuation) in recent weeks.
Technically, RSI went below 33.33 and should stall under 65 if more downside is coming. Price is in the 165-175 band of resistance and it is against the cloud.
Instead of trading around earnings with weekly puts, I will select a March expiry for stock to move lower with markets if there is broad selling. Buying 150 strike puts.
