SPB trade ideas
SPB Spectrum Brands Holdings Options Ahead of EarningsLooking at the SPB Spectrum Brands Holdings options chain ahead of earnings , I would buy the $70 strike price Calls with
2023-7-21 expiration date for about
$6.60 premium.
If the options turn out to be profitable Before the earnings release, I would sell at least 50%.
Looking forward to read your opinion about it.
SPB (Spectrum Brands Holdings Inc.) - Bullish on quarterly moveSpectrum Brands Holdings
Spectrum Brands Holdings Inc. operates as a consumer products company. It supplies consumer batteries, residential lock sets, building hardware, plumbing, personal care products, household appliances, pet supplies, lawn and garden, home pest control equipment and auto care products through its subsidiaries. Spectrum Brands Holdings Inc., formerly known as HRG Group, is based in WI, United States.
Analysis/Commentary
Strong EPS and Sales Growth Y-on-Y
Based on the study of the previous quarterly earnings reports and subsequent price moves:
- Current quarter has shown price using the LOW point as resistance
- Buy initiated, though small further downside possible
- Expectation for the price to move to MID or HIGH point
- Trailing stop-loss on price above MID point
GOOD LUCK.
DO YOUR OWN RESEARCH!
BUY to SPECTRUM BRANDS HOLDINGSHey people, SPECTRUM BRANDS HOLDINGS is in a fake bearish configuration with a strong sell volume at the start of the session then a weaker one at the end and a kind of water gate. The TIMEFRAME M1 on observed a tombstone with a low paid purchase volume heading to its latest low to make a turnaround. Great possibility of breaking out the price by breaking the VWAP to recover the pre-session losses. And if the buyers are back to breakout once again the stabilization zone on this one high on the (MULTI TIMEFRAME H4 and D1) to test the symbolic price of 69.00.
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