I opened a LEAP call option with strike price of 40 if I am not mistaken. Willing to accumulate more should it continue to come down to $20 on the share price.
This was one of Warrens only Canadian holdings through out last year. It is trading at a massive discount.
It is a great hedge against a bearish market on the long side.
The case against it would be the following:
An inverse cup and handle on the daily from March 16th, 2020 suggest a potential fall from a chart pattern perspective.
Although Target analysts are bullish on the stock, some believe it is trading at above fair value.
For me, with my style of trading with yearly leaps, I accumulate and all I need is a pop. maybe one that lasts one day, or the ones that carry on for a couple of weeks, and I am out of the trade on a profit.
This was one of Warrens only Canadian holdings through out last year. It is trading at a massive discount.
It is a great hedge against a bearish market on the long side.
The case against it would be the following:
An inverse cup and handle on the daily from March 16th, 2020 suggest a potential fall from a chart pattern perspective.
Although Target analysts are bullish on the stock, some believe it is trading at above fair value.
For me, with my style of trading with yearly leaps, I accumulate and all I need is a pop. maybe one that lasts one day, or the ones that carry on for a couple of weeks, and I am out of the trade on a profit.