Positions:
Exp 20 March – Strike 9
Exp 17 April – Strike 11
Exp 17 April – Strike 7 (this is the gold one)
I believe the market significantly overreacted. Revenue is growing, the company has a solid outlook, and while sector concerns remain, a 35% drop after the earnings report is not justified.
This created a great opportunity. I did take one contract before earnings with bad timing, but managed to secure an excellent entry on the 7 strike, which I see as the key position.
Overall, I expect a mean reversion and recovery move over the coming weeks.
Exp 20 March – Strike 9
Exp 17 April – Strike 11
Exp 17 April – Strike 7 (this is the gold one)
I believe the market significantly overreacted. Revenue is growing, the company has a solid outlook, and while sector concerns remain, a 35% drop after the earnings report is not justified.
This created a great opportunity. I did take one contract before earnings with bad timing, but managed to secure an excellent entry on the 7 strike, which I see as the key position.
Overall, I expect a mean reversion and recovery move over the coming weeks.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.