Salary raise for door delivery workers are inevitable, in my opinion! DASH is Overbought right now!
If you haven`t seen DASH`s chart pattern here:
Then analyzing the options chain and the chart patterns of DASH DoorDash prior to the earnings report this week, I would consider purchasing the 85usd strike price Puts with an expiration date of 2023-9-15, for a premium of approximately $3.75. 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.
Trade closed: target reached
⋅
DASH traded at $78.57 after earnings, and the Puts went up from $3.75 (when I wrote this article) to $4.60 intraday.
Good Analysis. Well based on the chart, the stock is in uptrend, above 5, 20, 50 SMA which is a bullish sign(weekly and daily) , the last candle is green formed after period of 8 days consolidation, green candle was formed in upwards direction with significant volume, to me that is a bullish signal. Option Chain for Aug 4 does suggest 85 to be strong support while 105 is strong resistance. overall I think it is bullish , unless earning are bad it might fall to 85. What is your reason for it to go to 85?