New Oriental Education & Technology Group, Inc. SponsoredNYSE
Description
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Looking like a nice set up for a breakout if you are willing to play earnings, I would like to say my target is 180-185 to evaluate the volume and possible new ATH test. I purchased 2x 2/19/21 $180 Calls @6.30.
Good luck and remember that the market will be a little unpredictable with the change of presidents and extended new highs! Be careful and good luck!
Trade closed: stop reached
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The news came out that Bejing will suspend online education. Big hit and not willing to take that risk.
Comment
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Well, that didn't work out for me but for anyone that held thru the bad news sell-off at opening then congrats Calls are now 10.35 with a high of 10.50. We win some and lose some!