Very Simple trade. Huge oi in July and August options. Previous share buyback guidance now slated for 30% of float if confirmed. Dividend paid and HPQ has cash to pay.
Ignoring fundamentals as we're traders, HPQ is about to b/o from channel it's traded in since March. $18.15 is the highs from that level & HPQ broke out of recent rally run today.
Go long HPQ July & August calls for a PT of above $20.
E: 100day is $18 not $19. Old chart forgot to update.
Ignoring fundamentals as we're traders, HPQ is about to b/o from channel it's traded in since March. $18.15 is the highs from that level & HPQ broke out of recent rally run today.
Go long HPQ July & August calls for a PT of above $20.
E: 100day is $18 not $19. Old chart forgot to update.
Comment:
Added to this today