very nice large time frame setup, fundamentals are strong
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still appealing to add
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shopping for calls dated out to July
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volume has returned, and the price has established its long term double bottom strucutre. this means that the bulls have better risk:reward for upside returns
@AwesomeAvani Heres is my PUT choice for this week! LMK what you think I think its $3.20 easy after earnings 8/2
AwesomeAvani
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@jaredradosevichffl, I see the pivot high time will tell I did a compare symbol and plotted the lumber futures for Sept 23 onto the LL chart. Lumber futures are holding steady so I would also check homebuilder stocks if homebuilders are steady then I cannot see LL nosediving but agree that earnings in 2 weeks will bring clarity. Overall when the market is a bit sideways I like to keep money directionally unbiased and so the dollar value of puts approximately the same or just a little bit less than the combined dollar value of calls just to stay neutral in the market and perhaps buffered against swings.
jaredradosevichffl
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@AwesomeAvani, Understood Im not to familiar with iron corridors but I understand them somewhat. I do know this industry well and this company and I am going to buy PUTS thru August something