wounsel

MAXIMUS INC. - $MMS - Dip or Falling Knife?

Long
NYSE:MMS   Maximus, Inc
$MMS ER miss of $0.02 w/ Revenue miss of -1.5% has dipped pretty nicely. I've purchased 3x 6/15 - $65.00 calls hoping for a rebound.
$MMS is currently below the 255 day Linear Regression Line by more than 1x standard deviation (probably more like >2x stddev).
Price target to sell of $62.70 or so for me. I don't want to ride it down at all on these soon-ish calls.

We'll see if I just caught a falling knife or BTFD'd!
Trade active: Looks as if today we are starting to see $MMS starting to make the climb back to where it belongs... still holding hoping for at least a climb to $62.70 or better.
Trade active: It's been hard to hold my calls as they've decreased in value 50% as of now. I'll continue holding -- hoping for price target of $62.70 + at that point I'll look to sell my calls.
I probably made a mistake buying these calls at the price I did, so I'll make sure I am careful with the bid-ask spread in the future.
Comment: Looking for a double-bounce scenario here - hoping $MMS bounces off of ~$61.00 to increase a bit before 6/15 calls are due.
Comment: Looks as if we've either witnessed a bounce or it is coiling. I made some mistakes buying the 3x 6/15 exp $65 calls at the price I did thanks, RobinHood... :-( .
BUT, I might average down on this one, if I can find any catalysts / sentiment information.
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.