blindfreddy
Long

Binary earnings play on Noah Holdings

BATS:NOAH   NOAH HLDGS LTD
41 2 0
NOAH             looks set to challenge resistance again. With earnings scheduled for Feb 25 I figure either it blows past resistance this time or plummets once more. My money's on the bullish case. I'd put my stop around $21.50.
Medium term target $32 for this rapidly growing Chinese wealth management company.
Well it has certainly been volatile and earnings haven't even been announced yet ! At this stage I like a small flutter on the March $20 (long) straddles to try to collect movement in either direction. Expiry will be just a few days after the new scheduled announcement of earnings on the 16th March.
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I have been holding onto this one for dear life as it twisted and turned but it has broken nicely to the upside now and nearing my medium term target already.
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