One to Watch - PANW Earnings After Market Close on Wednesday
Palo Alto Networks Inc. AMC Conference Call: Sep 4, 4:30 PM
Do you like a good story? If so, this one has it all!
finance.yahoo.com/ne...rt-q4-104810429.html
If you believe everything in that article, this company should see 587% revenue growth by 2020.
They have been on an expensive high-intake diet of acquisitions and will suffer a two cents per share impact due to tariffs.
The chart I'm sharing has all kinds of pretty lines and a giant box of resistance (like the one I shared on AAPL) between 230 and 260 where buyers of about 60M shares are waiting for a chance to sell and recover their losses.
Here's the fun part. The last trade of the Sep 6 250 CALL (Weekly) option was 10 contracts at 0.21 - so if the price of PANW should spike up through resistance to $260+ -- that $210 investment might make for a nice payoff!
If PANW goes to an all-time high above $260, that contract will be worth at least $10.00, for a nice ~48/1 return ($210 turns into about $10 grand.) That's better than you'll get at the Roulette wheel. Any takers?
If you like to buy time, you can get the PANW Sep 20 2019 250 Call at around 0.40 - last trade was at 0.35 and Open Interest is about 1600 contracts, so you'll have company. With the added extrinsic value, this might make more sense, as if the price does get into blue sky territory, well, the sky is the limit! PANW at $270 makes your profit on 10 contracts ($400 cost) a neat 50/1 or $20 grand. Now how do you like this play?
On the flip-side, you can get the PANW Sep 20 2019 160 Put for about 0.40 and the share price would have to drop by about 22% for your position to break even there.
If it drops to $145 (not impossible), you are in for a sweet payoff of better than 37.5/1 - still better than that silly wheel!
I'm always neutral with my Idea publishing here, but looking through upcoming earnings, this one looks like it might be ripe for a major move.
Of course, now that I've said so, watch it stand still.... Strangle or straddle? It's your money.
Enjoy!
Do you like a good story? If so, this one has it all!
finance.yahoo.com/ne...rt-q4-104810429.html
If you believe everything in that article, this company should see 587% revenue growth by 2020.
They have been on an expensive high-intake diet of acquisitions and will suffer a two cents per share impact due to tariffs.
The chart I'm sharing has all kinds of pretty lines and a giant box of resistance (like the one I shared on AAPL) between 230 and 260 where buyers of about 60M shares are waiting for a chance to sell and recover their losses.
Here's the fun part. The last trade of the Sep 6 250 CALL (Weekly) option was 10 contracts at 0.21 - so if the price of PANW should spike up through resistance to $260+ -- that $210 investment might make for a nice payoff!
If PANW goes to an all-time high above $260, that contract will be worth at least $10.00, for a nice ~48/1 return ($210 turns into about $10 grand.) That's better than you'll get at the Roulette wheel. Any takers?
If you like to buy time, you can get the PANW Sep 20 2019 250 Call at around 0.40 - last trade was at 0.35 and Open Interest is about 1600 contracts, so you'll have company. With the added extrinsic value, this might make more sense, as if the price does get into blue sky territory, well, the sky is the limit! PANW at $270 makes your profit on 10 contracts ($400 cost) a neat 50/1 or $20 grand. Now how do you like this play?
On the flip-side, you can get the PANW Sep 20 2019 160 Put for about 0.40 and the share price would have to drop by about 22% for your position to break even there.
If it drops to $145 (not impossible), you are in for a sweet payoff of better than 37.5/1 - still better than that silly wheel!
I'm always neutral with my Idea publishing here, but looking through upcoming earnings, this one looks like it might be ripe for a major move.
Of course, now that I've said so, watch it stand still.... Strangle or straddle? It's your money.
Enjoy!