Target is $44, will buy puts Wed if it does not hit that target on Tuesday. I think we get a Fri/Tue pump.
Market is sorta pumptarded and earnings are always a crap shoot. Guidance sucked so they might beat and go up even if earnings suck, lol.
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Short squeeze rally happening again on small caps, crap like NKLA up big.
Maintaining my $44 target for Tuesday, chart pattern is now identical to last quarter
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Picked up a few $40 puts this morning, gonna add tomorrow.
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Earnings is Thu after close, at current price you'd break even if it dropped back to $37.5, keep this play small since there might not be any reward
Guidance sucked last quarter, so there's a chance for a bigger drop.
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LOL, PoS starts dropping before I can load the boat. Not adding any more, will just ride out what I bought this morning.
Good luck
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If you're gonna play earnings, now is probably the time...
Keeping it relatively small, not 100% sure on this one, but I still think down.
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I'd bail if earnings wasn't tomorrow. Probably can get puts cheaper tomorrow on open, AMC/GME/BB is squeezing the crap out of hedge funds causing them to close other positions.
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Appears they wiped out all the shorts out of this stock, no longer moving with meme stocks and volume is very low.
That also means no rebound if earnings suck.
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Garbage stock, revenue was slightly higher than expected but non-GAAP loss was wider than expected. Guidance sucks for next quarter.
Based on where it's at AH, you can take a small profit (based on 2 week premium) on open or hold. I think I'm holding the puts to see if funds dump this garbage.
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AH support is right on my yellow line, lol.
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Closed at $37.5 support for a small profit. Really want to make more than 50% profit on earnings, but you take what you can. Don;t care to watch this turd all day.
Keep in mind if AMC goes up Monday we've got another stupid short squeeze.
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It's still a win though, so 6 out of last 7, lol.
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Lost support at $37.5, this could head lower Monday. Looks to me like the funds put it on the no buy list.
Not gonna chase it due to the spread, but congrats if you stayed in. One of the biggest losers on the board today on a pump day at that.