I've seen this with other stocks, even big ones like AMZN where it goes into earnings at the same price as the earnings result from the previous quarter. So it looks like it's headed to $37.5 and stuck in that area for the next couple of weeks.
Keep in mind guidance wasn't good and they lose money every quarter. Will short earnings the day before if it's at or above $37.5. Will buy $40 puts if it goes above any time in the next 2 weeks.
Keep in mind guidance wasn't good and they lose money every quarter. Will short earnings the day before if it's at or above $37.5. Will buy $40 puts if it goes above any time in the next 2 weeks.
Comment:
Looked kinda bearish, there's a chance it does a pre-emptive tank pre-earnings like last quarter and heads to $32.5 gap fill.