SEDG (Solaredge) was sold off rapidly in the past 3 days, which was unsurprising, given the massive run-up after earnings. It is now near a support level: approximately the price it was hovering around pre-earnings, presenting a good opportunity to go long.
This play is risky. The stock is still a "falling knife".
Short term target: $54 - $58 monthly calls
This play is risky. The stock is still a "falling knife".
Short term target: $54 - $58 monthly calls
Comment:
Well if you bought calls this morning in that range, you're already ITM with some pretty decent gains
Trade closed: target reached:
Short term target ($60) reached