ThetaGator

SHW Multi-Time-Frame Squeeze

Long
BATS:SHW   Sherwin-Williams Company (The)
SHW has a history of making outsized moves on the back of Daily Squeeze action. In the recent past, it has moved in "harmonic" 50+ point surges. If the next daily squeeze fires long, I look for it to run up to it's prior high at $354. If it behaves like it did last quarter, this could happen on the run up into earnings. Thankfully, we're 1 month out, which gives us the added benefit of rising IV in the options. I'll buy calls or call butterflies and look to exit prior to the earnings event (to avoid IV crush and the event risk)!
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.