SNDL Long Options Position (July 21st) - Bullish Trade
I have purchased SNDL long options contracts with an expiration date of July 21st. The strike price for both contracts is $1.00. I believe that SNDL is undervalued and that the stock price will increase after earnings are released on July 21st.
SNDL is a leading cannabis company with a strong brand and a loyal customer base. The company has been struggling in recent years due to the COVID-19 pandemic, but it is beginning to recover. In the first quarter of 2023, SNDL's revenue increased by 83% year-over-year. The company also generated positive earnings for the first time since 2019.
I believe that SNDL's earnings report on July 21st will be positive. I expect the company to report revenue of $100 million and earnings per share of $0.05. If these numbers are met or exceeded, I believe that the stock price will increase significantly.
I am bullish on SNDL and I believe that the stock price could reach $2.00 by the end of August. If the stock price does reach this level, I will sell my options contracts for a profit.
Risks
There are a few risks associated with this trade. First, SNDL's earnings report could disappoint. If the company reports revenue or earnings below expectations, the stock price could decline. Second, the overall market could decline, which could also impact the price of SNDL stock. Third, the options contracts could expire worthless if the stock price does not reach $1.00 by the expiration date.
Conclusion
I believe that the risks associated with this trade are outweighed by the potential rewards. I am bullish on SNDL and I believe that the stock price could reach $2.00 by the end of August. If this happens, I will sell my options contracts for a profit.
Please note that this is not financial advice. I am not a financial advisor and I cannot guarantee that this trade will be successful. You should always do your own research before making any investment decisions.
I have purchased SNDL long options contracts with an expiration date of July 21st. The strike price for both contracts is $1.00. I believe that SNDL is undervalued and that the stock price will increase after earnings are released on July 21st.
SNDL is a leading cannabis company with a strong brand and a loyal customer base. The company has been struggling in recent years due to the COVID-19 pandemic, but it is beginning to recover. In the first quarter of 2023, SNDL's revenue increased by 83% year-over-year. The company also generated positive earnings for the first time since 2019.
I believe that SNDL's earnings report on July 21st will be positive. I expect the company to report revenue of $100 million and earnings per share of $0.05. If these numbers are met or exceeded, I believe that the stock price will increase significantly.
I am bullish on SNDL and I believe that the stock price could reach $2.00 by the end of August. If the stock price does reach this level, I will sell my options contracts for a profit.
Risks
There are a few risks associated with this trade. First, SNDL's earnings report could disappoint. If the company reports revenue or earnings below expectations, the stock price could decline. Second, the overall market could decline, which could also impact the price of SNDL stock. Third, the options contracts could expire worthless if the stock price does not reach $1.00 by the expiration date.
Conclusion
I believe that the risks associated with this trade are outweighed by the potential rewards. I am bullish on SNDL and I believe that the stock price could reach $2.00 by the end of August. If this happens, I will sell my options contracts for a profit.
Please note that this is not financial advice. I am not a financial advisor and I cannot guarantee that this trade will be successful. You should always do your own research before making any investment decisions.