SQ Pennant

After pulling back into its channel, SQ is coiling in a pennant before earnings next week. A blowout could see breakout from pennant with continuation likely above $150. I am long SQ stock and calls, short SQ puts.

Comment: Well, got my blowout it seems - Revenues beat expectations $1.92B vs $1.13B, only a slight beat - it's +10% right now to $150 in afters. Hard to pat yourself on the back when a setup this obvious presents itself but congrats all in $SQ & thanks Jack!