VET looks like it has bottomed two weeks ago exactly at the long-term support of its up trending channel.
Since then, it has rebounded, traded and closed above its SMA200, no later than Friday.
This could be a positive sign for the upcoming earnings on Thursday.
Looking to play a confirmation of the rebound by buying an ATM call on the closest expiry, ahead of the earnings.
Expect an update to this idea during trading day.
Since then, it has rebounded, traded and closed above its SMA200, no later than Friday.
This could be a positive sign for the upcoming earnings on Thursday.
Looking to play a confirmation of the rebound by buying an ATM call on the closest expiry, ahead of the earnings.
Expect an update to this idea during trading day.
Trade closed: target reached:
Please follow new VET thread for detailed options strategy. Closing this one.