This stock melts up and corrects every earnings. Expecting the same here similar to CADE earnings.
Of course they can have blow out earnings this quarter and I could be wrong like I was with JBL a while ago, but I'm into some $85 puts.
Earnings are always a crap shoot so small position, target is $80 as shown.
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Note that RSI is overbought with MFI divergence and it threw a shooting star today, so everything lines up as far as technical and chart pattern, but Ithose don't typically matter much on earnings.
Trade closed manually
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Flipped the puts on open in this pumptarded money so that I at least came out even on my earnings trades.
Amazing pumptardedness in the market, nothing seems to go down even when companies lose money.
The irony is that this company acrually had the best earnings report out of the bunch and it went down. Earnings are such a crap shoot.
thanks for sharing these ideas.