Analyzing the options chain and the chart patterns of ABR Arbor Realty Trust prior to the earnings report this week, I would consider purchasing the 13usd strike price Puts with an expiration date of 2024-3-15, for a premium of approximately $1.87. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
First noticed this when I was scouting $ABR as a potential candidate for puts. I was looking for H&S setups, and liked the look of it. If you look at $ABR chart (daily or weekly) I imagine you'll see what I mean. Looks like we're peeling off the 20MA on the 1D to the downside. (Earnings are tomorrow, as a heads up) But yes, this led me to look at other names in...
I know what you're thinking. It's too soon. Well let's see. Allbridge just launched their ABR token on Uniswap just over 24 hours ago. Most people will argue TA won't work for coins that new. I'd usually say yes. I still do. But this is more just my prediction of what I think will happen to test my knowledge and what I've learnt the past few months. All Bridge...
ENTRY: 18.44 SL: 16.84 TP1: 19.68 TP2: 20.96 - ADX<25. Would like to be higher. - RSI<65 but >50. Uptrend still intact. - MAs aligned. - Rebounded from pivot point and lower channel on 21 Jun 2021. - Strength meter shows weakness on 25 Jun 2021. Trade with caution or tighten stop loss in coming days.
Just an idea here in the sea of red. $ABR July Calls