The recent decision by Palm Valley Capital Fund to divest its position in Advance Auto Parts, Inc. (NYSE: NYSE:AAP ) has sparked interest and raised questions about the future trajectory of this automotive replacement parts and accessories provider. As investors dissect the rationale behind this move, it's imperative to explore the factors influencing Palm...
Analyzing the options chain and the chart patterns of AAP Advance Auto Parts prior to the earnings report this week,
I would consider purchasing the 70usd strike price at the money Puts with
an expiration date of 2023-9-1,
for a premium of approximately $5.55.
If these options prove to be profitable prior to the earnings release, I would sell at least half of...
I am setting up a possible bullish swing trade on AAP. This is what I want AAP to do, breakout above resistance at $119.00 then pull back and re-test the old resistance which now should provide support. If AAP does breakout I will enter a limit order to buy a little above support, maybe at $119.35. If AAP does breakout I would hope to see a re-test fairly quick,...
