I'm playing BEAV short into earnings. Price reached a Weekly + Daily resistance at 46.37 today where I bought October 45 Single Puts. With the market going up IV is cheap across the board to go for the Singles rather than vertical spreads. Seasonality has BEAV going down in August and for the year thus far it has been following seasonal predictions by having...
As per Daily 50sma which stands at 135.66 seems like the chart is holding strong and Costco indeed likes the last run it just went on.. Chart seems to be taking a breath and thats a good sign. only time well tell.. but in the mean time play the channel that seems to be forming and try your luck
MYCC - Expect opening at 17.45 for a Golden Gap N Go. Watch out for close support zone and low volume. Learn this strategy for free at www.RealLifeTrading.com
BEAV - Expect opening at 75.90 for a Golden Gap N Go. Watch out for close support zone. Learn this strategy for free at www.RealLifeTrading.com