Analyzing the options chain and the chart patterns of RF Regions Financial Corporation prior to the earnings report this week,
I would consider purchasing the 18usd strike price Calls with
an expiration date of 2025-1-17,
for a premium of approximately $1.65.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
I am not certified or licensed by any individual or institution to give financial or investment advice.
I believe Regions Financial (RF) is continuing a downtrend and is currently testing Resistance. I purchased a couple puts. Solid yellow line indicates price of stock when puts were purchased.
$AXP, $SAM, $HCA, $RF, $HON, $SLB
All major averages finished last week in the green to post a third straight week of gains - Dow closing at an ATH - Big name earnings reports continue to drive markets
$AXP - American Express - reported Q3 FY21' earnings of $2.27/share - beat estimates by 27.5%, bottom line increased 74.6% YoY - driven by growing revenues &...
Bought To Open (BTO) 8 Calls of Regions Financial (RF) on 04-21-2020.
Stock Price--$9.19
Calls Execution Price--$0.42
Strike 12, Expiration August Monthly
Small dotted line is price of Stock when I bought the Calls. Solid yellow line is Strike Price when RF will go In The Money.
I see a wedged Uptrend with Support and Resistance shown by orange trend lines....
