Looking at the SCHN Schnitzer Steel Industries options chain ahead of earnings , I would buy the $35 strike price Calls with 2023-4-21 expiration date for about $0.27 premium. If the options turn out to be profitable Before the earnings release, i would sell at least 50%. Looking forward to read your opinion about it.
SCHN has broken out nicely of the down channel in white It is now forming an up channel that i have drawn with the solid white lines On an angle the structure could be viewed as an inverted head and shoulders Breakout move should continue within this up channel, right shoulder forming.
Hello there, After making a 20% up from this trade, we may make another 20% down. Follow the chart for target and SL. *** This is not a financial advice, I'm still a beginner trying to share my Road here. Thank you.
Hello Traders, As you can see in the chart, SCHN is holding the uptrend and still bullish. We will entre here with the green lines as a target. THE SL will be 46.5$. *** This is not a financial advice, I'm still a beginner trying to share my Road here. Thank you. Many thank to @Cape-Peninsula-Capital