An idea for SEAS showing a break above the large Triangle pattern Bullish assumptions
Hi everyone, Yurii Domaranskyi here. Let's take a look at the chart: 1. Price levels are working good here 2. Globally uptrend locally range 3. The level confirmed by touch and false breakout 4. It was near the test and there is no move up the level 5. approached with regular bars 6. Huge accumulation in the range 7. Yesterday's close lover than from the...
SEAS announces earnings on 11/7 before market open, with an implied volatility of 71%, which is at the upper end of its range over the previous 52 week period. The November 17th 11 short straddle is paying 1.37 at the mid with a comparable iron fly probably not paying enough to make it worthwhile (less than 1/4 the width of the longs). CTL (implied volatility of...