Broke out that falling wedge and holding above that down trendline, bounce perfect off that .618 yellow zone making its way back up to 28.32
$WORK got destroyed by Zoom? will it get pumped by the Nasdaq? Who knows. What I know is that is sitting and coiling on the lower channel structure...big move can happen soon. So, LET'S PLAY BOTH WAYS.. WIN WIN situations that's what I like PT1:30 bull PT2:23.4 bear $ZM $SLACK
WORK aka Slack was a very promising trade with the work from home (WFH) explosion driving stocks like ZOOM, PYPL, SQ, FB, AAPL, MSFT and CRM to name a few. Unfortunately WORK's performance was lukewarm, and quarterly results proved the same. With services like Zoom Video, Facebook Workplace, Microsoft Teams, Salesforce and more providing a lot of tools that...
$WORK Bullish Over: 26.46 (Supply Zone Target) Bearish Under 24.64 (Dynamic Support at 23.05 Target) Gap Fill: 28.00 No good Risk/Reward Setups yet. High Chance of Consolidation this week burning premiums on both sides.
EARNINGS: Some decent earnings on tap in terms of options liquidity and implied volatility metrics this coming week. Here they are, ranked by how much the at-the-money short straddle is paying as a function of stock price: PLAY (33/136/35.5%):* Thursday after market close. ACB (30/205/32.5%): Wednesday (time not specified). PTON (66/125/32.4%): Thursday after...
... for a 1.59 credit. Notes: Earnings announcement volatility contraction play with high 30-day implied at 111.5%. Selling the 16 delta's here. Will take profit at 50% max and/or adjust sides on approaching worthless or side test.
Based on the last 2 june drops, we should ideally bounce near $330 if the sell volume gets weaker tomorrow. Bullish catalyst - round 2 of stim gets approved However, if we don't bounce, we could have a march like drop and would probably be crashing thru the next two levels. $320 , then $300 What's the best play here? Open a strangle options play. 1-3 month out,...
Earnings Report tomorrow on the 3rd of September LONG Bullish over 33.15 PT @33.70, @34.75, @35.5 then hard resistance in the 38-39 (ATH) range SHORT Failing to hold above 33.70 and we'll pullback PT @33.20, @32.70, and @31.95-32.15 solid support
For the longest time this stock has been floating at $30 and it simply cannot seem to break that level. However, technicals are shaping up to say otherwise. After analysis on the daily chart, it seems as if there is a falling wedge forming- and in my opinion, now is the perfect time to get in. I purchased options dated to October to give me a little wiggle-room...
WORK very nice solid uptrend channel
I tried posting on this before so will have to double down as the stock has moved against me since then. I may have confirmation bias on $WORK but $WORK is my favorite LEAPS play here. $WORK is breaking out of a channel after a double bottom below $28. Daily squeeze momentum is up & just beginning to flip over 0 line. I may have mentioned this once or twice (or a...
Been holding the bag since the lasts ER. Looks ready for a breakout! - Tested and hold the support at 27 a couple of times - Long bottom trendline has been held and bounced off - Short bottom trendline has been held - Short top trendline is about to be surpassed - Downwards momentum is fading - 20 day EMA is about to be surpassed. - We've seen more green days...
Earnings Report on September 3rd
Slack stock (WORK) has been setting up a really nice Cup & Handle, I recommend keeping your eyes on it! We HAVE to make sure it breaks upwards with volume before trading on it.
What i think $work will do in the next few weeks. (Assume the buy zone holds) (Not financial advice)