Remember this analysis is not 100% accurate NO single analysis! Leave a comment about your thoughts
40+ in early 2021, if not sooner. Will depend on market conditions of course, but the demand for efficient and optimized at home working platforms will only increase as more companies shift to at-home employment. Benefits have already been realized, no turning back now no matter how hard anyone fights it. Slack is positioned well to be a leader in such an...
Broke through a major resistance whiplash up to at least 33 if not higher long ATH
$WORK Slack - Hitting resistance today at $30.50 and beginning to retrace. Unusual Bearish Options Activity Yesterday - 12k $30.00 strike (ITM) Dec'20 puts traded vs open interest <2k or 6x OI for a total premium outlay of $5M Near term target: $25.00-$26.00 range by late October Note: This is NOT investment advice.
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...
CUP AND HANDLE ? DESCENDING WEDGE WITH BULLISH DIVERGENCE ....HMMMMM