Analyzing the options chain and the chart patterns of WRAP Wrap Technologies prior to the earnings report this week,
I would consider purchasing the 2usd strike price Puts with
an expiration date of 2024-5-17,
for a premium of approximately $0.32.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looks like a perfect Elliot wave forming on WRAP. Going long using the bottom line as a stop loss. Expecting a solid bounce back off the bottom and then finding new all time highs.
1/22 $5c
This is my first post. Did some basic financial checks on this company.
WRAP will be receiving several international reorders totaling over 600 BolaWrap devices, plus cartridges and accessories. The Company expects to fulfill these orders by the end of the month. Looking forward to the price jump.
