Analyzing the options chain and the chart patterns of FAST Fastenal Company prior to the earnings report this week,
I would consider purchasing the 84.62usd strike price Calls with
an expiration date of 2025-1-17,
for a premium of approximately $4.30.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
I am publishing a series of the best stocks with the highest growth rates that I expect over the next few years. Today with the Fastenal share with a target price of 109$
Just a quick short on FAST before ex-div date.
Post earnings, with beat expectations, but nothing amazing, overbought, RSI on it's way back down.
Seems likely to repeat the pattern after last earnings.
Fastenal Company (NASDAQ: NASDAQ:FAST ) has emerged as a standout performer, exceeding market expectations in its Q4 2023 earnings report. With an EPS of $0.46, surpassing the forecasted $0.45, the industrial distributor showcases its resilience and strategic prowess in a challenging economic landscape. Let's delve into the key factors that contributed to...
Fastenal (FAST) Strong Q3 sales met expectations, exceeded estimates on bottom line due to impressive profit margins. Onsites initiative progressing well, aiming for 400 additions yearly. Bullish on FAST, especially above $53.00-$54.00. Upside target set at $81.00-$82.00, driven by strategic initiatives and solid financial performance.
#Fastenal #StockMarket...
NASDAQ:FAST
If the stock price breaks above the bullish line, positioned around $60.74, the primary target on the bullish side to monitor would be Target Price 1 at $61.76.
Conversely, if the stock price descends below the bearish line, located at $59.45, there are several potential downside targets. The initial target on the bearish side would be Target Price...
If you haven`t bought FAST here:
Then analyzing the options chain and the chart patterns of FAST Fastenal Company prior to the earnings report this week,
I would consider purchasing the 55usd strike price Puts with
an expiration date of 2023-10-20,
for a premium of approximately $0.87.
If these options prove to be profitable prior to the earnings release, I...
Below 54.00 supports a bearish trend direction.
Increase short exposure for a break below 53.00.
The target price is set at 51.00 (lower range of the inclining channel pattern).
The stop-loss is set at 56.00 (upper range of the inclining channel pattern).
Downside price momentum is applicable.
Looking at the FAST Fastenal Company options chain ahead of earnings , I would buy the $52.5 strike price In the Money Puts with
2023-8-18 expiration date for about
$3.80 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.
The PEAD projected a Bullish outlook for $FAST after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 50%.
The PEAD projected a Bearish outlook for $FAST after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 60%.
They're basically a fastener retailer, can't imagine guidance will be good considering housing and construction are slowing down.
Threw some beer money at OTM puts for earnings tomorrow. Remember earnings are a crap shoot, but I don;t think too many companies are gonna have good news for guidance.
The PEAD projected a Bearish outlook for $FAST after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 62.5%.
An industry that is very sensitive to lead time, supply chain, and inflation. A very good short target as it seems to have retested previous support level as resistance.
A long way down! Very good risk-reward trade!
Looking at the $FAST symbol. Price fell pretty significantly, and I strongly believe with one contract on this trade will do just fine. This is a strong buy. Trade at your own risk.
FAST is trying to break through and close above its recent all-time-high of $54.31.
Good news is that it's holding its previous all-time-high of $51.89 as support.
With buying pressure slowing down it may come back down to retest the $52.50 to $53.10 area as support before making another attempt at breaking and closing above $54.31
Final thoughts
* Strong up...
The PEAD projected a Bullish outlook for $FAST after a Negative over reaction following its earnings release placing the stock in drift C
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