After the stock broke out of the trading range,
The buyers are not eager to buy even at relatively low price.
At this juncture there is a high probability trade to the downside,
With a very big potential, and very little risk.
My conclusions will remain the same,
Unless i see strong conviction from buyers.
$CAG Iron Condor
Buy: 10/18 32c for .27
Sell: 10/18 31c for .49
Sell: 10/18 27p for .47
Buy: 10/18 26p for .28
Net Credit: $0.41 (Max profit if all expire worthless)
Buying Power Reduction: -$0.59 (Max loss on blowout)
Profit Range of $26.59 - $31.41 w/ 55% POP at expiration
CAG Conagra Brands gapped up out of its recent consolidation pattern, freeing it up for a run to posted targets. Gains of 10% and 20%, respectively. Shown below is a close up daily chart for a better view of the gap up breakout. Monthly chart indicates this stock could very well see the 44 area longer term. I personally like this stock for longer term buy for...
I'm breaking down what I'm seeing on CAG - Conagra Brands Inc. (Nasdaq) Price has suffered late last year (Nov) but has rebounded nicely to almost the 61.8% Fib retracement area (not shown), pushing through 50% now on the Monthly charts, Price is above a 200 daily EMA. I see price relaxing a bit back down to the 50-61.8% Fib on the current leg up. Then, with a...
Three earnings announcements interest me this coming week from a volatility contraction standpoint: TLRY (--/79),* announcing on Monday after market close; MU (45/51) -- Wednesday after market close, and CAG (86/45), Thursday, before market open.
CAG: Pictured here is a CAG April 18th 22/24/25 Jade Lizard, which was 1.03 at the mid as of Friday close, giving it a...
NYSE:CAG
On the wave of a general sale, I found an excellent opportunity for short - ConAgra Brands Inc. In terms of technical analysis, this is the best opportunity for short.
(I publish with a little delay. There was no time to do it yesterday)
Let's make some money on sales!
Open: 36.89
SL: 37.51
TP: 34.41
Risk/Profit - 1/4
