Triangle ......and low volume equal consolidation. Added to the watchlist for a long. As soon as there are life signs in volume in the right direction I'd go in. Longby L__ChaimUpdated 2
HPQ covered strangle Rather than just holding HPQ stock with hope that it may go higher this year, collecting a 2.5% yield while waiting, I instead plan to sell options premium this week against my $22 cost basis for a higher return on capital. Implied volatility on HPQ is over 30% and rising as we near the earnings report date of May 29 after the close. Of the past 8 quarterly earnings reports, the stock has ended a few percent lower on only 3 occasions. I could sell the stock for a tidy gain around 24 where it reached a couple times already this year. The 24 strike at 21 delta means almost an 80% chance the call will expire worthless and I keep the credit of 25, or about 1.1% of the cost. Because after transaction fees, this credit is small, I'd want to instead A) sell the lower 23 strike at 36 delta for $50 credit, or B) also sell an 'out of the money' put for additional credit (forming a covered strangle) if I'm willing to add to the stock position at a lower price on pullback, or C) both. The trade order for a covered strangle would be something like : SELL -1 STRANGLE HPQ 100 20 JUL 18 23/21 CALL/PUT @1.00 Selling a covered strangle on HPQ is attractive for several reasons: although it means a higher chance of assignment fees at the 30 delta strikes, it brings in nearly 100 credit, which is 4.5% of the current spot price of HPQ (27% annualized). The HPQ daily options volume is only about 8,000 so the 'at the money strikes' closer to the current stock price are the most liquid and easiest orders to fill. At 21 a share adding another lot is a small commitment. Fundamentally, I believe the stock fair value is higher so I'm willing to risk adding another 1 lot of stock if the stock drops or holding if HPQ trades sideways. The price support around 21 looks solid on the stock going back almost a year. The current Trefis fair price estimate for HPQ is around $25. Based on the 2018 EPS estimate of 1.96, and a long term 5% EPS growth over next 3-5 years, my DCF model suggests a current fair value of $25.50- $27 range. Longby dimeUpdated 3
HPQ Inc. - Don't Fight Price Action TradingDon't Fight cypher pattern on monthly, for rest of year, down to $17-$18 rest of yearShortby Anbat1
HPQ short with high profit potentialsThe price just reached a certain area which hold decently for many times for many years, the RISK REWARD is very good even in TARGET 1, the RISK is a dollar maybe 1,2 depends how tight you like it. RSI devergence is good and double top at resistance perfect match ;) Details written on the chart. STOP LOSS should be around or little bit above 25.00 Shortby perdei0
HP Empresa de Tecnologia Estrategía Rompimiento de Canal LateraHP una de las marcas más reconocidas en el mundo de tecnología, se encuentra en una tendencia alcista sin embargo a encontrado un canal en el cuál el precio esta consolidando para ver que dirección toma vamos a seguir muy de cerca esta acción, para poder tomar beneficios, es una empresa nueva que estoy siguiendo y según sus patrones pueden ser una de las favoritas este añoShortby yepez.andres1001
HPQ - Not a great R/R will pass on this one.Used fibs on the big trend to set target at .5 / Stop and entry are based on fibs of smaller move.Shortby AWDConservative1
HPQ - Channel of opportunity?The price her has been playing beautifully in this channel since 2016! No one know how long it will last, but I am playing the contrarian devil's advocate here as well. It looks like a pullback at least for now; we're in! Stop @ 23.52 Target @ 21.86Shortby themdtraderUpdated 2
Bull FlagEverytime the RSI reaches the area its in, it seems to end the pullback and continue trend upwards. lets see where this goes. Nice weekly chart tooby amaroa69Updated 111
HPQ - Bullish momentumHPQ is trending in an ascending channel in the last year last few months price started consolidating below 20$ last week was a price expantion to the upside accompanied by news of streamlining if price croses 20$ could be a quick move to 22 area and a continuation in the channelLongby A_SwissaUpdated 4
$HPQ Trade Setup --- 7/10 Rating----All trade details are on the chart. . . . Thank you for viewing this idea. If you agree please leave a like :) If you would like to see more ideas like this simply click the follow button. If you have comments I would love to hear from you. Enjoy! Longby gumbtgUpdated 7
HPQ Covered Call This covered call play in HPQ is partially an earnings play as well as longer term investment into October. HPQ reports earnings tomorrow after the bell, and currently has an inflated IV rank of 69%, IV 32.9% At the moment, the expected move is +/- 0.9 or 4.7%. Most of the previous 8 earnings reports the stock moved a wider range than this. (Half gaining and half losing). The October 20 covered call at the 32 delta, $20 strike filled instantly for 18.70. This gives a max profit of $130 above $20 by expiry or total return of 6.95% over cost of 18.70. If the call expires worthless, the call premium returns almost 2% on the current stock price (at 59 D.T.E. yields 12% annualized) and I'll aim to continue selling calls against it. With a stock price of 19, a round lot of the stock uses a small part of the portfolio buying power. HPQ as a stock has been improving lately, and some of the fundamentals I'm bullish on are: - Free cash flow yield of 5.4% should support the price of the stock - 2.85% dividend yield (payout ratio under 50%) should support the price of the stock. - Trading below it's year end fair value of $22 based on 1.63 operating E.P.S. and 5.5% long term growth. - Average analyst 12 month target of 21.50, with favorable ratings of 4/5 by CFRA & outperform by C.S. Trefis suggests 'fair value' at 18. - Technically the chart may also suggests a bullish cup and handle pattern. Additional Notes: - Alternatively I considered selling the 18/20 strangle at 30 deltas for $78 credit. This only would have used $555 buying power. - Earnings plays are often considered like a 50/50 coin toss. At a risk 1 : win 1 ratio, the stock must remain above 17.46 by expiry. by dime6
HPQ callSince there is a big W in the bottom, we can compute the first goal price of HPQLongby feanor211152