VET looks like it has bottomed two weeks ago exactly at the long-term support of its up trending channel.
Since then, it has rebounded, traded and closed above its SMA200, no later than Friday.
This could be a positive sign for the upcoming earnings on Thursday.
Looking to play a confirmation of the rebound by buying an ATM call on the closest expiry, ahead of the earnings.
Expect an update to this idea during trading day.
Since then, it has rebounded, traded and closed above its SMA200, no later than Friday.
This could be a positive sign for the upcoming earnings on Thursday.
Looking to play a confirmation of the rebound by buying an ATM call on the closest expiry, ahead of the earnings.
Expect an update to this idea during trading day.
Trade closed: target reached
Please follow new VET thread for detailed options strategy. Closing this one.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.