WIT recently popped up on my scanner, and I initially ignored it after not recognizing the company. After taking some time to look into each name on my scanner, I will be taking a look at every ticker that pops up.
Some stats:
GF Score - 96
GF Value - 6.36 Modestly Undervalued (potential room to fall)
Profitability Rank 10/10
Financial Strength 8/10
Growth Rank 10/10
It's about to fall under the Peter Lynch Earnings line as well.
With a stock price of $5.21, WIT could prove to be an outstanding low-cost stock to run theta strategies on. I'll be looking to purchase lots of 100 shares so that we can run covered calls on the position.
ER just came out, and while they missed top and bottom, the market didn't seem to mind too much. I'm a bit concerned that we could have more to fall looking at the weekly, but we can offset that risk with the covered calls.
Current PF stats so far
SPY .16%
CRM 17%
All-time Performance 1.96%
Spy Performance Since Date of Inception -3.79%
We are currently running ahead of SPY, which is excellent to see. It looks like we could have gone a little heavier on CRM to boost our stats. Ultimately though, we want to outperform a buy and hold SPY approach, so we are meeting that goal. With the next deposit in August, we will have enough for a margin account if we so desire, but we can run simple theta strategies without that risk.
Some stats:
GF Score - 96
GF Value - 6.36 Modestly Undervalued (potential room to fall)
Profitability Rank 10/10
Financial Strength 8/10
Growth Rank 10/10
It's about to fall under the Peter Lynch Earnings line as well.
With a stock price of $5.21, WIT could prove to be an outstanding low-cost stock to run theta strategies on. I'll be looking to purchase lots of 100 shares so that we can run covered calls on the position.
ER just came out, and while they missed top and bottom, the market didn't seem to mind too much. I'm a bit concerned that we could have more to fall looking at the weekly, but we can offset that risk with the covered calls.
Current PF stats so far
SPY .16%
CRM 17%
All-time Performance 1.96%
Spy Performance Since Date of Inception -3.79%
We are currently running ahead of SPY, which is excellent to see. It looks like we could have gone a little heavier on CRM to boost our stats. Ultimately though, we want to outperform a buy and hold SPY approach, so we are meeting that goal. With the next deposit in August, we will have enough for a margin account if we so desire, but we can run simple theta strategies without that risk.