Envestnet, a leading U.S. software vendor catering to financial institutions, finds itself at a crossroads as it explores strategic options following expressions of takeover interest. With a market value of approximately $3.5 billion, Envestnet's potential sale has sparked investor intrigue and market speculation. Let's delve into the details surrounding this...
Looking at the ENV Envestnet options chain, I would buy the $45 strike price Puts with
2023-5-19 expiration date for about
$1.10 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.
A bottom is coming where both channels (up and down) intersect
This is shown within a green circle
I have put a price label where I think price will reversal out of this downtrend
Weekly chart