Analyzing the options chain and the chart patterns of GT The Goodyear Tire & Rubber Company prior to the earnings report this week,
I would consider purchasing the 13usd strike price Calls with
an expiration date of 2024-2-16,
for a premium of approximately $0.95.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
The Goodyear Tire & Rubber Company, together with its subsidiaries, develops, manufactures, distributes, and sells tires and related products and services worldwide. It offers various lines of tires for automobiles, trucks, buses, aircraft, motorcycles, earthmoving equipment, and mining and industrial equipment under the Goodyear, Cooper, Dunlop, Kelly, Debica,...
Goodyear is one of the world's largest tire companies. It employs about 62,000 people and manufactures its products in 46 facilities in 21 countries around the world. Its two Innovation Centers in Akron, Ohio, and Colmar-Berg, Luxembourg, strive to develop state-of-the-art products and services that set the technology and performance standard for the industry.
The Goodyear Tire & Rubber Company, together with its subsidiaries, develops, manufactures, distributes, and sells tires and related products and services worldwide. It offers various lines of rubber tires for automobiles, trucks, buses, aircrafts, motorcycles, earthmoving and mining equipment, farm implements, industrial equipment, and various other applications...
$GT at good entry here for day trade, 50 MA + golden pocket confluence - Looks bull flag. Adding here and adding more on the break. tight stop, below given level.
Goodyear to Acquire Cooper, Creating Stronger U.S.-Based Leader in Global Tire Industry
Strengthens Leadership Position in Global Tire Industry
- Combines Two Complementary Brand Portfolios with a Comprehensive Offering Across the Value Spectrum
- Provides Significant, Immediate and Long-Term Financial Benefits
- Opportunity to Create Additional Value from...
DO NOT HAVE TIME FOR DESCRIPTION, JUST SHORT GT FROM LEVEL
I HAVE REALLY SKILL IN SHORT GT TWICE AND RESULT WAS VERY WELL.
TODAY, I ANNOUNCED MY IDEA TO PUBLIC SHORT GT, I THINK THAT IS BEST IDEA,
I EXPECTED ABOUT 33% PROFIT FROM THIS DEAL, STOP LOSS OR ANOTHER POINT FOR RISE POSITION TO LONG I SEE 15.95,
SO STOP LOSS IS ABOUT 9% FOR CURRENT PRICE.
Goodyear came out with results yesterday, and I quote:
"Q1 EPS of $0.50 beats by $0.04. // Revenue of $3.83B (+3.5% Y/Y) beats by $10M. // Looking ahead, Goodyear reaffirms prior guidance for 2018 segment operating income of $1.8B to $1.9B. Management expects the TireHub joint venture to be the "cornerstone " of its aligned distribution network."
This would...
