Retesting the S/R zone and upwards channel after breaking above. Expecting upside momentum to continue backed by positive analyst expectations. Watch out for US jobless claims in 7 mins.
Analyzing the options chain and the chart patterns of LOW Lowe's Companies prior to the earnings report this week,
I would consider purchasing the 210usd strike price Puts with
an expiration date of 2023-10-20,
for a premium of approximately $4.95.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking...
