Analyzing the options chain and the chart patterns of GBX The Greenbrier Companies prior to the earnings report this week,
I would consider purchasing the 55usd strike price Calls with
an expiration date of 2024-6-21,
for a premium of approximately $2.90.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
The range is between $35-$40 but considering the bounce-off support, it will retest at $40 and could likely break out based on recent ER trends. From there, $50 is the next level
Right now looking at a long entry for GBX which has an estimated 18000 employees, and currently an undervalued market cap in my opinion (compared to its revenue), I would say it is a great value stock to get. Also Zack's rank seems to be bullish as well. I think the long term potential of this stock is decent. That being said, invest at your own risk and do your...
Underlying Stock Symbol: Today will be interesting related to this Stock company announcing EARNINGS (most time do NOT do these during earnings)
GBX
Current Price: $ 49.30
Short Option:
Write (SELL)
20th Apr $50.00 Put
Price Per Option: $2.38 ( Higher Then Long Option)
Contracts: #1 x 100
Total Cost: $238
MINUS
Long Option:
Buy
20th Apr $45.00 Put
Price Per...
GBX seems breaking down its Macro frame uptrend & upward channel formation. It has big insider selling from CEO and others.
We think it has very good downside potential.
To play this we would consider $50 June puts look
* Trade Criteria *
Date First Found- April 4, 2018
Pattern/Why- Long term trend break, Upward channel breakdown short
Entry Criteria-...
GreenBrier is a premium industrial in a hot segment of the Market. Over the last couple of years it has been on a tear, advancing more than 100%. Now there are Mutual funds and other institutional investors who are sitting on healthy gains. Note that fundamental story has NOT changed a bit. This is a pure rush to lock in profits - Look at this selloff. This...
Greenbrier (NYSE:GBX) says the timetable is "tight but achievable." The rail car maker has invested millions to retrofit up to 2,040 cars a year vs. 600 today.
news.investors.com
GBX has had solid performance in 2014. The sell to $60 is panic selling which will be redeemed by slow fib increments back up to all time high. First resistance about $67, then $69. This...
