If you haven`t bought the dip on PM:
nor sold the top:
Then analyzing the options chain and the chart patterns of PM Philip Morris International prior to the earnings report this week,
I would consider purchasing the 92.50usd strike price Puts with
an expiration date of 2025-1-17,
for a premium of approximately $5.80.
If these options prove to be profitable...
NYSE:PM has earnings coming up and we can expect to see a large profit after the recent acquisition of Zyns a massive product witch has boosted there earnings along with there smoke free tabaco I can see a long position but wait to the day before earnings for analysis.
The Philip Morris stock is moving mainly sideways with only a slight hint to the upside. However, to follow our primary route again, the tired Philip should soon awaken from its slumber and regain bullish momentum. The turquoise wave B should extend into our turquoise Target Zone (between $119.47 and $123.80) to establish its high. Only afterward do we reckon with...
Thank you as always for watching my analysis. I hope you can learn something very educational on this video. Also one thing I did not mention on this stock is the fact that the fundamental analysis on this stock looks underrated as well so that just adds more confluence. Have a blessed January!
These 4 are my top Short ideas for today into the future until the price stays below the Red TrapZone.
The picks are based on momentum, volume and price action.
The PEAD projected a bearish outlook for NYSE:PM after a positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 75%.
The PEAD projected a bullish outlook for NYSE:PM after a negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 66.67%.
The PEAD projected a neutral outlook for $PM after a poositive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 66.67%.
If you haven`t bough PM after my last chart:
Then you should know that looking at the PM Philip Morris options chain ahead of earnings , I would buy the $100 strike price Puts with
2023-3-17 expiration date for about
$1.80 premium.
If the options turn out to be profitable Before the earnings release, I would sell at least 50%.
Looking forward to read your...
My primary count indicates we´re in black wave 4, which should reach the 95-98 zone before a new leg up, targeting at least 112.50.
A bounce from the yellow zone is my long trigger.
PM retains a client base for decades, and a good funnel right before earnings. The textbook bullish funnel with 3 support points vector and 3 resistance points vector, the conclusion is nearing close to the earning date. Brake might be significant in either direction combined with the statistical probability of positive earning due to the past 15 WWWWWWWWWWWWWWL....
Buy for long-term hold
Dividend > 6%
Entry: bounce off POC and breakout from descending wedge
RRR 1:40
Context: Shorting NAS 100 index while buying quality blue-chips with high dividends for > 3yr hold.
Looking at the PM Philip Morris options chain, i would buy the $90 strike price Calls with
2022-11-18 expiration date for about
$1.69 premium.
Looking forward to read your opinion about it.
the support at 85 is holding, forming an ascending triangle, I think it can retrace to at least 91.50 with a hard retest of the monthly descending triangle, before reconfirming the short BO
