CPB EQT OMG All these three have good trading volume , very tight bid-ask spread and higher-than-normal realized volatility . These three have also in common good bullish expectations, technically speaking. Bottom line is: sell calls on these three. Trade responsibly
retest of ih&s, rest at fib level, risk reversal and call spread bought, this baby is ready.
on watchlist, big boys loaded up already. gonna run. hedge fav.
I will be looking to play another earnings squeeze on omc market open tuesday, earnings report pre market. earnings squeeze example below from apog which i traded last week very similar setup
OMC (Bullish since 2015) is completing a triangle at a 0.5 Fibonacci level that also coincides with a long term support line for an upward channel. An upward break out of the triangle would make an excellent case for going long and looking for a move up to $89.50 (triangle resistance) or $95.00 if an ABCD pattern completes.
Pressure in building as OMC tries to break above resistance at 86