Analyzing the options chain and the chart patterns of CALM Cal-Maine Foods prior to the earnings report this week,
I would consider purchasing the 60usd strike price Calls with
an expiration date of 2024-4-19,
for a premium of approximately $1.47.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
A price action above 56.00 supports a bullish trend direction.
Increase long exposure for a break above 58.00.
The target price is set at 64.00.
The stop-loss price is set at 54.00.
Remains above its 200-day simple moving average.
A bull flag pattern seems to be developing. Such a pattern supports upside price potential.
If you haven`t sold CALM here:
Then analyzing the options chain and the chart patterns of CALM Cal-Maine Foods prior to the earnings report this week,
I would consider purchasing the 45usd strike price Puts with
an expiration date of 2023-12-15,
for a premium of approximately $1.35.
If these options prove to be profitable prior to the earnings release, I would...
AT A GLANCE
Simplistic Analysis: wave down to support.
Trade Type: Touch & Go don't wait for a close.
Research Depth: technical glance only.
Earnings Anticipations: positive surprises for EPS & Revenues.
Surprise-confidence on a scale of 0-5: 3
This is a de risked stock, ready to rebound and continue an uptrend with a huge bull flag, at least 20% from this point to the flag resistance, and other 20% to the conclusion. Good if you adding some value to your portfolio
After the last price target was reached:
Now looking at the CALM Cal-Maine Foods options chain ahead of earnings , i would buy the $60 strike price Calls with
2023-1-20 expiration date for about
$5.70 premium.
If the options turn out to be profitable Before the earnings release, i would sell at least 50%.
Looking forward to read your opinion about it.
Looking at the CALM Cal-Maine Foods options chain, i would buy the $55 strike price Puts with
2022-11-18 expiration date for about
$1.65 premium.
Looking forward to read your opinion about it.
CALM held up very well in this correction thus far and reported strong earnings this week.
Potentially breaking out on the monthly and a confirmed breakout on the weekly based on last week's action.
Quarter on Quarter increase in institutions
QOQ increase in EPS and sales growth
On Weekly chart line drawn from 18th Aril 2022 will have a double top
So a buy above 58.5
Stop loss 7% from entry price
Price action recently formed a cup with an estimated depth of approximately 14% - 20%.
We could see a rally from here higher anticipating 14% - 20% returns in the near future.
Let me know if you have any success navigating CALM w/ this information!
I am back in this trade a second time in about a week. Last time I bought puts which doubled on the drop. This time I am shorting the common stock and will add as price increases for a nice average. 1,000 shares short $58.10 will add every $1.50 increase equal number of shares. Way overbought and getting ahead of itself. I will also buy puts in the $60's
