Fastly, Inc.Panjang
FSLY ER/Run-up Play
FSLY LONG
Weekly ER/run up play. FSLY recently sold off to guidance loss. I think the sell off has reached an end and should reverse now. It closed right on support (red trend line) with a dragonfly doji on the daily. The ER is on 10/28 AH
Optimal Entry
As long as it opens above support it should be good for a reversal. Possible gap up PM. I'm not entering if it's higher than 79.5.
PT purple resistance
SL red support
Contracts
I'm expecting a beat for earning but since they have bad guidance forecast I will be making a straddle.
Buy the 10/30 80c, sell the 85c, and buy the 65p.
Net debit should be around 2-2.5 (break even would the be around 62.5-63 on the downside and 82-82.5 on the upside, so around 18% on the downside and 8% on the upside.
You can play the run up however you want.
Close the contracts before 10/28 closing if you don't want to lotto. The above contracts are for the ER gamble.
Weekly ER/run up play. FSLY recently sold off to guidance loss. I think the sell off has reached an end and should reverse now. It closed right on support (red trend line) with a dragonfly doji on the daily. The ER is on 10/28 AH
Optimal Entry
As long as it opens above support it should be good for a reversal. Possible gap up PM. I'm not entering if it's higher than 79.5.
PT purple resistance
SL red support
Contracts
I'm expecting a beat for earning but since they have bad guidance forecast I will be making a straddle.
Buy the 10/30 80c, sell the 85c, and buy the 65p.
Net debit should be around 2-2.5 (break even would the be around 62.5-63 on the downside and 82-82.5 on the upside, so around 18% on the downside and 8% on the upside.
You can play the run up however you want.
Close the contracts before 10/28 closing if you don't want to lotto. The above contracts are for the ER gamble.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.