Currently holding 20 puts at 9.50 strike expiring 21-FEB-25.
I'm looking at capturing a decent pullback from 10.35 close on Friday to around 9.50-9.75 before 21-FEB due to retracement levels, strong support and resistant levels, and the two most recent catalysts:
1. Blackrock's entry announced on 11-FEB-25 at the 8.50 level. This was announced before earnings so as to not hamper the massive gains expected to come from the 27-FEB-25 report.
2. There is no announced reason as to why the underlying is rising to 10.35 before earnings. I think this is a pump before a general market pullback.
Overall I'm bullish on ACHR and will aim to enter $10 calls before 21-FEB-25 provided the underlying does what I am praying for :)
https://www.tradingview.com/x/jyOvaFsJ/https://www.tradingview.com/x/c0Q01AV5/
I'm looking at capturing a decent pullback from 10.35 close on Friday to around 9.50-9.75 before 21-FEB due to retracement levels, strong support and resistant levels, and the two most recent catalysts:
1. Blackrock's entry announced on 11-FEB-25 at the 8.50 level. This was announced before earnings so as to not hamper the massive gains expected to come from the 27-FEB-25 report.
2. There is no announced reason as to why the underlying is rising to 10.35 before earnings. I think this is a pump before a general market pullback.
Overall I'm bullish on ACHR and will aim to enter $10 calls before 21-FEB-25 provided the underlying does what I am praying for :)
https://www.tradingview.com/x/jyOvaFsJ/https://www.tradingview.com/x/c0Q01AV5/
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.