Hims demand zone leading into earnings
Hims is a position that has a lot of controversy but I am bullish. Lots of volatility rewards the patient. I have added a daily demand zone as we approach earnings and the conclusion of the election. We have already seen a very strong bounce from the buy zone and I have played my cards accordingly. I love seeing the stochastic RSI this low leading into earnings. Note the rising average volume as well.
My plan:
I have spot shares I plan to hold long term
During the 15% drawdown last week I sold CSP for 11/8 expiration that were aggressive, I will close these at 90% profit
Any time we approach 18$ I will sell aggressive CSP
My plan:
I have spot shares I plan to hold long term
During the 15% drawdown last week I sold CSP for 11/8 expiration that were aggressive, I will close these at 90% profit
Any time we approach 18$ I will sell aggressive CSP
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