GWRE Guidewire Software Options Ahead of EarningsAnalyzing the options chain and the chart patterns of GWRE Guidewire Software prior to the earnings report this week,
I would consider purchasing the 75usd strike price Puts with
an expiration date of 2023-10-20,
for a premium of approximately $0.82.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
GWRE
GWRE - Earnings play, $80 Jan-18 Puts GWRE is a possible earnings play. It has good insider selling.
on the technical side it seems a double top as well as a H&S formation.
We think it has good downside potential with the earnings.
* Trade Criteria *
Date First Found- November 27, 2017
Pattern/Why- Possible Earnings play, Potential H&S formation
Entry Target Criteria- January $80 Puts, Currently $3.10
Exit Target Criteria- N/A
Stop Loss Criteria- N/A
Please check back for Trade updates. (Note: Trade update is little delayed here.)