NTNX Nutanix Options Ahead of EarningsIf you haven`t bought NTNX here:
Then analyzing the options chain and the chart patterns of NTNX Nutanix prior to the earnings report this week,
I would consider purchasing the 30usd strike price at the money Calls with
an expiration date of 2024-1-19,
for a premium of approximately $4.00.
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.
Nutanix
NTNX Nutanix, Inc. Options Ahead Of EarningsLooking at the NTNX Nutanix, Inc. options chain ahead of earnings , i would buy the $35 strike price Calls with
2023-1-20 expiration date for about
$1.00 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.
$NTNX - 35 Acting as major support.The combination of chart technicals, business model, macro tech trend, partnerships, competitive positioning, etc. is starting to develop a strong bullish case for Nutanix.
I understand that it previously had a bearish gap down on big volume after an earnings announcement and traded below $35 for a short period of time. After that it rallied back above the $35 dollar price area and is now starting to retrace about 50% of the recent earnings gap down. Based on these technical chart indications, I feel that the market's price discovery mechanism is suggesting that there is willingness to accumulate here.
Beyond the technicals, you have the recent announcement of a partnership with Hewlett Packard Enterprise ($HPE) which is a world class technology organization. I believe this formation of an alliance should create value-add synergies that will further escalate Nutanix's leadership position. Speaking of leadership positioning, Gartner also recently released their report/analysis on the hyperconverged infrastructure marketplace. This report allows us to have a strong visual on the marketplace competitors and their ability to execute and demonstrate vision. Acting as confirmation, this report shows Nutanix being the clear leader which ultimately reinforces my longer term bullish thesis for this security.
As always guys, this is not a recommendation to buy or sell! Just my opinion on where I believe this security will travel to next. :P
stocktwits.com
www.youtube.com
$NTNX Looks a bit interesting hereLast Friday (2.28.2019), $NTNX had a major gap-down making it a 40% decline YTD. From a fundamental investor perspective this looks quite attractive as it is down more than 20% on the year. However, from a technical trading perspective I think this security may see continuation to the downside in the coming trading days as it has gapped down on high volume and blown through prior support/resistance (support that was prior resistance and dated back to early IPO days).
As a hyperconverged data-center and enterprise solution provider at around $6B in market cap, I believe this security has a bright future (in several years and assuming global macro conditions sustains itself). Until then the short to mid term trading, i.e. days to weeks, looks to perform quite poorly. I would be eyeing this security at the 30s, but if it decides to hover above 35 then I think there is room for a quick retracement to the upside here.
youtu.be
Preferred Trading Tools I Leverage:
• Finviz: finviz.com
• GuruFocus: goo.gl
NUTANIX a 'must have' stock for me.Fundamentals:
Interesting article
www.investing.com
Especially this graph:
d1-invdn-com.akamaized.net
Technicals:
Impulsive break of 23$ with steady volume picking up, dips will be very good supported. There is a great chance that we will see another leg higher into 30$ for a gap fill.
There is a big chance that this correction is over, and the next leg has started my stop will be around 21$.
All the best..
NTNX Bullish Pin Forming on the Daily? Uptrend intact!NTNX tested 22 level as support, setting up for next leg up? Looks like a bullish pin forming. If it closes near open, you could set a limit buy order 5 cents higher than high of day in case it goes thru 23 level tmrw. Personally, I may do that depending on how we close but I missed today's dip so will def sell puts tmrw if we get another lower level retest...will add more straight out if we get volume with jump tmrw:)
Updated NTNX chart - broke thru 19.44 & 20.89 resis, testing 22!NTNX breakout looking good. Blew thru the 19, 20/21 level and now testing 22. If it closes > 22 today & Monday, looks like only minimal resistance til 28. Closed out July 17.5 short puts securing quick 80% premium. Will wait to see how 22 level holds & watch for retest of gap up levels <21.5 to write more puts and buy long calls on Monday. I'll probably even purchase shares outright if MACD, CCI, Force & RSI align since I'm long this company...still recommend selling puts for easy cash - averaged my holding down to zero selling puts during that insane over sell-off after lockup expiration! Wish I bought more shares outright...will sell some higher strike puts if indicators align next week:)
NTNX Breakout CONFIRMED! Sell puts, buy dips - big gap to fill!Looks like earlier indicators of NTNX breaking out were correct with multiple confirmations. Hit new post-lockup high at 22 & rejecting off, which gives good opportunity to take first entry/add or at least sell some puts for easy cash...or you can wait for a bit of a pull back (maybe to fill gap down to 20) with profit takers, etc. but it will eventually fill that gap up to 30 and many ppl who held after insider lockup expiration are holding long and shorts will need to cover so high upside.
NTNX bounces off long term uptrend line, will it close >20?NTNX recovering well from lockup expiration - a close > 20 today and looks like that uptrend line (along with 19.44 level) will act as support til it's back to 30 range. EXCELLENT opportunity to keep selling 1 strike below current price puts on this (or just keep writing the 17.5 puts)...they hardly get assigned & if they do no problem, solid long! Alternatively, if it closes above 20 you could probably easily swing from here to next resistance levels around 21 & 22 or wait for retest of 20 level to be sure:) If we close above 20, I'll be waiting for the retest & confirmation of that level to write the Aug. 20 puts...