With broad market volatility ebbing, the place to sell premium is with earnings plays for now. Next week, look to put on options plays shortly before the earnings announcement to capitalize on post-announcement volatility contraction. This little fellahs currently look best for plays: LC: 5/9 (Monday) after market close. Due to the price of the underlying,...
There are many reasons why the upcoming earnings would be a beat, and why Rackspace is due for a rally - if you are interested just ask :) The upside is 33% according to top performing analyst consensus. www.tipranks.com
The Ichimoku Cloud has turned green so this should provide good support below. Even though there are many that are skeptical about Rackspace and with their recent news, I do believe these guys understand the cloud hosting space the best, having been in it one of the longest. Price action-wise, I believe more or less it will stay around current levels until...