SMPL The Simply Good Foods Company Options Ahead of EarningsAnalyzing the options chain and the chart patterns of SMPL The Simply Good Foods Company prior to the earnings report this week,
I would consider purchasing the 35usd strike price Puts with
an expiration date of 2024-4-19,
for a premium of approximately $1.90.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
SMPL
SMPL The Simply Good Foods Company Options Ahead Of EarningsLooking at the SMPL The Simply Good Foods Company options chain ahead of earnings , I would buy the $40 strike price Calls with
2023-4-21 expiration date for about
$1.50 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.
SMPL long - Goldman Sachs upgrades to Buy w/ convictionSMPL looks great on paper. P/E is over 70, market cap is over 2B. Beat earnings estimates 3/4 quarters in 2019, and also 1st quarter 2020.
Goldman Sachs just issued an upgrade, from Buy - to Buy with Conviction.
Technical analysis, this is hitting a long term Fib level of 50% for the 3rd time, possible triple bottom formation. Very strong support at this level.
Stop loss under $21.00 ( -10% ), Target will be just under $30.00 ( +30% ) for a long term trade, and $25.00 ( +10% ) for a shorter term trade, where the price may consolidate and form a base.
Daily Chart w/ Fib levels: