TLYS Tilly's Options Ahead of EarningsAnalyzing the options chain and the chart patterns of TLYS Tilly's prior to the earnings report this week,
I would consider purchasing the 7.50 usd strike price in the money Calls with
an expiration date of 2023-10-20,
for a premium of approximately $1.55.
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.
TLYS
Reatil leaders, looks like $TLYS is going for itThe chart is really looking good. Confirmed uptrend with a VCP formation while above its moving averages accompanied with decreasing volume. Also, it has a very good IBD Relative Strenght rating, 92 points. For me is a good stock to buy but I'm being very carefull, there has been a bunch of failed breakouts lately so wait for confirmation. I'll wait for the breakout AND how it closes on the day it makes that breakout. If the volume is high and it close above with strength then I'm buying but, with half of my position size.
After that I'll keep a close eye on the next week of trading counting the up days vs the down days. If everything looks good I'll let it run if not, I can sell half the position or the entire position. Only if the stock follows through on increased volume I would add to the position.
TLYS - Fallen angle long setupTLYS seems forming a fallen angel formation. It had a nice gap up recently with the earnings and now showing strong upward momentum. It has some insider buying as well. Overall looking very good as a long setup.
Trade setup.
TLYS - Possible long here. Stop signal 9.43. Momentum Target with target 1 being 12.87.