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UAA

Under Armour inverse H&S at end of wave 2Under Armour seems to be finishing wave 2 and formed an inverse H&S with divergence on RSI. MPO of the pattern is just below $28 level. Break of the neckline and 200SMA would be a buy signal, best if confirmed with high volume. This could be a great opportunity to enter before the main buyers come in. The count is valid as long as level $16 is not broken to the downside. Overall the stock seems to be bullish, earnings will be reported on February 11th. Major hedge funds target the stock below $30. Good Luck!
NYSE:UAA
by Antonio_trader
THE WEEK AHEAD: AAPL, UAAEarnings AAPL announces Tuesday after market close Aug 11th 142/157.5 20-delta short strangle Probability of Profit: 74% Max Profit: $191/contract Max Loss/Buying Power Effect: Undefined Break Evens: 140.09/159.41 (wide of 1 standard deviation on both sides) Theta: 19.34 Delta: .79 Aug 11th 137/142/157.5/162.5 20-delta iron condor Probability of Profit: 70% Max Profit: $115/contract* Max Loss/Buying Power Effect: $385/contract Break Evens: 140.85/158.65 (at 1 standard deviation, both sides) Theta: 7.34 Delta: .56 * -- Paying less than one-third the width of the wings. UAA announces earnings Tuesday before market open Aug 11th 19.5 short straddle Probability of Profit: 58% Max Profit: $221/contract Max Loss/Buying Power Effect: Undefined Break Evens: 17.29/21.71 (between expected move and 1 standard deviation, both sides) Theta: 8.82 Delta: -4.03 Aug 11th 15.5/19.5/19.5/23.5 iron fly Probability of Profit: 53% Max Profit: $199/contract Max Loss/Buying Power Effect: $201/contract Break Evens: 17.51/21.49 (at expected move, both sides) Theta: 5.11 Delta: .05 Broad Market Exchange Traded Funds QQQ currently has the highest background implied volatility, followed by IWM, SPY, and DIA. QQQ Sept 15th 136/149 20-delta short strangle Probability of Profit: 66% Max Profit: $177/contract Max Loss/Buying Power Effect: Undefined Break Evens: 134.23/150.77 (Wide of 1 standard deviation on the put side; between the expected and 1 standard deviation, call side) Theta: 4.62 Delta: -2.01 QQQ Sept 15th 133/136/149/151 20-delta iron condor Probability of Profit: 60% Max Profit: $73/contract* Max Loss/Buying Power Effect: $227/contract Break Evens: 135.27/149.73 (at 1 standard deviation on the put; between expected and 1 standard on the call) Theta: 1.08 Delta: -3.78 * -- Paying less than one-third the width of the widest wing.
NASDAQ:AAPL
by NaughtyPines