Analyzing the options chain and the chart patterns of ZUMZ Zumiez prior to the earnings report this week,
I would consider purchasing the 17.50usd strike price Puts with
an expiration date of 2023-9-15,
for a premium of approximately $0.40.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward...
Zumiez blew past earnings last night coming in .15 cents above consensus. The company also beat on revenue and raised full year results.
Zumiez also issued a $100 Million stock repurchase program through 2020.
Charts look great, PMO, MACD and RSI are turning up, POSITIVE.
Looking for a new 52 week high soon.
The stock was trading upwards of $55.00 a share a...