Call Option GDDYExpecting a 27% bull run in GDDY stock..
Call Option
Strike Price $65
Exp: 05/15/20
Price: $4.80 ( As I am writing)
Target: $12
Maximum Position size 4% of your full portfolio.
thanks everyone best of luck
GDDY trade ideas
$GDDY Go Daddy Go, up 10% post earningsGoDaddy (NYSE:GDDY) shares gain 8.3% after a Q3 report that beat on EPS and met on revenue. The in-line FY19 outlook sees revenue of $2.98-2.99B, narrowed from the previous $2.79-3B range and compared to the $2.99B consensus.
Customers totaled 19.1M at the end of the quarter, matching the consensus and up 5% on the year. Source Seeking Alpha
Average analysts price target well above current levels @ $87.55
Company profile
GoDaddy, Inc. engages in the provision of domain name registration and web hosting services. It provides website building, hosting, and security tools. The company was founded by Robert R. Parsons on January 1997 and is headquartered in Scottsdale, AZ.
$GDDY Disaster in the making. Chart screaming GET OUTI was expecting an acceleration in selloff but not this bad. On one side, the whole market is dropping but it is not all. There is so much more with GDDY. Technically the chart is broken and broken hard. Much lower prices are coming. Tomorrow I think we will see the first target that I set on Friday. We may end the day in $60 - $62 area tomorrow. At this point, there is not even an attempt during the day to have any kind of bounce. I think there will be an even larger amount of institutional investors that will try to get out. As I said on Friday, any bounce is a chance to get out or add to a short position. In a few weeks, we should be at $52.
$GDDY A bigger picture on what is going on with this stockI have been following this stock since it's just started to form the bearish rising channel. Eventually, classic inverted cup and handle formed and what was missing just a breakdown on bigger volume. Well, today we got it. I do not chase such sharp moves but decided to enter on 50% retracement. There is a chance that it may go up a bit more giving me the perfect opportunity to add to my position. But make no mistake, there is a very little chance that this stock will be here for a long time. It will slide and crash much lower. There might be an attempt to close the gap, to wipe out early shorts but the trend now is DOWN. From this point, we may see a long term drop. $GDDY has a lot of internal problem and investors are freaking out, today action speaks for itself.
$GDDY Breakdown, what is nextThis stock was a long time on my short watch. It is going much lower, any bounce is a chance to short or get out
GODADDY WAY OVERVALUED - RIPE FOR SHORTING - BUY PUT OPTIONSGodaddy is way overvalued. Using DCF valuation, I can only get a value of $17.50 for GDDY. GDDY has just announced its quarterly earnings, another loss of -0.07 per share. Its sales are growing at 13% per year but it is failing to convert it to positive earnings. I think this stock is going to tank big time. In overnight trading, it dropped to $70 but bounced up again on very low volume. There are a lot of competitors in the website publishing space, GDDY has a large share of the market but its dominance could get eroded from here further supporting a much lower value per share. I think this is a 6 month put option play. Buy at the money put options with 6 month expiry. I think this strategy could be a big winner. Also, Trump is increasing tariffs on China again, the market could tank with GDDY falling hard from here on.
The technicals look bearish too. The RSI, ROC and MACD are all looking bearish supporting a down movement.
Possible Right Shoulder on H&S Earnings PlayHigh Risk - but I have bought some August $75 Puts as they report after earnings. As risk is 100% overnight I have only invested what i am willing to lose 100% of if it does not work out. Insiders have been selling.
$GDDY-Above all significant moving av and COC$GDDY-Above all significant moving av and COC (Change of Character)
Buy Now! It's a New Bull Market! GoDaddy indeed! cover and go long while Jeffrey Gundlach was bearish on CNBC at the true bottom!
GDDY retraceWe reached bottom of rising wedge formation. We should see dip, but might not be yet. I expect bounce from this level back up to top trend channel. Buy in levels updated to next fibonacci level down, $63. If this fails, we will look for amazing buy in opportunities at 61.8% - $55.00 ish. I expect current trend to resume, so price currently at $68 should be good buy in. Correction of bull market points to $63, or $55. As always, wait til trendlines are broken.
Keep in mind, 2 patterns emerge, parallels and a rising wedge. Long term is a rising pennant (red), short term is a channel that is yet unbroken (blue), and still might remain in effect. This could continue for some time before a real profit taking takes place.
IF current rising flag continues, expect bottom out to rise to $70, new fib lines will be drawn. Seems to be minor profit taking at the moment, but trend through industry looks the same, rising flag with bearish RSI. Correction expected.
Long term, this stock is a good buy at current price. OR wait until next fib ratio is reached if there is a correction.
GoDaddy breaking Trendlines, is publishing profits 1st time everGoDaddy, which has been losing over $250 million per year previously, has gone public almost 2 years ago. Since then has published profits of 92.6 million in Q4 2017. 3 million in 2018 Q1 and continues to grow revenue between 20-30%. Stock has doubled since IPO. Trendlines have been broken recently, and stock is still making gains. Look for stock to follow in blue trendlines as growth continues.
There is a potential rising wedge, signalling downtrend. RSI slowing, but after Q4 strong statement, would make sense.
Previous downtrends have only gone down to previous fibonacci levels, signalling only minor profit takings. This looks to continue going up longterm.
Godaddy - Pennant suggest continuation of the uptrendSuggestion to hold until the stocks takes a clear direction, possible up to 23% downward correction.
Gap and go swing tradeIf it gaps above my enter line this is a great gap and go swing trade. IT NEEDS TO GAP ABOVE MY LINE. If it opens below my enter line it will not be as strong for me and I'll pass.
