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HP INC

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7HP trade ideas

HPQ Covered Call This covered call play in HPQ is partially an earnings play as well as longer term investment into October. HPQ reports earnings tomorrow after the bell, and currently has an inflated IV rank of 69%, IV 32.9% At the moment, the expected move is +/- 0.9 or 4.7%. Most of the previous 8 earnings reports the stock moved a wider range than this. (Half gaining and half losing). The October 20 covered call at the 32 delta, $20 strike filled instantly for 18.70. This gives a max profit of $130 above $20 by expiry or total return of 6.95% over cost of 18.70. If the call expires worthless, the call premium returns almost 2% on the current stock price (at 59 D.T.E. yields 12% annualized) and I'll aim to continue selling calls against it. With a stock price of 19, a round lot of the stock uses a small part of the portfolio buying power. HPQ as a stock has been improving lately, and some of the fundamentals I'm bullish on are: - Free cash flow yield of 5.4% should support the price of the stock - 2.85% dividend yield (payout ratio under 50%) should support the price of the stock. - Trading below it's year end fair value of $22 based on 1.63 operating E.P.S. and 5.5% long term growth. - Average analyst 12 month target of 21.50, with favorable ratings of 4/5 by CFRA & outperform by C.S. Trefis suggests 'fair value' at 18. - Technically the chart may also suggests a bullish cup and handle pattern. Additional Notes: - Alternatively I considered selling the 18/20 strangle at 30 deltas for $78 credit. This only would have used $555 buying power. - Earnings plays are often considered like a 50/50 coin toss. At a risk 1 : win 1 ratio, the stock must remain above 17.46 by expiry.
NYSE:HPQ
by dime
HPQ Bullish SwingRetest gap. Not enough reward to play the hourly break that's forming. I want it to pull back to the short term resistance level. We barely have enough room for a 2R gain before the longer term resistance level if it works. There are probably better setups out there. That being said, if we do get a retest to the entry level with a bounce, I could see it breaking through the resistance at 18.44 due to the more than a month of sideways action it broke out of today.
NYSE:HPQLong
by Federman19
HP IncHP Inc. is a provider of products, technologies, software, solutions and services to individual consumers, small- and medium-sized businesses, and enterprises, including customers in the government, health and education sectors. The Company provides personal computing and other access devices, imaging and printing products, and related technologies, solutions and services. Its segments include Personal Systems, Printing and Corporate Investments. The Personal Systems segment provides Commercial personal computers (PCs), Consumer PCs, workstations, thin clients, Commercial tablets and mobility devices, retail point-of-sale systems, displays and other accessories, software, support and services for the commercial and consumer markets. The Printing segment provides consumer and commercial printer hardware, supplies, media, solutions and services, as well as scanning devices. The Corporate Investments segment includes the operations of HP Labs and certain business incubation projects.
NYSE:HPQShort
by karl.media99
Supply and Demand set up - LongMonthly trend up, Weekly trend up, Daily trend up. When daily trend breaks it will reallign with weekly demand level (green box) the weekly level has a strong departure, one massive 80% erc (extended range candle) compact base, consolidation away, 2:1 move from the level. Also daily level (blue box) has a great move away with a gap up, 4 candle compact base, how to read my charts blue =daily levels adn trendlines green= weekly levels and trendlines orange= monthly levels and trendlines.
NYSE:HPQLong
by Blased
HPQ - Hewlett Packard Enters Profit Taking AreaNYSE:HPQ HPQ is entering a take profit area. A lmt order can be set around the $15.30 level up to around $16.50 with a chance of getting filled over the next week depending on your expectation. Late December and January represented buying and accumulation phases. About the Analysis The first step in this trading method is to pick stocks that are likely to outperform. In my opinion it is useful to use fundamental screening for this, but technical screens like moment can be applied. More importantly the screen needs to be backtested for outperformce. Using Portfolio123 and a buy and hold approach for the screen HPQ shows up in, has been circa 18% on average over the past 10 years just targeting S&P500 stocks. Screens on smaller cap stocks show much higher returns. Next step is if I find a stock I think "should outperform" from the screen I want to pick it up for as low a price as possible in the short term. Risk is managed using diversification and staggered entries (i.e. not buying a full portfolio on the same day) as opposed to a stop loss. So, when the squeeze momentum indicator is bright green as shown in the chart I'll buy using a limit order. When a period of falling prices comes along, identified by the bright green highlight in the squeeze momentum indicator it means I can probably set a limit order below the current price and expect to get filled in the next few days. Once in a position and the indicator goes dark green it is confirmation that price direction is changing back to UP. It's still ok to buy here but once the indicator goes red this is when price is "and has" already rallied, sometimes strongly in the short term. Meaning LMT orders can be placed to take profit (or loss if I get it completely wrong) and exit. The good thing is LMT orders can be placed above the current price as there is good chance price might continue to rally in the short term and reach the limit price. Trailing stops could also be implemented to ride a trend as long as possible in the take profit zone. The key to the strategy is picking stocks that might outperform. This method gets killed in downtrends when you have to wait for a short term rally to exit (backtesting shows it is better to wait than use stops), hence why stock selection is so important. BUT works well in general. A 150 day moving average could also be used as a filter to make sure trades are taken in sync with the trend. The issue will be that final position that get filled before a trend change to the downside comes along. Suggestions on risk management welcome, in particular ideas on how to avoid that potential big loss appreciated.
NYSE:HPQ
by andrew.gibbs777