$GOTU | Unusual Options Activity $GOTU had some interesting call buying in the 25C and 30C. Might have missed the move already but it's worth keeping an eye on this setup for continuation.
0A7G trade ideas
GSX Techedu Inc 🧙GSX Techedu Inc is a technology-driven education company with core expertise in online K-12 courses. Its K-12 courses cover all primary and secondary grades. It also offers foreign language, professional, and interest courses. The company's segment includes the provision of education services. It operates solely in the PRC and all assets are located in the PRC.
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GOTU BankruptcyHere's one for kicks and giggles, GOTU is headed below $10, not sure if it happens next week or not but I bought 10 contracts of $12.50 puts for 45 cents, lol. Rare to see a straight out Enron tank like this.
Don't go too heavy, it may not hit $10 until the following week if it throws a continuation pattern next week. Short the pops though...
GOTU reverse H&S. Accumulate!!Swing trade:
Forming H&S within potential double bottom. Swing trade target 36. Enter after breakout at 26 and set stop loss below right shoulder.
Investment:
This is a good potential entry from an investment standpoint with a potential double bottom forming in the daily timeframe. The crash from Archegos fallout of was a technical crash and has not altered this company’s value fundamentally. Excellent opportunity to accumulate.
