CALM-SELL strategy weekly chartThe share has climbed steeper than we might have done climbing rocks. The financials are looking incredible, and one should not under estimate eggs.
However, we are looking at value, and also at the steepness of its ascend. It is clear we should see a proper correction below $ 78.00 per share is my personal view.
Strategy SELL @ 90.00-91.00 and take profit @ $ 81.50 for now. SL I feel not required looking at the steepness of the climb.
CALM trade ideas
CALM Cal-Maine Foods Options Ahead of EarningsIf you haven`t bought CAL before the previous earnings:
Now analyzing the options chain and the chart patterns of CALM Cal-Maine Foods prior to the earnings report this week,
I would consider purchasing the 75usd strike price Puts with
an expiration date of 2025-5-16,
for a premium of approximately $7.75.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
CALM Cal-Maine Foods Options Ahead of EarningsAnalyzing the options chain and the chart patterns of CALM Cal-Maine Foods prior to the earnings report this week,
I would consider purchasing the 60usd strike price Calls with
an expiration date of 2024-4-19,
for a premium of approximately $1.47.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
CALM: bull flag pattern?A price action above 56.00 supports a bullish trend direction.
Increase long exposure for a break above 58.00.
The target price is set at 64.00.
The stop-loss price is set at 54.00.
Remains above its 200-day simple moving average.
A bull flag pattern seems to be developing. Such a pattern supports upside price potential.
CALM Cal-Maine Foods Options Ahead of EarningsIf you haven`t sold CALM here:
Then analyzing the options chain and the chart patterns of CALM Cal-Maine Foods prior to the earnings report this week,
I would consider purchasing the 45usd strike price Puts with
an expiration date of 2023-12-15,
for a premium of approximately $1.35.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
CALM Cal-Maine Foods Options Ahead Of EarningsAfter the last price target was reached:
Now looking at the CALM Cal-Maine Foods options chain ahead of earnings , i would buy the $60 strike price Calls with
2023-1-20 expiration date for about
$5.70 premium.
If the options turn out to be profitable Before the earnings release, i would sell at least 50%.
Looking forward to read your opinion about it.
CALM overbought again back in this tradeI am back in this trade a second time in about a week. Last time I bought puts which doubled on the drop. This time I am shorting the common stock and will add as price increases for a nice average. 1,000 shares short $58.10 will add every $1.50 increase equal number of shares. Way overbought and getting ahead of itself. I will also buy puts in the $60's