SNBR, SELL, 32.5% PROFITShorted NASDAQ:SNBR on 11/7/2023 at market close and closed the position on 11/8/2023 at market open. net 32.5% profit.
SNBR trade ideas
SNBR Hedged Options StrategyPopular smart bed company Sleep Number sells beds, mattresses, pillows and bedding related products directly to customers via 600+ retail stores, telephone order, and e-commerce. Adjustable temperature, firmness, motion sensing and automatic contouring, even snoring prevention technology are part of their luxury product catering to an aging population in the middle of a health and wellness boom -- with sleep as an increasingly buzzier part of the conversation. Americans buy 16+ million new mattresses a year, spending an average of ~$1000 per unit, making it a $12.55 billion industry. More people are relocating due to job/work-from-home opportunities and changing real estate trends (opting to buy a new mattress instead of moving an old one) -- the projected steady growth could become a surge. SNBR reports earnings Wednesday after market close, and posted beats for the previous 2 Q's. Here's one argument for the stock being undervalued.
Technically minded investors might also see some promising chart patterns forming as well, and a buying opportunity after a major selloff in the last two years. However, with its recent loss of CFO and announcement that chip shortages were a challenge, an investment in SNBR would not be without uncertainty.
Here's an options investing strategy that offers both downside protection and upside potential. Make a fixed 12% (22% annualized) at maturity as long as SNBR does not fall more than 23%. Further protection: SNBR can fall 31% through expiration before you start to lose any money.
Hedged like this:
Sell 2 $25 puts
Exp 9/15/23
Capital requirement: $4472
SNBR Daily Ant-Shark Harmonic 28Oct 2022Maybe not as strong as a cypher but good with gap and recent top ten percentage looser
Sleep Number (NASDAQ: $SNBR) Starting To Get Interesting! 🤩Sleep Number Corporation, together with its subsidiaries, offers sleep solutions and services in the United States. The company designs, manufactures, markets, retails, and services beds, pillows, sheets, and other bedding products under the Sleep Number name. It also provides adjustable bases under the FlextFit, and smart beds under the Sleep Number 360 brands. The company sells its products directly to consumers through retail, online, phone, and chat as well as through its e-commerce activities. As of January 2, 2022, it operated approximately 648 retail stores in 50 states. The company was formerly known as Select Comfort Corporation and changed its name to Sleep Number Corporation in November 2017. Sleep Number Corporation was founded in 1987 and is headquartered in Minneapolis, Minnesota.
SNBR: Breakout Confirmed, 46.58% Potential Profit!Description: SNBR is trending higher and in an uptrend meaning that highs are getting higher and lows are getting higher. The uptrend line on the chart and the Trending Band Indicator (which measures trend) supports the Long Position.
Stats:
1. Ideal buy range: $105.2 - $114.7
2. Take profit: $154.08
3. Stop Loss: $95.5
4. Risk To Reward: 1 / 5
5. Accuracy Rating: 92%
Sleep on their bed, not the stockSleepnumber.com is positioned very well for the rise in ecommerce consumer behavior.
It's clear it's now in a long term uptrend.
LONG --- AM IN , AT 2ND ENTRY POINTHealthy sign in fundamental analysis .
PEG ratio .9
Ev/Revenue 1.1
P/R .83
Using financial models
(DCF.CCA.EBV) the entry point at 45.25$
Using Fibonacci technical analysis the entry point in normal case is 47.00$ and in bearish case is 33.88$
Summary
Entry point 47.5 $
Take profit 54.00$
Good Luck
Sleep Number 60 PTWell this already broke out and we are a little late, unfortunately. Will watch Monday and we what's happening. ATH is 60. Looking at August calls for 65. Should be a bullish start if it can break 60. Will continue to monitor
Possible Buy Opportunity $35 support?SNBR has had a huge correction and is hurtling downward BUT a huge support via the Monthly EMA ribbon, the 0.78 fib retracement, and previous resistance and now potential support are being closed in on.
This may be a good chance to get a bounce off these supports at around $35
