Two straddles we are looking to get into prior to earnings are Bed, Bath and Beyond (BBBY) and (LNN) Lindsay Corp. The BBBY chart shows the last week consolidating back up to the highs of January which will give us a nice platform to launch from in either direction while the IV has not yet been too escalated. On LNN we see a nice break out of the "W' pattern and the price action is right in the middle of the channel that has formed over the last 12 months. Again the IV has not took off here either. Looking at the historical movements prior to and at earnings they appear to be ripe for the picking. Again do you own DD and trade to trade well.
Subscribe to:
Post Comments (Atom)


0 comments:
Post a Comment