I’m leaning towards selling another CSP for a strike I’m comfortable owning. That might be one of my plays tomorrow before earnings
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Pretty impressive beat. If earnings call doesn’t throw a spanner in the works, this should be a nice tailwind tomorrow.
Sympathy plays responding decently too; SMCI tracking most closely:
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Alright, so given that this is taking a similar pattern to the previous ER, I just wanted to note that after the PM spike, there was a dip of about $33 dollars into open and we didn’t see the price really move up much again until about 11:00am. Could prove to be a nice scalping opportunity.
The price dipped again after that spike all the way through Friday morning, until about 10:00am where it started a slow climb until closing out about $9 above open from that morning.
The next ATH was actually hit that following Tuesday (Monday was a holiday, no trading) in PM, and it maintained levels around ER price for the rest of the week, not hitting another ATH until the following Wednesday.
Obviously, no way for us to know if it will play the same, but my point in adding this is that we should expect several dips and climbs for the next week or so, +/- $20-30.
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