Replies to post #49885 on "House of Pinchers" (Pinch)

[jimmenknee]

Thanks for your thoughts :-) I usually don't post setups this early anymore but this one struck me as being similar both in terms of the chart/reason for drop & also given similar share structure (lower float with good liquidity).

Calls look a bit rich and thin, but the 30Cs seem doable IMHO

(FWIW FTNT as an industry peer is up AH on a earnings beat)

[jimmenknee]

FWIW-- took a single May 15C @ 1.80 (net -185.64) for earnings reaction (assume neutral/positive)/Pincher maturity.

Price: 16
Reward: 18.3
Risk 15.2

R:R 2.9:1

Strike: 15
Estimated Intrinsic: 3.3
Price: 1.8
Est Gross: 1.5 +88.33%