reallllllly attractive swing opportunity. 65c 2.50 6/19? probably hit strike price within the next 7 to 10 days...
pros -
macd crossover with confirmation on friday
havent dropped through bollinger lower band, tested -> reversed
rsi just dipped to about 32%, which on an upwards trending stock is pretty deeply super oversold
apologies in advance if im missing something obvious but the greeks seem less predatory than usual here:
minus -
volume is lower than id like
VIX crush concerns
spread is not super great for us, our theoretical break-even point on june 1 would be $58.50 according to my math, which is a solid +10% to current price.
but if we look at the behavior since it was last oversold, 10% increase in value isnt that exotic:
$ python3 daily_diff.py ACMR
product is ACMR
closing price date
35.7 2020-05-01
35.8 2020-05-04
37.7 2020-05-05
39.3 2020-05-06
44.2 2020-05-07
46.7 2020-05-08
53.8 2020-05-11
56.0 2020-05-12
50.3 2020-05-13
60.0 2020-05-14
58.7 2020-05-15
63.6 2020-05-18
65.7 2020-05-19
55.1 2020-05-20
54.5 2020-05-21
52.9 2020-05-22
between the 1st and the 19th, price rose almost 100%...
thoughts?