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  • ACMR

    Click image for larger version  Name:	Screen Shot 2020-05-24 at 12.16.23 PM.png Views:	0 Size:	424.1 KB ID:	159


    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:

    Click image for larger version  Name:	Screen Shot 2020-05-24 at 12.37.36 PM.png Views:	0 Size:	82.7 KB ID:	160

    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?
    Last edited by sonatine; 05-24-2020, 01:13 PM.
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