Alright traders, PINS reports earnings thursday 7/29. I really like the PINS setup because the RSI has more room to run on the daily and weekly charts. SNAP and TWTR both recorded good ER's, FB reports on wednesday. More time was spent on social media apps, due to Corona virus...pretty simple.
Options flow - There are over 6000 $85 calls sitting in OI, put/call ratio is at .86. There is alot more open interest in the August ATM calls.
The short interest is only 3.9%, finviz.com
*There is an FOMC decision on wednesday, so that may impact markets. Play the earnings run up and sell before earnings. GL!
Options flow - There are over 6000 $85 calls sitting in OI, put/call ratio is at .86. There is alot more open interest in the August ATM calls.
The short interest is only 3.9%, finviz.com
*There is an FOMC decision on wednesday, so that may impact markets. Play the earnings run up and sell before earnings. GL!