UAA
UAA EarningsI'm bearish on this company but you gotta go with the chart read. Looks like a continuation triangle, will throw in a small bet on calls next week. Earnings Tuesday BMO.
I will kick myself if I'm wrong because I usually flip UAA puts for fun.
Under Armour inverse H&S at end of wave 2Under Armour seems to be finishing wave 2 and formed an inverse H&S with divergence on RSI. MPO of the pattern is just below $28 level. Break of the neckline and 200SMA would be a buy signal, best if confirmed with high volume.
This could be a great opportunity to enter before the main buyers come in. The count is valid as long as level $16 is not broken to the downside.
Overall the stock seems to be bullish, earnings will be reported on February 11th. Major hedge funds target the stock below $30.
Good Luck!
UAA Earnings Monday Pre-marketBuying some puts tomorrow which probably means they beat. Not doing great on earnings guesses... but I'm so bearish on this with PE at 100, I can't help myself.
UAASmall caps going full pumptard, on top of that, NKE misses earnings and still goes up.
UAA will more than likely hit a double top. Not going long, but plan to short when it sets a new high.
$UAA Swing IdeaIf it pulls back to $20, then it would be a nice buy. It has to catch up 10 EMA on Daily. Below $20 we have 100SMA & 200SMA.
Under Armour $UAA TriangleThe stock has been hyped up quite a bit latley but the chart is showing a triangle between a short term support and a long term resistence.
This long term resistence was tested once before with an alomst identicle pattern in Octover 2016 - see white trend line .
Tempted to go in on some puts here.
Foot LockerRetail in general battered. FL down from $80 to $30... think ultimately we head sub $30 but looking for a bounce here off support into earnings.
Nice juicy gap up into $47
Under Armour- Eyeing bottom channel Log scale- eyeing the bottom of the channel for a long w/ stop below.
THE WEEK AHEAD: AAPL, UAAEarnings
AAPL announces Tuesday after market close
Aug 11th 142/157.5 20-delta short strangle
Probability of Profit: 74%
Max Profit: $191/contract
Max Loss/Buying Power Effect: Undefined
Break Evens: 140.09/159.41 (wide of 1 standard deviation on both sides)
Theta: 19.34
Delta: .79
Aug 11th 137/142/157.5/162.5 20-delta iron condor
Probability of Profit: 70%
Max Profit: $115/contract*
Max Loss/Buying Power Effect: $385/contract
Break Evens: 140.85/158.65 (at 1 standard deviation, both sides)
Theta: 7.34
Delta: .56
* -- Paying less than one-third the width of the wings.
UAA announces earnings Tuesday before market open
Aug 11th 19.5 short straddle
Probability of Profit: 58%
Max Profit: $221/contract
Max Loss/Buying Power Effect: Undefined
Break Evens: 17.29/21.71 (between expected move and 1 standard deviation, both sides)
Theta: 8.82
Delta: -4.03
Aug 11th 15.5/19.5/19.5/23.5 iron fly
Probability of Profit: 53%
Max Profit: $199/contract
Max Loss/Buying Power Effect: $201/contract
Break Evens: 17.51/21.49 (at expected move, both sides)
Theta: 5.11
Delta: .05
Broad Market Exchange Traded Funds
QQQ currently has the highest background implied volatility, followed by IWM, SPY, and DIA.
QQQ Sept 15th 136/149 20-delta short strangle
Probability of Profit: 66%
Max Profit: $177/contract
Max Loss/Buying Power Effect: Undefined
Break Evens: 134.23/150.77 (Wide of 1 standard deviation on the put side; between the expected and 1 standard deviation, call side)
Theta: 4.62
Delta: -2.01
QQQ Sept 15th 133/136/149/151 20-delta iron condor
Probability of Profit: 60%
Max Profit: $73/contract*
Max Loss/Buying Power Effect: $227/contract
Break Evens: 135.27/149.73 (at 1 standard deviation on the put; between expected and 1 standard on the call)
Theta: 1.08
Delta: -3.78
* -- Paying less than one-third the width of the widest wing.
Inverse head and shoulder + Bullish Pennant Bullish long and short term. Inverse head and shoulders from past several weeks has played out well. Still waiting for PT ~$21 and even higher if we break resistance with volume. Bullish pennant also points to same PT area.
Under Armour with biggest gain in a monthStill plenty of overhead resistance, but a good start to 2017. MACD is bullish and trending up
UAA Long Due To ReboundUnder Armour is just about to make a rebound on it´s big drop, a good entry point would be around $30.
Analysts say 2017 is going to be a good year for UAA, and so do I.
Don't miss this great opportunity.
Looking for swing trade set up on UAALooking for bullish bounce off support. If not trend breaks support looking to go bearish.
