$AFRM
AFRM has had some nice movement after finally breaking back above 17 area. Earnings coming up this week on Wednesday. If we see a positive reaction to earnings AFRM can run to the 23,24 level. If there is a negative reaction we can see a 5+ point drop to the downside towards 13 again.
Trade Idea:
AFRM 2/10/23 20 calls (ER Lotto)
Entry: Hold above 18 or Back test of 17
Target: 22.50
Roll: 25 calls above 22.50
AFRM has had some nice movement after finally breaking back above 17 area. Earnings coming up this week on Wednesday. If we see a positive reaction to earnings AFRM can run to the 23,24 level. If there is a negative reaction we can see a 5+ point drop to the downside towards 13 again.
Trade Idea:
AFRM 2/10/23 20 calls (ER Lotto)
Entry: Hold above 18 or Back test of 17
Target: 22.50
Roll: 25 calls above 22.50