Hawaiian Holdings is poised to post an absolutely abysmal report this afternoon. It seems that even when the company beats, the chart needs re-mapping due to volcanic activity (rather, the lack their of).
I mean, I wouldn't do any work if I was HQ'd in Hawaii either.
If the company misses as my research suggests they might, then what we have here is known as a "gimme" in golf or a "layup" in basketball.
Puts for 2/19 with an 18 strike should do the trick.
This isn't a pig-play because of how little I had to think about this. The options are cheap enough where even if they manage to go manic-bull after a counterintuitive-post-bankruptcy-type of earnings pump, you will leave the state in a mildly unscathed condition.
Bottom Line: Very high probability 3-bagger coming off a soon-to-be bear day for a cheap price.
Hawaiian Hlds (HA) reported a 3rd Quarter September 2020 loss of $3.76 per share on revenue of $76.0 million. The consensus estimate was a loss of $3.56 per share on revenue of $118.8 million. The Earnings Whisper number was for a loss of $3.71 per share. Revenue fell 89.9% compared to the same quarter a year ago.
Nota
Well, thats abysmal enough for me. But hey, people are weird these days.
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