LOWE has earnings reporting this morning with the beat they should have some exciting action. This is straight up a short cover trade so there should be lots of range for the options but also risk that is why options is the choice to trade this. in this one to move the options chain. Looking at this at market open for 2 ways 1)pure options buy of the $120 Dec20 2019 call 2)selling the straddle at open nov 22 $118 puts and call to bleed out the earning premium.
Liquidity is key we do have a reversal setup on the ninja scalper
As always trade ideas are generated from The NinjaScalper (Part of the trade indicator suite of tools)
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None of this is investment advice just for your infotainment and edutainment