VET looks like it has bottomed two weeks ago exactly at the long-term support of its up trending channel. Since then, it has rebounded, traded and closed above its SMA200, no later than Friday. This could be a positive sign for the upcoming earnings on Thursday. Looking to play a confirmation of the rebound by buying an ATM call on the closest expiry, ahead of the earnings. Expect an update to this idea during trading day.
Trade fechado: objetivo atingido
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Please follow new VET thread for detailed options strategy. Closing this one.