QDEL Easy Money Here
Updated
On 8/27 Abott announced it's 5 minute test Result Kit for Covid. Plummeting the stock. Since then QDEl has continued development and received Govt
funding for large orders, technicals looking good combined with Insider Buys QDEL should see the stock bounce back to at least 08/27 lows, R3. With Hedge funds piling in this could be a great entry point for longs, and an even better opportunity for options traders with monthly call options.
I am not a financial advisor and this is not financial advise, do your own HW & DD
(PS Excuse Earnings and Churn was charting EHTH at the same time that is meant to say Abott's Test)
funding for large orders, technicals looking good combined with Insider Buys QDEL should see the stock bounce back to at least 08/27 lows, R3. With Hedge funds piling in this could be a great entry point for longs, and an even better opportunity for options traders with monthly call options.
I am not a financial advisor and this is not financial advise, do your own HW & DD
(PS Excuse Earnings and Churn was charting EHTH at the same time that is meant to say Abott's Test)
Note
Not to toot my own horn here, but.. toot tooo!!! lol sorry but...had you followed the play. Monthly call option , you could have bought with strike at 170 for 1870 (not buying at day lows), would have sold 3 days later at 3700 (not selling at days highs, near double in 3 days) After testing n failing R2 resistance, time to sell. QDEL then gets a healthy pullback as needed (nothing goes straight up), seeing the stock stabilize, not dropping down to or below R1 that now becomes a support level time to BUY. Back in same monthly expiation (10/16) call option strike price now 195 for 1450 I am already seeing gains, with stop loss at R1 level, I don't see it coming into play, with momentum still strong this bull stay has plenty of room to run. Looking for a green close today above 200, we could see a gap fill to 220.
Can coin you a high return on capital in a short period of time with a smaller risk reward ratio then many other trades out there. This is how I have played it, I have left the quantity of options out. An understand...
I am not a financial advisor. This is not financial advise. Please do your own HW & DD. Options trading especially, can be extremely volatile and you can loose ALL of your money. Never invest with money you could not afford to loose.
Good Luck and stay posted for some new trade Idea's,
Going to try to keep up with a options strategy starting from recent gains to $100,000. in 30 days! That's right I said it.....
Boom or Bust how to make 100k in 30 Days!
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