| Hi Everyone! | ||||
| - | ||||
| OPENING ECONOMY Trade Idea | IMAX Theaters (IMAX) This isn't one I usually watch but with the current state of the Delta variant and the Covid numbers ... that has affected the stock in the near term. The stock has fallen from $23x to $15x and is showing signs of stabilizing ... 2020 COVID pulled the stock down to $10x ... 2021 RE-OPENING pushed the stock to $23x ... so $15x with what I believe a $+/- $2 swing ... this is IMAX's new sandbox. (IF you're asking me) So, I'm looking at the OCT-15, NTM $15, paying $1.57 or 10.4% CoC ~45 day trade OR, the ITM, $14 Strike paying $1.20 or 8.5% CoC ~45 day trade. AmericanBull has a NEW chart pattern suggesting we SELL the stock here ... so IF I do not take action on this trade I will watch and see how it plays out. THIS WOULD BE A FLYER trade for me and would EXPECT it to FALL ... so I'd be looking to use this stock over and over again selling Covered Calls and buying them back ... repeat repeat repeat ... UNLIKE taking Flyer trades on untested EV stocks IMAX is a household brand new and IF this opening econ trade is real, it should head back to $23 vs falling to $10 ... NO SKIN yet.. Yahoo Options link https://finance.yahoo.com/quote/IMAX/options?p=imax&date=1634256000 AmericanBull link https://www.americanbulls.com/SignalPage.aspx?lang=en&Ticker=IMAX | ||||
| As always, do your due diligence and this is not a recommendation |
| Until next time, I wish you the very Best In Trading! | |||||
| ----------------------------------- | |||||
| Regards, | |||||
| John | |||||
| email me corepositiontrading@gmail.com | |||||
| Remember, this content is for informational and educational purposes only. If you invest using information contained here, do so at your own risk. Please read the full disclaimer posted below and visit cptdashboard.com for my privacy policy. | |||||
| Disclaimer - No - at the time of this posting I did not own the shares of this equity. and it probably means I've done a Cash Secured Put ... for which if this trade goes against me I *will* own these shares ... I risk my own money on this trade and am accountable for the trade results. | |||||
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