Trade ideas

Trade ideas

Today’s trade idea for option traders: Sinclair Broadcast Group (trade closed)

trade idea for option traders

During the Corona crash in March – April 2020 the stock of Sinclair Broadcast Group (SBGI) fell from $30 to around $12. After the two-months-recovery the stock began to move sideways and is swinging around the level of $20. In spite of the negative earnings announcement in Q3 2020 (an operating loss of $4.18 B) there nevertheless comes a certain momentum upwards which gives to option traders an opportunity for a new trade on Sinclair Broadcast Group. So let’s dive into it, folks.

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Trade ideas

Today’s trade idea for option traders: Tupperware (trade closed)

trade idea for option traders

With around $97 Tupperware reached in December 2013 its peak before its share prices started to decline mirroring the company’s problems. The drop in Tuppware’s price continued until March 2020 and with a low of just $1.20, it seemed that Tupperware would become to a penny stock and to a candidate for gamblers.

This makes this company seeming all the more impressive to report back as a turnaround. At least, the last earnings announcements were positive. If this turnaround will succeed, we will see in the future. At least this stock continues to climb against all odds. But for now, the share price is giving an opportunity for an options trade I’d like to introduce to you, folks.
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Snoopy Alien