After researching Herbal Life (HLF) I've decided to put on a bullish strategy for earnings tonight. The stock is currently priced at $60 and has shown good growth and has historically beating the earnings estimates. The forward PEand PEG ratio are good and there's a lot of short interest so I like the upside potential. I sold 2 contracts of the55/52.50 Put Credit Spread for .65 and bought on call debit spread at 60/62.50 for $1.00. I didn't have a lot of capital to invest so I just put on a few small positions.
Jonny
No comments:
Post a Comment