Thread by @ProfitsTaken

📊Learning Opportunity For #OptionsTrading & hunting on #unusualwhales 🐳📊

Here is $HD , I'm screening it as a possible #optiontrading play for tomorrow. I'm even including the #optionsflow

Look it up What do YOU see? Good idea? 🐂? 🐻? Neither? Dig in

#stocks #stockstowatch

The question being,

Would you trade this? How?
Buy calls? Puts?

ANALYSIS THREAD;

The fake FURUs don't go this deep with the calls & puts scam. But I want everyone performing a proper analysis with MULTI data points - not just flow, not just made up lines called levels or guess work.

Few things to consider that I'm not seeing discussed $HD

- NEWS; Two analyst upgrades - UBS (analyst) just provided $HD with a significant upgrade. It's not earth shaking but we have an upgrade from $440 to $470 with a buy maintain. ISI raised their target as well

- Price action / charting; $HD had a hard sell off / profit taking.

No one is mentioning this? These are TWO analyst upgrades. It's not the end all be all but needs to be in your analysis.

No - con artist FURUs don't do it but that's not a good thing. See my videos.

MORE points to consider;

- Hard sell off? Profit taking.
- Gap up range

Also, NOBODY discussed spreads! This tells me the fake FURU talk still needs to be shaken from our thinking here;

- Yes, we have bullish flow, news and seeming entry opportunities on a sell off.

But do we have viable options?

- Not on weeklies, not right now (see spreads img)

Remove the bad wiring that is FURU talk. They do silly thing because its guess work and con artist games with numbers.

- News
- Price action evaluation
- Spreads
- Flow
- Market analysis

^ Spreads were easy to catch! Same with news!