While Bears Keep Waiting For The World To End: How We Made Money In The Meantime This Week
Portfolio Pulse from David Pinsen
Portfolio Armor shared a trading update highlighting the effectiveness of their ten signals for evaluating earnings trades. They provided real-world examples from the past week, including bullish trades on Ulta Beauty, Inc. (NASDAQ: ULTA) and bearish trades on Farfetch Limited (NYSE: FTCH). The article also mentioned successful options trades on Kroger (NYSE: KR), Dollar Tree (NASDAQ: DLTR), and Snowflake (NYSE: SNOW), with profits ranging from 39% to 106%. The results suggest that Portfolio Armor's approach may be on the right track.
December 01, 2023 | 6:27 pm
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POSITIVE IMPACT
Dollar Tree was part of a successful call spread options trade by Portfolio Armor, resulting in a 78% profit.
The profit from the options trade suggests a positive short-term impact on DLTR's stock price, although the article does not detail the specific signals for this trade.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Kroger was part of a successful call spread options trade by Portfolio Armor, resulting in a 39% profit.
The profit from the options trade suggests a positive short-term impact on KR's stock price, although the article does not detail the specific signals for this trade.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Snowflake was part of a successful call spread options trade by Portfolio Armor, resulting in a 106% profit.
The profit from the options trade suggests a positive short-term impact on SNOW's stock price, although the article does not detail the specific signals for this trade.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Ulta Beauty, Inc. was a bullish trade for Portfolio Armor, with strong social data and options sentiment signals contributing to a successful trade with a 106% profit on a call spread.
The positive outcome of the trade and the strong social data and options sentiment signals suggest a bullish short-term impact on ULTA's stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Farfetch Limited was a bearish trade for Portfolio Armor, with negative social data and options sentiment signals. The put spread trade resulted in a 68% profit.
The successful bearish trade and the negative social data and options sentiment signals suggest a bearish short-term impact on FTCH's stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90