CHWY has a D/4h/2h/1h squeeze and earnings coming up on 12/14. CHWY has done really well in terms of a run up into earnings. I entered into this trade at around $63 on Monday in mind that we hit $71.87 PM. We got really close to $75 the last pre-earnings run and with COVID-19 lockdowns this year and nothing lightening up, I see the overall outlook for the last quarter as positive. We've held the daily cloud and the trend has been very bullish.
Still holding target of $75 for earnings. COVID stocks picked up today and fired 1h squeeze, my position closed today around +40% (unrealized)
Made a nice move today with a lot of COVID stocks popping with Canada spiking with cases again and CA going into shut down today, NYC closing schools, etc. Locked in 60% gains and lighten up for the weekend.
|2020-11-16 15:25:45||DEC18 20 75 CALL||buy||$1.910||long|
|2020-11-20 13:21:52||DEC18 20 75 CALL||sell||$3.050||0|
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