Papa John's Set To Recover
PZZA fell on Wednesday after news that a major bidder, Trian Fund Management LP, is no longer pursuing the company.
This follows a long rally for the stock, despite a broad market sell off. I think we'll see some consolidation here followed a modest gain as more news and bidders come into the picture.
I entered long at 47.87 here, with a strangle at DEC21 expiration.
DEC 21, 52.5C, 47.5P
Options Chart:
twitter.com/micahdonovick/status/1068173860976111617
This follows a long rally for the stock, despite a broad market sell off. I think we'll see some consolidation here followed a modest gain as more news and bidders come into the picture.
I entered long at 47.87 here, with a strangle at DEC21 expiration.
DEC 21, 52.5C, 47.5P
Options Chart:
twitter.com/micahdonovick/status/1068173860976111617
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.