Hello Marty,
How do you plan to handle the UPST report after the close! I see what you are seeing on the weekly, but the options (calls) are out of control expensive. I don't own currently but want to looks perhaps like a buyable gap up after EPS?
Thank you,
JR
JR
UPST is selling off in after hours after a decent report. I believe we have seen the short term top for this stock ($401.49), and a reminder of why earnings are so darn dangerous.
There are many other stocks to focus on, and UPST will need to form a legitimate base now. The stock closed right at its 50sma and is down 20% in after hours action. This one is radioactive.
The worst day in its short history is down 28% and with the 5% stop-loss we needed a 33% cushion to hold this stock into its earnings report.
Have a good evening!
Regards,
Marty
