Similar to most equities, HPQ experienced a correction in Mid Aug, bringing an influx of Demand.
In Mid Sept, we saw some Supply enter the market, halting the prior rally. The downtrend after did not see much Accumulation, however, the bias should still remain long so long as the bottom holds.
We've retested the Supply level and did not see Supply where it once showed it's hand.
Coupled with the fact that the the IVR on HPQ Options are at 80%, bull put spreads appear ideal.
Max ROE of 25%, expecting at least 13-15% in 2-3 weeks.
In Mid Sept, we saw some Supply enter the market, halting the prior rally. The downtrend after did not see much Accumulation, however, the bias should still remain long so long as the bottom holds.
We've retested the Supply level and did not see Supply where it once showed it's hand.
Coupled with the fact that the the IVR on HPQ Options are at 80%, bull put spreads appear ideal.
Max ROE of 25%, expecting at least 13-15% in 2-3 weeks.