SONO Reversal: Likely Return to $40+ After Open
Looking to see a run past $40 again for SONO. Much of the analysis presented in the graphs.
So long as we do not get bond yield jitters, this stock should be able to move past the (lighter now) $40 resistance level since it crossed it several times even yesterday despite closing below $40 yesterday (02/25).
I am very LONG ON Sonos. Own several hundred shares in equity (not planning on selling) and dozens of options positions that I day trade based on reversal signals, RSI, and profit-seeking behavior that day. Usually sell the more volatile, shorter-intermediate term contracts at high volume, high open interest, and ITM or near-ITM. Look to June $40 and $45 calls.
Also: hurray to my first post!
So long as we do not get bond yield jitters, this stock should be able to move past the (lighter now) $40 resistance level since it crossed it several times even yesterday despite closing below $40 yesterday (02/25).
I am very LONG ON Sonos. Own several hundred shares in equity (not planning on selling) and dozens of options positions that I day trade based on reversal signals, RSI, and profit-seeking behavior that day. Usually sell the more volatile, shorter-intermediate term contracts at high volume, high open interest, and ITM or near-ITM. Look to June $40 and $45 calls.
Also: hurray to my first post!
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