TopOptionAlert
Oct 23, 12:33 PM
$ABNB NOV6 180C · still actionable
Zone:
$173.50 to
$175.90
Invalidation: close under
$171.50
Objectives:
$179, then
$193
The math: up 2.5% to the first objective and 10.5% to the second, against 1.8% risk on the invalidation, better than 5 to 1 to the second.
Dear friend, here is the setup. Airbnb is in a steady climb and the November 5 earnings report is the next big moment on the calendar, so a swing call into that report is the honest read here. The stock bounced off the 170 area this month and has held every dip since, which is what a healthy chart looks like when buyers keep showing up. You are paying for two weeks of patience, and if the number lands well the shares have a clear road up to the 179 line and then the old August high near 193. What is the risk? A daily close back under 171.50 says the buyers stepped away and the idea is wrong.
P.S. Earnings land November 5 after the close, so this contract wakes up the very next morning.
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