TopOptionAlert
Oct 24, 12:41 AM
$MA NOV20 640C · still actionable
Zone:
$619 to
$628
Invalidation: close under
$610
Objectives:
$660, then
$700
The math: up 5.8% to the first objective and 12.3% to the second, against 2.2% risked to the invalidation, better than 5 to 1 to the second.
Friend, let me paint the picture. Mastercard moves money for half the planet, and this Thursday, October 29, it reports earnings with the stock sitting right under its record high. When a leader runs into its own report looking this healthy, money usually wants a seat before the news, not after it. This is a swing read: a calm name with room to the next round numbers into the report, and a clean line under
$610 where the idea is simply wrong.
P.S. Earnings hit October 29 before the open, and the street expects
$5.16 a share; the last report beat by 27 cents.
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