Aug. 28 at 12:01 AM
$PATH Tomorrow up or down? RSI highest its been - last time it hit this high was the run up over
$16.50 on a Thursday then pullback to
$16 on the Friday opex.
I could see it keep running if shorts go for the exits .. or maybe they also want to see earnings? Risky, but it's much more reasonably valued here than it was at
$10 or
$12, I still think its cheap but it is actually trading above 20x this years adjusted earnings projections now. A blowout earnings and guidance raise could change that though - which at some point I think will happen even if not next week :)!
Blessings! Earnings information / price action could dictate not even writing covered calls far out - make sure you lock down a core position while the story remains unchanged.
The
$37 strike january calls went almost to .40 today.
