Nutanix, Inc. NTNX – Fresh Options Idea
Today is figuring to be options heavy, with a few ideas jumping out to us here in the premarket this morning. NTNX, the first on our list, is currently exhibiting a chart setup that we’re constantly on the lookout for. We’ve got a stock rising up off of recent relative lows, with a massive gap to the upside, and a couple of our favorite buy indicators really standing out.
The RSI is attempting to come off of being egregiously oversold, while the MACD is rapidly converging toward an impending bullish cross. From the current juncture, a more pronounced rebound for NTNX looks imminent. We’re going to go ahead and signal the NTNX 05/19 $40-42.50 Calls to coincide with the present scenario.
More Fresh Ideas:
We also tirelessly look for earnings related options plays, and may have found a couple today, despite the current earnings calendar being a little on the light side.
MOMO Weekly $34.50-36 Calls
SFIX Weekly $33-35 Calls
DCAR. NKTR, TXMD, CRBP, BLIN, TROV