Pivotal Software Inc. PVTL
We’ve been quietly tracking this play for quite some time, and feel it’s just about ready to make a move. As you can see on the included chart, PVTL has sold off after recent earnings, and the stock has found support at a solid double-bottom in the $19-range.
You can also see that PVTL is approaching heavily oversold territory, and the MACD is converging sharply toward a bullish cross, not to mention a sizable gap to the upside. We’re going to want to have a range of options contracts on watch in the days and weeks ahead in the event that the rebound occurs which looks just about due at the present time.
Our targets will be the PVTL 10/19 $19-22 Calls.
Blackberry Ltd. BB
We also want to designate a pair of options contracts for the Blackberry chain this morning on the heels of the company’s Q2 profit beat.
We’ll be looking for a dip-and-rip scenario, which, if it occurs, should produce some significant gain opportunities in the BB Weekly $10 & $10.50 Calls.
ENPH, MRTX, DGLY, GERN, IGC, IMMP