Description: I'm a major fan of Costco, even though I'm a Sam's Club Subscriber personally. I'm comfortable saying go LONG on COST, as they've been an amazing player in the Pandemic. Their membership program is expected to jump drastically.
I fully expect my DOA sniper to fire on Monday, though I am concerned that the current price is below 9/21/50 EMA we're still above 200 EMA which is great news.
This is an Earnings Swing play, as always play earnings CAREFULLY as it's ONLY a 50% chance to hit.
"SAFE" PLAY: 02OCT21 342.5/345C (Debit Spread) 38% POP "RISK-ier" PLAY: 02OCT21 350/355C (Debit Spread)27% POP "RISK-est" PLAY: 25SEP21 340C (Single Leg) 29% POP
I would stay very Risk Managed as Earnings have been kind of crazy the last month.
Let me know in the comments if you interested in seeing some Credit Spreads Ideas. Way riskier of assignment, but WAY higher POP every time!