Earning right on the corner 5/2/17 16days to go, and option traders are extremely bullish Put/Call ratio almost zone 0.029 but the ch?
Bought 3 FEYE JAN 19 2018 18.00 C on Friday Morning @ .97 I think I went a little aggressive on the strike price. Will be monitoring this today for a possible exit.
19.50 target by end of August. Plan to average up by adding shares on the dip. Three quarters of successful delivery by Mandia.
Falling away from its high. Who needs cybersecurity anyway? It doesn't matter if someone hacks your company (see EFX, FDX).
FEYE is almost always interesting. It's really liquid and never sits still, but has been very dependable between, say, 11 and 17. Priced low enough to really load up on shares or options contracts. I had more wins with FEYE than any single holding in 2017. Hoping for more of the same in 2018.
Heh heh, I'm not so much a prognosticator on FEYE as I am a believer in the long haul. When FEYE is under 14 or looks to be in a range and RSI and stochastics indicates oversold, I sell a bunch of out of the money puts, usually weeklies about 3 to 5 weeks out...because FEYE is so jittery the premiums are usually pretty juicy. I don't bother rolling them, if I get put a bunch of shares I just turnaround and sell calls against them, sometimes 2 or 3 months out to ensure I don't sell at a loss. I'd say about 70-80% expire worthless. I never get to buy at the bottom nor sell at the top, but the options generate a fair amount of income and overall this sleep-well-at-night method cultivated a good amount of green. I am currently short Puts and Long some calls. My puts (strike 12.5) expire this coming week. My calls are Jan 2019s @ strike 10 I bought last March (check that, I just pulled up my FEYE spreadsheet and bought the strike 10s in December 2016). I've sold 15 and 17 strike calls against them several times in 2017 and repurchase when FEYE drops a point or two. This slow uptrend pivoting off of 13.5 since mid-November is relatively new behavior for FEYE, so I'm on the sidelines with any new positions until I can sort out what to do. Friday's move with higher volume sure looks like it will close the gap next week. Maybe this will be my long entry on the weekly contest next week!
FEYE so far cooperating nicely for decent 2018 swing trades. Today sold another set of Jan 2019 17 strike calls covered by strike 10s purchased in late 2016. Good trading to all!
This is getting real interesting. Hoping it pulls back here. This has cause for an effect to $70. Weekly chart after Monday, Mar 5, 2018 close:
Challenging new 52wk highs, this stock is showing some good relative strength compare to the broader markets. I like looking for these kind of break outs.
FireEye pursues strategic acquisitions to drive growth. Most recently in January 2018, the company announced the acquisition of X15 Software with an aim to incorporate the latter’s Big Data platform to its security solutions against cyber attacks. X15 Software’s Big Data platform assists in collecting, retrieving and analyzing huge volumes of machine generated data in a scalable fashion in real time, per the press release. Hence, the buyout is anticipated to enhance FireEye’s abilities of managing security related data for better decision making, thereby helping its clients to counter the risks against them more effectively.
