Alteryx is a great data saas company that puts data analysis in the hands of non-programmers rather than DBA's and developers. Product itself is great and a simple click and drag way to do data analysis. Keybanc (who previously downgraded them) recently upgraded them 05/21 Abidel Capital Management bought 190k shares in the past week ~ $6,000,000 -Technically back at support and still on a long term uptrend -Falling wedge from top to previous support -On Balance Volume looks good and rising I like the company long term so here's my play: Sold some November $30 puts (with the intention to possibly buy) for ~$4 -If stock is below $30 before November exp, my cost would be $26 a share -If it goes up from here I keep the $400 per contract
I like this setup a lot, nice find @MarkITRight! Will probably take a shot on this one if I can get a dip below $32 in the next day or two.
Great move in this and it corrected today on no news (overall tech sector weakness) with decent volume Down close to 5% Watching and trading this up tomorrow if technology looks strong and the bounce off the 5 day MA is confirmed If not going, going to wait for it to come down to $35 and then look to get in Cheers
