| This Trade Was Updated April 30, 2012 |
Rolled my options to the November month
Additive manufacturing is an up and coming technology and manufacturing process that has gained the investing world’s attention. 3D systems is one of 2 big players in this space and they are reporting earnings tomorrow. Looking at the stock chart, you can see that there has been tremendous buying pressure leading up to earnings. Easy to think that the stock could sell off after earnings, but this is a pretty high growth name, that is just starting to gain the attention of moms and pop. Also, the overall market is seemingly on stable ground heading into earnings (FOMC decision did not rock the market and Apple did not disappoint) so the environment is benign for individual earnings growth stories to take hold
Trade Details
- The Ticker: DDD
- Target Price: TBD per share
- The Trade
- Buy to Open Nov 2012 25 Calls at 5.80 or better
- Trade Opened: April 25, 2012
- Trade Modified: April 30, 2012
Chart courtesy Finviz. Click to open larger.
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