Showing posts with label buyback. Show all posts
Showing posts with label buyback. Show all posts

Friday, April 24, 2020

AIG Call Option $25 Strike May15

AIG Call Option to buy at $25 Strike with Expiration May 15th, for total cost $95.

Reasons for buying this Call are coming earnings on May 8th , tight trading range, good technical base, stock is oversold, gap around $30, possible recent buyback which could affect earnings on plus.

Cons: overall market looks bearish, current  Covid 19 lock down will affect rest of the year with shrinking revenues and earnings in multiple sectors,.... but this bearish sentiment could also mean high short interest in the market, which could prevent stocks to go south any time soon.

Neutral observations: High institutional ownership at 93.4 %, Low short interest at 1.64 %

This transaction was Open on Friday 4/24/2020

 charts by Bigcharts.com

Picture by MarketChameleon.com