I own ABNB and so been following the stock since 2020 and it is/had been very predictable and based on my knowledge I see no changes to management/the company coming.
I sell 5 CC on a weekly or bi-weekly basis for just above the stock price. My last trade a few days ago was for next Friday expiry at $120 with the stock price at $117. Premium collected $650.
Theres' been once I had to roll my option to the following week, and predictably, the stock went down and I option expired.
Any experienced traders care to offer input?
Posted by dannybooboo0
1 Comment
ABNB is a bad stock to do the wheel on…technicals and management dont matter if the fundamental ecenomics are not there.
ABNB use to be the choice of travelers becuase of the flexibility and low cost…that went away and cities are starting to tax ABNBs because in a way they cirumvate zoning specifically in residential zones to hotel activities.
hence the growth shrinking…if you own a tech stock that has declining growth ..well good luck