$PBR LEAP

Mar 12, 2018

PBR looks like a LEAP opportunity on a cup-and-handle and Elliott Wave play. $20 strike target for Jan 2019. Don't rush entry yet as Earnings in 3 days (unless you want to gamble but WTI has been dropping recently, although finding support). I am looking to get into this after seeing how the earnings play out.

Mar 16, 2018

Note

Decided to just build a common position in PBR instead of LEAPs as I didn't like the premium cost posted. I might jump into LEAPs in a week or two.