Unusual Options Volume SKLZ $20 APR 30 Call

Apr 27, 2021

SKLZ earnings date is May 04 2021

Earnings run up and break of down trend. Stock moved with increasing volume today. Possible break of trend into run up for the earnings with good possible upside if it holds at current levels.

April $20 Calls Lots of volume today 9,000+ contracts traded. Heavy open interest on May 21 $20 thru $35 strike calls indicating more up side.

Consider 21 May options calls above 21.50.

Down trend channel break $18.11
Trigger $21.50
Target 23.50, 24.57 resistance, stretch target 27.50
Wide SL close below $17.00
Close contract before ER to be on the safe side.