LC is another gopher burner. Laid low and a possible turn around story I have been keeping an eye on. Goldman is supposedly rolling out there own version of "crowd lending" to crush this upstart. LC has missed out on the financials rally and I would much rather buy it at 4 than 5.5 but if you believe the economy is going to continue to improve and interest rates are going up then I would say the risk/reward for this name could be good. Premium in the options is miniscule and the market maker move is +/- $1.60 all the way out to January 18. Earnings are on May 8 and may provide a down move in order to sell puts and initiate a position. Also wanted to try to duplicate the ATR trader study I used to like to look at to help me determine different levels.
Kommentera:
Actually my platform Tasty Works now says earnings are May 4.