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APP
Benzinga
202 days

This App Ad Stock Could Soar After Earnings

1. APP anticipates a significant price move post-earnings on February 12. 2. Traders are setting up a double butterfly strategy to profit from volatility. 3. Resistance is noted around $400 with support near $300 for APP. 4. The maximum profit for the long call butterfly is $17.90 after expenses. 5. Trade exit strategies include selling after earnings or reaching profit targets.

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FAQ

Why Bullish?

The projected volatility and significant price ranges suggest upward potential. Past earnings often lead to notable price changes.

How important is it?

The article discusses strategies directly involving APP's upcoming earnings, influencing potential price movements.

Why Short Term?

The impact is contingent on the February 12 earnings report. Previous earnings have caused rapid price movements.

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