No qualifying author-owned investment thesis was confirmed in this post.
The author explicitly labels the idea as a 'watch' and asks for other ideas, failing to express a definitive directional investment judgment.
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Hi, currently trying to remove myself from short term options, started wheel strategy, but saw using premiums to buy leaps or swing trade could be good idea.
The first idea I’ve got right now is Trade desk, P/E ratio is very low around 20, over 1 billion in cash, low debt to asset ratio, and growing revenue.
Obviously taking a beating with ad competition from Amazon, and software stocks have been pummeled because of AI fears.
Wondering what other beaten down stocks could be good for leaps/swing trades.
Further context, I’m wheeling Iren, Hood, Sofi, amd, Amazon to name a few.