Trade · STW
GFS
GlobalFoundries
44.73
-1.61 · -3.5%
Plan
- Cut
- Weekly close below $44.40. Then cut.
- Target
- If 100-week holds: 50 then 55 into Nov 11.
- Add
- No add.
- 1× Jan $55C @ $9.70, $970. Spot 45.92. 100-week 44.43.
- Cut: weekly close below $44.40. Not the old $46.40.
- Holds → Nov 11. Loses it → gone.
The take
Special. 100-week ~$44.43. Weekly close under $44.40 — cut. Holds it — Nov 11.
Old $46.40 is dead. One lot, $970. Don’t add.
Expression
- 1× Jan ’27 $55C @ $9.7 · 10.3 OTM
$970 cost · 89d
Tape
- 20-day49.65 below
- 50-day59.84 below
- 200-day53.02 below
Stop
Weekly close below $44.40 (100-week)
Already through the old $46.40. 100-week ~$44.43. Lotto size. Let the weekly decide.
Outlook
- Q3 earnings (est.)11 Nov · before expiry
- CHIPS $300M SiPh LOIOpen · before expiry
100-week $44.40. Holds → Nov 11. Loses it → cut.
News
Quiet on this name.