Party City Holdco Inc. stock trades under the ticker PRTY & closed at $5.07/share on 12/3/2020.
PRTY stock looks to have more room for growth in the near-term, which can be taken advantage of through common shares, or their options.
PRTY Stock Price: $5.07
10 Day Moving-Average: $4.41
50 Day Moving-Average: $2.94
200 Day Moving-Average: $1.80
RSI: 71
Today will likely be a bit of a risk off day, which will help their RSI go down to a more reasonable level that is less overbought.
With that in mind, short-term focused traders who want to use common shares of PRTY stock to profit from momentum may have an opportunity for entry today.
From an options standpoint, I like the $5 calls, and the $5.50 puts, as given that it’s Friday & there may be a risk-off day both are already in-the-money.
By having both you are protected to an extent from whatever movement that PRTY stock has today/Monday, depending on how long you want to hold them for.
*** I DO NOT OWN SHARES OF PRTY STOCK ***