LOTTERY TRADES - 6/5/2023 SMTC and UNFI and CVGW

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IV CRUSH IV CRUSH IV CRUSH IV CRUSH IV CRUSH

THESIS:

I looked at the history of these companies when announcing earnings. Could they beat? yup. If they do? I lose it all. If they do what they have done the last 3 times, then I make $$$$.

So, SMALL SMALL SMALL size I will be doing.

The charts:

UNFI

SMTC

CVGW

THE TRADES:

UNFI: Earnings 6/7 before market open

3 out of 3 past times it has dropped. Plus they are in the organic food business. Food costs are up bc of production costs. Sugar is waaay up. This one to me is a 4 out of 4 on the MRNA back of napkin scoring system.

UNFI Options:

CONTRACT: June 22.5Puts for .30 or better

EXP MOVE: -5

IV Crush: -50%

EXP Value: .65 or 116% gain

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SMTC: Earnings 6/7 after market close

Semtech makes surge protectors. They mention AI and might be a total loss. BUT, 2 out of last 3 times they have dropped and the 3rd they moved sideways. Oddly, they beat each time also. New CEO is coming in but not there yet. 3 out of 5 MRNA score.

SMTC Options:

CONTRACT: June 20Puts for .60 or better

EXP MOVE: -5

IV Crush: -50%

EXP Value: 2.4 or 400% gain

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CVGW: Earnings 6/6 after market close

Calavo imports Avocados and other fresh veggies. They also do the prepared snacks. Avocado imports from Mexico expected to be up 16% this year which puts pricing pressure down. Last quarter they showed a drop in earnings and revs,

CVGW Options:

CONTRACT: June 30Puts for .65 or better

EXP MOVE: -5

IV Crush: -50%

EXP Value: 1.6 or 127% gain

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This is not investment advice. Nothing in this document should be construed as investment advice. The opinions offered are the Author's only. This document is for entertainment purposes only. Always consult with your advisors before investing any money. Readers of this document agree that they will not use this information to make investment decisions.

DO ATTEMPT TO FOLLOW THE AUTHOR'S INVESTMENT, IF ANY. THE AUTHOR MAY OR MAY NOT INVEST IN ANY COMPANIES LISTED IN THIS DOCUMENT. THE AUTHOR IS NOT A REGISTERED INVESTMENT ADVISOR AND DOES NOT HOLD THEMSELVES OUT AS ONE. THE AUTHOR IS NOT A REGISTERED REPRESENTATIVE AND DOES NOT HOLD THEMSELVES OUT AS ONE.

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