Carrier Global Stock Looks Ready to Roar Higher

There is plenty of room for upgrades amongst the brokerage bunch, too

Nov 2, 2021 at 11:59 AM
facebook X logo linkedin

Carrier Global Corp (NYSE:CARR) has enjoyed quite a run since spinning off of United Technologies (RTX) in early April. The 100-day moving average has provided long-term support on the charts as well. This positive price action has CARR up 38% year-to-date, and posting a 53.5% year-over-year gain.


An unwinding of pessimism in the options pits could provide tailwinds. Three of the top four open interest positions are puts. Plus, the stock's 10-day put/call volume ratio of 1.00 at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) sits in the 86th percentile of its annual range.
There is plenty of room for upgrades amongst the brokerage bunch, too. Of the 15 analysts in coverage, eight still carry a tepid "hold" rating on Carrier Global stock.
Since the company recently reported earnings, CARR's implied volatility (IV) should decline into next week. Our recommended call has a leverage ratio of 7.2 and will double on a 14.1% pop in the underlying shares.

Subscribers to Schaeffer's Weekend Trader options recommendation service received this CARR commentary on Sunday night, along with a detailed options trade recommendation -- including complete entry and exit parameters. Learn more about why Weekend Trader is one of our most popular options trading services.

Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI