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u/SmanSman234
22 hours ago
INOD strategy Calls
INOD was lackluster after earnings.
Earnings were above expectations and should have kicked the price up.
An announcement that the CEO will step down to Executive Chairman. He is 65 and been with the company since 1997. No surprise he wants to retire. His successor is not a Schlub off the street, but a 7 year colleague highly professional from IBM and to INOD in high level strategic positions Chief Revenue Officer and currently President, so a no brainer he would be picked.
Also investors spooked over some insider selling. The sales were planned and filed months ago, some for profit taking some for tax lots, these guys have to pay taxes like every one else.
The only real negative was a shelf filing giving the right to issue shares at a later date.
Still holding positions acquired last year and some this year.
Based on New CEO, his credentials are good moving up at INOD through executive positions and has strategic input on current AI strategies, so expecting his leadership to continue with revenue growth.
Analyzed pattern of insider selling. No different than most companies, executives wanting to get paid and pay taxes.
INOD continues trend of increasing revenue, reiterated their guidance.
Thier customer base, the magnificent 7, increased revenues, INOD should continue to generate high profits.
Based on this data placing 100 strike calls January 2027, and 120 strike January 2028.
Plan when enough time decay of 70% occurs buy back re-evaluate and sell or place new Calls.