A Curated Platform of Equity & Options Market Intelligence
Select Page

Member Content

Infrastructure Software Name Nearing Large Breakout to Highs

by | Nov 29, 2023

Bentley Systems (BSY) shares of the infrastructure software name are nearing a breakout of a 6-month range and above the monthly value area highs near 53 with a lot of open space above here for a move to 58 where an untested VPOC sits overhead. BSY is up over 40% YTD and seeing double digit sales growth into the next few years. A name that likely can see a bigger breakout from here as the weekly chart is sporting a big cup and handle pattern that would point to a retest of the 2021 highs near 70 in due time. BSY does not see much options action but recently on 11/14 saw a rare notable opening put seller of 1700 May $45 puts sold for $1.99 and still holding in OI.

 

Not a Member yet?
Subscribe to
OptionsHawk Premium
Subscribe

Options Hawk Max

$300 | 30 days

  • Options Hawk Trading Hub Live Chat
  • Hawk’s Market Blitz
  • Spotlight Trades (2 Per Week)
  • Market Recap
  • Weekly Earnings Snapshots
  • Live Mock Portfolio
  • 1 on 1 Access
  • Hawk’s Trader Toolbox
  • Street Research
  • OptionsHawk Research
  • Daily Options Radar
  • OptionHawk’s Weekly Radar Report
  • Options Hawk Market Outlook Access
  • Daily Earnings Grid
  • Weekly and Monthly OpEx Sheets
  • Notable Options Database
  • OptionsHawk Quarterly Market Brief

More About this Plan

Options Hawk Elite

$149 | 30 days

  • Hawk’s Market Blitz
  • Spotlight Trades (2 Per Week)
  • Market Recap
  • Weekly Earnings Snapshots
  • OptionsHawk Research
  • Daily Options Radar
  • OptionHawk’s Weekly Radar Report
  • Options Hawk Market Outlook Access
  • Daily Earnings Grid
  • OptionsHawk Quarterly Market Brief

More About this Plan