Updated

COST Earnings

I think this is going to move big in one direction or the other. Guessing down, but i could be wrong.

Obvious double top.

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Make that a quadruple top, lol. You get my point, it;s at resistance

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If earnings were based on chart patterns this looks good, but it's not, lol.

I think there's a good potential for sell the news even if they beat like NVDA. It's more about guidance anyways, see BJ and DLTR.

You only lose half your money if it doesn't move with 387.5 puts. I like this play because the premium is cheap.

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EOD action tells me they're gonna beat, but it's a matter of if people buy or sell the news....

Just one contract

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Stupid EOD pump kinda ruined everything, down $3 AH. Double average volume today, so hopefully those idiots sell tomorrow, and we can make a profit instead of just breaking even.

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$381 gap fill is a possibility, not sure if it goes any further than that

Trade closed manually

I doubled up on open and flipped at -$9. Expected movement based on option pricing was only 2.3% so we're there already.

Could go down more, but I figured it was easier to double up and unload early. Pre-market prices were propped up by algos buying because the market gapped up.

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With the market being so pumptarded, there's a chance it can form a hammer today, market always goes up Friday afternoons.

In any case, it's a win. Took a little more work to get my grand, but it was there.

I think I'm 5 for 6 on earnings this quarter, missed on ROST because of buyback. Should've bought ULTA calls yesterday too, that was obvious but I thought the premiums were too high compared to COST

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With the market being really bullish on retail, I'm not sure it'll hit my target. Done watching this. have fun.

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It would appear that the panic sell is over, would've been funny if I had bought calls there at -$10, lol.

I think it's all the afternoon pumpers that sold. Volume was ridiculous in the last 15 minutes yesterday, was kinda pissed at the last $2.5 move up, but who cares now.

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Headed to $385 which is the options balance point, lol.

It's also where it was AH yesterday and premarket today.

hungry_hippo

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hungry_hippo