I'm doing crappy on earnings predictions this quarter, but giving this a shot because it'll move big in one direction or the other. In fact I think you can play a straddle on this and make money.
In any case I went long before the pre-earnings pump.
In any case I went long before the pre-earnings pump.
Note
I dumped my $100 calls and bought a smaller position in $102 calls for earnings just to be safe and reduce my risks.Remember, earnings plays with options is pretty much an all or nothing deal, complete crap shoot.
Note
Still holding those $102 calls, now ITM, just need this thing to gap up more than $2 tomorrow.Chart pattern and sentiment look good, target is $112 on the chart read, but earnings is till a crap shoot.
I plan on dumping at open tomorrow regardless. Market is overbought on my charts, so not gonna sticks around to see which way it follows through.
Trade closed manually
It might fill the gap... or not. Regardless, I flipped my calls here so while they're worth some money so at least I'm even on this trade.Note
LOL, I guess I should have bought some puts when I flipped my calls, that was almost perfect timing. I figured there's not enough short interest to get a proper gap fill, and it would give up all of the pre-earnings runup.FTNT and DLTR both beat bigly and tanked. I think I'm done with earnings plays, will play just the pre-earnings runup from here out.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.