Someone asked me about this a couple of weeks ago...
Last time they had crap earnings people started bailing out 4 days before the next earnings. Buying puts at close tomorrow, will roll into a lower strike on Momday if this pans out, if not I'm holding the puts through earnings.
This is strictly a timing call. Also I expect earnings to be crappy. If you're optimistic, buy some calls.
Last time they had crap earnings people started bailing out 4 days before the next earnings. Buying puts at close tomorrow, will roll into a lower strike on Momday if this pans out, if not I'm holding the puts through earnings.
This is strictly a timing call. Also I expect earnings to be crappy. If you're optimistic, buy some calls.
Note
Be warned, expectations are low this time so earnings might suck and they could still go up just like JPM did today.Trade active
Doesn't look like it's going up today so I bought the putsNote
Closing the puts tomorrow. THey'll probably re-affirm dividends even after paying $34B for Redhat. Long term chart indicates that this is a bottom and it will probably bounce up.Trade closed manually
Flipped the puts this morning for a small profit as I mentioned last night. This is not a good market to short anything right now. Wait until the Fed meeting, and even then it depends on what they say. Watch the dot plot.
Disclaimer
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.
Disclaimer
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.