AMRX Biotech earnings Today LONGAMRX is a penny biotechnology stock with earnings out on the Friday the 4th.
As you can see on the 15 minute chart, it took off out of consolidation on
Wednesday afternoon in a burst of price volume and volatility into an
ascending parallel channel.
I will buy the stock in the pre-market attempting to exploit the momentum
going into earnings. If there is a miss, I will quickly liquidate and instead
buy put options expiring on 8/18 striking $ 5 and get as many as 100 of
them. This will be a highly risky trade albeit with a comparable reward.
I will position to 0.05% of my account cash balance and no more.
Earningsplay
FSLY Fastly Options Ahead of EarningsIf you haven`t sold FSLY Head and Shoulders bearish Chart Pattern here:
Then analyzing the options chain and the chart patterns of FSLY Fastly prior to the earnings report this week,
I would consider purchasing the $17.50 strike price Calls with
an expiration date of2023-9-15,
for a premium of approximately $1.97.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
SQ Earning Analysis|Aug 3rd 2023SQ ER analysis is here. I am bullish. Please understand the process of rice which has been clearly explained in the analysis.
NOTE:DO NOT TRADE OPTIONS
PYPL PayPal Holdings Options Ahead of EarningsIf you haven`t sold when ARK did:
or when the CFO left for WMT:
or reentered this dip:
Then analyzing the options chain and the chart patterns of CAT Caterpillar prior to the earnings report this week,
I would consider purchasing the 73usd strike price at the money Calls with
an expiration date of 2023-8-25,
for a premium of approximately $4.35.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
Massive Falling Wedge Headed Into EarningsAlways keep an eye on LAC, however, I've never seen it hold within a falling wedge for as long as it has, while heading into earnings. LAC is still holding the same massive falling wedge on the daily and weekly timeframes. LAC has a nice double bottom and MACD golden cross on the daily timeframe, accompanied by a bullish cypher harmonic pattern. Bullish and will be looking for a breakout from this wedge (Broader Market Conditions Permitting)- Just some support and resistance levels to keep an eye on along with some RSI-based supply and demand zones in the meantime -- Price Targets & Previous Charts Attached In Description --
PT1- $20.81
PT2- $21.67
PT3- $22.54
PT4- $23.78
--Weekly Timeframe--
-- Previously Charted--
SOFI vwap crossover earnings 2 days LONGOn Friday the 28th SOFI had a good day. I am looking for more of the same going
into earnings. It dropped through the middle VWAP bands and remarkably rebounded.
Great volatility to be exploited. Some consolidation at the +1 Standard Deviation band
is normal and healthy. SOFI as a financial technology has been honing its margins
in a challenging environment. I see a long trade here and will take it being careful
to take profits quickly and pay attention to the earnings release. A stock trade on an
the intraday basis is considered. A 1 % stop loss is good enough since price is sitting on
dynamic support. The target is 10.0, the pivot high of mid-July, This is 2.5% for a modest
quick trade with a risk of 1 for a reward of 2.5. Just a basic trade at a good entry.
CFLT Confluent Options Ahead of EarningsAnalyzing the options chain and the chart patterns of CFLT Confluent prior to the earnings report this week,
I would consider purchasing the 45usd strike price Calls with
an expiration date of 2024-4-19,
for a premium of approximately $4.35.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
FUBOTV moves before earnings LONGWith upcoming earnings on August 4th, as shown on the @H chart, FUBO is moving.
The set of three EMAs (35/70/280) show an impending crossover the longest EMA
and a golden cross between the other two has already occurred. The MACD demonstrates
the bullish momentum. The dual time frame RSI has the low/green line crossing the 50
level from well below it and then the high/ black line in the 60 range another confirmation
of bullish trend strength. I can appreciate that other traders are anticipating a bit of
a jump in the event of an earnings beat. I will join that group. The target is the level of
the double top of mid-July. The stop loss is the level of the golden cross of the EMAs.
An identified options trade is the strike of $ 3 expiring 8/11.
OPEN OpenDoor a Penny Real Estate LONGOPEN has earnings upcoming on 8/3. An analysis of the 4H chart with overlays shows
bullish momentum in the set of zero lag EMA lines as well as upgoing anchored VWAP
landlines. Price crossed over the mean VWAP ( thin black) and the POC line of the
volume profile one month ago. The MACD shows bullish momentum since July 24th.
The dual RSI indicator shows the low time frame green line rising and then crossing the
steady higher black time frame line the past trading day and both being at the 60
level.
OPEN is a long trade setup with earnings around the corner. I will take it.
SBUX upcoming earnings opportunity LONGSBUX fell going into earnings in early May and continued down all of May then pivoting
into a slow climb on this 2H chart through the lower anchored VWAP bands until the present
where it is about to cross the mean VWAP lines as signaled by an engulfing green bar after a
Doji. The dual time frame RSI lines have both near the 50 levels with the lower in green
slightly above the higher in black. I see SBUX rising in the earning upcoming this week.
The target is the ascending trendline in black at about 104 for a quick 2.5% ROI in 2 days.
I will play this with some call options contracts striking 102 expiring August 11th. I will take
half of them off with a 50% unrealized profit and let the remainder run until 8/9 to avoid
acceleration of time decay.
DASH a quick play on earnings LONGDASH has earnings upcoming in two trading days. Since the last earnings three months
ago, on the 4H chart, DASH looks to be very healthy and decidedly bullish. The nearly
continuous MACD lines above the histogram say it all. The PVT shows occasional pullbacks
of the price volume product which are the ideal entries for a long-term swing trader or
investor. Earnings could beat or disappoint seemingly a beat is more likely. Price just completed
a mini pullback and resumed the trend. The " upper Bollinger band walk" is highly
bullish. I see a long trade of perhaps 5% upside with little risk. An options trade with
5 days DTE expiring 8/4 could have far more significant profit carefully constructed to
limit risk with relatively wider stop loss. Good luck to all who elect to take this trade.
PG The Procter & Gamble Company Options Ahead of EarningsAnalyzing the options chain and the chart patterns of PG The Procter & Gamble prior to the earnings report this week,
I would consider purchasing the $152.5 strike price Calls with
an expiration date of 2023-8-4,
for a premium of approximately $2.97.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
Is the SNAP Sell Off overreaction a Reversal Setup?Yes, I think that it is. On the 15-minute chart, the price action of the post-earnings
drop is seen The earnings beat the analysts. Price has started a low momentum
recovery. The dual time frame RSI shows the low/blue line RS rising above the
high/black line. SNAP is in the deep oversold and undervalued territory in the area
of the lowermost intermediate-term anchored VWAP lines. The mass index indicator
triggered a reversal in the pre-market hours today. I will take a cautious long trade
here expecting a price appreciation to 11.8 at or below the mean black VWAP.or about
10%.
Can CMG recover from the post earnings drop?CMG had earnings today which were a beat but apparently less than expectations
of investors and traders. On the 15-minute chart, the indicators support a reversal
with a bounce on the dual time frame RS lines showing a bit of bullish divergence.
Decelerating bearish momentum on the MACD with lines converging under the histogram
suggests a reversal is impending. Further, the mass index indicator is in the reversal
zone but not yet triggering the signal with a drop below the zone. I will take a
long trade of CMG. They say trade what you know, My local CMG is always buzy and
a love either food. I believe that CMG is ready to give me a big rebate on my
patronage. I will take a call option expiring 8/18 striking $2100. I expect to realize
a large profit having done a similar trade on CMG more than once in the past. The expected
premium of $7300 will be about $700 of risk given a stop =loss but I expect a reward
of 4-6 times that if not more.
BA after earnings pop. Will it drop?Boeing had a big pop from very favorable earnings today. So far there has
not been a fade or retracement. The relative strength lines however topped
out and then retreated a bit signaling bearish divergence with the lower TF
below the higher black TF line. Likewise,
the MACD indicator is showing a line cross above the histogram whose
amplitude has dropped to zero then changed to red / negative.
Lastly, the mass index indicator shows a rise above the reversal zone
then with a trigger signal in dropping below the zone.
I conclude that BA over-extended and is now setup for a short trade which
could be either stocks or a put option. For the stock the stop loss is 232
the swing high and the target is 223.25 at the mean VWAP line. If price can
cross under that line, the target for the remaining runners will be 217 just
above a lower VWAP line. I will buy the strike $225 expiring 8/4 to potentially
exploit this expected quick retracement.
Macys ( M ) Pre-earnings LongAs can be seen on the 2H chart, Macy's last earnings on June 5th was afavorble beat
resulting in first an uptrend and then a sideways price movement for a month and
a half. Earnings are expected on 8/22/23. Price has had dynamic support at the mean VWAP
anchored in April while the dynamic resistance has been two standard deviations above that
represented by the thin red line. Price is currently midway between resistance and support.
Additional support is the POC line ( with the highest trading volumes ) of the volume profile
beginning at the prior earnings date. Overall I see this as an opportunity to take an options
trade with an expiration a couple of weeks after expected earnings to strike the thin red line
of dynamic resistance at 17 expiring September 1st. Depending on price action in the days
leading up to earnings I may take off half the contracts if they are in decent profit while
letting the other half run through the post earnings period figuring that M could repeat
and jump after earnings.
SNAP Options Ahead of EarningsIf you haven`t sold SNAP here:
or ahead of the previous earnings:
Then analyzing the options chain and chart patterns of SNAP prior to the earnings report this week,
I would consider purchasing the 13usd strike price Calls with
an expiration date of 2023-7-28,
for a premium of approximately $1.34.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
Stock Market Logic Series #6Use earnings reports to your advantage.
As I discussed in previous ideas, the big money at any given time will be entering the market or getting out of the market. Never both.
When the earnings report is good, and the stock falls down => big money used it as a good advertisement to get out.
When the earnings report is bad, and the stock goes up => big money used it as a bad advertisement to scare other people to sell him their shares, thus he gets it.
This is the logic, and this is what you would have done if you had a lot of shares to buy and sell.
Trading is a business and as such it has the same functions as regular business.
The beautiful thing about the earning of the BIG CAP stocks, is that they give you a very high probability of direction to the market indexes. This is a situation where you "know" the market is going to move a certain way. Most of the stocks will follow the index direction.
This gives you a very very good day trade opportunity.
TSLA is a big cap, so any move of her, will directly effect the indexes.
This is why it is important to be aware of the BIG CAP earnings reports.
If you monitor those earnings you will see that you can gauge with very good accuracy and confidence what the market will do on a specific day. And milk the market using a day trade technique.
I attach to you how the earnings report of TSLA which created a gap down.
Pulled all the other stocks down also.
This is not a coincidence...
Your thought process is:
- earnings report of BIG cap is out
- This will pull the market to certain direction and bias
- I "know" the bias with confidence
- Odds are in my favor this day :)
- Day trade
See the strong DOWN bias of all the stocks...
Moral of the story: You should be AWARE to the BIG CAP earnings report. It makes or breaks your day...
BAC Bank of America Corporation Options Ahead of EarningsIf you haven`t bought BAC here:
Then analyzing the options chain of BAC Bank of America Corporation prior to the earnings report this week,
I would consider purchasing the 30usd strike price Calls with
an expiration date of 2023-9-15,
for a premium of approximately $0.83.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
Can VZ reverse with earnings coming up?VZ on the 2H chart has been in a trend down since July 5 and the fall is accelerating
in the past three trading days. Earnings are a week away. The dual time frame RSI
indicator shows the weakness with RS in the oversold and undervalued zone while
the zero-lag MACD shows hard bearish momentum. Relative selling volumes are
about 3X the mean. Overall considering that price is now three standard deviations
below the mean anchored VWAPs set in March and April I believe that price is now
at or near the bottom. Accordingly I will watch for signs of a reversal on a 30-60
minute time frame from which to consider a long entry. the upcoming earnings
could increase volatility and potential profits if VZW can rally some trader interest.
ABT Abbott Laboratories Options Ahead of EarningsIf you haven`t bought ABT here:
Then analyzing the options chain of ABT Abbott Laboratories prior to the earnings report this week,
I would consider purchasing the 108usd strike price in the money Puts with
an expiration date of 7/21/2023,
for a premium of approximately $2.55.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
LMT Looks BULLISHWith earnings coming up lockheed martin remains bullish and seems to have broke toward the upside out of consolidation. My immediate PT was for it to close gap at least around 475 area.
If LMT has a great earnings this can possibly test next resistance at 480 as its still trading and trending up.
Trade Responsible,
#TradeTheWave 🏄🏽♂️🌊
Lockheed Martin Closing Gap?Lockheed martin earnings play. This stock has my interest with multiple contracts with the government and missing 1 of the last 5 earnings.
Lockheed is no stranger to getting multiple contracts. A lot of constant contracts coming in with government agencies and commercial airlines.
For a month it has been consolidating jun-jul and recently broke out of consolidation.
coming up on earnings July 18th with price targets ranging from 498 to 579 and a strong out look from 1- 5 out of 5 its sitting at a 5 for earnings beat from Earnings whispers.
Im Bullish looking for at least a gap fill at $475
Trade responsible,
#TradeTheWave
