$ADSK reports after the bell on Tuesday May 19th.
The stock has rallied post earnings 60% of the time over the last 5 years.
Price: $57.93
Expected Move: $3.15
Chart Bias: Up
Trend: Up
Historical reaction:
Chart:
Estimates (from Estimize.com)
Option Chain (June and July Contracts)
Comments and Risk:
$ADKS is still in the midst of a strong breakout that began in the middle of 2013. It remains in the confines of an ascending channel. This earnings report could send it toward the topside of the channel, and ultimately near or above new all time record highs. The market is looking for an almost 5% move. I will be looking to open some $62.50 June calls in anticipation of a positive reaction post earnings.
June $62.50 calls $.62
A break-even of $63.12. With these being June options there are many weeks until expiration giving this trade time to work out.
big collapse on outlook, modest recovery to almost even