$ADSK – AutoDesk Earnings Breakdown

$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:


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.



Known to most as Uranium Pinto Beans, Jason has more than 15 years under his belt of trading stocks, options and currencies. His expertise primarily lies in chart analysis, and he has a strong eye for undervalued stock. Because he’s got the ability to identify great risk/reward trades he usually enjoys taking the path less traveled and reaping the benefits from the adventure.

He is a co-founder of Option Millionaires, and he is best known for his weekly webinars with Scott, as well as his high level training webinars and charts found in the forums.

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