Amazon Reports earnings tomorrow after the bell. Reporting at the end of the week opens the door for somewhat cheaper weekly option prices. But lets say the obvious, $AMZN options right now are priced through the roof. The market is pricing in an over $20 move.
$AMZN options have worked out great in the past. But it is a lot more profitable trading for a move
BIDU reports earnings tomorrow after the bell. Like many of the recent tech reports, I think the reaction will be bullish, the question is... just how bullish? At the start of last year with $BIDU struggling to hold the $80 level and analysts, including Citigroup, downgrading and talking negatively about the stock, I said it was going to defy gravity, break $100.
This stock reminds me of another company that was getting pummeled by investors and analysts alike. $BIG. Big Lots was down well under $30 a share earlier this year, analysts were busy downgrading the stock further. With the stock at $26 I said it would defy the analysts, the investors, the negative bias. The stock recently hit over $46 a share.
That's a pretty remarkable call.
