Earning Trade Ideas (CAT, CREE, NFLX, BIDU, CROX, DECK) April 22nd – April 26th

whichwaydidhego

Earnings season heats up this week. Last week we had SNDK, EBAY, and GOOG to name a few. This week earnings includes numerous high fliers and some historically volatile reporters, making for an exciting week to be trading stock options. I am going to share some possible trades I will be looking at for this week.

The prices I list are the from the close on Friday. They will more than likely be different at the open and vary throughout the week. But it should give a decent guideline of what I am looking to do with each trade. I will give bias for each stock as well.

BTB = before the bell
ATC = after the close

CAT reports Monday BTB I think the stock will see an initial drop to long term support at 78.35.70 range and then rally. I will be looking at the $80 calls once we hit the lows and will be looking to pay $.60-.70 for them.

    CAT

$80 calls $.60 - $.65 entry on a drop, bias for the week bullish.

    NFLX

I think it moves higher post er's but the options are pricing in another giant move. My bias is bullish for the stock and if someone wants to sell me the $190 calls for $1.50 I'm in.

    COH

I may trade for continued downside. The $48 puts at $.60 should work nicely.

    CREE

nice bull flag showing possible spike post earnings. I would like the $55 calls at $1.00 if they are kind enough to sell them to me at that price.

    YUM

over sold on bird flu, I think a pop post earnings and would enjoy the $67.50 calls at $.50 entry if I can.

    BA

continuation of an already big move is likely. $90 calls at $.50 currently .65 x .68.

    QCOM

played for downside last two weeks, this time we trade for upside. $65 calls .98 x $1.00 would like to wait it out for $.65 - .70.

    CSTR

$60 may calls for earnings at $.45. I like it for upside post earnings.

    BIDU

$92.50 calls .94 x $1.00, sell them to me for .75 and I'm in.

    CROX

$16 calls for $.50.

General Option Idea Recap:

I am bullish post earnings on:

CAT,NFLX,YUMCREE,QCOM,CSTR,BIDU,CROX,DECK

I am bearish on:

COH

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 heโ€™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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