Earnings Continue

After $CMG big post earnings move last night, the stock is up 10% and $60,  we have an incredible rest of the week with AMZN, BIDU, CAT, BA, FB, QCOM reporting near weeks end.

Tonight we have reports from AAPL, MSFT, VMW, DFS, IRBT, EA.

This morning MCD is down almost 2% post earnings.  I was trading it for a move higher and will lose some 80%+ of the capital I used to enter the trade.  Earnings trades that utilize the purchase of out of the money options are high risk and mostly a crap shoot.  However the tremendous risk can pay off handsomely if the stock moves sharply in the direction of your trade.

I think we will see quite a few more CMG type moves this week from some of the big names.  Can we see APPL move over $100?  AMZN back to the $400 level?  BIDU over $200?

We will find out this week!

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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