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!