Earnings Charts for this Week
Yesterday was a pretty lack-luster day after the open. The only play that panned out was the $BPT calls you could have had at .20/.25/.35 before 10am. they hit 1.10(even higher but that was the highest trade). Still holding my $BPT calls and added more in the afternoon at higher prices, call me crazy. $BPT was alerted via our text service so please email us if you didn't receive the text. Bought the KORS $55s at open at .40, they went to .60, only to fade the rest of the day to .05 x .15. Upgrades are coming out this morning on KORS, and with ANF earnings, KORS could see a nice rally the rest of the week. Still waiting to load on the $SINA calls, and have until the close tomorrow. Also bought some $NFLX $85 and $90 calls yesterday afternoon. $BIDU is finally falling like i thought it would, just that I was a month too early on the puts : https://www.optionmillionaires.com/2012/baidu-bidu-wall-street-darling-no-more/ . Eventually folks will pile back in, hopefully it will be after we get calls on $SINA! Still holding $SRPT and $SODA calls as well. Great read on $SODA: http://online.wsj.com/article/SB10001424127887323894704578115060945709602.html
I will be doing some DITTOTRADEs today for folks following me with their accounts so stay tuned. Most likely trading MLNX.
Here is the watchlist:
|Stock Ticker||Call/Put||Strike||Expiration||Closing Price||Entry Price|
|MLNX||CALL||$92.50||Nov||0.05||.15 or .20|
I bolded my trade of the day. Have a good feeling that MLNX will run out of the gate on CSCO earnings. Considering a majority of MLNX revenue is from big business orders, CSCO's results bode well for a good Q coming up for $MLNX. Like the $90 calls, but $92.50s maybe better risk v reward. Petsmart reports after the bell and I am bullish. Last time she ran to $72 after earnings, but will play Dec calls as the Nov are too risky. Will also try for some lotto $ANF calls just in case things get irrational. Will tweet and post in chat my $SINA trades.
That is all for now. Stay Thirsty my friends. I will be on Audio throughout the day.
FOSL fell post earnings report. Its meandered in a range and options premium has cooled after the big drop. The stock sits at some serious multi-year support. I think there is no better time to play for a bounce. It is a simple trade, we break support, head for the hills, we stay above support we could get a 5-10% move higher. This is what happened each time this old Fossil has hit support. Let's see if it happens again.
I have the $80 may calls at $1 and the $85 may calls at $.20.
You could move out to next month with the $85 calls for June going for $2 and the $90 calls going for $1.
Earnings plays can be very rewarding for those who are on the right side of the trade via options. Apple (AAPL) and Amazon (AMZN) catapulted 10%+ on their earnings report the last two weeks, while Green Mountain Coffee Roasters (GMCR) fell 50% on theirs. Which will be the one to bring option players the 1000%+ gain in the coming week? Here are a few we have on radar for next week, and my thoughts.