FB Might Reach A New High With Its Earning Report On July 27thNASDAQ: FB looks as if it will dip before hitting a new high on July 27th. As for the YTD of FB the Q Earnings Report has shown that FB receives a jump. This could potentially happen after the 27th. But do not be discouraged if the stock seems to fall prior the 27th. Check it out.
Earningsafterglow
GME -- EARNINGS AFTERGLOW PLAYHaving announced earnings about two weeks ago, IVR/IV in GME remains high (70/55).
The standard setup -- the short strangle:
Jan 22 27.5/38.5 short strangle
POP%: 71%
Max Profit: $113/contract
BPE: ~$333/contract
Break Evens: 26.37/39.63
Look to take it off at 50% max profit and move on ... .