Get started

Earningsplay

FUBOTV moves before earnings LONGWith upcoming earnings on August 4th, as shown on the @H chart, FUBO is moving. The set of three EMAs (35/70/280) show an impending crossover the longest EMA and a golden cross between the other two has already occurred. The MACD demonstrates the bullish momentum. The dual time frame RSI has the low/green line crossing the 50 level from well below it and then the high/ black line in the 60 range another confirmation of bullish trend strength. I can appreciate that other traders are anticipating a bit of a jump in the event of an earnings beat. I will join that group. The target is the level of the double top of mid-July. The stop loss is the level of the golden cross of the EMAs. An identified options trade is the strike of $ 3 expiring 8/11.
NYSE:FUBOLong
by AwesomeAvani
OPEN OpenDoor a Penny Real Estate LONGOPEN has earnings upcoming on 8/3. An analysis of the 4H chart with overlays shows bullish momentum in the set of zero lag EMA lines as well as upgoing anchored VWAP landlines. Price crossed over the mean VWAP ( thin black) and the POC line of the volume profile one month ago. The MACD shows bullish momentum since July 24th. The dual RSI indicator shows the low time frame green line rising and then crossing the steady higher black time frame line the past trading day and both being at the 60 level. OPEN is a long trade setup with earnings around the corner. I will take it.
NASDAQ:OPENLong
by AwesomeAvani
SBUX upcoming earnings opportunity LONGSBUX fell going into earnings in early May and continued down all of May then pivoting into a slow climb on this 2H chart through the lower anchored VWAP bands until the present where it is about to cross the mean VWAP lines as signaled by an engulfing green bar after a Doji. The dual time frame RSI lines have both near the 50 levels with the lower in green slightly above the higher in black. I see SBUX rising in the earning upcoming this week. The target is the ascending trendline in black at about 104 for a quick 2.5% ROI in 2 days. I will play this with some call options contracts striking 102 expiring August 11th. I will take half of them off with a 50% unrealized profit and let the remainder run until 8/9 to avoid acceleration of time decay.
NASDAQ:SBUXLong
by AwesomeAvani
DASH a quick play on earnings LONGDASH has earnings upcoming in two trading days. Since the last earnings three months ago, on the 4H chart, DASH looks to be very healthy and decidedly bullish. The nearly continuous MACD lines above the histogram say it all. The PVT shows occasional pullbacks of the price volume product which are the ideal entries for a long-term swing trader or investor. Earnings could beat or disappoint seemingly a beat is more likely. Price just completed a mini pullback and resumed the trend. The " upper Bollinger band walk" is highly bullish. I see a long trade of perhaps 5% upside with little risk. An options trade with 5 days DTE expiring 8/4 could have far more significant profit carefully constructed to limit risk with relatively wider stop loss. Good luck to all who elect to take this trade.
DLong
by AwesomeAvani
Is the SNAP Sell Off overreaction a Reversal Setup?Yes, I think that it is. On the 15-minute chart, the price action of the post-earnings drop is seen The earnings beat the analysts. Price has started a low momentum recovery. The dual time frame RSI shows the low/blue line RS rising above the high/black line. SNAP is in the deep oversold and undervalued territory in the area of the lowermost intermediate-term anchored VWAP lines. The mass index indicator triggered a reversal in the pre-market hours today. I will take a cautious long trade here expecting a price appreciation to 11.8 at or below the mean black VWAP.or about 10%.
NYSE:SNAPLong
by AwesomeAvani
1
Can CMG recover from the post earnings drop?CMG had earnings today which were a beat but apparently less than expectations of investors and traders. On the 15-minute chart, the indicators support a reversal with a bounce on the dual time frame RS lines showing a bit of bullish divergence. Decelerating bearish momentum on the MACD with lines converging under the histogram suggests a reversal is impending. Further, the mass index indicator is in the reversal zone but not yet triggering the signal with a drop below the zone. I will take a long trade of CMG. They say trade what you know, My local CMG is always buzy and a love either food. I believe that CMG is ready to give me a big rebate on my patronage. I will take a call option expiring 8/18 striking $2100. I expect to realize a large profit having done a similar trade on CMG more than once in the past. The expected premium of $7300 will be about $700 of risk given a stop =loss but I expect a reward of 4-6 times that if not more.
NYSE:CMGLong
by AwesomeAvani
BA after earnings pop. Will it drop?Boeing had a big pop from very favorable earnings today. So far there has not been a fade or retracement. The relative strength lines however topped out and then retreated a bit signaling bearish divergence with the lower TF below the higher black TF line. Likewise, the MACD indicator is showing a line cross above the histogram whose amplitude has dropped to zero then changed to red / negative. Lastly, the mass index indicator shows a rise above the reversal zone then with a trigger signal in dropping below the zone. I conclude that BA over-extended and is now setup for a short trade which could be either stocks or a put option. For the stock the stop loss is 232 the swing high and the target is 223.25 at the mean VWAP line. If price can cross under that line, the target for the remaining runners will be 217 just above a lower VWAP line. I will buy the strike $225 expiring 8/4 to potentially exploit this expected quick retracement.
NYSE:BAShort
by AwesomeAvani
Macys ( M ) Pre-earnings LongAs can be seen on the 2H chart, Macy's last earnings on June 5th was afavorble beat resulting in first an uptrend and then a sideways price movement for a month and a half. Earnings are expected on 8/22/23. Price has had dynamic support at the mean VWAP anchored in April while the dynamic resistance has been two standard deviations above that represented by the thin red line. Price is currently midway between resistance and support. Additional support is the POC line ( with the highest trading volumes ) of the volume profile beginning at the prior earnings date. Overall I see this as an opportunity to take an options trade with an expiration a couple of weeks after expected earnings to strike the thin red line of dynamic resistance at 17 expiring September 1st. Depending on price action in the days leading up to earnings I may take off half the contracts if they are in decent profit while letting the other half run through the post earnings period figuring that M could repeat and jump after earnings.
NYSE:MLong
by AwesomeAvani
SNAP Options Ahead of EarningsIf you haven`t sold SNAP here: or ahead of the previous earnings: Then analyzing the options chain and chart patterns of SNAP prior to the earnings report this week, I would consider purchasing the 13usd strike price Calls with an expiration date of 2023-7-28, for a premium of approximately $1.34. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking forward to read your opinion about it.
NYSE:SNAPLong
by TopgOptions
Stock Market Logic Series #6Use earnings reports to your advantage. As I discussed in previous ideas, the big money at any given time will be entering the market or getting out of the market. Never both. When the earnings report is good, and the stock falls down => big money used it as a good advertisement to get out. When the earnings report is bad, and the stock goes up => big money used it as a bad advertisement to scare other people to sell him their shares, thus he gets it. This is the logic, and this is what you would have done if you had a lot of shares to buy and sell. Trading is a business and as such it has the same functions as regular business. The beautiful thing about the earning of the BIG CAP stocks, is that they give you a very high probability of direction to the market indexes. This is a situation where you "know" the market is going to move a certain way. Most of the stocks will follow the index direction. This gives you a very very good day trade opportunity. TSLA is a big cap, so any move of her, will directly effect the indexes. This is why it is important to be aware of the BIG CAP earnings reports. If you monitor those earnings you will see that you can gauge with very good accuracy and confidence what the market will do on a specific day. And milk the market using a day trade technique. I attach to you how the earnings report of TSLA which created a gap down. Pulled all the other stocks down also. This is not a coincidence... Your thought process is: - earnings report of BIG cap is out - This will pull the market to certain direction and bias - I "know" the bias with confidence - Odds are in my favor this day :) - Day trade See the strong DOWN bias of all the stocks... Moral of the story: You should be AWARE to the BIG CAP earnings report. It makes or breaks your day...
NASDAQ:TSLAEducation
by ZoharCho
4
BAC Bank of America Corporation Options Ahead of EarningsIf you haven`t bought BAC here: Then analyzing the options chain of BAC Bank of America Corporation prior to the earnings report this week, I would consider purchasing the 30usd strike price Calls with an expiration date of 2023-9-15, for a premium of approximately $0.83. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking forward to read your opinion about it.
NYSE:BACLong
by TopgOptions
1
Can VZ reverse with earnings coming up?VZ on the 2H chart has been in a trend down since July 5 and the fall is accelerating in the past three trading days. Earnings are a week away. The dual time frame RSI indicator shows the weakness with RS in the oversold and undervalued zone while the zero-lag MACD shows hard bearish momentum. Relative selling volumes are about 3X the mean. Overall considering that price is now three standard deviations below the mean anchored VWAPs set in March and April I believe that price is now at or near the bottom. Accordingly I will watch for signs of a reversal on a 30-60 minute time frame from which to consider a long entry. the upcoming earnings could increase volatility and potential profits if VZW can rally some trader interest.
NYSE:VZLong
by AwesomeAvani
ABT Abbott Laboratories Options Ahead of EarningsIf you haven`t bought ABT here: Then analyzing the options chain of ABT Abbott Laboratories prior to the earnings report this week, I would consider purchasing the 108usd strike price in the money Puts with an expiration date of 7/21/2023, for a premium of approximately $2.55. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking forward to read your opinion about it.
NYSE:ABTShort
by TopgOptions
Lockheed Martin Closing Gap?Lockheed martin earnings play. This stock has my interest with multiple contracts with the government and missing 1 of the last 5 earnings. Lockheed is no stranger to getting multiple contracts. A lot of constant contracts coming in with government agencies and commercial airlines. For a month it has been consolidating jun-jul and recently broke out of consolidation. coming up on earnings July 18th with price targets ranging from 498 to 579 and a strong out look from 1- 5 out of 5 its sitting at a 5 for earnings beat from Earnings whispers. Im Bullish looking for at least a gap fill at $475 Trade responsible, #TradeTheWave
NYSE:LMTLong
by FinesseTheWave
2
Delta Airlines DAL Pre-Earnings PlayDAL has been ascending for two months now and has upcoming earnings. As can be seen on the 2H chart, price has been consistently above the anchored mean VWAP since June 1st. Price crossed over the POC line of the volume profile on June 26th. This is the level where the most trading volume in the time range occurred. Above that line, buyers and their buying pressure are dominant. The Zero Lag MACD shows the lines crossing and the histogram going from negative to zero. I will take a long trade considering the earnings report anticipated for July 13rd. For this, I will take a call option trade of ten contracts for the strike of $47.50 expirating 7/14th. On the last trading day, the contract had a low of $0.96 to a high of $1.54 meaning a one-day increase of 60%. I anticipate a three-day return of 100% and expect the trade to cost about $1.54 x 10 X 100 or $1540 which is also the profit expectation.
NYSE:DAL
by AwesomeAvani
4
MU Micron Technology Options Ahead of EarningsIf you haven`t bought MU here: Or sold here: Then Analyzing the options chain of MU Micron Technology prior to the earnings report this week, I would consider purchasing the 64usd strike price Puts with an expiration date of 2023-6-30, for a premium of approximately $1.54. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking forward to read your opinion about it.
NASDAQ:MUShort
by TopgOptions
NIO longs for an earnings playNIO has earnings coming up at a good time when the China ecomony is recovering from the lockdown and holding interest rates down to support economic expansion. NIO is also very busy selling their EVs in Scandinavia. On the one-hour chart, NIO has risen above the demand/ support zone and seems to be retracing the recent downtrend. The indicator shows momentum and RSI to have crossed the 50 line but money flow is lagging. Volume is picking up in the last few weeks and price has now crossed over the POC line of the volume profile as another sign of bullish buying pressure and dominance. I will trade a long trade in NIO now before the earnings expecting good price action and volatility will yield decent profit in the trade. The stop loss will be below the support zone and the first TP at $8.00 being the top of the high volume area of the profile while the 2nd TP will be $8.50 and final at $9.00.
NYSE:NIOLong
by AwesomeAvani
GME appears to be ready to sell in JuneGME on the 4H chart appears to have topped out at the end of May after a decent rise of 30% after the May 2nd bottom. At present, the Hull Suite trend indicator is signaling a reversal while the MACD zer0 lag indicator shows the lines have crossed under the horizontal zero and the histogram has turned red. The RSI Indicator is showing a bearish divergence with strength decreasing from 80 to 60. I see this as a short setup and will take a position of put options with some long stock shares as risk management and hedging strategy. My target is a 50% retracement of May's move up and a stop loss above the swing high. GME is still above the POC line of the volume profile. Once it drops to that value, I expect bearish momentum acceleration. Earnings are coming. If in profit before earnings, I will take off half the position for the earnings and then expect GME to rise and stop out the remaining position or drop quite a bit more.
NYSE:GMELong
by AwesomeAvani
SNOW pulls bak on Earnings Discount SaleSNOW on the daily chart pulled back from decent earnings to in a massive bearish candle down into its intermediate-term fair value zone near to the mean anchored VWAP and the POC line of the volume profile. It is entirely possible that many traders sold SNOW at its highs when they got FOMO over NVDA and needed to free capital to get more cash in their accounts after buying NVDA . This could have easily helped SNOW go down despite decent earnings. No matter if SNOW is on sale, I will buy it now setting a stop loss @ $145.00 and watch for a Fibonacci-style retracement halfway back to the Pirvot high from which it fell for a first the target of $ 170, a second of $180 ( one third of the position for each) and the final at $170. In the meanwhile, I have a position on NVDA to play a possible drop.
NYSE:SNOW
by AwesomeAvani