Just a Reminder - Next week is a busy week for earnings

OTM-Options

OTM-Options

Next week is a busy week for earnings. Some notable stocks to keep an eye on, all after-hours.

Tuesday, April 21
  • CMG
  • YHOO
Wednesday, April 22
  • EBAY
  • FB
Thursday, April 23
  • GOOGL
  • AMZN
  • MSFT
Monday, April 27
  • AAPL



I'm bullish and am considering OTM weekly calls on FB, GOOGL, AAPL and QQQ.



:)
 
OTM-Options said:
Next week is a busy week for earnings. Some notable stocks to keep an eye on, all after-hours.

Tuesday, April 21
  • CMG
  • YHOO
Wednesday, April 22
  • EBAY
  • FB
Thursday, April 23
  • GOOGL
  • AMZN
  • MSFT
Monday, April 27
  • AAPL



I'm bullish and am considering OTM weekly calls on FB, GOOGL, AAPL and QQQ.



:)
More...

Im holding QQQ 110 Monthly May bought them cheap this month and expect them to get itm in the near future.
 
It's getting very close, will next weeks earnings get the ball rolling? I think so.

  • Today
  • Nasdaq: 5,007.79
  • QQQ: $107.69
  • March 2000 (all time high)
  • Nasdaq: 5,048.62
  • QQQ: $117.56

I will be posting a weekly OTM option trade sometime next week. Perhaps GOOGL.


:)
 
I have entered a GOOGL earnings weekly OTM call option trade. Filled at: 15:38:21 ET.

  • GOOGL at $545.15.
  • 52 week range $490.00 - $608.00.
  • Bought 1 GOOGL April24 585.00 weekly call at $0.85
  • 4 Days to expiration.
  • GOOGL earnings Thursday April 23.
  • GOOGL price target after earnings $590.00+

PREVIOUS GOOGL TRADES
  1. April 07 - $100 - $0 - GOOGL - Bought 2 April10 557.50 Calls at $0.50
  2. April 12 - $77 - $0 - GOOGL - April17 OTM Calls
  • Total Debit: $177
  • Total Credit: $0
  • Total P/L: -$177 (Commissions not included)
:)
 
Last edited:
OTM-Options said:
I have entered a GOOGL earnings weekly OTM call option trade. Filled at: 15:38:21 ET.

  • GOOGL at $545.15.
  • 52 week range $490.00 - $608.00.
  • Bought 1 GOOGL April24 585.00 weekly call at $0.85
  • 4 Days to expiration.
  • GOOGL earnings Thursday April 23.
  • GOOGL price target after earnings $590.00+

PREVIOUS GOOGL TRADES
  1. April 07 - $100 - $0 - GOOGL - Bought 2 April10 557.50 Calls at $0.50
  2. April 12 - $77 - $0 - GOOGL - April17 OTM Calls
  • Total Debit: $177
  • Total Credit: $0
  • Total P/L: -$177 (Commissions not included)
:)
More...

Do you have proven system or just testing the waters?
 
Autodidact said:
Do you have proven system or just testing the waters?
More...


Closer to testing the waters than a proven system. I follow 10 stocks plus the QQQ.

  1. FB
  2. GOOGL
  3. AMZN
  4. PCLN
  5. NFLX
  6. TWTR
  7. TSLA
  8. AAPL
  9. GMCR
  10. CMG
  11. QQQ
Almost every week one of those stocks will have a 10x with one of the OTM calls or puts, and my goal is to try and be in on a 10x trade or close to it. The big barrier is timing and selecting the right stock/option combo. Most trades I have done lose 100% of the debit, which is my stop loss. So far this year I hit one 10x, 6x, and a few 3x and 2x trades which make up for the losing trades. The profitable trades have given me a modest profit.

My goal is to reduce the amount of losing trades.



:)
 
OTM-Options said:
Closer to testing the waters than a proven system. I follow 10 stocks plus the QQQ.

  1. FB
  2. GOOGL
  3. AMZN
  4. PCLN
  5. NFLX
  6. TWTR
  7. TSLA
  8. AAPL
  9. GMCR
  10. CMG
  11. QQQ
Almost every week one of those stocks will have a 10x with one of the OTM calls or puts, and my goal is to try and be in on a 10x trade or close to it. The big barrier is timing and selecting the right stock/option combo. Most trades I have done lose 100% of the debit, which is my stop loss. So far this year I hit one 10x, 6x, and a few 3x and 2x trades which make up for the losing trades. The profitable trades have given me a modest profit.

My goal is to reduce the amount of losing trades.



:)
More...

Great, I like the detail of your trades, a breath of fresh air.

Best wishes, hope you can get some good rhythm going to eventually up the the size.
 
OTM-Options said:
April 20 at 3:40 PM
  • GOOGL at $545.15.
  • 52 week range $490.00 - $608.00.
  • Bought 1 GOOGL April24 585.00 weekly call at $0.85
  • 4 Days to expiration.
  • GOOGL earnings Thursday April 23.
  • GOOGL price target after earnings $590.00+
More...



RECAP
  • GOOGL at $549.18
  • Position is still open, bid at $1.40.
  • Earnings tomorrow after the bell.
  • I'm looking for a 7.5% / $42.00 (GOOGL $590.00+) or greater increase after earnings, based on today's close.
  • My plan is to exit sometime on Friday.



:)
 
Last edited:
  • I have decide to take one in the hand instead of two in the bush.
  • Sell-to-close 1 GOOGL April24 585.00 Call at $1.50. Filled at: 11:30:21 ET.



:)
 
Was it really a good idea?

If you still believe your prediction of 590+, you could have sold the 590 C for 1.05.

Since you already paid .85, you would have been in a 5-wide CS for a credit... and potentially making $5 based on your own call.
 
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