CME earnings this week

Discussion in 'Stocks' started by TorontoTrader2, Oct 23, 2005.

  1. As a trader this stock has to get your attention. I've traded it in the past. Yahoo finance says earnings out pre market on Tues.

    Drawing a simple trend channel it looks like 355-360 is top of trend channel

    Will it be a case of Buy the Rumor, Sell the News? It is already up ~20% from the lows last week.

    I am considering a Calendar Put spread - Nov-Dec, if it trades up to top of trend line tomorrow.

    Edited to add: I wonder if they will reveal any Refco-related concerns or liabilities...if nothing else, less order flow.